Filing Flows › Knife River (KNF) › Q1 2026
Knife River (KNF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Knife River (KNF) reported revenue of $410M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -46% from the quarter before. Operating margin was -21.0%, net loss $79.2M (19.3% of revenue).
Knife River, Q1 2026: revenue $410M (+16% year over year), operating margin -21.0%, net loss $79.2M, operating cash flow −$58.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $410M | -46% | +16% |
| Operating profit | −$86.2M | -232% | — |
| Net earnings | −$79.2M | -347% | — |
| Operating cash flow | −$58.5M | -130% | — |
What changed
Revenue was $410.1M in Q1 2026, up 16% year over year and down 46% from the previous quarter. Ready-mix concrete was the largest line at 35% of revenue. Ready-mix concrete added $36.1M year over year (up 33%), 64% of the total change.
Operating costs exceeded revenue by $86.2M, an operating margin of -21.0%. Total costs grew 14% against revenue growth of 16%. The fastest-growing cost line was SG&A (+14%). The quarter ended with a net loss of $79.2M, after a profit of $32.0M the previous quarter.
Operating cash flow was −$58.5M. Non-cash charges added back $52.1M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $34.4M. Capital expenditures of $77.3M exceeded it, leaving free cash flow of −$135.9M.
Questions
What was Knife River's revenue in the first quarter 2026?
Knife River (KNF) reported revenue of $410M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -46% from the quarter before.
Was Knife River profitable in the first quarter 2026?
Operating loss was $86.2M (-21.0% of revenue) and net loss $79.2M.
Source: Knife River 10-Q on SEC EDGAR.