Filing Flows › Alset (AEI) › Q1 2026
Alset (AEI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Alset (AEI) reported revenue of $981K for the first quarter 2026 (Q1 2026), -8% from a year earlier and -25% from the quarter before. Operating margin was -270.4%, net loss $5.3M (535.8% of revenue).
Alset, Q1 2026: revenue $981K (-8% year over year), operating margin -270.4%, net loss $5.3M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $981K | -25% | -8% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$5.3M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $1.0M in Q1 2026, down 8% year over year and down 25% from the previous quarter. Rental was the largest line at 74% of revenue. Other lost $96K year over year (down 27%), 110% of the total change.
Gross margin was 28.1%, up 0.8 points from Q1 2025. Operating costs exceeded revenue by $2.7M, an operating margin of -270.4%. Operating expenses fell 31% while revenue fell 8%. The quarter ended with a net loss of $5.3M, narrower than the previous quarter's $33.0M loss. Minority interests bore $733K of it: to shareholders the quarter was a loss of $4.5M.
Operating cash flow was −$1.5M. Non-cash charges added back $269K of depreciation and amortization. Working capital and other items added $3.5M. Capital expenditures of $7K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Alset's revenue in the first quarter 2026?
Alset (AEI) reported revenue of $981K for the first quarter 2026 (Q1 2026), -8% from a year earlier and -25% from the quarter before.
Was Alset profitable in the first quarter 2026?
Operating loss was $2.7M (-270.4% of revenue) and net loss $5.3M.
Source: Alset 10-Q on SEC EDGAR.