US Earnings Financial Results SEC Filings — July 07, 2026

07-07-2026

Penguin Solutions, Inc. reported a strong turnaround in Q3 FY2026, with net income attributable to common stockholders of $37.2M compared to a loss of $0.4M in the prior-year quarter. Total net sales surged 47.6% YoY to $478.7M, driven by a 60.1% increase in product sales. However, services revenue declined 2.7% YoY, and the company continued aggressive share repurchases, spending $68.9M in the first nine months, which reduced outstanding shares.

• · Operating cash flow for nine months FY2026 was only $11.2M, down 93.7% from $179.5M in the prior year, due to large working capital outflows for accounts receivable ($396.4M) and inventories ($243.1M).
• · The company recorded a $30.9M gain on disposition of equity investments and a $10.0M loss on impairment of non-marketable equity investment in the nine-month period.
• · Total debt (current + long-term) decreased from $461.8M to $443.2M, but current debt increased sharply from $19.9M to $148.4M.
• · Accounts receivable more than doubled to $703.0M from $307.9M, and inventories nearly doubled to $498.3M from $255.2M.
• · The company held $38.3M in restricted cash as of May 29, 2026, up from $0.3M at year-end 2025.
• · Goodwill remained unchanged at $145.9M, with no impairment recorded in FY2026 versus $11.4M in the prior year nine months.

07-07-2026

Saratoga Investment Corp. reported a net decrease in net assets resulting from operations of $6.9M for Q1 FY26, compared to a net increase of $13.9M in the prior-year quarter, driven by a $15.2M net unrealized depreciation on investments. Total investment income declined 4.8% YoY to $30.8M, while net investment income fell 25.1% to $7.6M. Net asset value per share dropped 4.9% to $23.23 from $24.42 at fiscal year-end.

• · Net realized gain from investments was only $150,207 in Q1 FY26, down from $2,901,339 in Q1 FY25.
• · Net change in unrealized depreciation on investments was $15,177,131 in Q1 FY26 vs. a $943,977 appreciation in Q1 FY25.
• · Cash and cash equivalents (including reserve accounts) totaled $60.8M at May 31, 2026, compared to $224.3M at May 31, 2025.
• · SBA debentures payable increased 33.1% to $213.0M from $160.0M at fiscal year-end.
• · Weighted average basic and diluted earnings per share was a loss of $0.42 in Q1 FY26 vs. earnings of $0.91 in Q1 FY25.
• · Non-qualifying assets represented 8.8% of the portfolio at fair value as of May 31, 2026.
• · The largest portfolio investment is ComForCare Health Care (First Lien Term Loan) at $90.0M fair value, representing 23.8% of net assets.

07-07-2026

TOP Financial Group Ltd filed its 10-K annual report for the fiscal year ended March 31, 2026. The filing highlights significant customer concentration risk, with the top five customers accounting for a substantial portion of total revenues during both fiscal 2026 and 2025. The company also faces geopolitical and regulatory risks due to its operations in Hong Kong and potential PRC government intervention, as well as tax uncertainties including possible PFIC status for U.S. investors.

• · The company relies on dividends from its Operating Subsidiaries to fund cash requirements; any limitation on those subsidiaries' ability to make payments could materially affect the business.
• · Substantially all Operating Subsidiaries' operations are in Hong Kong, subject to potential PRC government oversight and intervention.
• · There is no assurance that the company will not be classified as a PFIC for U.S. federal income tax purposes, which could result in significant adverse tax consequences for U.S. investors.
• · Gains from sale of Ordinary Shares effected outside Hong Kong (e.g., on Cayman Islands) should not be subject to Hong Kong profits tax.

07-07-2026

Kura Sushi USA reported Q3 FY2026 sales of $85.9M, up 16.1% YoY from $74.0M, driven by new restaurant openings and higher volumes. However, the company posted a net loss of $4.3M for the nine-month period, widening from a $4.2M loss a year ago, and cash and equivalents dropped sharply to $24.4M from $47.5M at fiscal year-end due to heavy capital spending.

• · Operating loss improved to ($39K) in Q3 FY2026 from ($162K) in Q3 FY2025, but nine-month operating loss was ($5.9M) vs ($6.2M) a year ago.
• · Food and beverage costs as a percentage of sales rose to 30.2% in Q3 FY2026 from 28.3% in Q3 FY2025.
• · Labor and related costs as a percentage of sales decreased to 30.6% in Q3 FY2026 from 33.1% in Q3 FY2025.
• · Net cash provided by operating activities increased to $18.4M for the nine months ended May 31, 2026 from $15.3M in the prior year period.
• · Capital expenditures (payments for property and equipment) totaled $43.3M in the nine-month period, up from $36.7M a year ago.
• · The company had $41.6M in short-term and long-term investments combined as of May 31, 2026, down from $44.5M as of August 31, 2025.
• · Accumulated deficit grew to ($39.2M) from ($34.9M) at fiscal year-end.

