Filing Flows › Mosaic (MOS) › Q1 2026
Mosaic (MOS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Mosaic (MOS) reported revenue of $3.0B for the first quarter 2026 (Q1 2026), +14% from a year earlier and +0.8% from the quarter before. Operating margin was -12.4%, net loss $254M (8.5% of revenue).
Mosaic, Q1 2026: revenue $3.0B (+14% year over year), operating margin -12.4%, net loss $254M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +0.8% | +14% |
| Operating profit | −$373M | — | -210% |
| Net earnings | −$254M | — | -207% |
| Operating cash flow | $104M | — | +143% |
What changed
Revenue was $3.0B in Q1 2026, up 14% year over year and up 1% from the previous quarter. Phosphate Crop Nutrients was the largest line at 35% of revenue. Phosphate Crop Nutrients added $0.32B year over year (up 45%), 85% of the total change. Phosphate Rock declined 76%.
Gross margin was 7.9%, down 10.8 points from Q1 2025. Operating costs exceeded revenue by $0.37B, an operating margin of -12.4%. Operating expenses grew 306% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+1631%). The quarter ended with a net loss of $0.25B, narrower than the previous quarter's $0.52B loss. Non-operating items added $0.09B, -30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.10B (up 143% year over year). Non-cash charges added back $0.32B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.36B exceeded it, leaving free cash flow of −$0.25B.
Questions
What was Mosaic's revenue in the first quarter 2026?
Mosaic (MOS) reported revenue of $3.0B for the first quarter 2026 (Q1 2026), +14% from a year earlier and +0.8% from the quarter before.
Was Mosaic profitable in the first quarter 2026?
Operating loss was $373M (-12.4% of revenue) and net loss $254M.
Source: Mosaic 10-Q on SEC EDGAR.