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Farmland Partners (FPI) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 29, 2026

Farmland Partners (FPI) reported revenue of $9.8M for the third quarter 2026 (Q3 2026), -13% from a year earlier and +4% from the quarter before. Operating margin was -158.8%, net loss $15.5M (158.7% of revenue).

Revenue$9.8M
Year over year-13%
Quarter over quarter+4%
Operating margin-158.8%
Net earnings−$15.5M

Farmland Partners, Q3 2026: revenue $9.8M (-13% year over year), operating margin -158.8%, net loss $15.5M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$9.8M+4%-13%
Operating profit−$15.5M-592%-3314%
Net earnings−$15.5M-599%-3312%
Operating cash flow−$2.3M——

What changed

Revenue was $9.8M in Q3 2026, down 13% year over year and up 4% from the previous quarter.

Operating costs exceeded revenue by $15.5M, an operating margin of -158.8%. Total costs grew 135% against a revenue fall of 13%. The fastest-growing cost line was Other operating costs (+179%). The quarter ended with a net loss of $15.5M, after a profit of $3.1M the previous quarter. Minority interests bore $105K of it: to shareholders the quarter was a loss of $15.4M.

Operating cash flow was −$2.3M. Non-cash charges added back $900K of depreciation and amortization and $468K of share-based compensation. Working capital and other items added $11.9M. Capital expenditures of −$117K exceeded it, leaving free cash flow of −$2.2M.

Questions

What was Farmland Partners' revenue in the third quarter 2026?

Farmland Partners (FPI) reported revenue of $9.8M for the third quarter 2026 (Q3 2026), -13% from a year earlier and +4% from the quarter before.

Was Farmland Partners profitable in the third quarter 2026?

Operating loss was $15.5M (-158.8% of revenue) and net loss $15.5M.

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Source: Farmland Partners 10-Q on SEC EDGAR.