Filing Flows › Kestrel Group (KG) › Q1 2026
Kestrel Group (KG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Kestrel Group (KG) reported revenue of $10.2M for the first quarter 2026 (Q1 2026), up 12-fold from a year earlier and -0.1% from the quarter before. Operating margin was -72.8%, net loss $7.4M (72.9% of revenue).
Kestrel Group, Q1 2026: revenue $10.2M (12× year over year), operating margin -72.8%, net loss $7.4M, operating cash flow −$15.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.2M | -0.1% | 12× |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$7.4M | — | — |
| Operating cash flow | −$15.1M | — | — |
What changed
Revenue was $10.2M in Q1 2026, up 1112% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $7.4M, an operating margin of -72.8%. Total costs grew 1441% against revenue growth of 1112%. The quarter ended with a net loss of $7.4M, narrower than the previous quarter's $17.8M loss.
Operating cash flow was −$15.1M. Non-cash charges added back $9K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $9.2M.
Questions
What was Kestrel Group's revenue in the first quarter 2026?
Kestrel Group (KG) reported revenue of $10.2M for the first quarter 2026 (Q1 2026), up 12-fold from a year earlier and -0.1% from the quarter before.
Was Kestrel Group profitable in the first quarter 2026?
Operating loss was $7.4M (-72.8% of revenue) and net loss $7.4M.
Source: Kestrel Group 10-Q on SEC EDGAR.