Filing Flows › Canterbury Park Holding (CPHC) › Q1 2026
Canterbury Park Holding (CPHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Canterbury Park Holding (CPHC) reported revenue of $13.5M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +9% from the quarter before. Operating margin was 7.8%, net earnings $170K (1.3% of revenue).
Canterbury Park Holding, Q1 2026: revenue $13.5M (+3% year over year), operating margin 7.8%, net earnings $170K, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.5M | +9% | +3% |
| Operating profit | $1.1M | +221% | +62% |
| Net earnings | $170K | — | — |
| Operating cash flow | $3.2M | — | -4% |
| Free cash flow | $2.6M | — | +4% |
What changed
Revenue was $13.5M in Q1 2026, up 3% year over year and up 9% from the previous quarter. Casino was the largest line at 68% of revenue. Food and Beverage added $224K year over year (up 14%), 61% of the total change. Pari-mutuel declined 6%.
Operating profit was $1.1M, a 7.8% margin (up 2.9 points year over year). Of the extra revenue versus Q1 2025, 110% reached operating profit, above the 5% margin then. Total costs fell 0% while revenue rose 3%. Net earnings were $170K. The effective tax rate was 51.5%.
Operating cash flow was $3.2M (down 4% year over year), 1908% of net earnings. Non-cash charges added back $1.0M of depreciation and $172K of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $635K left free cash flow of $2.6M.
Questions
What was Canterbury Park Holding's revenue in the first quarter 2026?
Canterbury Park Holding (CPHC) reported revenue of $13.5M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +9% from the quarter before.
Was Canterbury Park Holding profitable in the first quarter 2026?
Operating profit was $1.1M (7.8% of revenue) and net earnings $170K.