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Alexanders (ALX) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 3, 2026

Alexanders (ALX) reported revenue of $54.7M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +2% from the quarter before. Operating margin was 284.0%, net earnings $155M (284.0% of revenue).

Revenue$54.7M
Year over year+6%
Quarter over quarter+2%
Operating margin284.0%
Net earnings$155M

Alexanders, Q2 2026: revenue $54.7M (+6% year over year), operating margin 284.0%, net earnings $155M, operating cash flow $6.2M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$54.7M+2%+6%
Operating profit$155M33×25×
Net earnings$155M33×25×
Operating cash flow$6.2M-9%-86%

What changed

Revenue was $54.7M in Q2 2026, up 6% year over year and up 2% from the previous quarter.

Operating profit was $155.4M, a 284.0% margin (up 272.1 points year over year). Of the extra revenue versus Q2 2025, 4780% reached operating profit, above the 12% margin then. Net earnings were $155.4M, up 2439% year over year. The effective tax rate was 0.0%.

Operating cash flow was $6.2M (down 86% year over year), 4% of net earnings. Non-cash charges added back $8.9M of depreciation and amortization. Working capital and other items used $158.0M.

Questions

What was Alexanders' revenue in the second quarter 2026?

Alexanders (ALX) reported revenue of $54.7M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +2% from the quarter before.

Was Alexanders profitable in the second quarter 2026?

Operating profit was $155M (284.0% of revenue) and net earnings $155M.

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Source: Alexanders 10-Q on SEC EDGAR.