Filing Flows › NewLake Capital Partners (NLCP) › Q1 2026
NewLake Capital Partners (NLCP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
NewLake Capital Partners (NLCP) reported revenue of $12.3M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -0.3% from the quarter before. Operating margin was 48.9%, net earnings $5.8M (46.9% of revenue).
NewLake Capital Partners, Q1 2026: revenue $12.3M (-7% year over year), operating margin 48.9%, net earnings $5.8M, operating cash flow $10.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.3M | -0.3% | -7% |
| Operating profit | $6.0M | -4% | -7% |
| Net earnings | $5.8M | -4% | -8% |
| Operating cash flow | $10.4M | +3% | +2% |
What changed
Revenue was $12.3M in Q1 2026, down 7% year over year and roughly flat from the previous quarter.
Operating profit was $6.0M, a 48.9% margin (down 0.3 points year over year). Total costs fell 6% while revenue fell 7%. Net earnings were $5.8M, down 8% year over year. The effective tax rate was 0.0%.
Operating cash flow was $10.4M (up 2% year over year), 177% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $299K of share-based compensation.
Questions
What was NewLake Capital Partners' revenue in the first quarter 2026?
NewLake Capital Partners (NLCP) reported revenue of $12.3M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -0.3% from the quarter before.
Was NewLake Capital Partners profitable in the first quarter 2026?
Operating profit was $6.0M (48.9% of revenue) and net earnings $5.8M.