Filing Flows › Prairie Operating (PROP) › Q1 2026 › vs Q4 2025
Prairie Operating (PROP) Q1 2026 vs Q4 2025 (quarter over quarter)
Prairie Operating's revenue rose $407K (+0.5%) from $83.0M in Q4 2025 to $83.4M in Q1 2026.
Prairie Operating, Q1 2026: revenue $83.4M (+514% year over year), operating margin -229.1%, net loss $153M, operating cash flow $42.3M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.8% | 42.2% | -32.3 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $83.4M | $83.0M | $407K | +0.5% |
| Income tax benefit | $38.4M | −$21.7M | $60.0M | — |
| Net loss | $153M | $2.3M | $150M | 66× |
| Costs & expenses | $274M | $86.8M | $188M | +216% |
| Operating costs | $274M | $65.2M | $209M | +321% |
| General & admin | $16.9M | $16.3M | $540K | +3% |
| Other operating costs | $258M | $48.8M | $209M | +428% |
| Operating cash sources | $195M | $88.8M | $106M | +119% |
| Depreciation & amortization | $15.8M | $18.6M | −$2.7M | -15% |
| Share-based compensation | $5.7M | $6.9M | −$1.2M | -17% |
| Working capital & other | $173M | $63.3M | $110M | +174% |
| Net loss absorbed | $153M | $2.3M | $150M | 66× |
| Operating cash flow | $42.3M | $86.5M | −$44.2M | -51% |
| Free cash flow (OCF − capex) | $8.2M | $35.0M | −$26.8M | -77% |
| Capital expenditures | $34.1M | $51.5M | −$17.4M | -34% |
Questions
How much did Prairie Operating's revenue grow quarter over quarter in Q1 2026?
Prairie Operating's revenue rose $407K (+0.5%) from $83.0M in Q4 2025 to $83.4M in Q1 2026.