Filing Flows › Leef Brands (LEEEF) › Q1 2026
Leef Brands (LEEEF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Leef Brands (LEEEF) reported revenue of $9.4M for the first quarter 2026 (Q1 2026), -0.2% from a year earlier. Operating margin was 13.7%, net loss $426K (4.5% of revenue).
Leef Brands, Q1 2026: revenue $9.4M (-0.2% year over year), operating margin 13.7%, net loss $426K, operating cash flow $395K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.4M | — | -0.2% |
| Operating profit | $1.3M | — | — |
| Net earnings | −$426K | — | — |
| Operating cash flow | $395K | — | — |
What changed
Revenue was $9.4M in Q1 2026, roughly flat year over year.
Gross margin was 49.3%, up 27.3 points from a year earlier. Operating profit was $1.3M, a 13.7% margin (up 34.0 points year over year). Operating expenses fell 16% while revenue was flat. The quarter ended with a net loss of $426K. Net interest and other expense of $735K was the main reason.
Operating cash flow was $395K. Non-cash charges added back $568K of depreciation and amortization and $489K of share-based compensation. Working capital and other items used $236K. Capital expenditures of $495K exceeded it, leaving free cash flow of −$100K.
Questions
What was Leef Brands' revenue in the first quarter 2026?
Leef Brands (LEEEF) reported revenue of $9.4M for the first quarter 2026 (Q1 2026), -0.2% from a year earlier.
Was Leef Brands profitable in the first quarter 2026?
Operating profit was $1.3M (13.7% of revenue) and net loss $426K.
Source: Leef Brands 10-Q on SEC EDGAR.