Filing Flows › Gladstone Commercial (GOOD) › Q1 2026
Gladstone Commercial (GOOD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Gladstone Commercial (GOOD) reported revenue of $41.9M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -4% from the quarter before. Operating margin was 16.6%, net earnings $7.0M (16.6% of revenue).
Gladstone Commercial, Q1 2026: revenue $41.9M (+12% year over year), operating margin 16.6%, net earnings $7.0M, operating cash flow $17.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.9M | -4% | +12% |
| Operating profit | $7.0M | +29% | +36% |
| Net earnings | $7.0M | +29% | +36% |
| Operating cash flow | $17.9M | +14% | +1% |
What changed
Revenue was $41.9M in Q1 2026, up 12% year over year and down 4% from the previous quarter.
Operating profit was $7.0M, a 16.6% margin (up 2.9 points year over year). Of the extra revenue versus Q1 2025, 42% reached operating profit, above the 14% margin then. Total costs grew 8% against revenue growth of 12%. The fastest-growing cost line was General & admin (+14%). Net earnings were $7.0M, up 36% year over year. The effective tax rate was 0.0%.
Operating cash flow was $17.9M (up 1% year over year), 257% of net earnings. Non-cash charges added back $14.8M of depreciation and amortization. Working capital and other items used $3.9M.
Questions
What was Gladstone Commercial's revenue in the first quarter 2026?
Gladstone Commercial (GOOD) reported revenue of $41.9M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -4% from the quarter before.
Was Gladstone Commercial profitable in the first quarter 2026?
Operating profit was $7.0M (16.6% of revenue) and net earnings $7.0M.