Filing Flows › First Capital (FCAP) › Q1 2026
First Capital (FCAP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
First Capital (FCAP) reported revenue of $13.5M for the first quarter 2026 (Q1 2026), +18% from a year earlier and -0.2% from the quarter before. Operating margin was 39.8%, net earnings $4.3M (32.2% of revenue).
First Capital, Q1 2026: revenue $13.5M (+18% year over year), operating margin 39.8%, net earnings $4.3M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.5M | -0.2% | +18% |
| Operating profit | $5.4M | -8% | +37% |
| Net earnings | $4.3M | -11% | +34% |
| Operating cash flow | $6.3M | +21% | +45% |
| Free cash flow | $5.9M | +29% | +40% |
What changed
Revenue was $13.5M in Q1 2026, up 18% year over year and roughly flat from the previous quarter.
Operating profit was $5.4M, a 39.8% margin (up 5.6 points year over year). Of the extra revenue versus Q1 2025, 71% reached operating profit, above the 34% margin then. Total costs grew 8% against revenue growth of 18%. Net earnings were $4.3M, up 34% year over year. The effective tax rate was 19.2%.
Operating cash flow was $6.3M (up 45% year over year), 146% of net earnings. Non-cash charges added back $279K of depreciation and amortization and $20K of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $489K left free cash flow of $5.9M.
Questions
What was First Capital's revenue in the first quarter 2026?
First Capital (FCAP) reported revenue of $13.5M for the first quarter 2026 (Q1 2026), +18% from a year earlier and -0.2% from the quarter before.
Was First Capital profitable in the first quarter 2026?
Operating profit was $5.4M (39.8% of revenue) and net earnings $4.3M.
Source: First Capital 10-Q on SEC EDGAR.