Filing Flows › Turning Point Brands (TPB) › Q1 2026
Turning Point Brands (TPB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Turning Point Brands (TPB) reported revenue of $124M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +3% from the quarter before. Operating margin was 10.0%, net earnings $11.7M (9.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | +3% | +17% |
| Gross profit | $68.3M | +0.9% | +15% |
| Operating profit | $12.5M | -37% | -46% |
| Net earnings | $11.7M | +42% | -19% |
| Operating cash flow | −$22.3M | -190% | -228% |
What changed
Revenue was $124.3M in Q1 2026, up 17% year over year and up 3% from the previous quarter.
Gross margin was 55.0%, down 1.1 points from Q1 2025. Operating profit was $12.5M, a 10.0% margin (down 11.7 points year over year). Operating profit fell $10.7M even though revenue rose $17.8M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 53% against revenue growth of 17%. Net earnings were $11.7M, down 19% year over year. The effective tax rate was -25.2%.
Operating cash flow was −$22.3M. Non-cash charges added back $2.9M of share-based compensation. Working capital and other items used $39.1M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$27.4M.
Questions
What was Turning Point Brands' revenue in the first quarter 2026?
Turning Point Brands (TPB) reported revenue of $124M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +3% from the quarter before.
Was Turning Point Brands profitable in the first quarter 2026?
Operating profit was $12.5M (10.0% of revenue) and net earnings $11.7M.