Filing Flows › MacKenzie Realty Capital (MKZR) › Q1 FY26
MacKenzie Realty Capital (MKZR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 14, 2025
MacKenzie Realty Capital (MKZR) reported revenue of $4.5M for the first quarter fiscal 2026 (Q1 FY26), -8% from a year earlier and -6% from the quarter before. Operating margin was -76.8%, net loss $3.0M (67.1% of revenue).
MacKenzie Realty Capital, Q1 FY26: revenue $4.5M (-8% year over year), operating margin -76.8%, net loss $3.0M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5M | -6% | -8% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | −$2.0M | — | — |
What changed
Revenue was $4.5M in Q1 FY26, down 8% year over year and down 6% from the previous quarter.
Operating costs exceeded revenue by $3.5M, an operating margin of -76.8%. Total costs fell 35% while revenue fell 8%. The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $6.0M loss.
Operating cash flow was −$2.0M. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items used $1.2M.
Questions
What was MacKenzie Realty Capital's revenue in the first quarter fiscal 2026?
MacKenzie Realty Capital (MKZR) reported revenue of $4.5M for the first quarter fiscal 2026 (Q1 FY26), -8% from a year earlier and -6% from the quarter before.
Was MacKenzie Realty Capital profitable in the first quarter fiscal 2026?
Operating loss was $3.5M (-76.8% of revenue) and net loss $3.0M.