Filing Flows › Trinseo (TSEOQ) › Q1 2026
Trinseo (TSEOQ) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Trinseo (TSEOQ) reported revenue of $725M for the first quarter 2026 (Q1 2026), -8% from a year earlier and +9% from the quarter before. Operating margin was -3.3%, net loss $116M (16.0% of revenue).
Trinseo, Q1 2026: revenue $725M (-8% year over year), operating margin -3.3%, net loss $116M, operating cash flow −$233M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $725M | +9% | -8% |
| Operating profit | −$23.6M | — | — |
| Net earnings | −$116M | — | — |
| Operating cash flow | −$233M | -1131% | — |
What changed
Revenue was $724.7M in Q1 2026, down 8% year over year and up 9% from the previous quarter. Polymer Solutions was the largest line at 37% of revenue. Polymer Solutions lost $33.0M year over year (down 11%), 55% of the total change.
Gross margin was 8.5%, up 0.4 points from Q1 2025. Operating costs exceeded revenue by $23.6M, an operating margin of -3.3%. Operating expenses fell 8% while revenue fell 8%. The quarter ended with a net loss of $115.9M, narrower than the previous quarter's $251.4M loss. Net interest and other expense of $82.9M was the main reason.
Operating cash flow was −$232.9M. Non-cash charges added back $49.8M of depreciation and amortization. Working capital and other items used $166.8M. Capital expenditures of $11.3M exceeded it, leaving free cash flow of −$244.2M.
Questions
What was Trinseo's revenue in the first quarter 2026?
Trinseo (TSEOQ) reported revenue of $725M for the first quarter 2026 (Q1 2026), -8% from a year earlier and +9% from the quarter before.
Was Trinseo profitable in the first quarter 2026?
Operating loss was $23.6M (-3.3% of revenue) and net loss $116M.
Source: Trinseo 10-Q on SEC EDGAR.