Filing Flows › Tanger (SKT) › Q1 2026
Tanger (SKT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Tanger (SKT) reported revenue of $150M for the first quarter 2026 (Q1 2026), +11% from a year earlier. Operating margin was 17.3%, net earnings $28.3M (18.8% of revenue).
Tanger, Q1 2026: revenue $150M (+11% year over year), operating margin 17.3%, net earnings $28.3M, operating cash flow $36.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | — | +11% |
| Operating profit | $26.0M | — | +48% |
| Net earnings | $28.3M | — | +47% |
| Operating cash flow | $36.3M | — | -12% |
| Free cash flow | $15.5M | — | -50% |
What changed
Revenue was $150.4M in Q1 2026, up 11% year over year.
Operating profit was $26.0M, a 17.3% margin (up 4.3 points year over year). Of the extra revenue versus Q1 2025, 56% reached operating profit, above the 13% margin then. Total costs grew 6% against revenue growth of 11%. Net earnings were $28.3M, up 47% year over year. The effective tax rate was -13.3%.
Operating cash flow was $36.3M (down 12% year over year), 124% of net income including minority interests. Non-cash charges added back $40.4M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $37.0M. Capital expenditures of $20.8M left free cash flow of $15.5M.
Questions
What was Tanger's revenue in the first quarter 2026?
Tanger (SKT) reported revenue of $150M for the first quarter 2026 (Q1 2026), +11% from a year earlier.
Was Tanger profitable in the first quarter 2026?
Operating profit was $26.0M (17.3% of revenue) and net earnings $28.3M.
Source: Tanger 10-Q on SEC EDGAR.