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Alexanders (ALX) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 2, 2026

Alexanders (ALX) reported revenue of $72.1M for the third quarter 2026 (Q3 2026), +35% from a year earlier and +32% from the quarter before. Operating margin was 38.0%, net earnings $27.4M (38.0% of revenue).

Revenue$72.1M
Year over year+35%
Quarter over quarter+32%
Operating margin38.0%
Net earnings$27.4M

Alexanders, Q3 2026: revenue $72.1M (+35% year over year), operating margin 38.0%, net earnings $27.4M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$72.1M+32%+35%
Operating profit$27.4M-82%+359%
Net earnings$27.4M-82%+359%
Operating cash flow$16.9M+173%—

What changed

Revenue was $72.1M in Q3 2026, up 35% year over year and up 32% from the previous quarter.

Operating profit was $27.4M, a 38.0% margin (up 26.9 points year over year). Of the extra revenue versus Q3 2025, 115% reached operating profit, above the 11% margin then. Total costs fell 6% while revenue rose 35%. The fastest-growing cost line was General & admin (+47%). Net earnings were $27.4M, up 359% year over year. The effective tax rate was 0.0%.

Operating cash flow was $16.9M, 62% of net earnings. Non-cash charges added back $9.6M of depreciation and amortization. Working capital and other items used $20.1M.

Questions

What was Alexanders' revenue in the third quarter 2026?

Alexanders (ALX) reported revenue of $72.1M for the third quarter 2026 (Q3 2026), +35% from a year earlier and +32% from the quarter before.

Was Alexanders profitable in the third quarter 2026?

Operating profit was $27.4M (38.0% of revenue) and net earnings $27.4M.

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Source: Alexanders 10-Q on SEC EDGAR.