Franklin Covey Co. reported consolidated first quarter revenue of $64.0 million for fiscal 2026.
The net loss for the first quarter totaled $3.3 million with adjusted EBITDA of $3.7 million.
Deferred subscription revenue increased to $100.2 million, up 5% year-over-year, while liquidity remains strong at over $80 million.
Revenue Performance
Consolidated revenue for Q1 FY2026 was $64.0 million compared to $69.1 million in Q1 FY2025.
Net Loss
Franklin Covey Co. reported a net loss of $(3.3) million in Q1 FY2026 compared to net income of $1.2 million in Q1 FY2025.
Deferred Subscription Revenue
Deferred subscription revenue increased to $100.2 million, a 5% increase year-over-year.
Cash and Equivalents
Cash and cash equivalents totaled $17.5 million as of November 30, 2025, compared to $53.3 million in the previous year.
Stock Repurchase
During Q1 FY2026, the company purchased approximately 624,000 shares of its common stock for $11.1 million.
- Macro uncertainties and geopolitical trade tensions impacted Enterprise Division revenue in Q1 FY2026.
- The company's go-to-market sales transition is complete, leading to a 7% growth in invoiced amounts in Enterprise North America.
- Actions taken during the quarter, including stock repurchases, demonstrate confidence in the company's long-term plan and commitment to shareholder value.
Franklin Covey Co.'s financial results reflect the anticipated transition point with a focus on growth in invoiced amounts in Enterprise North America. The company remains committed to its long-term plan and creating shareholder value.