Filing Flows › ST JOE (JOE) › Q2 2026 › vs Q1 2026
ST JOE (JOE) Q2 2026 vs Q1 2026 (quarter over quarter)
ST JOE's revenue rose $59.8M (+60%) from $99.0M in Q1 2026 to $159M in Q2 2026. Gross margin 46.2% against 38.3% (+7.9 pts).
ST JOE, Q2 2026: revenue $159M (+23% year over year), operating margin 34.5%, net earnings $40.5M, operating cash flow $43.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 46.2% | 38.3% | +7.9 pts |
| Operating margin | 34.5% | 18.4% | +16.1 pts |
| Net margin | 25.5% | 14.1% | +11.4 pts |
| Free cash flow margin | 27.0% | 40.6% | -13.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $159M | $99.0M | $59.8M | +60% |
| Gross profit | $73.4M | $37.9M | $35.5M | +94% |
| Cost of revenue | $85.4M | $61.1M | $24.3M | +40% |
| Operating profit | $54.8M | $18.2M | $36.6M | +201% |
| Operating expenses | $18.6M | $19.8M | −$1.1M | -6% |
| Pre-tax earnings | $55.1M | $17.8M | $37.3M | +210% |
| Net earnings | $40.5M | $13.9M | $26.5M | +190% |
| Minority interests | $508K | −$647K | $1.2M | — |
| Income tax | $14.1M | $4.5M | $9.6M | +213% |
| Depreciation & amortization | $11.4M | $11.4M | −$3K | 0% |
| Share-based compensation | $343K | $327K | $16K | +5% |
| Working capital & other | $8.3M | −$16.6M | $24.9M | — |
| Operating cash flow | $43.9M | $42.2M | $1.7M | +4% |
| Free cash flow (OCF − capex) | $43.0M | $40.2M | $2.7M | +7% |
| Capital expenditures | $977K | $2.0M | −$1.0M | -51% |
Questions
How much did ST JOE's revenue grow quarter over quarter in Q2 2026?
ST JOE's revenue rose $59.8M (+60%) from $99.0M in Q1 2026 to $159M in Q2 2026. Gross margin 46.2% against 38.3% (+7.9 pts).