Filing Flows › Comstock Holding Companies (CHCI) › Q1 2026
Comstock Holding Companies (CHCI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Comstock Holding Companies (CHCI) reported revenue of $17.4M for the first quarter 2026 (Q1 2026), +38% from a year earlier and -27% from the quarter before. Operating margin was 8.8%, net earnings $2.0M (11.4% of revenue).
Comstock Holding Companies, Q1 2026: revenue $17.4M (+38% year over year), operating margin 8.8%, net earnings $2.0M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.4M | -27% | +38% |
| Operating profit | $1.5M | -80% | -11% |
| Net earnings | $2.0M | -85% | +25% |
| Operating cash flow | −$5.8M | — | -1093% |
What changed
Revenue was $17.4M in Q1 2026, up 38% year over year and down 27% from the previous quarter.
Operating profit was $1.5M, a 8.8% margin (down 4.9 points year over year). Operating profit fell $197K even though revenue rose $4.8M versus Q1 2025, so costs grew faster than sales. Total costs grew 46% against revenue growth of 38%. The fastest-growing cost line was SG&A (+117%). Net earnings were $2.0M, up 25% year over year. The effective tax rate was 9.1%. Non-operating items added $648K, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.8M. Non-cash charges added back $72K of depreciation and amortization and $546K of share-based compensation. Working capital and other items used $8.4M.
Questions
What was Comstock Holding Companies' revenue in the first quarter 2026?
Comstock Holding Companies (CHCI) reported revenue of $17.4M for the first quarter 2026 (Q1 2026), +38% from a year earlier and -27% from the quarter before.
Was Comstock Holding Companies profitable in the first quarter 2026?
Operating profit was $1.5M (8.8% of revenue) and net earnings $2.0M.