Filing Flows › Carriage Services (CSV) › Q1 2026
Carriage Services (CSV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Carriage Services (CSV) reported revenue of $106M for the first quarter 2026 (Q1 2026), -0.9% from a year earlier and +0.6% from the quarter before. Operating margin was 23.8%, net earnings $13.5M (12.7% of revenue).
Carriage Services, Q1 2026: revenue $106M (-0.9% year over year), operating margin 23.8%, net earnings $13.5M, operating cash flow $14.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | +0.6% | -0.9% |
| Gross profit | $38.6M | +5% | +2% |
| Operating profit | $25.3M | +3% | -20% |
| Net earnings | $13.5M | +10% | -36% |
| Operating cash flow | $14.9M | +5% | +8% |
| Free cash flow | $11.0M | — | +4% |
What changed
Revenue was $106.1M in Q1 2026, down 1% year over year and up 1% from the previous quarter. Service revenue was the largest line at 48% of revenue. Service revenue lost $2.1M year over year (down 4%), 220% of the total change.
Gross margin was 36.4%, up 1.1 points from Q1 2025. Operating profit was $25.3M, a 23.8% margin (down 5.7 points year over year). Operating expenses grew 113% against a revenue fall of 1%. Net earnings were $13.5M, down 36% year over year. The effective tax rate was 26.7%.
Operating cash flow was $14.9M (up 8% year over year), 110% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $6.6M. After cash used for capital expenditures ($3.9M), free cash flow as the company reports it was $11.0M.
Questions
What was Carriage Services' revenue in the first quarter 2026?
Carriage Services (CSV) reported revenue of $106M for the first quarter 2026 (Q1 2026), -0.9% from a year earlier and +0.6% from the quarter before.
Was Carriage Services profitable in the first quarter 2026?
Operating profit was $25.3M (23.8% of revenue) and net earnings $13.5M.
Source: Carriage Services 10-Q on SEC EDGAR.