iFabrick (IFA) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 revenue of $27.5 million, up 288% year-over-year, marking the highest in company history.

• Growth driven by new medical apparel and footwear programs, rebranding of intimate apparel, and deeper retail integration.

• Management remains focused on leveraging operational capabilities for further expansion and sustained profitability.

Financial highlights

• Q1 revenue reached $27,502,695, an increase of $20,422,255 or 288% compared to Q1 2025.

• Adjusted EBITDA for Q1 was $5,733,393, up from $318,478 in Q1 2025.

• Net earnings after tax were $3,710,214 ($0.122 per share), up from $88,458 ($0.003 per share) in Q1 2025.

• Gross profit was $8,952,217, up 227% year-over-year, with gross margin decreasing to 33% from 39% due to product mix and higher US tariffs.

• Cash decreased by $2,022,335 to $1,760,999 at quarter-end, mainly due to increased inventory investments.

Outlook and guidance

• Management expects continued momentum from new product launches and expanded retail partnerships.

• The new Nudish™ brand in intimate apparel is expected to drive future revenue growth by targeting a younger demographic and expanding product categories.