Filing Flows › JBG Smith Properties (JBGS) › Q1 2026
JBG Smith Properties (JBGS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
JBG Smith Properties (JBGS) reported revenue of $128M for the first quarter 2026 (Q1 2026), +6% from a year earlier and 0% from the quarter before. Operating margin was -6.3%, net loss $23.0M (18.1% of revenue).
JBG Smith Properties, Q1 2026: revenue $128M (+6% year over year), operating margin -6.3%, net loss $23.0M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $128M | 0% | +6% |
| Operating profit | −$8.1M | -1321% | — |
| Net earnings | −$23.0M | — | — |
| Operating cash flow | $3.4M | -90% | -74% |
What changed
Revenue was $127.6M in Q1 2026, up 6% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $8.1M, an operating margin of -6.3%. Total costs grew 7% against revenue growth of 6%. The quarter ended with a net loss of $23.0M, narrower than the previous quarter's $56.2M loss. Minority interests bore $4.3M of it: to shareholders the quarter was a loss of $18.7M. Net interest and other expense of $14.9M was the main reason.
Operating cash flow was $3.4M (down 74% year over year). Non-cash charges added back $47.2M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $28.8M.
Questions
What was JBG Smith Properties' revenue in the first quarter 2026?
JBG Smith Properties (JBGS) reported revenue of $128M for the first quarter 2026 (Q1 2026), +6% from a year earlier and 0% from the quarter before.
Was JBG Smith Properties profitable in the first quarter 2026?
Operating loss was $8.1M (-6.3% of revenue) and net loss $23.0M.