Filing Flows › Culp (CULP) › Q1 2026
Culp (CULP) Q1 2026 earnings results (first quarter 2026)
10-Q filed Mar 13, 2026
Culp (CULP) reported revenue of $48.0M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -10% from the quarter before. Operating margin was -7.8%, net loss $3.4M (7.2% of revenue).
Culp, Q1 2026: revenue $48.0M (-8% year over year), operating margin -7.8%, net loss $3.4M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.0M | -10% | -8% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $48.0M in Q1 2026, down 8% year over year and down 10% from the previous quarter. Bedding Fabrics was the largest line at 57% of revenue. Upholstery lost $2.9M year over year (down 12%), 68% of the total change.
Gross margin was 11.1%, down 1.0 points from Q1 2025. Operating costs exceeded revenue by $3.7M, an operating margin of -7.8%. Operating expenses fell 12% while revenue fell 8%. The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $4.3M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $1.0M of depreciation and $129K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $224K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Culp's revenue in the first quarter 2026?
Culp (CULP) reported revenue of $48.0M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -10% from the quarter before.
Was Culp profitable in the first quarter 2026?
Operating loss was $3.7M (-7.8% of revenue) and net loss $3.4M.
Source: Culp 10-Q on SEC EDGAR.