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Maui Land & Pineapple (MLP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Maui Land & Pineapple (MLP) Q2 2026 earnings results →
Q2 2026 Revenue down 20% year over year to $3.7M · 44¢ of every $1 of revenue lost · operating margin -48.6%
Maui Land & Pineapple made $3.7M in Q2 2026 (-20% Y/Y): Commercial Real Estate Leasing $2.0M, Land Leasing and Management $1.5M, Land Development and Sales $235K. Operating margin -48.6%, net loss $1.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.7M in Q2 2026, down 20% year over year and up 9% from the previous quarter. Commercial Real Estate Leasing was the largest line at 53% of revenue. Land Development and Sales lost $1.2M year over year (down 84%), 133% of the total change.
Operating costs exceeded revenue by $1.8M, an operating margin of -48.6%. Total costs grew 3% against a revenue fall of 20%. The fastest-growing cost line was General & admin (+64%). The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $2.1M loss.
Operating cash flow was −$418K. Non-cash charges added back $257K of depreciation and $1.0M of share-based compensation. Working capital and other items used $42K. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$2.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $3.7M | -20% | -48.6% | −$1.6M | −$418K |
| Q1 2026 | 10-Q | May 15, 2026 | $3.4M | -41% | -59.2% | −$2.1M | −$2.0M |
| Q4 2025 | 10-K | Apr 1, 2026 | $4.5M | +33% | -37.5% | −$1.2M | $3.7M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $4.5M | +49% | -8.0% | $240K | −$932K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $4.6M | +74% | -15.4% | −$999K | −$871K |
| Q1 2025 | 10-Q | May 15, 2025 | $5.8M | +134% | -30.7% | −$8.6M | $157K |
| Q4 2024 | 10-K | Mar 31, 2025 | $3.4M | +41% | -53.9% | −$1.9M | $223K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Maui Land & Pineapple
Maui Land & Pineapple Company, Inc. (NYSE: MLP) is dedicated to the thoughtful stewardship of its portfolio, including over 22,000 acres of land along with approximately 247,000 square feet of commercial real estate. The Company envisions a future where Maui residents thrive in more resilient communities with sufficient housing supply, economic stability, food and water security, and deep connections between people and place. For over a century, MLP has built a legacy of thoughtful stewardship through conservation, agriculture, community building, and land management. The Company continues this legacy today with a mission to thoughtfully maximize the productive use of its assets to meet the critical needs of current and future generations.
In its own words, from its 8-K, filed Aug 14, 2026.
Maui Land & Pineapple against its Real Estate peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -20% against the peers' median +8%. Operating margin: -48.6% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MLP Maui Land & Pineapple | Q2 2026 | $3.7M | -20% | -48.6% |
| CBRE CBRE Group | Q3 2026 | $11.5B | +13% | 4.9% |
| CWK Cushman & Wakefield | Q3 2026 | $2.8B | +8% | 4.6% |
| Prologis, L.P. | Q3 2026 | $2.4B | +8% | 43.8% |
| Digital Realty Trust, L.P. | Q3 2026 | $1.9B | +21% | 15.9% |
| FOR Forestar Group | Q4 FY26 | $581M | -13% | 13.5% |
| Regency Centers LP | Q3 2026 | $419M | +8% | 72.3% |
| Tiaa Real Estate Account | Q3 2026 | $303M | -0.8% | 298.8% |
| MRP Millrose Properties | Q3 2026 | $211M | +18% | 85.5% |
Source: Maui Land & Pineapple 10-Q on SEC EDGAR · CIK 63330 · Real Estate
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results