Filing Flows › HNI (HNI) › Q1 2026
HNI (HNI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
HNI (HNI) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +125% from a year earlier and +52% from the quarter before. Operating margin was -2.7%, net loss $38.8M (2.9% of revenue).
HNI, Q1 2026: revenue $1.3B (+125% year over year), operating margin -2.7%, net loss $38.8M, operating cash flow −$172M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +52% | +125% |
| Operating profit | −$36.4M | — | -249% |
| Net earnings | −$38.8M | — | -379% |
| Operating cash flow | −$172M | -322% | -1463% |
What changed
Revenue was $1.3B in Q1 2026, up 125% year over year and up 52% from the previous quarter. Workplace furnishings was the largest line at 88% of revenue. Workplace furnishings added $0.74B year over year (up 169%), 100% of the total change.
Gross margin was 37.1%, down 2.6 points from Q1 2025. Operating costs exceeded revenue by $0.04B, an operating margin of -2.7%. Operating expenses grew 151% against revenue growth of 125%. The fastest-growing cost line was Other operating costs (+236%). The quarter ended with a net loss of $0.04B, narrower than the previous quarter's $0.05B loss.
Operating cash flow was −$0.17B. Non-cash charges added back $0.08B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.21B.
Questions
What was HNI's revenue in the first quarter 2026?
HNI (HNI) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +125% from a year earlier and +52% from the quarter before.
Was HNI profitable in the first quarter 2026?
Operating loss was $36.4M (-2.7% of revenue) and net loss $38.8M.
Source: HNI 10-Q on SEC EDGAR.