Filing Flows › Seaport Entertainment Group (SEG) › Q1 2026
Seaport Entertainment Group (SEG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Seaport Entertainment Group (SEG) reported revenue of $12.7M for the first quarter 2026 (Q1 2026), -21% from a year earlier and -57% from the quarter before. Operating margin was -333.8%, net loss $43.8M (343.5% of revenue).
Seaport Entertainment Group, Q1 2026: revenue $12.7M (-21% year over year), operating margin -333.8%, net loss $43.8M, operating cash flow −$10.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | -57% | -21% |
| Operating profit | −$42.5M | — | — |
| Net earnings | −$43.8M | — | — |
| Operating cash flow | −$10.3M | — | — |
What changed
Revenue was $12.7M in Q1 2026, down 21% year over year and down 57% from the previous quarter. Hospitality was the largest line at 40% of revenue. Hospitality lost $2.6M year over year (down 34%), 79% of the total change.
Operating costs exceeded revenue by $42.5M, an operating margin of -333.8%. Total costs grew 13% against a revenue fall of 21%. The fastest-growing cost line was Other operating costs (+21%). The quarter ended with a net loss of $43.8M, wider than the previous quarter's $36.5M loss.
Operating cash flow was −$10.3M. Non-cash charges added back $20.1M of depreciation and amortization. Working capital and other items added $13.3M.
Questions
What was Seaport Entertainment Group's revenue in the first quarter 2026?
Seaport Entertainment Group (SEG) reported revenue of $12.7M for the first quarter 2026 (Q1 2026), -21% from a year earlier and -57% from the quarter before.
Was Seaport Entertainment Group profitable in the first quarter 2026?
Operating loss was $42.5M (-333.8% of revenue) and net loss $43.8M.