Filing Flows › Primo Brands (PRMB) › Q1 2026
Primo Brands (PRMB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Primo Brands (PRMB) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and +5% from the quarter before. Operating margin was 8.5%, net earnings $27.3M (1.7% of revenue).
Primo Brands, Q1 2026: revenue $1.6B (+0.8% year over year), operating margin 8.5%, net earnings $27.3M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +5% | +0.8% |
| Gross profit | $465M | +8% | -11% |
| Operating profit | $138M | +667% | -10% |
| Net earnings | $27.3M | — | -5% |
| Operating cash flow | $104M | -49% | +168% |
What changed
Revenue was $1.6B in Q1 2026, up 1% year over year and up 5% from the previous quarter. Regional spring water was the largest line at 49% of revenue. Premium water added $0.03B year over year (up 43%), 255% of the total change. Other water declined 12%.
Gross margin was 28.6%, down 3.7 points from Q1 2025. Operating profit was $0.14B, a 8.5% margin (down 1.0 points year over year). Operating profit fell $0.02B even though revenue rose $0.01B versus Q1 2025, so costs grew faster than sales. Operating expenses fell 11% while revenue rose 1%. Net earnings were $0.03B, down 5% year over year. The effective tax rate was 33.1%.
Operating cash flow was $0.10B (up 168% year over year), 380% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$700K.
Questions
What was Primo Brands' revenue in the first quarter 2026?
Primo Brands (PRMB) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and +5% from the quarter before.
Was Primo Brands profitable in the first quarter 2026?
Operating profit was $138M (8.5% of revenue) and net earnings $27.3M.
Source: Primo Brands 10-Q on SEC EDGAR.