Filing Flows › HA Sustainable Infrastructure Capital (HASI) › Q1 2026
HA Sustainable Infrastructure Capital (HASI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
HA Sustainable Infrastructure Capital (HASI) reported revenue of $124M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +8% from the quarter before. Operating margin was -84.1%, net loss $73.7M (59.4% of revenue).
HA Sustainable Infrastructure Capital, Q1 2026: revenue $124M (+28% year over year), operating margin -84.1%, net loss $73.7M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | +8% | +28% |
| Operating profit | −$105M | — | -227% |
| Net earnings | −$73.7M | — | -230% |
| Operating cash flow | $15.6M | -94% | — |
What changed
Revenue was $124.2M in Q1 2026, up 28% year over year and up 8% from the previous quarter.
Operating costs exceeded revenue by $104.5M, an operating margin of -84.1%. Total costs grew 1440% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+3889%). The quarter ended with a net loss of $73.7M, wider than the previous quarter's $54.6M loss. Minority interests bore $1.8M of it: to shareholders the quarter was a loss of $72.0M.
Operating cash flow was $15.6M. Non-cash charges added back $179K of depreciation and amortization and $17.8M of share-based compensation. Working capital and other items added $71.4M.
Questions
What was HA Sustainable Infrastructure Capital's revenue in the first quarter 2026?
HA Sustainable Infrastructure Capital (HASI) reported revenue of $124M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +8% from the quarter before.
Was HA Sustainable Infrastructure Capital profitable in the first quarter 2026?
Operating loss was $105M (-84.1% of revenue) and net loss $73.7M.
Source: HA Sustainable Infrastructure Capital 10-Q on SEC EDGAR.