Filing Flows › Rocky Brands (RCKY) › Q1 2026
Rocky Brands (RCKY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Rocky Brands (RCKY) reported revenue of $124M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -11% from the quarter before. Operating margin was 2.9%, net earnings $1.3M (1.0% of revenue).
Rocky Brands, Q1 2026: revenue $124M (+9% year over year), operating margin 2.9%, net earnings $1.3M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | -11% | +9% |
| Gross profit | $45.4M | -21% | -3% |
| Operating profit | $3.6M | -62% | -58% |
| Net earnings | $1.3M | -81% | -75% |
| Operating cash flow | $1.9M | -89% | +53% |
| Free cash flow | $744K | -96% | +41% |
What changed
Revenue was $124.4M in Q1 2026, up 9% year over year and down 11% from the previous quarter. Wholesale was the largest line at 63% of revenue. Retail added $6.1M year over year (up 17%), 59% of the total change.
Gross margin was 36.5%, down 4.7 points from Q1 2025. Operating profit was $3.6M, a 2.9% margin (down 4.7 points year over year). Operating profit fell $5.1M even though revenue rose $10.3M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 9%. Net earnings were $1.3M, down 75% year over year. The effective tax rate was 21.4%.
Operating cash flow was $1.9M (up 53% year over year), 150% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $457K of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $1.1M left free cash flow of $744K.
Questions
What was Rocky Brands' revenue in the first quarter 2026?
Rocky Brands (RCKY) reported revenue of $124M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -11% from the quarter before.
Was Rocky Brands profitable in the first quarter 2026?
Operating profit was $3.6M (2.9% of revenue) and net earnings $1.3M.
Source: Rocky Brands 10-Q on SEC EDGAR.