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Greystone Housing Impact Investors LP (GHI) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 11, 2026

Greystone Housing Impact Investors LP (GHI) reported revenue of $21.8M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +45% from the quarter before. Operating margin was 18.5%, net earnings $1.3M (6.1% of revenue).

Revenue$21.8M
Year over year-10%
Quarter over quarter+45%
Operating margin18.5%
Net earnings$1.3M

Greystone Housing Impact Investors LP, Q1 2026: revenue $21.8M (-10% year over year), operating margin 18.5%, net earnings $1.3M, operating cash flow −$107K. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$21.8M+45%-10%
Operating profit$4.0M+176%+19%
Net earnings$1.3M—-45%
Operating cash flow−$107K-101%-101%

What changed

Revenue was $21.8M in Q1 2026, down 10% year over year and up 45% from the previous quarter.

Operating profit was $4.0M, a 18.5% margin (up 4.6 points year over year). Total costs fell 15% while revenue fell 10%. Net earnings were $1.3M, down 45% year over year. The effective tax rate was -0.2%.

Operating cash flow was −$107K. Non-cash charges added back $2.7M of depreciation and amortization. Working capital and other items used $4.2M. Capital expenditures of $63K exceeded it, leaving free cash flow of −$171K.

Questions

What was Greystone Housing Impact Investors LP's revenue in the first quarter 2026?

Greystone Housing Impact Investors LP (GHI) reported revenue of $21.8M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +45% from the quarter before.

Was Greystone Housing Impact Investors LP profitable in the first quarter 2026?

Operating profit was $4.0M (18.5% of revenue) and net earnings $1.3M.

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Source: Greystone Housing Impact Investors LP 10-Q on SEC EDGAR.