Filing Flows › Perimeter Group (PRM) › Q1 2026
Perimeter Group (PRM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Perimeter Group (PRM) reported revenue of $125M for the first quarter 2026 (Q1 2026), +74% from a year earlier and +22% from the quarter before. Operating margin was 58.0%, net earnings $72.9M (58.3% of revenue).
Perimeter Group, Q1 2026: revenue $125M (+74% year over year), operating margin 58.0%, net earnings $72.9M, operating cash flow −$89.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | +22% | +74% |
| Gross profit | $50.8M | +9% | +80% |
| Operating profit | $72.5M | — | -7% |
| Net earnings | $72.9M | — | +29% |
| Operating cash flow | −$89.0M | -578% | -475% |
What changed
Revenue was $125.1M in Q1 2026, up 74% year over year and up 22% from the previous quarter. Revenues from products was the largest line at 98% of revenue. Revenues from products added $54.9M year over year (up 81%), 104% of the total change. Services and others declined 43%.
Gross margin was 40.6%, up 1.5 points from Q1 2025. Operating profit was $72.5M, a 58.0% margin (down 50.1 points year over year). Operating profit fell $5.3M even though revenue rose $53.0M versus Q1 2025, so costs grew faster than sales. Net earnings were $72.9M, up 29% year over year. The effective tax rate was -46.3%.
Operating cash flow was −$89.0M. Non-cash charges added back $27.1M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $191.6M. Capital expenditures of $5.8M exceeded it, leaving free cash flow of −$94.8M.
Questions
What was Perimeter Group's revenue in the first quarter 2026?
Perimeter Group (PRM) reported revenue of $125M for the first quarter 2026 (Q1 2026), +74% from a year earlier and +22% from the quarter before.
Was Perimeter Group profitable in the first quarter 2026?
Operating profit was $72.5M (58.0% of revenue) and net earnings $72.9M.
Source: Perimeter Group 10-Q on SEC EDGAR.