Filing Flows › Orion Properties (ONL) › Q3 2026
Orion Properties (ONL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Orion Properties (ONL) reported revenue of $35.4M for the third quarter 2026 (Q3 2026), -5% from a year earlier and +3% from the quarter before. Operating margin was 10.7%, net loss $3.3M (9.2% of revenue).
Orion Properties, Q3 2026: revenue $35.4M (-4% year over year), operating margin 10.7%, net loss $3.3M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.4M | +3% | -5% |
| Operating profit | $3.8M | +12% | — |
| Net earnings | −$3.3M | -113% | — |
| Operating cash flow | $10.0M | -38% | +74% |
| Free cash flow | $2.0M | — | — |
What changed
Revenue was $35.4M in Q3 2026, down 5% year over year and up 3% from the previous quarter. Rental Revenue was the largest line at 99% of revenue. Rental Revenue lost $1.7M year over year (down 5%), 100% of the total change.
Operating profit was $3.8M, a 10.7% margin (up 181.2 points year over year). Total costs fell 68% while revenue fell 5%. The quarter ended with a net loss of $3.3M, after a profit of $24.6M the previous quarter. Net interest and other expense of $7.0M was the main reason.
Operating cash flow was $10.0M (up 74% year over year). Non-cash charges added back $12.5M of depreciation and amortization and $804K of share-based compensation. Capital expenditures of $8.0M left free cash flow of $2.0M.
Questions
What was Orion Properties' revenue in the third quarter 2026?
Orion Properties (ONL) reported revenue of $35.4M for the third quarter 2026 (Q3 2026), -5% from a year earlier and +3% from the quarter before.
Was Orion Properties profitable in the third quarter 2026?
Operating profit was $3.8M (10.7% of revenue) and net loss $3.3M.
Source: Orion Properties 10-Q on SEC EDGAR.