Filing Flows › Seritage Growth Properties (SRG-PA) › Q1 2026
Seritage Growth Properties (SRG-PA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Seritage Growth Properties (SRG-PA) reported revenue of $2.0M for the first quarter 2026 (Q1 2026), -55% from a year earlier and -51% from the quarter before. Operating margin was -265.2%.
Seritage Growth Properties, Q1 2026: revenue $2.0M (-55% year over year), operating margin -265.2%, net loss $30.3M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | -51% | -55% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$30.3M | — | — |
| Operating cash flow | −$5.7M | — | — |
What changed
Revenue was $2.0M in Q1 2026, down 55% year over year and down 51% from the previous quarter.
Operating costs exceeded revenue by $5.4M, an operating margin of -265.2%. Total costs fell 65% while revenue fell 55%. The quarter ended with a net loss of $30.3M, wider than the previous quarter's $5.1M loss. Net interest and other expense of $24.9M was the main reason.
Operating cash flow was −$5.7M. Non-cash charges added back $400K of depreciation and amortization. Working capital and other items added $24.2M. Capital expenditures of $144K exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Seritage Growth Properties' revenue in the first quarter 2026?
Seritage Growth Properties (SRG-PA) reported revenue of $2.0M for the first quarter 2026 (Q1 2026), -55% from a year earlier and -51% from the quarter before.
Was Seritage Growth Properties profitable in the first quarter 2026?
Operating loss was $5.4M (-265.2% of revenue) and net loss $30.3M.