Quarterly ResultMay 6, 2026, 04:21 PM
Pursuit Q1 Net Loss Narrows to $24.9M; Revenue Jumps 37.4%
AI Summary
Pursuit Attractions & Hospitality reported a net loss of $24.9 million for Q1 2026, a significant improvement from the $31.1 million loss in Q1 2025. Total revenue increased by 37.4% to $51.6 million. The company is also progressing with the sale of its Flyover Attractions for approximately $78.4 million and completed the acquisition of Tabac Thermal Resort & Spa for $108.6 million in July 2025.
Key Highlights
- Net loss attributable to Pursuit narrowed to $24.9 million in Q1 2026 from $31.1 million in Q1 2025.
- Total revenue increased by 37.4% to $51.6 million for the three months ended March 31, 2026.
- Basic loss per common share improved to $0.90 in Q1 2026 from $1.11 in Q1 2025.
- Entered agreement to sell Flyover Attractions for approximately $78.4 million, expected to close May 2026.
- Acquired Tabac Thermal Resort & Spa for $108.6 million on July 1, 2025.
- Cash and cash equivalents increased to $34.5 million as of March 31, 2026.
- Long-term debt and finance lease obligations rose to $219.2 million as of March 31, 2026.
- Repurchased $25.2 million of common stock during Q1 2026.