Filing Flows › Balchem (BCPC) › Q1 2026
Balchem (BCPC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Balchem (BCPC) reported revenue of $271M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before. Operating margin was 20.5%, net earnings $40.3M (14.9% of revenue).
Balchem, Q1 2026: revenue $271M (+8% year over year), operating margin 20.5%, net earnings $40.3M, operating cash flow $40.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $271M | +3% | +8% |
| Gross profit | $101M | +8% | +15% |
| Operating profit | $55.6M | +6% | +9% |
| Net earnings | $40.3M | +3% | +9% |
| Operating cash flow | $40.1M | -40% | +10% |
| Free cash flow | $33.8M | — | +9% |
What changed
Revenue was $270.7M in Q1 2026, up 8% year over year and up 3% from the previous quarter. Product Sales Revenue was the largest line at 100% of revenue. Product Sales Revenue added $20.2M year over year (up 8%), 100% of the total change.
Gross margin was 37.3%, up 2.1 points from Q1 2025. Operating profit was $55.6M, a 20.5% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 23% reached operating profit, above the 20% margin then. Operating expenses grew 22% against revenue growth of 8%. The fastest-growing cost line was Research & development (+26%). Net earnings were $40.3M, up 9% year over year. The effective tax rate was 23.3%.
Operating cash flow was $40.1M (up 10% year over year), 99% of net earnings. Non-cash charges added back $12.5M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $18.1M. After capital expenditures and proceeds from the sale of assets ($6.2M), free cash flow as the company reports it was $33.8M.
Questions
What was Balchem's revenue in the first quarter 2026?
Balchem (BCPC) reported revenue of $271M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before.
Was Balchem profitable in the first quarter 2026?
Operating profit was $55.6M (20.5% of revenue) and net earnings $40.3M.
Source: Balchem 10-Q on SEC EDGAR.