Filing Flows › American Vanguard (AVD) › Q1 2026
American Vanguard (AVD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
American Vanguard (AVD) reported revenue of $124M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -18% from the quarter before. Operating margin was 1.5%, net loss $4.1M (3.4% of revenue).
American Vanguard, Q1 2026: revenue $124M (+7% year over year), operating margin 1.5%, net loss $4.1M, operating cash flow −$35.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | -18% | +7% |
| Operating profit | $1.9M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$35.4M | -695% | — |
What changed
Revenue was $123.6M in Q1 2026, up 7% year over year and down 18% from the previous quarter.
Gross margin was 31.1%, up 5.0 points from Q1 2025. Operating profit was $1.9M, a 1.5% margin (up 5.3 points year over year). Operating expenses grew 6% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+62%). The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $28.2M loss. Net interest and other expense of $5.9M was the main reason.
Operating cash flow was −$35.4M. Non-cash charges added back $4.7M of depreciation and amortization and $186K of share-based compensation. Working capital and other items used $36.2M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$36.4M.
Questions
What was American Vanguard's revenue in the first quarter 2026?
American Vanguard (AVD) reported revenue of $124M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -18% from the quarter before.
Was American Vanguard profitable in the first quarter 2026?
Operating profit was $1.9M (1.5% of revenue) and net loss $4.1M.
Source: American Vanguard 10-Q on SEC EDGAR.