Filing Flows › Medalist Diversified (MDRR) › Q2 2026
Medalist Diversified (MDRR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Medalist Diversified (MDRR) reported revenue of $1.8M for the second quarter 2026 (Q2 2026), -27% from a year earlier and -16% from the quarter before. Operating margin was -21.8%, net loss $206K (11.4% of revenue).
Medalist Diversified, Q2 2026: revenue $1.8M (-27% year over year), operating margin -21.8%, net loss $206K, operating cash flow $321K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | -16% | -27% |
| Operating profit | −$394K | -103% | -263% |
| Net earnings | −$206K | -102% | — |
| Operating cash flow | $321K | — | +31% |
| Free cash flow | $82K | — | — |
What changed
Revenue was $1.8M in Q2 2026, down 27% year over year and down 16% from the previous quarter. Investment Properties was the largest line at 74% of revenue. Investment Properties lost $1.1M year over year (down 46%), 171% of the total change.
Operating costs exceeded revenue by $394K, an operating margin of -21.8%. Total costs fell 1% while revenue fell 27%. The quarter ended with a net loss of $206K, after a profit of $14.1M the previous quarter. Non-operating items added $190K, -93% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $321K (up 31% year over year). Non-cash charges added back $331K of depreciation and amortization. Working capital and other items added $196K. Capital expenditures of $239K left free cash flow of $82K.
Questions
What was Medalist Diversified's revenue in the second quarter 2026?
Medalist Diversified (MDRR) reported revenue of $1.8M for the second quarter 2026 (Q2 2026), -27% from a year earlier and -16% from the quarter before.
Was Medalist Diversified profitable in the second quarter 2026?
Operating loss was $394K (-21.8% of revenue) and net loss $206K.