Filing Flows › Jefferson Capital (JCAP) › Q1 2026
Jefferson Capital (JCAP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Jefferson Capital (JCAP) reported revenue of $176M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +14% from the quarter before. Operating margin was 45.4%, net earnings $37.6M (21.3% of revenue).
Jefferson Capital, Q1 2026: revenue $176M (+14% year over year), operating margin 45.4%, net earnings $37.6M, operating cash flow $39.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | +14% | +14% |
| Operating profit | $80.2M | +14% | -10% |
| Net earnings | $37.6M | -0.3% | -41% |
| Operating cash flow | $39.6M | -47% | -23% |
What changed
Revenue was $176.4M in Q1 2026, up 14% year over year and up 14% from the previous quarter. United States was the largest line at 74% of revenue. United States added $12.8M year over year (up 11%), 59% of the total change.
Operating profit was $80.2M, a 45.4% margin (down 12.2 points year over year). Operating profit fell $9.1M even though revenue rose $21.5M versus a year earlier, so costs grew faster than sales. Total costs grew 47% against revenue growth of 14%. Net earnings were $37.6M, down 41% year over year. The effective tax rate was 26.3%.
Operating cash flow was $39.6M (down 23% year over year), 105% of net earnings. Non-cash charges added back $872K of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $7.4M.
Questions
What was Jefferson Capital's revenue in the first quarter 2026?
Jefferson Capital (JCAP) reported revenue of $176M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +14% from the quarter before.
Was Jefferson Capital profitable in the first quarter 2026?
Operating profit was $80.2M (45.4% of revenue) and net earnings $37.6M.
Source: Jefferson Capital 10-Q on SEC EDGAR.