Filing Flows › Clipper Realty (CLPR) › Q1 2026
Clipper Realty (CLPR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Clipper Realty (CLPR) reported revenue of $38.1M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +3% from the quarter before. Operating margin was 11.5%, net loss $11.1M (29.2% of revenue).
Clipper Realty, Q1 2026: revenue $38.1M (-3% year over year), operating margin 11.5%, net loss $11.1M, operating cash flow $3.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.1M | +3% | -3% |
| Operating profit | $4.4M | -45% | — |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | $3.6M | -42% | -47% |
| Free cash flow | $1.2M | — | — |
What changed
Revenue was $38.1M in Q1 2026, down 3% year over year and up 3% from the previous quarter. Residential Rental was the largest line at 84% of revenue. Commercial Real Estate lost $4.0M year over year (down 39%), 312% of the total change.
Operating profit was $4.4M, a 11.5% margin (up 71.4 points year over year). Total costs fell 46% while revenue fell 3%. The quarter ended with a net loss of $11.1M, narrower than the previous quarter's $11.3M loss. Minority interests bore $6.9M of it: to shareholders the quarter was a loss of $4.2M. Net interest and other expense of $15.5M was the main reason.
Operating cash flow was $3.6M (down 47% year over year). Non-cash charges added back $8.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $5.6M. Capital expenditures of $2.4M left free cash flow of $1.2M.
Questions
What was Clipper Realty's revenue in the first quarter 2026?
Clipper Realty (CLPR) reported revenue of $38.1M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +3% from the quarter before.
Was Clipper Realty profitable in the first quarter 2026?
Operating profit was $4.4M (11.5% of revenue) and net loss $11.1M.
Source: Clipper Realty 10-Q on SEC EDGAR.