Perfect Moment (PMNT) Q3 2026 earnings summary

Executive summary

• Achieved first profitable quarter in Q3 2026 with net income of $93,000, reflecting operational transformation, disciplined execution, and cost controls.

• Revenue for the quarter was $11.7 million, flat year-over-year; nine-month revenue rose 8.7% to $17.9 million, driven by partnership and wholesale growth.

• Gross margin expanded to 64.4% for the quarter and 62.7% for nine months, reflecting favorable channel mix and supply chain optimization.

• Transitioned from a niche ski wear label to a four-season luxury outerwear and lifestyle brand, expanding into men's and kids' collections.

• Strengthened leadership team with experienced executives from leading luxury brands.

Financial highlights

• Q3 net revenue was $11.7 million; nine-month revenue up 8.7% to $17.9 million.

• Q3 gross profit rose 17.5% to $7.5 million; nine-month gross profit up 27.2% to $11.2 million.

• Q3 gross margin expanded 960 bps to 64.4%; nine-month gross margin up 910 bps to 62.7%.

• Q3 net income improved by $2.6 million to $93,000, marking first profitable quarter; nine-month net loss narrowed to $5.6 million.

• Adjusted EBITDA for Q3 improved to $882,000 from a loss of $671,000 year-over-year.

Outlook and guidance

• Confident in sustaining profitability and driving revenue growth through disciplined execution, product diversification, and expansion into new categories and geographies.

• Management expects continued operating losses and negative cash flows as investments in growth persist, but sufficient liquidity for at least 12 months is anticipated.

• Focused on converting strong brand awareness and social reach into higher revenue via enhanced marketing and retail strategies.

• Positioned for continued operational and financial momentum into fiscal 2026 and beyond.

• Seasonality will continue to drive quarterly fluctuations, with winter quarters strongest.