Filing Flows › Latham Group (SWIM) › Q1 2026
Latham Group (SWIM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Latham Group (SWIM) reported revenue of $117M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +17% from the quarter before. Operating margin was -5.6%, net loss $8.5M (7.3% of revenue).
Latham Group, Q1 2026: revenue $117M (+5% year over year), operating margin -5.6%, net loss $8.5M, operating cash flow −$47.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $117M | +17% | +5% |
| Operating profit | −$6.6M | — | — |
| Net earnings | −$8.5M | — | — |
| Operating cash flow | −$47.7M | -305% | — |
What changed
Revenue was $117.3M in Q1 2026, up 5% year over year and up 17% from the previous quarter. In-ground Swimming Pools was the largest line at 51% of revenue. Liners added $2.0M year over year (up 9%), 34% of the total change.
Gross margin was 31.7%, up 2.2 points from Q1 2025. Operating costs exceeded revenue by $6.6M, an operating margin of -5.6%. Operating expenses grew 16% against revenue growth of 5%. The fastest-growing cost line was SG&A (+19%). The quarter ended with a net loss of $8.5M, wider than the previous quarter's $7.0M loss. Net interest and other expense of $4.7M was the main reason.
Operating cash flow was −$47.7M. Non-cash charges added back $13.1M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $53.4M. Capital expenditures of $10.5M exceeded it, leaving free cash flow of −$58.2M.
Questions
What was Latham Group's revenue in the first quarter 2026?
Latham Group (SWIM) reported revenue of $117M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +17% from the quarter before.
Was Latham Group profitable in the first quarter 2026?
Operating loss was $6.6M (-5.6% of revenue) and net loss $8.5M.
Source: Latham Group 10-Q on SEC EDGAR.