Filing Flows › Vulcan Infrastructure & Power (VIP) › Q1 2026
Vulcan Infrastructure & Power (VIP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Vulcan Infrastructure & Power (VIP) reported revenue of $20.8M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +82% from the quarter before. Operating margin was -21.8%, net loss $4.6M (22.0% of revenue).
Vulcan Infrastructure & Power, Q1 2026: revenue $20.8M (+8% year over year), operating margin -21.8%, net loss $4.6M, operating cash flow −$11.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.8M | +82% | +8% |
| Operating profit | −$4.6M | -370% | — |
| Net earnings | −$4.6M | -252% | — |
| Operating cash flow | −$11.4M | — | — |
What changed
Revenue was $20.8M in Q1 2026, up 8% year over year and up 82% from the previous quarter. Power and capacity was the largest line at 90% of revenue. Power and capacity added $9.5M year over year (up 103%), 595% of the total change. Datacenter hosting declined 94%.
Operating costs exceeded revenue by $4.6M, an operating margin of -21.8%. Total costs grew 17% against revenue growth of 8%. The fastest-growing cost line was SG&A (+41%). The quarter ended with a net loss of $4.6M, after a profit of $3.0M the previous quarter.
Operating cash flow was −$11.4M. Non-cash charges added back $2.7M of depreciation and amortization and $709K of share-based compensation. Working capital and other items used $10.2M.
Questions
What was Vulcan Infrastructure & Power's revenue in the first quarter 2026?
Vulcan Infrastructure & Power (VIP) reported revenue of $20.8M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +82% from the quarter before.
Was Vulcan Infrastructure & Power profitable in the first quarter 2026?
Operating loss was $4.6M (-21.8% of revenue) and net loss $4.6M.