Filing Flows › Amerisafe (AMSF) › Q1 2026
Amerisafe (AMSF) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Amerisafe (AMSF) reported revenue of $80.1M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -2% from the quarter before. Operating margin was 12.7%, net earnings $8.1M (10.2% of revenue).
Amerisafe, Q1 2026: revenue $80.1M (+10% year over year), operating margin 12.7%, net earnings $8.1M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.1M | -2% | +10% |
| Operating profit | $10.2M | -20% | -9% |
| Net earnings | $8.1M | -22% | -9% |
| Operating cash flow | −$2.7M | -125% | — |
What changed
Revenue was $80.1M in Q1 2026, up 10% year over year and down 2% from the previous quarter.
Operating profit was $10.2M, a 12.7% margin (down 2.8 points year over year). Operating profit fell $1.1M even though revenue rose $7.5M versus Q1 2025, so costs grew faster than sales. Total costs grew 14% against revenue growth of 10%. Net earnings were $8.1M, down 9% year over year. The effective tax rate was 19.8%.
Operating cash flow was −$2.7M. Non-cash charges added back $175K of depreciation and $586K of share-based compensation. Working capital and other items used $11.6M. Capital expenditures of $26K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Amerisafe's revenue in the first quarter 2026?
Amerisafe (AMSF) reported revenue of $80.1M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -2% from the quarter before.
Was Amerisafe profitable in the first quarter 2026?
Operating profit was $10.2M (12.7% of revenue) and net earnings $8.1M.
Source: Amerisafe 10-Q on SEC EDGAR.