Filing Flows › Netstreit (NTST) › Q1 2026
Netstreit (NTST) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 20, 2026
Netstreit (NTST) reported revenue of $57.1M for the first quarter 2026 (Q1 2026), +24% from a year earlier and +9% from the quarter before. Operating margin was 34.1%, net earnings $5.7M (10.0% of revenue).
Netstreit, Q1 2026: revenue $57.1M (+24% year over year), operating margin 34.1%, net earnings $5.7M, operating cash flow $26.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.1M | +9% | +24% |
| Operating profit | $19.4M | +34% | +71% |
| Net earnings | $5.7M | +330% | +236% |
| Operating cash flow | $26.3M | -9% | +19% |
| Free cash flow | $20.6M | -15% | +7% |
What changed
Revenue was $57.1M in Q1 2026, up 24% year over year and up 9% from the previous quarter.
Operating profit was $19.4M, a 34.1% margin (up 9.3 points year over year). Of the extra revenue versus Q1 2025, 73% reached operating profit, above the 25% margin then. Total costs grew 9% against revenue growth of 24%. The fastest-growing cost line was General & admin (+11%). Net earnings were $5.7M, up 236% year over year. The effective tax rate was 0.2%.
Operating cash flow was $26.3M (up 19% year over year), 461% of net earnings. Non-cash charges added back $24.5M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $5.7M left free cash flow of $20.6M.
Questions
What was Netstreit's revenue in the first quarter 2026?
Netstreit (NTST) reported revenue of $57.1M for the first quarter 2026 (Q1 2026), +24% from a year earlier and +9% from the quarter before.
Was Netstreit profitable in the first quarter 2026?
Operating profit was $19.4M (34.1% of revenue) and net earnings $5.7M.
Source: Netstreit 10-Q on SEC EDGAR.