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Mesa Laboratories MLAB Service — Cost Of Revenue

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Other financials

Income statement

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Revenue$60.1M+1.0%
Gross profit$31.2M-0.5%
Operating income-$664.0K+85.5%
Net income$2.8M-40.3%
EPS (diluted)-$0.10+63.0%

Balance sheet

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Cash & equivalents$30.7M+44.3%
Total debt$78.5M-52.9%
Total equity$188.8M+9.4%
Total assets$419.2M-3.8%

Cash flow

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Operating cash flow$14.7M+678%
CapEx$559.0K-44.6%
Free cash flow$14.2M+1,504%

Valuation

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Market cap$574.42M+72.6%
Enterprise value$622.2M+30.1%
P/E42×
P/S2.3×+0.9×

Profitability

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Gross margin56.8%
Operating margin2.3%
Net margin1.5%+0.8pp
FCF margin21.2%+7.3pp

Returns & leverage

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Return on equity2.2%+1.1pp
Debt / equity0.4×-0.6×
Current ratio1.8×+1.1×

Where this comes from

Reported directly by Mesa Laboratories in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Mesa Laboratories’s 10-K, filed June 3, 2026.

Filed
Jun 2, 2026, 8:00 PM EDT
Fiscal year
FY2026
Accession
0000724004-26-000047
Line itemYear Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Total revenues249,130240,978216,187
Cost of revenues:
Cost of products64,61260,44157,200
Cost of services26,24829,66725,737
Total cost of revenues90,86090,10882,937
Gross profit158,270150,870133,250
Operating expense:
Selling40,79341,68338,625

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FAQ

What is Mesa Laboratories's service — cost of revenue?
Mesa Laboratories (MLAB) reported service — cost of revenue of $6.56M in Q1 2026.
How has Mesa Laboratories's service — cost of revenue changed year-over-year?
Mesa Laboratories's service — cost of revenue decreased by 11.5% year-over-year, from $7.42M to $6.56M.
What is the long-term trend for Mesa Laboratories's service — cost of revenue?
Over 4 years (2022 to 2026), Mesa Laboratories's service — cost of revenue has grown at a 6.4% compound annual growth rate (CAGR), from $20.5M to $26.25M.
What does service — cost of revenue mean?
This metric captures the direct costs incurred to deliver service-related offerings, including labor, materials, and overhead directly attributable to the service segment. It is a critical indicator of the operational efficiency and profitability of the company's service business model. Tracking this allows for the evaluation of margin trends and the scalability of service delivery processes.

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