Filing Flows › Franklin Street Properties (FSP) › Q1 2026
Franklin Street Properties (FSP) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Franklin Street Properties (FSP) reported revenue of $26.2M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +0.7% from the quarter before. Operating margin was -31.9%, net loss $9.5M (36.3% of revenue).
Franklin Street Properties, Q1 2026: revenue $26.2M (-3% year over year), operating margin -31.9%, net loss $9.5M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.2M | +0.7% | -3% |
| Operating profit | −$8.4M | — | — |
| Net earnings | −$9.5M | — | — |
| Operating cash flow | −$5.2M | -234% | — |
What changed
Revenue was $26.2M in Q1 2026, down 3% year over year and up 1% from the previous quarter.
Operating costs exceeded revenue by $8.4M, an operating margin of -31.9%. Total costs fell 2% while revenue fell 3%. The quarter ended with a net loss of $9.5M, wider than the previous quarter's $7.3M loss.
Operating cash flow was −$5.2M. Non-cash charges added back $11.6M of depreciation and amortization. Working capital and other items used $7.2M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$7.8M.
Questions
What was Franklin Street Properties' revenue in the first quarter 2026?
Franklin Street Properties (FSP) reported revenue of $26.2M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +0.7% from the quarter before.
Was Franklin Street Properties profitable in the first quarter 2026?
Operating loss was $8.4M (-31.9% of revenue) and net loss $9.5M.