Filing Flows › Innovative Industrial Properties (IIPR) › Q2 2026 › vs Q1 2026
Innovative Industrial Properties (IIPR) Q2 2026 vs Q1 2026 (quarter over quarter)
Innovative Industrial Properties's revenue fell $5.7M (-8%) from $69.0M in Q1 2026 to $63.3M in Q2 2026. Operating margin 65.5% against 47.7% (+17.8 pts).
Innovative Industrial Properties, Q2 2026: revenue $63.3M (+0.7% year over year), operating margin 65.5%, net earnings $43.9M, operating cash flow $44.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 65.5% | 47.7% | +17.8 pts |
| Net margin | 69.3% | 47.6% | +21.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $63.3M | $69.0M | −$5.7M | -8% |
| Other income, net | $2.4M | −$100K | $2.5M | — |
| Operating profit | $41.4M | $32.9M | $8.5M | +26% |
| Costs & expenses | $21.9M | $36.1M | −$14.2M | -39% |
| Pre-tax earnings | $43.9M | $32.8M | $11.0M | +34% |
| General & admin | $7.7M | $10.3M | −$2.6M | -25% |
| Other operating costs | $14.1M | $25.7M | −$11.6M | -45% |
| Net earnings | $43.9M | $32.8M | $11.0M | +34% |
| Depreciation & amortization | $18.8M | $18.6M | $215K | +1% |
| Share-based compensation | $2.8M | $2.6M | $242K | +9% |
| Working capital & other | $20.6M | −$2.1M | $22.6M | — |
| Operating cash flow | $44.9M | $56.0M | −$11.1M | -20% |
Questions
How much did Innovative Industrial Properties's revenue grow quarter over quarter in Q2 2026?
Innovative Industrial Properties's revenue fell $5.7M (-8%) from $69.0M in Q1 2026 to $63.3M in Q2 2026. Operating margin 65.5% against 47.7% (+17.8 pts).