Filing Flows › Kilroy Realty (KRC) › Q1 2026
Kilroy Realty (KRC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Kilroy Realty (KRC) reported revenue of $270M for the first quarter 2026 (Q1 2026), -0.3% from a year earlier and -0.8% from the quarter before. Operating margin was -5.4%, net loss $14.7M (5.4% of revenue).
Kilroy Realty, Q1 2026: revenue $270M (-0.3% year over year), operating margin -5.4%, net loss $14.7M, operating cash flow $151M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $270M | -0.8% | -0.3% |
| Operating profit | −$14.7M | -186% | -134% |
| Net earnings | −$14.7M | -218% | -138% |
| Operating cash flow | $151M | +38% | +10% |
| Free cash flow | $48.0M | -18% | -41% |
What changed
Revenue was $270.1M in Q1 2026, roughly flat year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $14.7M, an operating margin of -5.4%. Total costs grew 25% against flat revenue. The fastest-growing cost line was Other operating costs (+26%). The quarter ended with a net loss of $14.7M, after a profit of $17.1M the previous quarter.
Operating cash flow was $150.7M (up 10% year over year). Non-cash charges added back $92.9M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $67.6M. Capital expenditures of $102.6M left free cash flow of $48.0M.
Questions
What was Kilroy Realty's revenue in the first quarter 2026?
Kilroy Realty (KRC) reported revenue of $270M for the first quarter 2026 (Q1 2026), -0.3% from a year earlier and -0.8% from the quarter before.
Was Kilroy Realty profitable in the first quarter 2026?
Operating loss was $14.7M (-5.4% of revenue) and net loss $14.7M.
Source: Kilroy Realty 10-Q on SEC EDGAR.