Filing Flows › Consumer Discretionary › Traeger (COOK)
Traeger (COOK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Traeger (COOK) Q3 2026 earnings results →
Q3 2026 Revenue down 40% year over year to $74.7M · 38¢ of every $1 of revenue lost · operating margin -26.5%
Traeger made $74.7M in Q3 2026 (-40% Y/Y): Grills $39.7M, Consumables $19.4M, Accessories $15.5M. Operating margin -26.5%, net loss $28.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $74.7M in Q3 2026, down 40% year over year and down 38% from the previous quarter. Grills was the largest line at 53% of revenue. Grills lost $36.8M year over year (down 48%), 73% of the total change.
Gross margin was 33.5%, down 5.2 points from Q3 2025. Operating costs exceeded revenue by $19.8M, an operating margin of -26.5%. Operating expenses fell 66% while revenue fell 40%. The quarter ended with a net loss of $28.5M, wider than the previous quarter's $8.6M loss.
Operating cash flow was $9.8M (up 30% year over year). Non-cash charges added back $8.8M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $26.5M. After purchase of property, plant, and equipment ($1.4M), free cash flow as the company reports it was $8.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $74.7M | -40% | -26.5% | −$28.5M | $9.8M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $120M | -17% | -1.4% | −$8.6M | $27.1M |
| Q1 2026 | 10-Q | May 11, 2026 | $94.1M | -34% | -1.1% | $2.9M | $17.9M |
| Q4 2025 | 10-K | Mar 6, 2026 | $145M | -14% | -8.0% | −$17.2M | $15.5M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $125M | +3% | -66.5% | −$89.8M | $7.6M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $145M | -14% | -4.2% | −$7.4M | $18.3M |
| Q1 2025 | 10-Q | May 2, 2025 | $143M | -1% | 2.4% | −$778K | −$20.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Traeger
Traeger is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. Our Traeger grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with a wood-fired flavor that cannot be replicated with gas, charcoal, or electric grills. At the heart of our brand is a passionate and engaged community called the Traegerhood, which includes everyone from casual grillers to competition pitmasters and professional chefs. Our flagship wood pellet grills are internet of things ( “ IoT”) devices that allow owners to program, monitor, and control their grill through our Traeger app, which engaged 2.8 million active users for the fiscal year ended December 31, 2025.
In its own words, from its 10-K, filed Mar 6, 2026.
Traeger against its Household Appliances peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -40% against the peers' median -0.2%. Operating margin: -26.5% against the peers' median 0.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| COOK Traeger | Q3 2026 | $74.7M | -40% | -26.5% |
| WHR Whirlpool | Q3 2026 | $3.7B | -9% | 0.1% |
| SN SharkNinja | Q3 2026 | $2.0B | +21% | 22.4% |
| AOS Smith A O | Q3 2026 | $940M | -0.2% | 18.5% |
| TKLS Trutankless | Q2 2026 | $539K | +470% | -423.8% |
Source: Traeger 10-Q on SEC EDGAR · CIK 1857853 · Household Appliances
Guidance and outlook
13F: who owns COOK and who is buying
More on COOK
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results