Filing Flows › Primoris Services (PRIM) › Q1 2026
Primoris Services (PRIM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Primoris Services (PRIM) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), -5% from a year earlier and -16% from the quarter before. Operating margin was 1.6%, net earnings $17.4M (1.1% of revenue).
Primoris Services, Q1 2026: revenue $1.6B (-5% year over year), operating margin 1.6%, net earnings $17.4M, operating cash flow −$123M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -16% | -5% |
| Gross profit | $135M | -23% | -21% |
| Operating profit | $24.4M | -69% | -65% |
| Net earnings | $17.4M | -66% | -61% |
| Operating cash flow | −$123M | -186% | -285% |
What changed
Revenue was $1.6B in Q1 2026, down 5% year over year and down 16% from the previous quarter.
Gross margin was 8.6%, down 1.7 points from Q1 2025. Operating profit was $0.02B, a 1.6% margin (down 2.7 points year over year). Operating expenses grew 10% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+462%). Net earnings were $0.02B, down 61% year over year. The effective tax rate was 12.6%.
Operating cash flow was −$0.12B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.15B.
Questions
What was Primoris Services' revenue in the first quarter 2026?
Primoris Services (PRIM) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), -5% from a year earlier and -16% from the quarter before.
Was Primoris Services profitable in the first quarter 2026?
Operating profit was $24.4M (1.6% of revenue) and net earnings $17.4M.
Source: Primoris Services 10-Q on SEC EDGAR.