Filing Flows › Crane NXT (CXT) › Q1 2026
Crane NXT (CXT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Crane NXT (CXT) reported revenue of $388M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -19% from the quarter before. Operating margin was 5.7%, net earnings $6.4M (1.7% of revenue).
Crane NXT, Q1 2026: revenue $388M (+17% year over year), operating margin 5.7%, net earnings $6.4M, operating cash flow −$14.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $388M | -19% | +17% |
| Operating profit | $22.2M | -72% | -40% |
| Net earnings | $6.4M | -87% | -71% |
| Operating cash flow | −$14.0M | -113% | — |
What changed
Revenue was $387.7M in Q1 2026, up 17% year over year and down 19% from the previous quarter. SAT was the largest line at 50% of revenue. DTT added $65.4M year over year (up 51%), 114% of the total change. SAT declined 4%.
Operating profit was $22.2M, a 5.7% margin (down 5.6 points year over year). Operating profit fell $15.1M even though revenue rose $57.4M versus Q1 2025, so costs grew faster than sales. Total costs grew 25% against revenue growth of 17%. The fastest-growing cost line was SG&A (+27%). Net earnings were $6.4M, down 71% year over year. The effective tax rate was 26.1%.
Operating cash flow was −$14.0M. Non-cash charges added back $29.7M of depreciation and amortization and $14.8M of share-based compensation. Working capital and other items used $65.3M. Capital expenditures of $10.1M exceeded it, leaving free cash flow of −$24.1M.
Questions
What was Crane NXT's revenue in the first quarter 2026?
Crane NXT (CXT) reported revenue of $388M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -19% from the quarter before.
Was Crane NXT profitable in the first quarter 2026?
Operating profit was $22.2M (5.7% of revenue) and net earnings $6.4M.
Source: Crane NXT 10-Q on SEC EDGAR.