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Maui Land & Pineapple (MLP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Maui Land & Pineapple (MLP) reported revenue of $3.4M for the first quarter 2026 (Q1 2026), -41% from a year earlier and -25% from the quarter before. Operating margin was -59.2%, net loss $2.1M (60.5% of revenue).
Maui Land & Pineapple, Q1 2026: revenue $3.4M (-41% year over year), operating margin -59.2%, net loss $2.1M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4M | -25% | -41% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$2.0M | -154% | -1383% |
What changed
Revenue was $3.4M in Q1 2026, down 41% year over year and down 25% from the previous quarter. Commercial Real Estate Leasing was the largest line at 57% of revenue. Land Development and Sales lost $2.4M year over year (down 90%), 98% of the total change.
Operating costs exceeded revenue by $2.0M, an operating margin of -59.2%. Total costs fell 29% while revenue fell 41%. The quarter ended with a net loss of $2.1M, wider than the previous quarter's $1.2M loss.
Operating cash flow was −$2.0M. Non-cash charges added back $233K of depreciation and $939K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Maui Land & Pineapple's revenue in the first quarter 2026?
Maui Land & Pineapple (MLP) reported revenue of $3.4M for the first quarter 2026 (Q1 2026), -41% from a year earlier and -25% from the quarter before.
Was Maui Land & Pineapple profitable in the first quarter 2026?
Operating loss was $2.0M (-59.2% of revenue) and net loss $2.1M.