Filing Flows › Tejon Ranch (TRC) › Q2 2026
Tejon Ranch (TRC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Tejon Ranch (TRC) reported revenue of $14.3M for the second quarter 2026 (Q2 2026), +72% from a year earlier and +50% from the quarter before. Operating margin was 2.4%, net earnings $2.6M (18.5% of revenue).
Tejon Ranch, Q2 2026: revenue $14.3M (+72% year over year), operating margin 2.4%, net earnings $2.6M, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.3M | +50% | +72% |
| Gross profit | $6.8M | +233% | +92% |
| Operating profit | $348K | — | — |
| Net earnings | $2.6M | 18× | — |
| Operating cash flow | $1.3M | -61% | — |
What changed
Revenue was $14.3M in Q2 2026, up 72% year over year and up 50% from the previous quarter.
Gross margin was 47.7%, up 5.1 points from Q2 2025. Operating profit was $348K, a 2.4% margin (up 51.3 points year over year). Operating expenses fell 15% while revenue rose 72%. Net earnings were $2.6M. The effective tax rate was 24.2%. Non-operating items added $3.1M, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.3M, 49% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization and $531K of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$210K.
Questions
What was Tejon Ranch's revenue in the second quarter 2026?
Tejon Ranch (TRC) reported revenue of $14.3M for the second quarter 2026 (Q2 2026), +72% from a year earlier and +50% from the quarter before.
Was Tejon Ranch profitable in the second quarter 2026?
Operating profit was $348K (2.4% of revenue) and net earnings $2.6M.
Source: Tejon Ranch 10-Q on SEC EDGAR.