Filing Flows › Forestar Group (FOR) › Q1 FY26
Forestar Group (FOR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 22, 2026
Forestar Group (FOR) reported revenue of $273M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -59% from the quarter before. Operating margin was 7.6%, net earnings $15.4M (5.6% of revenue).
Forestar Group, Q1 FY26: revenue $273M (+9% year over year), operating margin 7.6%, net earnings $15.4M, operating cash flow −$157M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $273M | -59% | +9% |
| Operating profit | $20.8M | -82% | -5% |
| Net earnings | $15.4M | -82% | -7% |
| Operating cash flow | −$157M | -161% | — |
What changed
Revenue was $273.0M in Q1 FY26, up 9% year over year and down 59% from the previous quarter.
Operating profit was $20.8M, a 7.6% margin (down 1.1 points year over year). Operating profit fell $1.1M even though revenue rose $22.6M versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 9%. Net earnings were $15.4M, down 7% year over year. The effective tax rate was 26.0%.
Operating cash flow was −$157.0M. Non-cash charges added back $900K of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $176.4M. Capital expenditures of $304.6M exceeded it, leaving free cash flow of −$461.6M.
Questions
What was Forestar Group's revenue in the first quarter fiscal 2026?
Forestar Group (FOR) reported revenue of $273M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -59% from the quarter before.
Was Forestar Group profitable in the first quarter fiscal 2026?
Operating profit was $20.8M (7.6% of revenue) and net earnings $15.4M.
Source: Forestar Group 10-Q on SEC EDGAR.