Filing Flows › Turning Point Brands (TPB) › Q2 2026 › vs Q1 2026
Turning Point Brands (TPB) Q2 2026 vs Q1 2026 (quarter over quarter)
Turning Point Brands's revenue rose $18.7M (+15%) from $124M in Q1 2026 to $143M in Q2 2026. Gross margin 65.5% against 55.0% (+10.6 pts).
Turning Point Brands, Q2 2026: revenue $143M (+23% year over year), operating margin 11.7%, net earnings $3.6M, operating cash flow $26.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 65.5% | 55.0% | +10.6 pts |
| Operating margin | 11.7% | 10.0% | +1.6 pts |
| Net margin | 2.5% | 9.4% | -6.9 pts |
| Free cash flow margin | 18.4% | -22.0% | +40.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $143M | $124M | $18.7M | +15% |
| Gross profit | $93.7M | $68.3M | $25.4M | +37% |
| Cost of revenue | $49.3M | $56.0M | −$6.7M | -12% |
| Operating profit | $16.7M | $12.5M | $4.2M | +34% |
| Operating expenses | $77.0M | $55.8M | $21.2M | +38% |
| Pre-tax earnings | $14.0M | $11.1M | $2.9M | +26% |
| Other expense, net | $2.7M | $1.4M | $1.4M | +102% |
| Net earnings | $3.6M | $11.7M | −$8.1M | -69% |
| Minority interests | $6.7M | $2.3M | $4.4M | +195% |
| Income tax | $3.7M | −$2.8M | $6.5M | — |
| Share-based compensation | $2.7M | $2.9M | −$237K | -8% |
| Working capital & other | $20.0M | −$36.9M | $56.9M | — |
| Operating cash flow | $26.3M | −$22.3M | $48.6M | — |
| Free cash flow (OCF − capex) | $26.2M | −$27.4M | $53.6M | — |
| Capital expenditures | $88K | $5.1M | −$5.1M | -98% |
Questions
How much did Turning Point Brands's revenue grow quarter over quarter in Q2 2026?
Turning Point Brands's revenue rose $18.7M (+15%) from $124M in Q1 2026 to $143M in Q2 2026. Gross margin 65.5% against 55.0% (+10.6 pts).