Filing Flows › Copt Defense Properties (CDP) › Q2 2026
Copt Defense Properties (CDP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Copt Defense Properties (CDP) reported revenue of $197M for the second quarter 2026 (Q2 2026), +4% from a year earlier and -2% from the quarter before. Operating margin was 32.0%, net earnings $46.2M (23.4% of revenue).
Copt Defense Properties, Q2 2026: revenue $197M (+4% year over year), operating margin 32.0%, net earnings $46.2M, operating cash flow $91.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | -2% | +4% |
| Operating profit | $63.2M | +8% | +6% |
| Net earnings | $46.2M | +20% | +21% |
| Operating cash flow | $91.1M | -6% | +4% |
| Free cash flow | $44.0M | +24% | +49% |
What changed
Revenue was $197.4M in Q2 2026, up 4% year over year and down 2% from the previous quarter.
Operating profit was $63.2M, a 32.0% margin (up 0.6 points year over year). Of the extra revenue versus Q2 2025, 48% reached operating profit, above the 31% margin then. Total costs grew 3% against revenue growth of 4%. The fastest-growing cost line was SG&A (+11%). Net earnings were $46.2M, up 21% year over year. The effective tax rate was 0.1%.
Operating cash flow was $91.1M (up 4% year over year), 188% of net income including minority interests. Non-cash charges added back $42.8M of depreciation and amortization and $3.4M of share-based compensation. Capital expenditures of $47.1M left free cash flow of $44.0M.
Questions
What was Copt Defense Properties' revenue in the second quarter 2026?
Copt Defense Properties (CDP) reported revenue of $197M for the second quarter 2026 (Q2 2026), +4% from a year earlier and -2% from the quarter before.
Was Copt Defense Properties profitable in the second quarter 2026?
Operating profit was $63.2M (32.0% of revenue) and net earnings $46.2M.