Filing Flows › Traeger (COOK) › Q1 2026
Traeger (COOK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Traeger (COOK) reported revenue of $94.1M for the first quarter 2026 (Q1 2026), -34% from a year earlier and -35% from the quarter before. Operating margin was -1.1%, net earnings $2.9M (3.1% of revenue).
Traeger, Q1 2026: revenue $94.1M (-34% year over year), operating margin -1.1%, net earnings $2.9M, operating cash flow $17.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.1M | -35% | -34% |
| Operating profit | −$1.0M | — | -130% |
| Net earnings | $2.9M | — | — |
| Operating cash flow | $17.9M | +15% | — |
| Free cash flow | $14.5M | — | — |
What changed
Revenue was $94.1M in Q1 2026, down 34% year over year and down 35% from the previous quarter. Grills was the largest line at 50% of revenue. Grills lost $39.3M year over year (down 45%), 80% of the total change.
Gross margin was 45.7%, up 4.2 points from Q1 2025. Operating costs exceeded revenue by $1.0M, an operating margin of -1.1%. Operating expenses fell 21% while revenue fell 34%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $2.9M. The effective tax rate was -10.4%. Non-operating items added $3.7M, 139% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $17.9M, 611% of net earnings. Non-cash charges added back $8.8M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $4.4M. After purchase of property, plant, and equipment ($3.4M), free cash flow as the company reports it was $14.5M.
Questions
What was Traeger's revenue in the first quarter 2026?
Traeger (COOK) reported revenue of $94.1M for the first quarter 2026 (Q1 2026), -34% from a year earlier and -35% from the quarter before.
Was Traeger profitable in the first quarter 2026?
Operating loss was $1.0M (-1.1% of revenue) and net earnings $2.9M.
Source: Traeger 10-Q on SEC EDGAR.