Filing Flows › Crocs (CROX) › Q1 2026
Crocs (CROX) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Crocs (CROX) reported revenue of $921M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -4% from the quarter before. Operating margin was 21.8%, net earnings $138M (14.9% of revenue).
Crocs, Q1 2026: revenue $921M (-2% year over year), operating margin 21.8%, net earnings $138M, operating cash flow −$80.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $921M | -4% | -2% |
| Gross profit | $523M | -0.1% | -3% |
| Operating profit | $201M | +37% | -10% |
| Net earnings | $138M | +31% | -14% |
| Operating cash flow | −$80.9M | -132% | — |
What changed
Revenue was $921.5M in Q1 2026, down 2% year over year and down 4% from the previous quarter. Crocs Brand was the largest line at 83% of revenue. HEYDUDE Brand lost $21.7M year over year (down 12%), 137% of the total change.
Gross margin was 56.8%, down 1.0 points from Q1 2025. Operating profit was $200.8M, a 21.8% margin (down 2.0 points year over year). Operating expenses grew 1% against a revenue fall of 2%. Net earnings were $137.6M, down 14% year over year. The effective tax rate was 23.1%.
Operating cash flow was −$80.9M. Non-cash charges added back $20.2M of depreciation and amortization and $10.6M of share-based compensation. Working capital and other items used $249.3M. Capital expenditures of $18.0M exceeded it, leaving free cash flow of −$98.9M.
Questions
What was Crocs' revenue in the first quarter 2026?
Crocs (CROX) reported revenue of $921M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -4% from the quarter before.
Was Crocs profitable in the first quarter 2026?
Operating profit was $201M (21.8% of revenue) and net earnings $138M.
Source: Crocs 10-Q on SEC EDGAR.