Filing Flows › Site Centers (SITC) › Q1 2026
Site Centers (SITC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Site Centers (SITC) reported revenue of $13.0M for the first quarter 2026 (Q1 2026), -69% from a year earlier and -36% from the quarter before. Operating margin was 5.8%, net earnings $938K (7.2% of revenue).
Site Centers, Q1 2026: revenue $13.0M (-70% year over year), operating margin 5.8%, net earnings $938K, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.0M | -36% | -69% |
| Operating profit | $756K | -99% | -77% |
| Net earnings | $938K | -99% | -70% |
| Operating cash flow | −$4.3M | — | -175% |
What changed
Revenue was $13.0M in Q1 2026, down 69% year over year and down 36% from the previous quarter.
Operating profit was $756K, a 5.8% margin (down 1.8 points year over year). Total costs fell 69% while revenue fell 69%. Net earnings were $938K, down 70% year over year. The effective tax rate was -24.1%.
Operating cash flow was −$4.3M. Non-cash charges added back $5.0M of depreciation and amortization and $282K of share-based compensation. Working capital and other items used $10.5M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$7.2M.
Questions
What was Site Centers' revenue in the first quarter 2026?
Site Centers (SITC) reported revenue of $13.0M for the first quarter 2026 (Q1 2026), -69% from a year earlier and -36% from the quarter before.
Was Site Centers profitable in the first quarter 2026?
Operating profit was $756K (5.8% of revenue) and net earnings $938K.
Source: Site Centers 10-Q on SEC EDGAR.