How many shares did Earth Science Tech repurchase in fiscal 2026?

The company repurchased and retired 4,023,296 shares of common stock during the fiscal year ended March 31, 2026. Additionally, the CEO disclosed that more than 7.1 million shares were repurchased and retired during fiscal 2026 and subsequent to year-end, and the company purchased an additional 3.1 million shares in the first quarter of fiscal 2027.

What is the authorization amount for this buyback program?

The filing does not disclose a formal authorization amount or maximum authorization in dollars or shares. The company describes the activity as an 'aggressive share buyback program' but does not specify program limits or board-authorized amounts.

Did Earth Science Tech take on debt to fund the buybacks?

No. The CEO explicitly stated that the company 'did not add debt to our balance sheet' during fiscal 2026 while funding the buybacks. The company generated positive operating cash flow and maintained a disciplined capital allocation approach.

What execution mechanism did the company use for the buybacks?

The filing does not specify the execution mechanism, such as Rule 10b-18 open-market purchases, a 10b5-1 trading plan, or any other method. Only the total share count and timing are disclosed.

What was the average price paid per share?

The filing does not disclose the average price paid per share during any period. Only the total number of shares repurchased is provided, without pricing information.

How does the buyback compare to the company's market capitalization or equity value?

The company's total assets were $9.0 million and stockholders' equity was $7.0 million as of March 31, 2026. The 7.1 million shares repurchased post-year-end represent a significant reduction relative to the company's small equity base, though the filing provides no market price or market capitalization data for comparative analysis.

ETST 8-K Filed 2026-06-18 Execution disclosure

Earth Science Tech reports 4M shares repurchased in FY2026

Healthcare holding company continues "aggressive" buyback strategy; 7.1M shares retired since fiscal year-end

Shares repurchased4.0M

MechanismNot specified

What the filing says

Earth Science Tech, Inc. (OTC: ETST) reported that it repurchased and retired 4,023,296 shares of common stock during the fiscal year ended March 31, 2026. In remarks accompanying the earnings release, CEO Giorgio R. Saumat noted that the company repurchased and retired more than 7.1 million shares during fiscal 2026 and subsequent to year-end, while managing capital discipline and generating positive operating cash flow.

The company also disclosed that it purchased an additional 3.1 million shares during the first quarter of fiscal 2027 (quarter ending June 30, 2026), describing this activity as part of an "aggressive share buyback program" designed to create lasting shareholder value. The company added no new debt to its balance sheet during the period while funding these repurchases.

No formal authorization amount or maximum program dollar figure was disclosed in this filing. The execution mechanism and specific average price paid per share are not specified in the earnings announcement. Total stockholders' equity increased to $7.0 million as of March 31, 2026, from $3.9 million the prior year, reflecting the company's improved profitability and the impact of the buyback activity on the capital structure.

During fiscal 2026 and subsequent to year end, we repurchased and retired more than 7.1 million shares of common stock, continued investing in new products and expanded the reach of our healthcare platform. By continuing our aggressive share buyback program—purchasing over 3.1 million shares in the first quarter of fiscal 2027 alone—we are actively creating lasting value for our shareholders. — Earth Science Tech, Inc. 8-K filing · View on SEC EDGAR →

What this means

ETST's reported buyback activity during fiscal 2026 reduced common shares outstanding by approximately 1.4% (4M shares against a weighted-average base of 293M). Including the post-period repurchases, total retirements of 7.1M shares represent roughly 2.3% of the average share count. The company funded buybacks while achieving net income of $3.6M and maintaining a positive cash position, suggesting management's confidence in near-term cash generation. However, the filing does not disclose a formal authorization maximum or execution mechanism (Rule 10b-18, ASR, etc.), limiting visibility into the program's scale and constraints.

Frequently asked questions

How many shares did Earth Science Tech repurchase in fiscal 2026?: The company repurchased and retired 4,023,296 shares of common stock during the fiscal year ended March 31, 2026. Additionally, the CEO disclosed that more than 7.1 million shares were repurchased and retired during fiscal 2026 and subsequent to year-end, and the company purchased an additional 3.1 million shares in the first quarter of fiscal 2027.
What is the authorization amount for this buyback program?: The filing does not disclose a formal authorization amount or maximum authorization in dollars or shares. The company describes the activity as an 'aggressive share buyback program' but does not specify program limits or board-authorized amounts.
Did Earth Science Tech take on debt to fund the buybacks?: No. The CEO explicitly stated that the company 'did not add debt to our balance sheet' during fiscal 2026 while funding the buybacks. The company generated positive operating cash flow and maintained a disciplined capital allocation approach.
What execution mechanism did the company use for the buybacks?: The filing does not specify the execution mechanism, such as Rule 10b-18 open-market purchases, a 10b5-1 trading plan, or any other method. Only the total share count and timing are disclosed.
What was the average price paid per share?: The filing does not disclose the average price paid per share during any period. Only the total number of shares repurchased is provided, without pricing information.
How does the buyback compare to the company's market capitalization or equity value?: The company's total assets were $9.0 million and stockholders' equity was $7.0 million as of March 31, 2026. The 7.1 million shares repurchased post-year-end represent a significant reduction relative to the company's small equity base, though the filing provides no market price or market capitalization data for comparative analysis.

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Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.