Filing Flows › Janus Living (JAN) › Q1 2026
Janus Living (JAN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Janus Living (JAN) reported revenue of $200M for the first quarter 2026 (Q1 2026), +35% from a year earlier. Operating margin was -8.9%, net earnings $27.9M (13.9% of revenue).
Janus Living, Q1 2026: revenue $200M (+34% year over year), operating margin -8.9%, net earnings $27.9M, operating cash flow $33.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | — | +35% |
| Operating profit | −$17.8M | — | — |
| Net earnings | $27.9M | — | — |
| Operating cash flow | $33.3M | — | +60% |
| Free cash flow | $13.3M | — | +155% |
What changed
Revenue was $200.3M in Q1 2026, up 35% year over year. Room and rents was the largest line at 82% of revenue. Room and rents added $44.0M year over year (up 37%), 85% of the total change.
Operating costs exceeded revenue by $17.8M, an operating margin of -8.9%. Total costs grew 48% against revenue growth of 35%. Net earnings were −$8.6M. The effective tax rate was 3.9%. Non-operating items added $46.8M, 161% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $33.3M (up 60% year over year), 120% of net income including minority interests. Non-cash charges added back $51.4M of depreciation and amortization and $34K of share-based compensation. Working capital and other items used $46.0M. Capital expenditures of $20.0M left free cash flow of $13.3M.
Questions
What was Janus Living's revenue in the first quarter 2026?
Janus Living (JAN) reported revenue of $200M for the first quarter 2026 (Q1 2026), +35% from a year earlier.
Was Janus Living profitable in the first quarter 2026?
Operating loss was $17.8M (-8.9% of revenue) and net earnings $27.9M.
Source: Janus Living 10-Q on SEC EDGAR.