Filing Flows › Turning Point Brands (TPB) › Q1 2026 › vs Q4 2025
Turning Point Brands (TPB) Q1 2026 vs Q4 2025 (quarter over quarter)
Turning Point Brands's revenue rose $3.3M (+3%) from $121M in Q4 2025 to $124M in Q1 2026. Gross margin 55.0% against 55.9% (-1.0 pts).
Turning Point Brands, Q1 2026: revenue $124M (+17% year over year), operating margin 10.0%, net earnings $11.7M, operating cash flow −$22.3M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.0% | 55.9% | -1.0 pts |
| Operating margin | 10.0% | 16.5% | -6.4 pts |
| Net margin | 9.4% | 6.8% | +2.6 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $124M | $121M | $3.3M | +3% |
| Gross profit | $68.3M | $67.7M | $641K | +0.9% |
| Cost of revenue | $56.0M | $53.4M | $2.6M | +5% |
| Operating profit | $12.5M | $19.9M | −$7.4M | -37% |
| Operating expenses | $55.8M | $47.7M | $8.1M | +17% |
| Pre-tax earnings | $11.1M | $13.9M | −$2.7M | -20% |
| Other expense, net | $1.4M | $6.0M | −$4.7M | -78% |
| Income tax benefit | $2.8M | −$2.2M | $5.0M | — |
| Net earnings | $11.7M | $8.2M | $3.5M | +42% |
| Minority interests | $2.3M | $3.4M | −$1.2M | -34% |
| Operating cash sources | $36.9M | −$14.9M | $51.7M | — |
| Share-based compensation | $2.9M | $1.8M | $1.1M | +63% |
| Cash used in operations | $22.3M | −$24.9M | $47.1M | — |
| Working capital & other | $36.9M | −$14.9M | $51.7M | — |
Questions
How much did Turning Point Brands's revenue grow quarter over quarter in Q1 2026?
Turning Point Brands's revenue rose $3.3M (+3%) from $121M in Q4 2025 to $124M in Q1 2026. Gross margin 55.0% against 55.9% (-1.0 pts).