Mesa Laboratories (MLAB) Financial Statements & Analysis

Mesa Laboratories (MLAB) Income Statement

Mesa Laboratories reported revenue of $249.13M in fiscal 2026 (fiscal year ended Mar 31, 2026), up 3.4% from $240.98M a year earlier. Net income was $6.71M, a net margin of 2.7%. Gross margin was 63.5% and operating margin 7.4%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was $60.14M, up 1.0% from the same quarter a year earlier.

Mesa Laboratories Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Mesa Laboratories, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Revenue & Gross Profit
Revenue	249.13	240.98	216.19	219.08	184.34	133.94	117.69	103.14	96.18	93.67
Cost of Revenue	90.86	88.88	82.94	85.39	75.25	46.92	52.33	42.22	41.56	40.43
Gross Profit	158.27	150.87	133.25	133.69	109.09	87.01	65.36	60.92	54.62	53.24
Operating Expenses
Research & Development	20.31	19.52	19.30	20.49	15.77	10.39	6.36	3.51	3.54	4.16
Selling, General & Administrative	119.45	115.02	111.49	109.88	88.62	64.27	51.08	39.56	35.08	32.77
Operating Expenses	139.76	134.53	405.33	130.37	104.39	74.66	57.44	43.06	38.62	36.93
Operating Income	18.51	16.34	-272.08	3.32	4.70	12.36	7.92	9.78	2.18	16.31
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.11	0.96	1.72	0.01	0.00
Interest Expense	10.69	-11.86	5.70	-4.77	3.89	-8.02	5.50	0.00	1.85	0.00
Other Income/Expense	4.20	-10.38	-3.57	-3.71	2.76	-10.06	-4.06	-1.16	-1.88	-2.02
Income
Income Before Tax	12.01	5.96	-275.65	-0.39	3.57	2.30	3.86	8.62	0.30	14.30
Income Tax Expense	5.30	7.94	-21.40	-1.32	1.70	-0.97	2.08	1.14	3.26	3.11
Net Income	6.71	-1.97	-254.25	0.93	1.87	3.27	1.78	7.48	-2.96	11.18
Net Income - Continuous Operations	6.71	-1.97	-254.25	0.93	1.87	3.27	1.78	7.48	-2.96	11.18
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	45.98	42.10	-238.38	36.45	32.53	30.02	22.36	18.09	9.77	25.05
EBIT	22.71	17.57	3.69	3.32	7.46	12.36	-	-	-	-
Depreciation & Amortization	23.27	24.53	31.57	33.13	25.07	17.66	12.99	9.47	9.47	8.74
Earnings Per Share
Basic EPS	1.00	-	-47.00	-	-	1.00	-	2.00	-1.00	3.00
Diluted EPS	1.00	-	-47.00	-	-	1.00	-	2.00	-1.00	3.00
Basic Shares Outstanding	5.51	5.42	5.39	5.32	5.21	4.98	4.20	3.84	3.75	3.68
Diluted Shares Outstanding	5.57	5.42	5.39	5.36	5.34	5.12	4.37	4.03	3.77	3.84

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Mesa Laboratories Financial Statements

What was Mesa Laboratories's revenue in fiscal 2026?

Mesa Laboratories reported revenue of $249.13M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 3.4% from $240.98M a year earlier.

Is Mesa Laboratories profitable?

Yes. Mesa Laboratories earned net income of $6.71M in fiscal 2026, a net margin of 2.7%. In fiscal 2025 it lost $1.97M.

What is Mesa Laboratories's operating margin?

Mesa Laboratories's operating income was $18.51M on revenue of $249.13M in fiscal 2026, an operating margin of 7.4%, compared with 6.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition