Filing Flows › NewLake Capital Partners (NLCP) › Q2 2026
NewLake Capital Partners (NLCP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
NewLake Capital Partners (NLCP) reported revenue of $12.1M for the second quarter 2026 (Q2 2026), -7% from a year earlier and -2% from the quarter before. Operating margin was 50.8%, net earnings $5.9M (48.8% of revenue).
NewLake Capital Partners, Q2 2026: revenue $12.1M (-6% year over year), operating margin 50.8%, net earnings $5.9M, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.1M | -2% | -7% |
| Operating profit | $6.1M | +2% | -19% |
| Net earnings | $5.9M | +2% | -19% |
| Operating cash flow | $10.5M | +0.6% | -9% |
What changed
Revenue was $12.1M in Q2 2026, down 7% year over year and down 2% from the previous quarter.
Operating profit was $6.1M, a 50.8% margin (down 7.7 points year over year). Total costs grew 11% against a revenue fall of 7%. The fastest-growing cost line was General & admin (+35%). Net earnings were $5.9M, down 19% year over year. The effective tax rate was 0.0%.
Operating cash flow was $10.5M (down 9% year over year), 174% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $348K of share-based compensation.
Questions
What was NewLake Capital Partners' revenue in the second quarter 2026?
NewLake Capital Partners (NLCP) reported revenue of $12.1M for the second quarter 2026 (Q2 2026), -7% from a year earlier and -2% from the quarter before.
Was NewLake Capital Partners profitable in the second quarter 2026?
Operating profit was $6.1M (50.8% of revenue) and net earnings $5.9M.