Progressive Planet Solutions (PLAN) Q4 2026 earnings summary

Executive summary

• Achieved record Q4 revenue of $6.5M, up 41.5% year-over-year, and record annual revenue of $23.2M, up 18.9% year-over-year.

• Gross profit rose 37% to $8.3M, with gross margin improving to 36% from 31% in the prior year.

• Income from operations declined 8% to $1.64M due to significant one-time promotional and R&D expenses.

• Major investments made in property, plant, and equipment to support future growth.

Financial highlights

• Q4 revenue reached an all-time high of $6,505,499, a 41.5% increase from the prior year.

• Annual revenue hit $23,200,596, up 18.9% year-over-year.

• Gross profit increased to $8,305,461, with gross margin rising to 36%.

• Cash and equivalents decreased to $2,247,720 due to $3.76M invested in plant expansion.

• Credit facilities remain unused, with over $3M available.

Outlook and guidance

• Continued heavy investment planned for future growth, particularly in core business and new product development.