Filing Flows › Planet Green Holdings (PLAG) › Q1 2026
Planet Green Holdings (PLAG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Planet Green Holdings (PLAG) reported revenue of $6.4M for the first quarter 2026 (Q1 2026), +657% from a year earlier and up 12-fold from the quarter before. Operating margin was 8.7%, net earnings $312K (4.9% of revenue).
Planet Green Holdings, Q1 2026: revenue $6.4M (+657% year over year), operating margin 8.7%, net earnings $312K, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4M | 12× | +657% |
| Gross profit | $1.5M | 166× | 28× |
| Operating profit | $554K | — | — |
| Net earnings | $312K | — | — |
| Operating cash flow | $4.6M | — | — |
| Free cash flow | $4.6M | — | — |
What changed
Revenue was $6.4M in Q1 2026, up 657% year over year and up 1119% from the previous quarter.
Gross margin was 24.1%, up 17.5 points from Q1 2025. Operating profit was $554K, a 8.7% margin (up 82.7 points year over year). Operating expenses grew 44% against revenue growth of 657%. The fastest-growing cost line was General & admin (+46%). Net earnings were $312K. The effective tax rate was 0.0%.
Operating cash flow was $4.6M, 911% of net income including minority interests. Non-cash charges added back $201K of depreciation and amortization. Working capital and other items added $3.9M. Capital expenditures of $14K left free cash flow of $4.6M.
Questions
What was Planet Green Holdings' revenue in the first quarter 2026?
Planet Green Holdings (PLAG) reported revenue of $6.4M for the first quarter 2026 (Q1 2026), +657% from a year earlier and up 12-fold from the quarter before.
Was Planet Green Holdings profitable in the first quarter 2026?
Operating profit was $554K (8.7% of revenue) and net earnings $312K.