Filing Flows › Citizens Financial Services (CZFS) › Q1 2026
Citizens Financial Services (CZFS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Citizens Financial Services (CZFS) reported revenue of $29.8M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +0.7% from the quarter before. Operating margin was 42.6%, net earnings $10.4M (34.8% of revenue).
Citizens Financial Services, Q1 2026: revenue $29.8M (+13% year over year), operating margin 42.6%, net earnings $10.4M, operating cash flow $18.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.8M | +0.7% | +13% |
| Operating profit | $12.7M | -3% | +35% |
| Net earnings | $10.4M | -1% | +36% |
| Operating cash flow | $18.0M | +8% | +65% |
| Free cash flow | $17.9M | +7% | +73% |
What changed
Revenue was $29.8M in Q1 2026, up 13% year over year and up 1% from the previous quarter.
Operating profit was $12.7M, a 42.6% margin (up 7.0 points year over year). Of the extra revenue versus Q1 2025, 97% reached operating profit, above the 36% margin then. Total costs grew 1% against revenue growth of 13%. Net earnings were $10.4M, up 36% year over year. The effective tax rate was 18.3%.
Operating cash flow was $18.0M (up 65% year over year), 174% of net earnings. Non-cash charges added back $470K of depreciation and amortization. Working capital and other items added $7.2M. Capital expenditures of $125K left free cash flow of $17.9M.
Questions
What was Citizens Financial Services' revenue in the first quarter 2026?
Citizens Financial Services (CZFS) reported revenue of $29.8M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +0.7% from the quarter before.
Was Citizens Financial Services profitable in the first quarter 2026?
Operating profit was $12.7M (42.6% of revenue) and net earnings $10.4M.