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How CubeSmart (CUBE) makes money
CubeSmart (CUBE) made $286M of revenue in the second quarter 2026 (Q2 2026), +1% from a year earlier. Of every dollar of revenue, 41¢ was left as operating profit, 31¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $286M | 100.0% |
| Operating profit | $117M | 41.0% |
| Net earnings | $89.6M | 31.3% |
| Operating cash flow | $144M | 50.4% |
| Free cash flow | $141M | 49.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $286M | +2% |
| Q1 2026 | $282M | +3% |
| Q4 2025 | $283M | +6% |
| Q3 2025 | $285M | +5% |
| Q2 2025 | $282M | +6% |
| Q1 2025 | $273M | +4% |
| Q4 2024 | $268M | +1% |
From CubeSmart's 10-Q filed Jul 31, 2026 (on EDGAR).
Questions
How does CubeSmart make money?
CubeSmart (CUBE) made $286M of revenue in the second quarter 2026 (Q2 2026), +1% from a year earlier. Of every dollar of revenue, 41¢ was left as operating profit, 31¢ was left as net earnings.
What is CubeSmart's profit margin?
Net earnings were $89.6M, 31.3% of revenue, in the second quarter 2026; the operating margin was 41.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.