Filing Flows › Cadre Holdings (CDRE) › Q1 2026
Cadre Holdings (CDRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Cadre Holdings (CDRE) reported revenue of $155M for the first quarter 2026 (Q1 2026), +19% from a year earlier and -7% from the quarter before. Operating margin was 4.8%, net earnings $2.0M (1.3% of revenue).
Cadre Holdings, Q1 2026: revenue $155M (+20% year over year), operating margin 4.8%, net earnings $2.0M, operating cash flow $22.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155M | -7% | +19% |
| Gross profit | $60.2M | -17% | +7% |
| Operating profit | $7.5M | -63% | -45% |
| Net earnings | $2.0M | -83% | -79% |
| Operating cash flow | $22.5M | +6% | +29% |
| Free cash flow | $19.8M | +10% | +23% |
What changed
Revenue was $155.4M in Q1 2026, up 19% year over year and down 7% from the previous quarter.
Gross margin was 38.7%, down 4.4 points from Q1 2025. Operating profit was $7.5M, a 4.8% margin (down 5.6 points year over year). Operating profit fell $6.1M even though revenue rose $25.3M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+365%). Net earnings were $2.0M, down 79% year over year. The effective tax rate was 30.2%.
Operating cash flow was $22.5M (up 29% year over year), 1140% of net earnings. Non-cash charges added back $5.7M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $12.9M. Capital expenditures of $2.7M left free cash flow of $19.8M.
Questions
What was Cadre Holdings' revenue in the first quarter 2026?
Cadre Holdings (CDRE) reported revenue of $155M for the first quarter 2026 (Q1 2026), +19% from a year earlier and -7% from the quarter before.
Was Cadre Holdings profitable in the first quarter 2026?
Operating profit was $7.5M (4.8% of revenue) and net earnings $2.0M.
Source: Cadre Holdings 10-Q on SEC EDGAR.