Filing Flows › Broadstone Net Lease (BNL) › Q2 2026
Broadstone Net Lease (BNL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Broadstone Net Lease (BNL) reported revenue of $122M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +0.7% from the quarter before. Operating margin was 42.5%, net earnings $39.8M (32.5% of revenue).
Broadstone Net Lease, Q2 2026: revenue $122M (+8% year over year), operating margin 42.5%, net earnings $39.8M, operating cash flow $58.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | +0.7% | +8% |
| Operating profit | $51.9M | -18% | +18% |
| Net earnings | $39.8M | -14% | +97% |
| Operating cash flow | $58.2M | -24% | -27% |
| Free cash flow | $46.4M | -38% | -40% |
What changed
Revenue was $122.3M in Q2 2026, up 8% year over year and up 1% from the previous quarter.
Operating profit was $51.9M, a 42.5% margin (up 3.6 points year over year). Of the extra revenue versus Q2 2025, 86% reached operating profit, above the 39% margin then. Total costs grew 2% against revenue growth of 8%. The fastest-growing cost line was General & admin (+24%). Net earnings were $39.8M, up 97% year over year. The effective tax rate was 0.9%.
Operating cash flow was $58.2M (down 27% year over year), 145% of net earnings. Non-cash charges added back $48.1M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $33.0M. Capital expenditures of $11.8M left free cash flow of $46.4M.
Questions
What was Broadstone Net Lease's revenue in the second quarter 2026?
Broadstone Net Lease (BNL) reported revenue of $122M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +0.7% from the quarter before.
Was Broadstone Net Lease profitable in the second quarter 2026?
Operating profit was $51.9M (42.5% of revenue) and net earnings $39.8M.