Filing Flows › Farmland Partners (FPI) › Q1 2026
Farmland Partners (FPI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Farmland Partners (FPI) reported revenue of $10.1M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -51% from the quarter before. Operating margin was 6.5%, net earnings $640K (6.3% of revenue).
Farmland Partners, Q1 2026: revenue $10.1M (-2% year over year), operating margin 6.5%, net earnings $640K, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.1M | -51% | -1% |
| Operating profit | $653K | -97% | -69% |
| Net earnings | $640K | -97% | -69% |
| Operating cash flow | $8.2M | -46% | +29% |
| Free cash flow | $8.0M | -47% | +26% |
What changed
Revenue was $10.1M in Q1 2026, down 1% year over year and down 51% from the previous quarter.
Operating profit was $653K, a 6.5% margin (down 14.1 points year over year). Total costs grew 16% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $640K, down 69% year over year. The effective tax rate was 1.1%.
Operating cash flow was $8.2M (up 29% year over year), 1277% of net earnings. Non-cash charges added back $910K of depreciation and amortization and $468K of share-based compensation. Working capital and other items added $6.2M. Capital expenditures of $267K left free cash flow of $8.0M.
Questions
What was Farmland Partners' revenue in the first quarter 2026?
Farmland Partners (FPI) reported revenue of $10.1M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -51% from the quarter before.
Was Farmland Partners profitable in the first quarter 2026?
Operating profit was $653K (6.5% of revenue) and net earnings $640K.
Source: Farmland Partners 10-Q on SEC EDGAR.