Filing Flows › Tejon Ranch (TRC) › Q3 2026
Tejon Ranch (TRC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Tejon Ranch (TRC) reported revenue of $22.6M for the third quarter 2026 (Q3 2026), +89% from a year earlier and +59% from the quarter before. Operating margin was 10.5%, net earnings $3.3M (14.6% of revenue).
Tejon Ranch, Q3 2026: revenue $22.6M (+89% year over year), operating margin 10.5%, net earnings $3.3M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.6M | +59% | +89% |
| Gross profit | $7.5M | +10% | +103% |
| Operating profit | $2.4M | +582% | — |
| Net earnings | $3.3M | +25% | +97% |
| Operating cash flow | $2.6M | +104% | — |
What changed
Revenue was $22.6M in Q3 2026, up 89% year over year and up 59% from the previous quarter.
Gross margin was 33.0%, up 2.3 points from Q3 2025. Operating profit was $2.4M, a 10.5% margin (up 27.4 points year over year). Operating expenses fell 11% while revenue rose 89%. Net earnings were $3.3M, up 98% year over year. The effective tax rate was 30.3%. Non-operating items added $2.4M, 50% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.6M, 80% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $530K of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$3.8M.
Questions
What was Tejon Ranch's revenue in the third quarter 2026?
Tejon Ranch (TRC) reported revenue of $22.6M for the third quarter 2026 (Q3 2026), +89% from a year earlier and +59% from the quarter before.
Was Tejon Ranch profitable in the third quarter 2026?
Operating profit was $2.4M (10.5% of revenue) and net earnings $3.3M.
Source: Tejon Ranch 10-Q on SEC EDGAR.