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Power REIT (PW) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 15, 2026

Power REIT (PW) reported revenue of $480K for the first quarter 2026 (Q1 2026), -1% from a year earlier and -5% from the quarter before. Operating margin was -76.0%, net loss $893K (185.9% of revenue).

Revenue$480K
Year over year-1%
Quarter over quarter-5%
Operating margin-76.0%
Net earnings−$893K

Power REIT, Q1 2026: revenue $480K (-1% year over year), operating margin -76.0%, net loss $893K, operating cash flow −$147K. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$480K-5%-1%
Operating profit−$365K——
Net earnings−$893K——
Operating cash flow−$147K-211%—

What changed

Revenue was $480K in Q1 2026, down 1% year over year and down 5% from the previous quarter.

Operating costs exceeded revenue by $365K, an operating margin of -76.0%. Total costs fell 55% while revenue fell 1%. The quarter ended with a net loss of $893K, narrower than the previous quarter's $1.3M loss. Net interest and other expense of $528K was the main reason.

Operating cash flow was −$147K. Non-cash charges added back $68K of depreciation and amortization. Working capital and other items added $678K.

Questions

What was Power REIT's revenue in the first quarter 2026?

Power REIT (PW) reported revenue of $480K for the first quarter 2026 (Q1 2026), -1% from a year earlier and -5% from the quarter before.

Was Power REIT profitable in the first quarter 2026?

Operating loss was $365K (-76.0% of revenue) and net loss $893K.

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Source: Power REIT 10-Q on SEC EDGAR.