Progressive Planet Solutions (PLAN) Q2 2026 earnings summary

Executive summary

• Net income for Q2 rose to $971,895 from $623,498 year-over-year.

• EBITDA increased 60% to $1,446,716 compared to prior Q2.

• Revenue for Q2 decreased by 9.2% to $4,964,201, but six-month revenue increased to $10,878,388.

• Order backlog surged 238% to $1,389,735, with record purchase orders in October 2025.

• Transition period included a planned shutdown for new robotic palletizer installation.

Financial highlights

• Gross margin for Q2 was 38.1%, slightly down from 38.6% year-over-year.

• Highest monthly purchase orders since February 2022, exceeding $2.7 million in October 2025.

• Agricultural sales slowed in Q2 after record Q1, but rebounded in Q3 to date.

Outlook and guidance

• No further production shutdowns anticipated for the remainder of Q3, ending January 31, 2026.

• Backlog expected to normalize in Q3 as new products reach over 2,400 US retail locations.