Filing Flows › Portsmouth Square (PRSI) › Q1 FY26
Portsmouth Square (PRSI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
Portsmouth Square (PRSI) reported revenue of $12.4M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +0.4% from the quarter before. Operating margin was 6.4%, net loss $2.6M (20.8% of revenue).
Portsmouth Square, Q1 FY26: revenue $12.4M (+5% year over year), operating margin 6.4%, net loss $2.6M, operating cash flow −$617K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4M | +0.4% | +5% |
| Operating profit | $797K | -28% | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$617K | -120% | — |
What changed
Revenue was $12.4M in Q1 FY26, up 5% year over year and roughly flat from the previous quarter. Hotel Rooms was the largest line at 84% of revenue. Hotel Rooms added $318K year over year (up 3%), 53% of the total change.
Operating profit was $797K, a 6.4% margin (down 8.6 points year over year). Operating profit fell $1.0M even though revenue rose $598K versus a year earlier, so costs grew faster than sales. Total costs grew 16% against revenue growth of 5%. The fastest-growing cost line was Cost of revenue (+19%). The quarter ended with a net loss of $2.6M, wider than the previous quarter's $2.5M loss. Net interest and other expense of $3.4M was the main reason.
Operating cash flow was −$617K. Non-cash charges added back $874K of depreciation and amortization. Working capital and other items added $1.1M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Portsmouth Square's revenue in the first quarter fiscal 2026?
Portsmouth Square (PRSI) reported revenue of $12.4M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +0.4% from the quarter before.
Was Portsmouth Square profitable in the first quarter fiscal 2026?
Operating profit was $797K (6.4% of revenue) and net loss $2.6M.
Source: Portsmouth Square 10-Q on SEC EDGAR.