SHARPE
Reported results
- Revenue of $98.1 million compared to $120.2 million in Q1 FY2026; down 18.4% on same-day constant currency basis
- GAAP gross margin of 37.4% compared to 39.5% in prior year quarter
- GAAP SG&A expenses of $43.1 million (43.9% of revenue) improved from $47.9 million (39.9% of revenue) in prior year quarter
- Adjusted SG&A expenses (non-GAAP) of $40.3 million improved from $44.5 million in prior year quarter
- GAAP net loss of $8.0 million (net loss margin of 8.1%) compared to net loss of $2.4 million (net loss margin of 2.0%)
- Adjusted EBITDA (non-GAAP) of $(3.6) million (Adjusted EBITDA margin of (3.7%)) compared to $3.1 million (Adjusted EBITDA margin of 2.5%)
Notes
The company sold Sitrick Group, LLC in May 2026, which impacted revenue comparisons and the elimination of the All Other segment. Billable hours decreased 13.2% year-over-year; average bill rate decreased 5.8% year-over-year (5.6% constant currency). Cash and cash equivalents totaled $61.2 million as of August 29, 2026. Diluted loss per common share was $0.23 compared to $0.07 in prior year quarter.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-07 (8-K, Item 2.02). Read the original filing on sec.gov.