Mesa Laboratories Inc income statement
In fiscal 2026, Mesa Laboratories Inc reported revenue of $249m, up 3.4% on the year before, operating income of $18.5m (a 7.4% margin) and net income of $6.7m, or $1.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 40 | 46 | 53 | 71 | 85 | 94 | 96 | 103 | 118 | 134 | 184 | 219 | 216 | 241 | 249 | 250 |
| Cost of revenue | 15 | 16 | 18 | 21 | 28 | 33 | 40 | 42 | 42 | 52 | 47 | 75 | 85 | 83 | 90 | 91 | 89 |
| Gross profit | 20 | 24 | 29 | 32 | 43 | 51 | 53 | 55 | 61 | 65 | 87 | 109 | 134 | 133 | 151 | 158 | 160 |
| Research and development | 1 | 1 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 6 | 10 | 16 | 20 | 19 | 20 | 20 | 20 |
| Selling and marketing | 4 | 4 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| General and administrative | 5 | 5 | 9 | 11 | 17 | 24 | 23 | 26 | 31 | 38 | 46 | 60 | 72 | 73 | 73 | 79 | 78 |
| Operating income | 10 | 12 | 13 | 12 | 16 | 16 | 16 | 2 | 10 | 8 | 12 | 5 | 3 | −272 | 16 | 19 | 22 |
| Interest expense | — | — | — | — | — | — | — | 2 | 2 | 6 | 8 | 4 | 5 | 6 | 12 | 11 | 11 |
| Income before tax | 10 | 12 | 13 | 13 | 15 | 16 | 14 | 0 | 9 | 4 | 2 | 4 | −0 | −276 | 6 | 12 | 9 |
| Income tax | 4 | 4 | 5 | 4 | 6 | 4 | 3 | 3 | 1 | 2 | −1 | 2 | −1 | −21 | 8 | 5 | 5 |
| Net income | 6 | 8 | 8 | 9 | 10 | 11 | 11 | −3 | 7 | 2 | 3 | 2 | 1 | −254 | −2 | 7 | 5 |
| Diluted EPS | $1.86 | $2.29 | $2.35 | $2.49 | $2.63 | $2.97 | $2.91 | −$0.79 | $1.86 | $0.41 | $0.64 | $0.35 | $0.17 | −$47.20 | −$0.36 | $1.21 | $0.85 |
| Diluted shares (average) | 3m | 3m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 5m | 5m | 5m | 5m | 5m | 6m | 6m |
| EBITDA | 12 | 15 | 17 | 16 | 22 | 23 | 25 | 12 | 19 | 21 | 30 | 30 | 37 | −268 | 22 | 24 | 28 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 63 | 62 | 60 | 61 | 65 | 64 | 60 |
| Cost of revenue | 22 | 23 | 24 | 23 | 23 | 23 | 22 | 21 |
| Gross profit | 35 | 40 | 38 | 37 | 37 | 42 | 42 | 39 |
| Research and development | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| General and administrative | 17 | 18 | 21 | 18 | 18 | 19 | 24 | 17 |
| Operating income | 4 | 6 | 1 | 3 | 5 | 8 | 3 | 7 |
| Interest expense | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 |
| Income before tax | 4 | −2 | 0 | 7 | 2 | 5 | −2 | 4 |
| Income tax | 0 | −1 | 8 | 2 | −0 | 1 | 3 | 2 |
| Net income | 3 | −2 | −7 | 5 | 2 | 4 | −4 | 3 |
| Diluted EPS | $0.63 | −$0.31 | −$1.30 | $0.85 | $0.45 | $0.65 | −$0.74 | $0.49 |
| EBITDA | 5 | 7 | 3 | 4 | 6 | 9 | 4 | 8 |
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