Filing Flows › Terra Property Trust (TPTS) › Q1 2026
Terra Property Trust (TPTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Terra Property Trust (TPTS) reported revenue of $3.2M for the first quarter 2026 (Q1 2026), -74% from a year earlier and -55% from the quarter before. Operating margin was -311.5%, net loss $15.0M (468.3% of revenue).
Terra Property Trust, Q1 2026: revenue $3.2M (-74% year over year), operating margin -311.5%, net loss $15.0M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | -55% | -74% |
| Operating profit | −$10.0M | — | -345% |
| Net earnings | −$15.0M | — | — |
| Operating cash flow | −$1.5M | -136% | -271% |
What changed
Revenue was $3.2M in Q1 2026, down 74% year over year and down 55% from the previous quarter.
Operating costs exceeded revenue by $10.0M, an operating margin of -311.5%. Total costs grew 58% against a revenue fall of 74%. The quarter ended with a net loss of $15.0M, wider than the previous quarter's $10.6M loss.
Operating cash flow was −$1.5M. Non-cash charges added back $855K of depreciation and amortization. Working capital and other items added $12.7M.
Questions
What was Terra Property Trust's revenue in the first quarter 2026?
Terra Property Trust (TPTS) reported revenue of $3.2M for the first quarter 2026 (Q1 2026), -74% from a year earlier and -55% from the quarter before.
Was Terra Property Trust profitable in the first quarter 2026?
Operating loss was $10.0M (-311.5% of revenue) and net loss $15.0M.