Filing Flows › Exponent (EXPO) › Q1 2026
Exponent (EXPO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Exponent (EXPO) reported revenue of $166M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +13% from the quarter before. Operating margin was 24.9%, net earnings $29.6M (17.8% of revenue).
Exponent, Q1 2026: revenue $166M (+14% year over year), operating margin 24.9%, net earnings $29.6M, operating cash flow −$975K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $166M | +13% | +14% |
| Operating profit | $41.4M | +42% | -7% |
| Net earnings | $29.6M | +19% | +11% |
| Operating cash flow | −$975K | -102% | -113% |
What changed
Revenue was $166.3M in Q1 2026, up 14% year over year and up 13% from the previous quarter.
Operating profit was $41.4M, a 24.9% margin (down 5.7 points year over year). Operating profit fell $3.1M even though revenue rose $20.8M versus Q1 2025, so costs grew faster than sales. Total costs grew 24% against revenue growth of 14%. The fastest-growing cost line was General & admin (+24%). Net earnings were $29.6M, up 11% year over year. The effective tax rate was 30.2%.
Operating cash flow was −$1.0M. Non-cash charges added back $2.5M of depreciation and amortization and $9.1M of share-based compensation. Working capital and other items used $42.1M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Exponent's revenue in the first quarter 2026?
Exponent (EXPO) reported revenue of $166M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +13% from the quarter before.
Was Exponent profitable in the first quarter 2026?
Operating profit was $41.4M (24.9% of revenue) and net earnings $29.6M.
Source: Exponent 10-Q on SEC EDGAR.