Filing Flows › Medical Properties Trust (MPT) › Q1 2026
Medical Properties Trust (MPT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Medical Properties Trust (MPT) reported revenue of $252M for the first quarter 2026 (Q1 2026), +13% from a year earlier and -7% from the quarter before. Operating margin was 2.7%, net earnings $32.8M (13.0% of revenue).
Medical Properties Trust, Q1 2026: revenue $252M (+13% year over year), operating margin 2.7%, net earnings $32.8M, operating cash flow −$14.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $252M | -7% | +13% |
| Operating profit | $6.9M | -81% | — |
| Net earnings | $32.8M | +90% | — |
| Operating cash flow | −$14.3M | -109% | -3813% |
What changed
Revenue was $252.1M in Q1 2026, up 13% year over year and down 7% from the previous quarter.
Operating profit was $6.9M, a 2.7% margin (up 5.2 points year over year). Total costs grew 7% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+20%). Net earnings were $32.8M. The tax line was a benefit of $32.8M on pre-tax earnings of $285K.
Operating cash flow was −$14.3M. Non-cash charges added back $73.3M of depreciation and amortization and $573K of share-based compensation. Working capital and other items used $121.3M.
Questions
What was Medical Properties Trust's revenue in the first quarter 2026?
Medical Properties Trust (MPT) reported revenue of $252M for the first quarter 2026 (Q1 2026), +13% from a year earlier and -7% from the quarter before.
Was Medical Properties Trust profitable in the first quarter 2026?
Operating profit was $6.9M (2.7% of revenue) and net earnings $32.8M.