Filing Flows › Latham Group (SWIM) › Q2 2026
Latham Group (SWIM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Latham Group (SWIM) reported revenue of $197M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +68% from the quarter before. Operating margin was 12.7%, net earnings $12.8M (6.5% of revenue).
Latham Group, Q2 2026: revenue $197M (+14% year over year), operating margin 12.7%, net earnings $12.8M, operating cash flow $53.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +68% | +14% |
| Gross profit | $70.1M | +89% | +10% |
| Operating profit | $25.1M | — | +1% |
| Net earnings | $12.8M | — | -20% |
| Operating cash flow | $53.5M | — | +49% |
| Free cash flow | $48.0M | — | +65% |
What changed
Revenue was $197.5M in Q2 2026, up 14% year over year and up 68% from the previous quarter. In-ground Swimming Pools was the largest line at 49% of revenue. In-ground Swimming Pools added $17.7M year over year (up 23%), 71% of the total change.
Gross margin was 35.5%, down 1.6 points from Q2 2025. Operating profit was $25.1M, a 12.7% margin (down 1.6 points year over year). Of the extra revenue versus Q2 2025, 1% reached operating profit, below the 14% margin then. Operating expenses grew 15% against revenue growth of 14%. The fastest-growing cost line was SG&A (+18%). Net earnings were $12.8M, down 20% year over year. The effective tax rate was 32.4%.
Operating cash flow was $53.5M (up 49% year over year), 419% of net earnings. Non-cash charges added back $13.7M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $25.5M. Capital expenditures of $5.6M left free cash flow of $48.0M.
Questions
What was Latham Group's revenue in the second quarter 2026?
Latham Group (SWIM) reported revenue of $197M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +68% from the quarter before.
Was Latham Group profitable in the second quarter 2026?
Operating profit was $25.1M (12.7% of revenue) and net earnings $12.8M.
Source: Latham Group 10-Q on SEC EDGAR.