Filing Flows › Belpointe Prep, LLC (OZ) › Q2 2026
Belpointe Prep, LLC (OZ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Belpointe Prep, LLC (OZ) reported revenue of $5.4M for the second quarter 2026 (Q2 2026), +168% from a year earlier and +27% from the quarter before. Operating margin was -172.5%, net loss $9.3M (172.5% of revenue).
Belpointe Prep, LLC, Q2 2026: revenue $5.4M (+168% year over year), operating margin -172.5%, net loss $9.3M, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4M | +27% | +168% |
| Operating profit | −$9.3M | — | — |
| Net earnings | −$9.3M | — | — |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $5.4M in Q2 2026, up 168% year over year and up 27% from the previous quarter.
Operating costs exceeded revenue by $9.3M, an operating margin of -172.5%. Total costs grew 52% against revenue growth of 168%. The fastest-growing cost line was Other operating costs (+59%). The quarter ended with a net loss of $9.3M, narrower than the previous quarter's $10.7M loss. Minority interests bore $13K of it: to shareholders the quarter was a loss of $9.2M.
Operating cash flow was −$3.9M. Non-cash charges added back $3.8M of depreciation and amortization. Working capital and other items added $1.6M. Capital expenditures of $0.9M exceeded it, leaving free cash flow of −$4.9M.
Questions
What was Belpointe Prep, LLC's revenue in the second quarter 2026?
Belpointe Prep, LLC (OZ) reported revenue of $5.4M for the second quarter 2026 (Q2 2026), +168% from a year earlier and +27% from the quarter before.
Was Belpointe Prep, LLC profitable in the second quarter 2026?
Operating loss was $9.3M (-172.5% of revenue) and net loss $9.3M.