Filing Flows › Columbia Sportswear (COLM) › Q1 2026
Columbia Sportswear (COLM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Columbia Sportswear (COLM) reported revenue of $779M for the first quarter 2026 (Q1 2026), +0.1% from a year earlier and -27% from the quarter before. Operating margin was 5.4%, net earnings $34.3M (4.4% of revenue).
Columbia Sportswear, Q1 2026: revenue $779M (+0.1% year over year), operating margin 5.4%, net earnings $34.3M, operating cash flow −$77.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $779M | -27% | +0.1% |
| Gross profit | $395M | -28% | -0.3% |
| Operating profit | $42.0M | -64% | -10% |
| Net earnings | $34.3M | -63% | -19% |
| Operating cash flow | −$77.5M | -113% | — |
What changed
Revenue was $779.0M in Q1 2026, roughly flat year over year and down 27% from the previous quarter. Apparel, Accessories and Equipment was the largest line at 80% of revenue. Footwear added $6.3M year over year (up 4%), 1121% of the total change. Apparel, Accessories and Equipment declined 1%.
Gross margin was 50.7%, down 0.2 points from Q1 2025. Operating profit was $42.0M, a 5.4% margin (down 0.6 points year over year). Operating profit fell $4.5M even though revenue rose $561K versus Q1 2025, so costs grew faster than sales. Operating expenses grew 1% against flat revenue. Net earnings were $34.3M, down 19% year over year. The effective tax rate was 27.4%.
Operating cash flow was −$77.5M. Non-cash charges added back $13.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $132.2M. Capital expenditures of $12.4M exceeded it, leaving free cash flow of −$90.0M.
Questions
What was Columbia Sportswear's revenue in the first quarter 2026?
Columbia Sportswear (COLM) reported revenue of $779M for the first quarter 2026 (Q1 2026), +0.1% from a year earlier and -27% from the quarter before.
Was Columbia Sportswear profitable in the first quarter 2026?
Operating profit was $42.0M (5.4% of revenue) and net earnings $34.3M.