Filing Flows › Portsmouth Square (PRSI) › Q2 FY26
Portsmouth Square (PRSI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 12, 2026
Portsmouth Square (PRSI) reported revenue of $12.7M for the second quarter fiscal 2026 (Q2 FY26), +27% from a year earlier and +2% from the quarter before. Operating margin was 7.9%, net loss $2.3M (18.1% of revenue).
Portsmouth Square, Q2 FY26: revenue $12.7M (+27% year over year), operating margin 7.9%, net loss $2.3M, operating cash flow −$952K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | +2% | +27% |
| Operating profit | $1.0M | +26% | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | −$952K | — | — |
What changed
Revenue was $12.7M in Q2 FY26, up 27% year over year and up 2% from the previous quarter. Hotel Rooms was the largest line at 87% of revenue. Hotel Rooms added $2.7M year over year (up 32%), 98% of the total change. Food and Beverage declined 5%.
Operating profit was $1.0M, a 7.9% margin (up 10.6 points year over year). Total costs grew 14% against revenue growth of 27%. The fastest-growing cost line was Cost of revenue (+15%). The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $2.6M loss. Net interest and other expense of $3.3M was the main reason.
Operating cash flow was −$1.0M. Non-cash charges added back $914K of depreciation and amortization. Working capital and other items added $425K. Capital expenditures of $457K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Portsmouth Square's revenue in the second quarter fiscal 2026?
Portsmouth Square (PRSI) reported revenue of $12.7M for the second quarter fiscal 2026 (Q2 FY26), +27% from a year earlier and +2% from the quarter before.
Was Portsmouth Square profitable in the second quarter fiscal 2026?
Operating profit was $1.0M (7.9% of revenue) and net loss $2.3M.
Source: Portsmouth Square 10-Q on SEC EDGAR.