Filing Flows › Alexanders (ALX) › Q1 2026
Alexanders (ALX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Alexanders (ALX) reported revenue of $53.4M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +0.3% from the quarter before. Operating margin was 8.7%, net earnings $4.7M (8.7% of revenue).
Alexanders, Q1 2026: revenue $53.4M (-3% year over year), operating margin 8.7%, net earnings $4.7M, operating cash flow $6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.4M | +0.3% | -3% |
| Operating profit | $4.7M | +22% | -62% |
| Net earnings | $4.7M | +22% | -62% |
| Operating cash flow | $6.8M | -71% | -57% |
What changed
Revenue was $53.4M in Q1 2026, down 3% year over year and roughly flat from the previous quarter.
Operating profit was $4.7M, a 8.7% margin (down 13.7 points year over year). Total costs grew 14% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $4.7M, down 62% year over year. The effective tax rate was 0.0%.
Operating cash flow was $6.8M (down 57% year over year), 146% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization. Working capital and other items used $7.3M.
Questions
What was Alexanders' revenue in the first quarter 2026?
Alexanders (ALX) reported revenue of $53.4M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +0.3% from the quarter before.
Was Alexanders profitable in the first quarter 2026?
Operating profit was $4.7M (8.7% of revenue) and net earnings $4.7M.
Source: Alexanders 10-Q on SEC EDGAR.