Filing Flows › ST JOE (JOE) › Q1 2026
ST JOE (JOE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
ST JOE (JOE) reported revenue of $99.0M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -23% from the quarter before. Operating margin was 18.4%, net earnings $13.9M (14.1% of revenue).
ST JOE, Q1 2026: revenue $99.0M (+5% year over year), operating margin 18.4%, net earnings $13.9M, operating cash flow $42.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $99.0M | -23% | +5% |
| Gross profit | $37.9M | -35% | +7% |
| Operating profit | $18.2M | -54% | +8% |
| Net earnings | $13.9M | -53% | -20% |
| Operating cash flow | $42.2M | -5% | +46% |
| Free cash flow | $40.2M | -8% | +45% |
What changed
Revenue was $99.0M in Q1 2026, up 5% year over year and down 23% from the previous quarter.
Gross margin was 38.3%, up 0.5 points from Q1 2025. Operating profit was $18.2M, a 18.4% margin (up 0.4 points year over year). Of the extra revenue versus Q1 2025, 26% reached operating profit, above the 18% margin then. Operating expenses grew 6% against revenue growth of 5%. Net earnings were $13.9M, down 20% year over year ($13.3M including minority interests, which bore $647K of losses). The effective tax rate was 25.3%.
Operating cash flow was $42.2M (up 46% year over year), 318% of net income including minority interests. Non-cash charges added back $11.4M of depreciation and amortization and $327K of share-based compensation. Working capital and other items added $17.2M. Capital expenditures of $2.0M left free cash flow of $40.2M.
Questions
What was ST JOE's revenue in the first quarter 2026?
ST JOE (JOE) reported revenue of $99.0M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -23% from the quarter before.
Was ST JOE profitable in the first quarter 2026?
Operating profit was $18.2M (18.4% of revenue) and net earnings $13.9M.
Source: ST JOE 10-Q on SEC EDGAR.