Filing Flows › Rayonier (RYN) › Q1 2026
Rayonier (RYN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Rayonier (RYN) reported revenue of $277M for the first quarter 2026 (Q1 2026), +234% from a year earlier and +136% from the quarter before. Operating margin was -16.5%, net loss $12.5M (4.5% of revenue).
Rayonier, Q1 2026: revenue $277M (+234% year over year), operating margin -16.5%, net loss $12.5M, operating cash flow $34.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +136% | +234% |
| Operating profit | −$45.7M | -269% | -77478% |
| Net earnings | −$12.5M | -148% | — |
| Operating cash flow | $34.6M | -33% | +25% |
| Free cash flow | $30.0M | -27% | +27% |
What changed
Revenue was $276.8M in Q1 2026, up 234% year over year and up 136% from the previous quarter. Sawtimber was the largest line at 24% of revenue. Total Real Estate Sales added $49.7M year over year (up 504%), 26% of the total change.
Operating costs exceeded revenue by $45.7M, an operating margin of -16.5%. Total costs grew 289% against revenue growth of 234%. The fastest-growing cost line was Other operating costs (+5678%). The quarter ended with a net loss of $12.5M, after a profit of $26.2M the previous quarter. Net interest and other expense of $6.3M was the main reason.
Operating cash flow was $34.6M (up 25% year over year). Non-cash charges added back $15.4M of share-based compensation. Working capital and other items added $31.7M. Capital expenditures of $4.5M left free cash flow of $30.0M.
Questions
What was Rayonier's revenue in the first quarter 2026?
Rayonier (RYN) reported revenue of $277M for the first quarter 2026 (Q1 2026), +234% from a year earlier and +136% from the quarter before.
Was Rayonier profitable in the first quarter 2026?
Operating loss was $45.7M (-16.5% of revenue) and net loss $12.5M.
Source: Rayonier 10-Q on SEC EDGAR.