Q3 2026 Revenue down 68% year over year to $8.6M · 63¢ of every $1 of revenue lost · operating margin -61.7%
Site Centers made $8.6M in Q3 2026 (-68% Y/Y). Operating margin -61.7%, net loss $5.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Revenue$8.6M
Year over year-68%
Operating margin-61.7%
Net earnings−$5.4M
Operating cash flow−$6.1M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.6M in Q3 2026, down 68% year over year and down 20% from the previous quarter.
Operating costs exceeded revenue by $5.3M, an operating margin of -61.7%. Total costs fell 58% while revenue fell 68%. The quarter ended with a net loss of $5.4M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$6.1M. Non-cash charges added back $2.4M of depreciation and amortization and $292K of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $602K exceeded it, leaving free cash flow of −$6.7M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 2, 2026
$8.6M
-68%
-61.7%
−$5.4M
−$6.1M
Q2 2026
10-Q
Aug 3, 2026
$10.7M
-68%
-11.1%
−$1.3M
−$10.1M
Q1 2026
10-Q
May 7, 2026
$13.0M
-70%
5.8%
$938K
−$4.3M
Q4 2025
10-K
Feb 26, 2026
$20.5M
-41%
653.5%
$134M
−$8.5M
Q3 2025
10-Q
Nov 5, 2025
$27.1M
-56%
-22.0%
−$6.2M
$5.2M
Q2 2025
10-Q
Aug 5, 2025
$33.5M
-62%
139.5%
$46.5M
$17.2M
Q1 2025
10-Q
May 7, 2025
$42.6M
-55%
7.6%
$3.1M
$5.7M
Charts
Latest (Q3 2026): Y/Y -68%, Q/Q -20%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income −$5.4M, Operating cash flow −$6.1M.-72.9% since FY2020: buybacks shrank the count.Cash $54.6M, short-term investments —, long-term debt — at 2024-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
CURB · Stated in 10-K (named, share not stated) · source
CNK · Stated in 10-K (named, share not stated) · source
AMC · Stated in 10-K (named, share not stated) · source
KR · Stated in 10-K (named, share not stated) · source
BURL · Stated in 10-K (named, share not stated) · source
About Site Centers
SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.
In its own words, from its 8-K, filed Aug 3, 2026.
Site Centers against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -68% against the peers' median +11%. Operating margin: -61.7% against the peers' median 15.9%.