Filing Flows › Portillo's (PTLO) › Q1 2026
Portillo's (PTLO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Portillo's (PTLO) reported revenue of $183M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before. Operating margin was 2.5%, net loss $509K (0.3% of revenue).
Portillo's, Q1 2026: revenue $183M (+4% year over year), operating margin 2.5%, net loss $509K, operating cash flow $17.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | -2% | +4% |
| Operating profit | $4.5M | -57% | -57% |
| Net earnings | −$509K | -108% | -115% |
| Operating cash flow | $17.6M | -24% | +86% |
What changed
Revenue was $182.6M in Q1 2026, up 4% year over year and down 2% from the previous quarter.
Operating profit was $4.5M, a 2.5% margin (down 3.4 points year over year). Operating profit fell $5.9M even though revenue rose $6.2M versus Q1 2025, so costs grew faster than sales. Total costs grew 7% against revenue growth of 4%. The quarter ended with a net loss of $509K, after a profit of $6.3M the previous quarter. Net interest and other expense of $5.2M was the main reason.
Operating cash flow was $17.6M (up 86% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $6.9M. Capital expenditures of $18.5M exceeded it, leaving free cash flow of −$907K.
Questions
What was Portillo's revenue in the first quarter 2026?
Portillo's (PTLO) reported revenue of $183M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before.
Was Portillo's profitable in the first quarter 2026?
Operating profit was $4.5M (2.5% of revenue) and net loss $509K.
Source: Portillo's 10-Q on SEC EDGAR.