10-Q · June 9, 2026
Limoneira Company reported a significant decline in Q2 FY2026, with total revenues of $23.9 million, falling short of estimates, while net loss surged to $21.4 million. This represents a 32% decrease in revenue compared…
Earnings analysis · 10-Q
LMNR earnings analysis
Filed September 9, 2026 · Our reading of the company's report
The latest report
The extracted 10-Q does not include the financial statements needed to assess revenue, margins, EPS, balance-sheet trends, or cash flow. The principal disclosed development is the March 23, 2026 suspension of regular…
Read full summary
The extracted 10-Q does not include the financial statements needed to assess revenue, margins, EPS, balance-sheet trends, or cash flow. The principal disclosed development is the March 23, 2026 suspension of regular dividends to fund strategic investments, alongside $244,000 of preferred dividend arrearages. Controls were deemed effective as of July 31, 2026, and management reported no material changes to previously disclosed risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Controls remained effective
Management concluded that disclosure controls and procedures were effective as of July 31, 2026. The filing also reports no significant changes in internal controls during the quarter ended July 31, 2026.
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Capital prioritized over dividends
The Board paused regular cash dividends on March 23, 2026 to support strategic investments, including avocado conversion and housing development. Management expects to resume dividends when deemed prudent, but no date is specified.
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Preferred dividend arrearages disclosed
The company reported 13,311 Series B and 9,300 Series B-2 preferred shares outstanding as of the filing date, with dividend arrearages of $58,000 and $186,000, respectively.
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No share repurchases completed
No shares were repurchased under the $30.0 million share repurchase authorization as of July 31, 2026.
What to watch
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Suspended dividends and arrearages
Dividend payments were paused on March 23, 2026, and preferred dividend arrearages totaled $244,000 as of the filing date ($58,000 for Series B plus $186,000 for Series B-2).
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Preferred obligations remain outstanding
The company has 13,311 Series B and 9,300 Series B-2 preferred shares outstanding, creating ongoing preferred dividend obligations despite the pause in payments.
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No new risk-factor changes
The filing states there were no material changes to the risk factors in the October 31, 2025 Form 10-K, filed December 23, 2025; therefore, no new risk-factor changes were identified in this 10-Q.
Management's outlook
The extracted 10-Q does not provide quantitative revenue or EPS guidance. Management states it expects to resume dividends aligned with historical practice when the Board deems it prudent, but no timing or amount is provided.
Earlier filings 4
10-Q · March 12, 2026
Limoneira reported Q1 FY2026 revenue of $18.205M and a net loss of $9.313M (net loss per diluted share $0.53), driven by a sharp decline in agribusiness sales after the transition of lemon marketing to Sunkist.…
10-K · December 23, 2025
Limoneira’s 2025 10-K highlights strategic portfolio actions (Chile property sale for $15.0M, a Commercial Packinghouse License with Sunkist effective Nov. 1, 2025, and a $30.0M share repurchase authorization) while the…
10-K · December 23, 2024
Limoneira Company (LMNR) reported a mixed performance in its fiscal year 2024, highlighted by a strategic review aimed at maximizing stockholder value amidst ongoing challenges in the lemon market. Although total…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.