Filing Flows › Kaanapali Land LLC (KANP) › Q1 2026
Kaanapali Land LLC (KANP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Kaanapali Land LLC (KANP) reported revenue of $20.4M for the first quarter 2026 (Q1 2026), up 46-fold from a year earlier and up 56-fold from the quarter before. Operating margin was 43.0%, net earnings $13.3M (65.3% of revenue).
Kaanapali Land LLC, Q1 2026: revenue $20.4M (46× year over year), operating margin 43.0%, net earnings $13.3M, operating cash flow $20.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.4M | 56× | 46× |
| Operating profit | $8.8M | — | — |
| Net earnings | $13.3M | — | — |
| Operating cash flow | $20.9M | — | — |
| Free cash flow | $20.8M | — | — |
What changed
Revenue was $20.4M in Q1 2026, up 4532% year over year and up 5531% from the previous quarter. Sales of Real Estate was the largest line at 98% of revenue. Agricultural Products and Other Sales added $155K year over year (up 155%), 1% of the total change.
Operating profit was $8.8M, a 43.0% margin (up 387.8 points year over year). Total costs grew 493% against revenue growth of 4532%. The fastest-growing cost line was Cost of revenue (+3333%). Net earnings were $13.3M. The effective tax rate was 0.0%. Non-operating items added $4.5M, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $20.9M, 157% of net earnings. Non-cash charges added back $47K of depreciation and amortization. Working capital and other items added $7.6M. Capital expenditures of $86K left free cash flow of $20.8M.
Questions
What was Kaanapali Land LLC's revenue in the first quarter 2026?
Kaanapali Land LLC (KANP) reported revenue of $20.4M for the first quarter 2026 (Q1 2026), up 46-fold from a year earlier and up 56-fold from the quarter before.
Was Kaanapali Land LLC profitable in the first quarter 2026?
Operating profit was $8.8M (43.0% of revenue) and net earnings $13.3M.
Source: Kaanapali Land LLC 10-Q on SEC EDGAR.