Filing Flows › Legacy Housing (LEGH) › Q1 2026
Legacy Housing (LEGH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Legacy Housing (LEGH) reported revenue of $34.4M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -10% from the quarter before. Operating margin was 36.1%, net earnings $10.9M (31.8% of revenue).
Legacy Housing, Q1 2026: revenue $34.4M (-4% year over year), operating margin 36.1%, net earnings $10.9M, operating cash flow $7.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.4M | -10% | -4% |
| Operating profit | $12.4M | +20% | +7% |
| Net earnings | $10.9M | +33% | +6% |
| Operating cash flow | $7.0M | -63% | +42% |
| Free cash flow | $5.4M | -65% | +49% |
What changed
Revenue was $34.4M in Q1 2026, down 4% year over year and down 10% from the previous quarter. Commercial sales was the largest line at 22% of revenue. Inventory finance sales lost $7.6M year over year (down 68%), 583% of the total change.
Operating profit was $12.4M, a 36.1% margin (up 3.6 points year over year). Total costs fell 9% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+133%). Net earnings were $10.9M, up 6% year over year. The effective tax rate was 16.1%.
Operating cash flow was $7.0M (up 42% year over year), 64% of net earnings. Non-cash charges added back $670K of depreciation and amortization and $24K of share-based compensation. Working capital and other items used $4.7M. Capital expenditures of $1.5M left free cash flow of $5.4M.
Questions
What was Legacy Housing's revenue in the first quarter 2026?
Legacy Housing (LEGH) reported revenue of $34.4M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -10% from the quarter before.
Was Legacy Housing profitable in the first quarter 2026?
Operating profit was $12.4M (36.1% of revenue) and net earnings $10.9M.
Source: Legacy Housing 10-Q on SEC EDGAR.