07-07-2026

Franklin Covey reported Q3 FY2026 net income of $3.1M ($0.27 EPS), a significant turnaround from a net loss of $1.4M in Q3 FY2025, driven by improved operating margins and lower restructuring costs. However, year-to-date net loss widened to $2.2M from $1.3M in the prior period, and total revenue for the three quarters declined 2.2% to $191.5M. Segment performance was mixed: North America and International Adjusted EBITDA grew strongly in Q3, while the Education Division saw a 17.9% EBITDA decline in Q3 and a 41.9% decline year-to-date.

• · Cash used for share repurchases totaled $28.1M in three quarters FY2026, up from $23.0M in the prior year.
• · Deferred revenue declined to $92.95M at May 31, 2026 from $106.53M at Aug 31, 2025.
• · Accounts receivable decreased to $50.3M from $68.4M, a $18.1M reduction.
• · The company reported a net operating cash flow of $17.5M for three quarters, down from $19.0M prior year.
• · Goodwill remained unchanged at $31.2M.
• · Restructuring costs dropped significantly to $0.7M in Q3 FY2026 from $4.7M in Q3 FY2025.
• · Income tax provision was $1.1M in Q3 vs a benefit of $0.7M in the prior year Q3.
• · Interest income fell sharply to $24K in Q3 from $211K prior, reflecting lower cash balances.
• · Other revenues (non-segment) decreased to $0.7M in Q3 from $1.2M in Q3 prior year.
• · The Education Division segment revenue grew modestly in Q3 (+1.9%) but its EBITDA declined 17.9%, and YTD EBITDA fell 41.9%.

07-07-2026

HNO International reported a net loss of $400,825 for the three months ended April 30, 2026, an improvement from a $470,066 loss in the same period last year. Revenue declined 22.6% to $33,821 from $43,708, while total operating expenses decreased 26.2% to $285,223. The company's cash position improved to $145,670 from $9,525 at October 31, 2025, but total assets fell 19.8% to $1,388,535 and stockholders' deficit widened to $1,961,103.

• · Revenue for the six months ended April 30, 2026 was $33,821, down from $43,708 in the prior year period.
• · General and administrative expenses for the six months ended April 30, 2026 were $286,570, a dramatic decrease from $5,708,985 in the prior year period, largely due to $5,092,557 in stock-based compensation in the prior year.
• · Net cash used in operating activities improved to $337,687 for the six months ended April 30, 2026 from $671,197 in the prior year period.
• · Net cash provided by financing activities was $487,000 for the six months ended April 30, 2026, down from $901,500 in the prior year period.
• · Accounts receivable decreased to $0 as of April 30, 2026 from $332,669 at October 31, 2025.
• · Derivative liability of $192,500 was recorded as of April 30, 2026, compared to $0 at October 31, 2025.
• · Convertible note payable at fair value decreased to $12,531 from $59,867 at October 31, 2025.
• · Property and equipment, net decreased to $1,207,704 from $1,323,189 at October 31, 2025, due to depreciation of $128,653.
• · Accumulated deficit increased to $52,633,084 from $52,050,190 at October 31, 2025.
• · Weighted average shares outstanding (basic and diluted) for the three months ended April 30, 2026 was 101,838,843, up from 78,534,293 in the prior year period.

07-07-2026

ZRCN Inc. reported a net loss attributable to common stockholders of $1.4M for Q3 FY26 (three months ended Dec 31, 2025), compared to net income of $50K in the prior-year quarter, driven by a 9.5% decline in gross profit and a 12.8% increase in operating expenses. For the nine-month period, net loss widened to $4.1M from a $31K profit a year earlier, as cost of sales grew 20.6% while net sales rose only 1.0%. Total assets decreased 6.0% to $22.0M from $23.4M at March 31, 2025, and cash dropped 47.3% to $742K, while total liabilities increased 11.9% to $20.0M.

• · Accumulated deficit more than doubled from $4.3M at March 31, 2025 to $8.4M at December 31, 2025.
• · Total equity attributable to ZRCN Inc. stockholders collapsed 96.6% from $3.9M to just $131K over the same period.
• · Accounts payable surged 47.9% to $9.5M, while cash fell 47.3% to $742K, indicating increased reliance on trade credit.
• · Inventory obsolescence impairment increased to $365K for the nine months ended Dec 31, 2025, up from $130K in the prior-year period.
• · Share-based compensation expense rose sharply to $191K for the nine months, compared to $24K a year earlier.
• · The company had a net cash outflow from financing activities of $1.2M, driven by net repayments on the line of credit.
• · Basic and diluted net loss per share was $(0.14) for Q3 and $(0.40) for the nine months, versus $0.00 in both prior-year periods.
• · The filing includes a revision to prior-period financials: accrued expenses at March 31, 2024 were restated from $2.1M to $2.8M, with a corresponding reduction in retained earnings from $7.4M to $6.8M.