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Cohen (COHN) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 4, 2026

Cohen (COHN) reported revenue of $57.9M for the first quarter 2026 (Q1 2026), +101% from a year earlier and -44% from the quarter before. Operating margin was 8.9%, net earnings $1.5M (2.6% of revenue).

Revenue$57.9M
Year over year+101%
Quarter over quarter-44%
Operating margin8.9%
Net earnings$1.5M

Cohen, Q1 2026: revenue $57.9M (+102% year over year), operating margin 8.9%, net earnings $1.5M, operating cash flow −$31.2M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$57.9M-44%+101%
Operating profit$5.1M-83%48×
Net earnings$1.5M-82%+353%
Operating cash flow−$31.2M——

What changed

Revenue was $57.9M in Q1 2026, up 101% year over year and down 44% from the previous quarter.

Operating profit was $5.1M, a 8.9% margin (up 8.5 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 0% margin then. Total costs grew 84% against revenue growth of 101%. Net earnings were $1.5M, up 353% year over year. The effective tax rate was -5.6%.

Operating cash flow was −$31.2M. Non-cash charges added back $203K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $36.2M. Capital expenditures of $328K exceeded it, leaving free cash flow of −$31.5M.

Questions

What was Cohen's revenue in the first quarter 2026?

Cohen (COHN) reported revenue of $57.9M for the first quarter 2026 (Q1 2026), +101% from a year earlier and -44% from the quarter before.

Was Cohen profitable in the first quarter 2026?

Operating profit was $5.1M (8.9% of revenue) and net earnings $1.5M.

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Source: Cohen 10-Q on SEC EDGAR.