Filing Flows › FRP Holdings (FRPH) › Q1 2026
FRP Holdings (FRPH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
FRP Holdings (FRPH) reported revenue of $10.6M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -3% from the quarter before. Operating margin was 4.8%, net loss $921K (8.7% of revenue).
FRP Holdings, Q1 2026: revenue $10.6M (+3% year over year), operating margin 4.8%, net loss $921K, operating cash flow $9.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | -3% | +3% |
| Operating profit | $512K | -70% | -78% |
| Net earnings | −$921K | -342% | -154% |
| Operating cash flow | $9.7M | +15% | +115% |
What changed
Revenue was $10.6M in Q1 2026, up 3% year over year and down 3% from the previous quarter.
Operating profit was $512K, a 4.8% margin (down 17.7 points year over year). Operating profit fell $1.8M even though revenue rose $288K versus Q1 2025, so costs grew faster than sales. Total costs grew 26% against revenue growth of 3%. The fastest-growing cost line was General & admin (+59%). The quarter ended with a net loss of $921K, after a profit of $139K the previous quarter. Minority interests bore $234K of it: to shareholders the quarter was a loss of $687K. Net interest and other expense of $1.6M was the main reason.
Operating cash flow was $9.7M (up 115% year over year). Non-cash charges added back $3.0M of depreciation and amortization and $368K of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $13.4M exceeded it, leaving free cash flow of −$3.8M.
Questions
What was FRP Holdings' revenue in the first quarter 2026?
FRP Holdings (FRPH) reported revenue of $10.6M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -3% from the quarter before.
Was FRP Holdings profitable in the first quarter 2026?
Operating profit was $512K (4.8% of revenue) and net loss $921K.
Source: FRP Holdings 10-Q on SEC EDGAR.