Filing Flows › Tecnoglass Holdings (TGLS) › Q1 2026
Tecnoglass Holdings (TGLS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Tecnoglass Holdings (TGLS) reported revenue of $249M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +2% from the quarter before. Operating margin was 18.0%, net earnings $31.9M (12.8% of revenue).
Tecnoglass Holdings, Q1 2026: revenue $249M (+12% year over year), operating margin 18.0%, net earnings $31.9M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $249M | +2% | +12% |
| Gross profit | $95.8M | -2% | -2% |
| Operating profit | $44.9M | +0.3% | -24% |
| Net earnings | $31.9M | +22% | -24% |
| Operating cash flow | $6.7M | -78% | -86% |
What changed
Revenue was $249.0M in Q1 2026, up 12% year over year and up 2% from the previous quarter. Commercial was the largest line at 64% of revenue. Commercial added $27.2M year over year (up 20%), 102% of the total change. Residential declined 1%.
Gross margin was 38.5%, down 5.4 points from Q1 2025. Operating profit was $44.9M, a 18.0% margin (down 8.6 points year over year). Operating profit fell $14.4M even though revenue rose $26.7M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 33% against revenue growth of 12%. Net earnings were $31.9M, down 24% year over year. The effective tax rate was 27.2%.
Operating cash flow was $6.7M (down 86% year over year), 21% of net earnings. Non-cash charges added back $10.7M of depreciation and amortization. Working capital and other items used $35.9M. Capital expenditures of $17.3M exceeded it, leaving free cash flow of −$10.5M.
Questions
What was Tecnoglass Holdings' revenue in the first quarter 2026?
Tecnoglass Holdings (TGLS) reported revenue of $249M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +2% from the quarter before.
Was Tecnoglass Holdings profitable in the first quarter 2026?
Operating profit was $44.9M (18.0% of revenue) and net earnings $31.9M.