Filing Flows › DiamondRock Hospitality (DRH) › Q1 2026
DiamondRock Hospitality (DRH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
DiamondRock Hospitality (DRH) reported revenue of $258M for the first quarter 2026 (Q1 2026), +1% from a year earlier and -6% from the quarter before. Operating margin was 11.1%, net earnings $14.5M (5.6% of revenue).
DiamondRock Hospitality, Q1 2026: revenue $258M (+1% year over year), operating margin 11.1%, net earnings $14.5M, operating cash flow $21.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | -6% | +1% |
| Operating profit | $28.6M | -25% | +16% |
| Net earnings | $14.5M | -45% | +22% |
| Operating cash flow | $21.9M | -68% | -21% |
| Free cash flow | $1.1M | -98% | -45% |
What changed
Revenue was $258.2M in Q1 2026, up 1% year over year and down 6% from the previous quarter. Rooms was the largest line at 64% of revenue. Other added $2.0M year over year (up 8%), 61% of the total change.
Operating profit was $28.6M, a 11.1% margin (up 1.4 points year over year). Of the extra revenue versus Q1 2025, 116% reached operating profit, above the 10% margin then. Total costs fell 0% while revenue rose 1%. Net earnings were $14.5M, up 22% year over year. The effective tax rate was 0.3%.
Operating cash flow was $21.9M (down 21% year over year), 151% of net earnings. Non-cash charges added back $28.5M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $22.8M. Capital expenditures of $20.8M left free cash flow of $1.1M.
Questions
What was DiamondRock Hospitality's revenue in the first quarter 2026?
DiamondRock Hospitality (DRH) reported revenue of $258M for the first quarter 2026 (Q1 2026), +1% from a year earlier and -6% from the quarter before.
Was DiamondRock Hospitality profitable in the first quarter 2026?
Operating profit was $28.6M (11.1% of revenue) and net earnings $14.5M.