Filing Flows › Mount Logan Capital (MLCI) › Q1 2026
Mount Logan Capital (MLCI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Mount Logan Capital (MLCI) reported revenue of $10.6M for the first quarter 2026 (Q1 2026), -29% from a year earlier and +7% from the quarter before. Operating margin was -54.1%, net loss $6.0M (56.1% of revenue).
Mount Logan Capital, Q1 2026: revenue $10.6M (-29% year over year), operating margin -54.1%, net loss $6.0M, operating cash flow −$24.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | +7% | -29% |
| Operating profit | −$5.8M | — | — |
| Net earnings | −$6.0M | — | — |
| Operating cash flow | −$24.4M | -805% | — |
What changed
Revenue was $10.6M in Q1 2026, down 29% year over year and up 7% from the previous quarter. Insurance Solutions was the largest line at 77% of revenue. Insurance Solutions lost $3.0M year over year (down 27%), 69% of the total change.
Operating costs exceeded revenue by $5.8M, an operating margin of -54.1%. Total costs fell 29% while revenue fell 29%. The quarter ended with a net loss of $6.0M, narrower than the previous quarter's $39.8M loss.
Operating cash flow was −$24.4M. Working capital and other items used $18.4M.
Questions
What was Mount Logan Capital's revenue in the first quarter 2026?
Mount Logan Capital (MLCI) reported revenue of $10.6M for the first quarter 2026 (Q1 2026), -29% from a year earlier and +7% from the quarter before.
Was Mount Logan Capital profitable in the first quarter 2026?
Operating loss was $5.8M (-54.1% of revenue) and net loss $6.0M.