iFabrick (IFA) Q2 2026 earnings summary

Executive summary

• Q2 revenues reached $9.6M, up 65% year-over-year, with six-month revenues at a record $37.1M, up 188% year-over-year, marking the strongest six-month period in company history.

• Both Intelligent Fabrics and Coconut Grove divisions achieved all-time high revenues, driven by new product launches, expanded programs, and replenishment initiatives.

• EBITDA for Q2 was $715K, a $1M turnaround from the prior year; six-month EBITDA hit a record $5.8M.

• Balance sheet strengthened by a $21M capital raise, ending Q2 with $25M in cash and $45.1M working capital.

• Significant momentum entering the second half of 2026, supported by strong execution and successful capital raise.

Financial highlights

• H1 2026 revenue rose 188% year-over-year to $37.1M; Q2 2026 revenue up 65% to $9.6M.

• Q2 revenues: $9.6M (reported), $10.3M invoiced before $650K advertising deduction per IFRS.

• Gross margin declined to 30% in Q2 2026 (from 37% in Q2 2025) and to 32% in H1 2026 (from 38% in H1 2025), mainly due to product mix and marketing support deductions.

• H1 2026 EBITDA was $5.78M, compared to negative $0.10M in H1 2025; Q2 2026 EBITDA was $0.71M, up from negative $0.29M.

• Net earnings for Q2 2026 were $238,597 ($0.007/share), compared to a net loss of $190,103 in Q2 2025.

Outlook and guidance

• Q3 expected to be replenishment-focused, with potential for one set program; Q1 and Q4 remain largest quarters due to seasonality.

• Management expects continued momentum in the second half of 2026, with strong demand for new programs and expanded product offerings.

• Long-term EBITDA margin target of 15-20% could be achieved as early as this year.

• Dividend initiation possible within two years, contingent on maintaining strong cash position.