Filing Flows › Target Group (CBDY) › Q1 2026
Target Group (CBDY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Target Group (CBDY) reported revenue of $879K for the first quarter 2026 (Q1 2026), -37% from a year earlier and +20% from the quarter before. Operating margin was -62.6%, net loss $550K (62.6% of revenue).
Target Group, Q1 2026: revenue $879K (-37% year over year), operating margin -62.6%, net loss $550K, operating cash flow −$94K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $879K | +20% | -37% |
| Operating profit | −$550K | — | — |
| Net earnings | −$550K | — | — |
| Operating cash flow | −$94K | — | — |
What changed
Revenue was $879K in Q1 2026, down 37% year over year and up 20% from the previous quarter.
Gross margin was 21.8%, down 33.2 points from Q1 2025. Operating costs exceeded revenue by $550K, an operating margin of -62.6%. Operating expenses fell 16% while revenue fell 37%. The quarter ended with a net loss of $550K, narrower than the previous quarter's $552K loss.
Operating cash flow was −$94K. Non-cash charges added back $230K of depreciation. Working capital and other items added $227K.
Questions
What was Target Group's revenue in the first quarter 2026?
Target Group (CBDY) reported revenue of $879K for the first quarter 2026 (Q1 2026), -37% from a year earlier and +20% from the quarter before.
Was Target Group profitable in the first quarter 2026?
Operating loss was $550K (-62.6% of revenue) and net loss $550K.
Source: Target Group 10-Q on SEC EDGAR.