George Risk Industries Net Income Jumps 54% to $2.48M in Q3 FY2026

George Risk Industries, a Colorado-based manufacturer of security and electronic components, posted net income of $2.48 million for the quarter ended January 31, 2026, up 54% from $1.61 million in the prior-year period. Revenue climbed 15% to $5.66 million from $4.91 million. Read more earnings reports.

For the nine months ended January 31, 2026, the company reported net income of $8.62 million, up 32% from $6.53 million in the same period a year earlier. Revenue rose 10% to $17.89 million from $16.31 million.

Gross profit for the third quarter reached $2.57 million, up from $2.30 million a year ago, while operating income increased to $1.32 million from $1.20 million. The company's gross margin improved as cost of goods sold grew at a slower pace than revenue.

Operating expenses for the quarter totaled $1.25 million, up from $1.10 million in the prior-year period. For the nine-month period, operating expenses reached $3.65 million compared to $3.50 million.

The company paid $2.22 million in income taxes for the nine months ended January 31, 2026, up from $2.04 million in the prior-year period. Tax expense for the third quarter alone was $535,000, down from $654,000 a year earlier.

Earnings per share on a diluted basis came in at $0.51 for the quarter, up from $0.33 a year ago. For the nine-month period, diluted EPS reached $1.75, up from $1.33.

Total assets stood at $68.36 million as of January 31, 2026, up from $63.34 million at the end of fiscal 2025. Cash and cash equivalents declined to $4.46 million from $6.47 million, while inventory increased to $11.60 million from $10.74 million.

The company generated $3.58 million in cash from operations during the nine months ended January 31, 2026, compared to $3.17 million in the prior-year period. Cash used in financing activities totaled $4.52 million, largely unchanged from $4.48 million a year earlier.

Stockholders' equity rose to $60.67 million as of January 31, 2026, from $56.86 million at the end of fiscal 2025. Retained earnings increased to $62.80 million from $59.07 million. The company had 4.89 million shares outstanding.