Filing Flows › Medalist Diversified (MDRR) › Q1 2026
Medalist Diversified (MDRR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Medalist Diversified (MDRR) reported revenue of $2.2M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -24% from the quarter before. Operating margin was 569.5%, net earnings $9.0M (415.3% of revenue).
Medalist Diversified, Q1 2026: revenue $2.2M (-7% year over year), operating margin 569.5%, net earnings $9.0M, operating cash flow −$508K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | -24% | -7% |
| Operating profit | $12.3M | 26× | — |
| Net earnings | $9.0M | — | — |
| Operating cash flow | −$508K | — | -211% |
What changed
Revenue was $2.2M in Q1 2026, down 7% year over year and down 24% from the previous quarter.
Operating profit was $12.3M, a 569.5% margin (up 593.3 points year over year). Net earnings were $9.0M. The effective tax rate was -17.3%.
Operating cash flow was −$508K. Non-cash charges added back $489K of depreciation and amortization and $224K of share-based compensation. Working capital and other items used $15.3M. Capital expenditures of $120K exceeded it, leaving free cash flow of −$628K.
Questions
What was Medalist Diversified's revenue in the first quarter 2026?
Medalist Diversified (MDRR) reported revenue of $2.2M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -24% from the quarter before.
Was Medalist Diversified profitable in the first quarter 2026?
Operating profit was $12.3M (569.5% of revenue) and net earnings $9.0M.