Filing Flows › People (PPLI) › Q1 2026
People (PPLI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
People (PPLI) reported revenue of $423M for the first quarter 2026 (Q1 2026), -12% from a year earlier and -35% from the quarter before. Operating margin was -9.5%, net loss $70.7M (16.7% of revenue).
People, Q1 2026: revenue $423M (-12% year over year), operating margin -9.5%, net loss $70.7M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $423M | -35% | -12% |
| Operating profit | −$40.1M | — | -212% |
| Net earnings | −$70.7M | — | — |
| Operating cash flow | $10.0M | -73% | — |
| Free cash flow | $2.0M | -94% | — |
What changed
Revenue was $422.9M in Q1 2026, down 12% year over year and down 35% from the previous quarter.
Operating costs exceeded revenue by $40.1M, an operating margin of -9.5%. Total costs grew 1% against a revenue fall of 12%. The fastest-growing cost line was General & admin (+139%). The quarter ended with a net loss of $70.7M, narrower than the previous quarter's $75.8M loss. Net interest and other expense of $46.2M was the main reason.
Operating cash flow was $10.0M. Non-cash charges added back $26.4M of depreciation and amortization and $16.4M of share-based compensation. Working capital and other items added $37.9M. Capital expenditures of $8.0M left free cash flow of $2.0M.
Questions
What was People's revenue in the first quarter 2026?
People (PPLI) reported revenue of $423M for the first quarter 2026 (Q1 2026), -12% from a year earlier and -35% from the quarter before.
Was People profitable in the first quarter 2026?
Operating loss was $40.1M (-9.5% of revenue) and net loss $70.7M.
Source: People 10-Q on SEC EDGAR.