Filing Flows › UFP Technologies (UFPT) › Q1 2026
UFP Technologies (UFPT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
UFP Technologies (UFPT) reported revenue of $154M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +4% from the quarter before. Operating margin was 15.2%, net earnings $17.5M (11.3% of revenue).
UFP Technologies, Q1 2026: revenue $154M (+4% year over year), operating margin 15.2%, net earnings $17.5M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | +4% | +4% |
| Gross profit | $44.4M | +6% | +5% |
| Operating profit | $23.4M | +9% | +1% |
| Net earnings | $17.5M | -0.4% | +2% |
| Operating cash flow | $3.2M | -81% | -77% |
| Free cash flow | $1.5M | — | -87% |
What changed
Revenue was $154.2M in Q1 2026, up 4% year over year and up 4% from the previous quarter. Products was the largest line at 98% of revenue. Products added $6.7M year over year (up 5%), 111% of the total change. Tooling and Machinery declined 35%.
Gross margin was 28.8%, up 0.3 points from Q1 2025. Operating profit was $23.4M, a 15.2% margin (down 0.5 points year over year). Of the extra revenue versus Q1 2025, 4% reached operating profit, below the 16% margin then. Operating expenses grew 10% against revenue growth of 4%. Net earnings were $17.5M, up 2% year over year. The effective tax rate was 19.0%.
Operating cash flow was $3.2M (down 77% year over year), 18% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $21.9M. Capital expenditures of $1.7M left free cash flow of $1.5M.
Questions
What was UFP Technologies' revenue in the first quarter 2026?
UFP Technologies (UFPT) reported revenue of $154M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +4% from the quarter before.
Was UFP Technologies profitable in the first quarter 2026?
Operating profit was $23.4M (15.2% of revenue) and net earnings $17.5M.
Source: UFP Technologies 10-Q on SEC EDGAR.