Filing Flows › Stagwell (STGW) › Q1 2026
Stagwell (STGW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Stagwell (STGW) reported revenue of $704M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -13% from the quarter before. Operating margin was 1.4%, net loss $13.9M (2.0% of revenue).
Stagwell, Q1 2026: revenue $704M (+8% year over year), operating margin 1.4%, net loss $13.9M, operating cash flow −$26.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $704M | -13% | +8% |
| Operating profit | $9.6M | -83% | -47% |
| Net earnings | −$13.9M | -210% | — |
| Operating cash flow | −$26.5M | -110% | — |
What changed
Revenue was $704.1M in Q1 2026, up 8% year over year and down 13% from the previous quarter.
Operating profit was $9.6M, a 1.4% margin (down 1.4 points year over year). Operating profit fell $8.6M even though revenue rose $52.4M versus Q1 2025, so costs grew faster than sales. Total costs grew 10% against revenue growth of 8%. The fastest-growing cost line was Cost of revenue (+12%). The quarter ended with a net loss of $13.9M, after a profit of $16.8M the previous quarter. Minority interests bore $1.0M of it: to shareholders the quarter was a loss of $13.0M. Net interest and other expense of $26.5M was the main reason.
Operating cash flow was −$26.5M. Non-cash charges added back $44.3M of depreciation and amortization and $14.2M of share-based compensation. Working capital and other items used $71.1M. Capital expenditures of $10.7M exceeded it, leaving free cash flow of −$37.2M.
Questions
What was Stagwell's revenue in the first quarter 2026?
Stagwell (STGW) reported revenue of $704M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -13% from the quarter before.
Was Stagwell profitable in the first quarter 2026?
Operating profit was $9.6M (1.4% of revenue) and net loss $13.9M.
Source: Stagwell 10-Q on SEC EDGAR.