Filing Flows › Guardian Pharmacy Services (GRDN) › Q1 2026
Guardian Pharmacy Services (GRDN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Guardian Pharmacy Services (GRDN) reported revenue of $337M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -15% from the quarter before. Operating margin was 5.3%, net earnings $13.5M (4.0% of revenue).
Guardian Pharmacy Services, Q1 2026: revenue $337M (+2% year over year), operating margin 5.3%, net earnings $13.5M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $337M | -15% | +2% |
| Gross profit | $76.3M | -11% | +19% |
| Operating profit | $17.7M | -43% | +36% |
| Net earnings | $13.5M | -36% | +46% |
| Operating cash flow | $6.1M | -82% | -65% |
What changed
Revenue was $336.6M in Q1 2026, up 2% year over year and down 15% from the previous quarter.
Gross margin was 22.7%, up 3.1 points from Q1 2025. Operating profit was $17.7M, a 5.3% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 64% reached operating profit, above the 4% margin then. Operating expenses grew 14% against revenue growth of 2%. Net earnings were $13.3M, up 41% year over year. The effective tax rate was 26.0%.
Operating cash flow was $6.1M (down 65% year over year), 45% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $15.3M.
Questions
What was Guardian Pharmacy Services' revenue in the first quarter 2026?
Guardian Pharmacy Services (GRDN) reported revenue of $337M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -15% from the quarter before.
Was Guardian Pharmacy Services profitable in the first quarter 2026?
Operating profit was $17.7M (5.3% of revenue) and net earnings $13.5M.