Filing Flows › Marcus (MCS) › Q1 2026
Marcus (MCS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Marcus (MCS) reported revenue of $154M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -20% from the quarter before. Operating margin was -12.5%, net loss $15.4M (9.9% of revenue).
Marcus, Q1 2026: revenue $154M (+4% year over year), operating margin -12.5%, net loss $15.4M, operating cash flow −$15.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | -20% | +4% |
| Operating profit | −$19.3M | -1208% | — |
| Net earnings | −$15.4M | -358% | — |
| Operating cash flow | −$15.2M | -131% | — |
What changed
Revenue was $154.4M in Q1 2026, up 4% year over year and down 20% from the previous quarter.
Operating costs exceeded revenue by $19.3M, an operating margin of -12.5%. Total costs grew 3% against revenue growth of 4%. The quarter ended with a net loss of $15.4M, after a profit of $6.0M the previous quarter.
Operating cash flow was −$15.2M. Non-cash charges added back $17.8M of depreciation and $3.8M of share-based compensation. Working capital and other items used $21.5M. Capital expenditures of $6.6M exceeded it, leaving free cash flow of −$21.9M.
Questions
What was Marcus' revenue in the first quarter 2026?
Marcus (MCS) reported revenue of $154M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -20% from the quarter before.
Was Marcus profitable in the first quarter 2026?
Operating loss was $19.3M (-12.5% of revenue) and net loss $15.4M.
Source: Marcus 10-Q on SEC EDGAR.