Filing Flows › Tronox Holdings (TROX) › Q1 2026
Tronox Holdings (TROX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Tronox Holdings (TROX) reported revenue of $760M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +4% from the quarter before. Operating margin was -5.4%, net loss $104M (13.7% of revenue).
Tronox Holdings, Q1 2026: revenue $760M (+3% year over year), operating margin -5.4%, net loss $104M, operating cash flow −$68.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $760M | +4% | +3% |
| Operating profit | −$41.0M | — | — |
| Net earnings | −$104M | — | — |
| Operating cash flow | −$68.0M | -156% | — |
What changed
Revenue was $760.0M in Q1 2026, up 3% year over year and up 4% from the previous quarter. TiO2 was the largest line at 81% of revenue. TiO2 added $32.0M year over year (up 5%), 145% of the total change. Other Products declined 35%.
Gross margin was 5.8%, down 7.6 points from Q1 2025. Operating costs exceeded revenue by $41.0M, an operating margin of -5.4%. Operating expenses fell 47% while revenue rose 3%. The quarter ended with a net loss of $104.0M, narrower than the previous quarter's $177.0M loss. Minority interests bore $1.0M of it: to shareholders the quarter was a loss of $103.0M. Net interest and other expense of $63.0M was the main reason.
Operating cash flow was −$68.0M. Non-cash charges added back $75.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $45.0M. Capital expenditures of $67.0M exceeded it, leaving free cash flow of −$135.0M.
Questions
What was Tronox Holdings' revenue in the first quarter 2026?
Tronox Holdings (TROX) reported revenue of $760M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +4% from the quarter before.
Was Tronox Holdings profitable in the first quarter 2026?
Operating loss was $41.0M (-5.4% of revenue) and net loss $104M.
Source: Tronox Holdings 10-Q on SEC EDGAR.