Short answer
Seaport Entertainment Group Inc. (SEG) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $13M (down 20.7% year over year) with net income of −$44M.
Q1 2026 key financials · XBRL
- Revenue
- $13M
- −20.7% YoY
- Net income
- −$44M
- −38.3% YoY
- Operating margin
- -333.8%
- EPS (diluted)
- −$3.47
- −38.2% YoY
Source: XBRL data from the Seaport Entertainment Group Inc. (SEG) Q1 2026 10-Q on SEC EDGAR. USD.
Seaport Entertainment Group Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Total revenue $12.7M, down 21% YoY from $16.1M
- Net loss $43.8M vs $31.5M; operating loss $42.5M vs $32.7M
- Entertainment best segment: revenue $4.5M, up 7% YoY; EBITDA loss $2.8M vs $2.9M
- Landlord Operations weakest: revenue $5.5M, down 38%; EBITDA loss $1.5M vs $0.7M
- Cash $114.8M vs $77.8M; operating cash use $10.3M vs $20.5M, with $130.0M investing inflow from 250 Water Street sale
Risk Factors
- Rights offering generated approximately $166.8 million net proceeds with unchanged intended use
- Second amendment to 250 Water Street purchase agreement dated January 28, 2026
- No defaults upon senior securities reported during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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