Filing Flows › Carlyle Group (CG) › Q1 2026
Carlyle Group (CG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Carlyle Group (CG) reported revenue of $254M for the first quarter 2026 (Q1 2026), -74% from a year earlier and -87% from the quarter before. Operating margin was -45.1%, net loss $142M (55.9% of revenue).
Carlyle Group, Q1 2026: revenue $254M (-74% year over year), operating margin -45.1%, net loss $142M, operating cash flow −$1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $254M | -87% | -74% |
| Operating profit | −$115M | -122% | -169% |
| Net earnings | −$142M | -140% | -209% |
| Operating cash flow | −$1.2B | — | — |
What changed
Revenue was $254.0M in Q1 2026, down 74% year over year and down 87% from the previous quarter.
Operating costs exceeded revenue by $114.6M, an operating margin of -45.1%. Total costs fell 54% while revenue fell 74%. The quarter ended with a net loss of $141.9M, after a profit of $345.5M the previous quarter. Minority interests bore $9.7M of it: to shareholders the quarter was a loss of $132.2M.
Operating cash flow was −$1,242.4M. Non-cash charges added back $50.5M of depreciation and amortization and $119.8M of share-based compensation. Working capital and other items used $1,270.8M. Capital expenditures of $28.1M exceeded it, leaving free cash flow of −$1,270.5M.
Questions
What was Carlyle Group's revenue in the first quarter 2026?
Carlyle Group (CG) reported revenue of $254M for the first quarter 2026 (Q1 2026), -74% from a year earlier and -87% from the quarter before.
Was Carlyle Group profitable in the first quarter 2026?
Operating loss was $115M (-45.1% of revenue) and net loss $142M.
Source: Carlyle Group 10-Q on SEC EDGAR.