Filing Flows › CubeSmart (CUBE) › Q1 2026 › vs Q4 2025
CubeSmart (CUBE) Q1 2026 vs Q4 2025 (quarter over quarter)
CubeSmart's revenue fell $762K (-0.3%) from $283M in Q4 2025 to $282M in Q1 2026. Operating margin 40.2% against 39.3% (+0.9 pts).
CubeSmart, Q1 2026: revenue $282M (+3% year over year), operating margin 40.2%, net earnings $82.9M, operating cash flow $149M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 40.2% | 39.3% | +0.9 pts |
| Net margin | 29.4% | 27.8% | +1.6 pts |
| Free cash flow margin | 49.2% | 47.4% | +1.8 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $282M | $283M | −$762K | -0.3% |
| Operating profit | $113M | $111M | $2.1M | +2% |
| Costs & expenses | $169M | $172M | −$2.9M | -2% |
| Pre-tax earnings | $82.8M | $77.7M | $5.0M | +6% |
| Other expense, net | $30.5M | $33.4M | −$2.9M | -9% |
| Cost of revenue | $90.1M | $88.6M | $1.5M | +2% |
| General & admin | $17.2M | $17.2M | $5K | 0% |
| Other operating costs | $61.4M | $65.8M | −$4.4M | -7% |
| Loss borne by minority interests | $137K | $971K | −$834K | -86% |
| Net earnings | $82.9M | $78.7M | $4.2M | +5% |
| Depreciation & amortization | $62.5M | $67.1M | −$4.6M | -7% |
| Share-based compensation | $3.3M | $2.9M | $341K | +12% |
| Working capital & other | $162K | −$12.2M | $12.4M | — |
| Operating cash flow | $149M | $136M | $12.3M | +9% |
| Free cash flow (OCF − capex) | $139M | $134M | $4.8M | +4% |
| Capital expenditures | $10.0M | $2.5M | $7.5M | +297% |
Questions
How much did CubeSmart's revenue grow quarter over quarter in Q1 2026?
CubeSmart's revenue fell $762K (-0.3%) from $283M in Q4 2025 to $282M in Q1 2026. Operating margin 40.2% against 39.3% (+0.9 pts).