Filing Flows › Cooper-Standard Holdings (CPS) › Q1 2026
Cooper-Standard Holdings (CPS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Cooper-Standard Holdings (CPS) reported revenue of $686M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +2% from the quarter before. Operating margin was 3.5%, net loss $33.3M (4.8% of revenue).
Cooper-Standard Holdings, Q1 2026: revenue $686M (+3% year over year), operating margin 3.5%, net loss $33.3M, operating cash flow −$69.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $686M | +2% | +3% |
| Operating profit | $24.1M | 40× | +8% |
| Net earnings | −$33.3M | -1147% | -2177% |
| Operating cash flow | −$69.2M | -223% | — |
What changed
Revenue was $686.4M in Q1 2026, up 3% year over year and up 2% from the previous quarter. Sealing systems was the largest line at 51% of revenue. Fluid Handling Systems added $13.9M year over year (up 5%), 72% of the total change.
Gross margin was 12.0%, up 0.4 points from Q1 2025. Operating profit was $24.1M, a 3.5% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, above the 3% margin then. Operating expenses grew 6% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+57%). The quarter ended with a net loss of $33.3M, after a profit of $3.2M the previous quarter. Net interest and other expense of $53.1M was the main reason.
Operating cash flow was −$69.2M. Non-cash charges added back $23.0M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $61.5M. Capital expenditures of $24.0M exceeded it, leaving free cash flow of −$93.2M.
Questions
What was Cooper-Standard Holdings' revenue in the first quarter 2026?
Cooper-Standard Holdings (CPS) reported revenue of $686M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +2% from the quarter before.
Was Cooper-Standard Holdings profitable in the first quarter 2026?
Operating profit was $24.1M (3.5% of revenue) and net loss $33.3M.