Filing Flows › Casella Waste Systems (CWST) › Q1 2026
Casella Waste Systems (CWST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Casella Waste Systems (CWST) reported revenue of $457M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -3% from the quarter before. Operating margin was 1.1%, net loss $5.5M (1.2% of revenue).
Casella Waste Systems, Q1 2026: revenue $457M (+10% year over year), operating margin 1.1%, net loss $5.5M, operating cash flow $62.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $457M | -3% | +10% |
| Operating profit | $4.9M | -59% | +54% |
| Net earnings | −$5.5M | — | — |
| Operating cash flow | $62.3M | -36% | +24% |
| Free cash flow | $30.7M | — | +5% |
What changed
Revenue was $457.3M in Q1 2026, up 10% year over year and down 3% from the previous quarter. Collection was the largest line at 68% of revenue. Collection added $33.2M year over year (up 12%), 83% of the total change. Transportation declined 11%.
Operating profit was $4.9M, a 1.1% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 4% reached operating profit, above the 1% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $5.5M, wider than the previous quarter's $2.5M loss. Net interest and other expense of $13.7M was the main reason.
Operating cash flow was $62.3M (up 24% year over year). Non-cash charges added back $78.0M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $13.1M. After capital expenditures, net ($31.6M), adjusted free cash flow as the company reports it was $30.7M.
Questions
What was Casella Waste Systems' revenue in the first quarter 2026?
Casella Waste Systems (CWST) reported revenue of $457M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -3% from the quarter before.
Was Casella Waste Systems profitable in the first quarter 2026?
Operating profit was $4.9M (1.1% of revenue) and net loss $5.5M.