JRSH earnings analysis
What we found in JRSH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Jerash reported a strong quarter, with revenue of $50.23 million and diluted EPS of $0.13, both ahead of consensus and above the prior-year period. Gross margin improved year over year to 16.4% but declined 70 basis points sequentially, while the prior outlook indicates gross margin of only 14%-15% for the next quarter. The supplied 10-Q extract does not contain the financial statements, MD&A, balance-sheet data or cash-flow statement, so those areas cannot be independently assessed from the filing text provided.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue grew 16.8% sequentially
- Revenue was $50.23 million, up from $43 million in the prior quarter and $40 million in the comparable prior-year quarter, increases of approximately 16.8% and 25.6%, respectively.
- EPS improved to $0.13
- Diluted EPS was $0.13 versus $0.12 in the prior quarter and $0.03 in the comparable prior-year quarter, increases of $0.01 and $0.10, respectively.
- Gross margin up year over year
- Gross margin was 16.4%, down from 17.1% in the prior quarter but up from 15.4% in the comparable prior-year quarter, a sequential decline of 70 basis points and year-over-year improvement of 100 basis points.
- Quarter beat consensus estimates
- Revenue exceeded the $47.9 million consensus estimate by approximately $2.33 million, while EPS exceeded the $0.12 estimate by $0.01.
- Controls remained effective
- Management concluded that disclosure controls and internal control over financial reporting were effective as of June 30, 2026, and reported no material control changes during the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Lower margin outlook
- The prior outlook calls for gross margin of approximately 14%-15%, below the reported 16.4% margin, indicating potential margin compression from higher transportation costs, raw-material imports and logistics inefficiencies.
- Logistics and geopolitical exposure
- The prior outlook calls for fiscal 2027 second-quarter revenue of approximately $49 million-$51 million, a range that includes revenue below the current $50.23 million level; management cited geopolitical uncertainties and logistics risks.
- Potential litigation costs
- Although the company reported no material legal proceedings as of the filing, it states that ordinary-course claims and litigation could result in material expenses and harm financial position and prospects; the filing is dated August 12, 2026.
- Limited risk disclosure
- The company is a smaller reporting company and is not required to provide the Item 1A risk-factor disclosure or Item 3 market-risk disclosure, limiting the detail available on changes in financing, market and operating risks.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.13
- Gross margin
- 16.4%
What they said about what is next.
The supplied 10-Q extract does not include MD&A or explicit guidance. The prior 8-K disclosed fiscal 2027 second-quarter revenue of approximately $49 million-$51 million and gross margin of approximately 14%-15%; no EPS outlook was provided.
The filing reads about the same as the one before it.
What came before.
- 10-K · June 18, 2026
- Jerash Holdings reported a strong fiscal year ending March 31, 2026, with a 14% increase in revenue to $166.26 million and a notable recovery to net income of $3.63 million from a loss of $0.84 million in the prior…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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