Filing Flows › Copt Defense Properties (CDP) › Q1 2026
Copt Defense Properties (CDP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Copt Defense Properties (CDP) reported revenue of $201M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +2% from the quarter before. Operating margin was 29.1%, net earnings $38.4M (19.1% of revenue).
Copt Defense Properties, Q1 2026: revenue $201M (+7% year over year), operating margin 29.1%, net earnings $38.4M, operating cash flow $96.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $201M | +2% | +7% |
| Operating profit | $58.3M | 0% | +7% |
| Net earnings | $38.4M | +3% | +11% |
| Operating cash flow | $96.4M | +19% | +34% |
| Free cash flow | $35.6M | -0.9% | -4% |
What changed
Revenue was $200.6M in Q1 2026, up 7% year over year and up 2% from the previous quarter.
Operating profit was $58.3M, a 29.1% margin (unchanged year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, above the 29% margin then. Total costs grew 7% against revenue growth of 7%. Net earnings were $38.4M, up 11% year over year. The effective tax rate was 0.3%.
Operating cash flow was $96.4M (up 34% year over year), 240% of net income including minority interests. Non-cash charges added back $43.1M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $10.0M. Capital expenditures of $60.8M left free cash flow of $35.6M.
Questions
What was Copt Defense Properties' revenue in the first quarter 2026?
Copt Defense Properties (CDP) reported revenue of $201M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +2% from the quarter before.
Was Copt Defense Properties profitable in the first quarter 2026?
Operating profit was $58.3M (29.1% of revenue) and net earnings $38.4M.