Filing Flows › Tejon Ranch (TRC) › Q1 2026
Tejon Ranch (TRC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Tejon Ranch (TRC) reported revenue of $9.5M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -55% from the quarter before. Operating margin was -11.9%, net earnings $150K (1.6% of revenue).
Tejon Ranch, Q1 2026: revenue $9.5M (+16% year over year), operating margin -11.9%, net earnings $150K, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5M | -55% | +16% |
| Operating profit | −$1.1M | -149% | — |
| Net earnings | $150K | -91% | — |
| Operating cash flow | $3.3M | -68% | — |
| Free cash flow | $1.4M | — | — |
What changed
Revenue was $9.5M in Q1 2026, up 16% year over year and down 55% from the previous quarter.
Gross margin was 21.5%, up 6.6 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -11.9%. Operating expenses fell 41% while revenue rose 16%. Net earnings were $151K. The effective tax rate was 28.2%. Non-operating items added $1.3M, 641% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.3M, 2207% of net earnings. Non-cash charges added back $1.5M of depreciation and amortization and $182K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $1.9M left free cash flow of $1.4M.
Questions
What was Tejon Ranch's revenue in the first quarter 2026?
Tejon Ranch (TRC) reported revenue of $9.5M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -55% from the quarter before.
Was Tejon Ranch profitable in the first quarter 2026?
Operating loss was $1.1M (-11.9% of revenue) and net earnings $150K.
Source: Tejon Ranch 10-Q on SEC EDGAR.