Quarterly ResultMay 11, 2026, 04:18 PM
Traeger Q1 Revenue $94.1M, Net Income $2.9M; Raises FY26 EBITDA Outlook
AI Summary
Traeger, Inc. announced its first quarter fiscal 2026 results, reporting a 34.3% decrease in total revenues to $94.1 million. Despite the revenue decline, the company achieved a net income of $2.9 million, or $1.08 per diluted share, a significant improvement from a net loss in the prior year. Traeger also raised its full-year 2026 Adjusted EBITDA and gross margin outlook, while reiterating its revenue guidance, attributing the positive adjustments to Project Gravity initiatives and an IEEPA tariff refund.
Key Highlights
- Total revenues decreased 34.3% to $94.1 million in Q1 2026.
- Net income was $2.9 million, or $1.08 per diluted share, compared to a net loss of $0.8 million in Q1 2025.
- Adjusted EBITDA was $17.3 million, down from $22.5 million in Q1 2025.
- Gross margin increased to 45.7% from 41.5% year-over-year, including a $12.4 million IEEPA tariff refund.
- Full-year 2026 Adjusted EBITDA guidance raised to $57 million - $67 million.
- Full-year 2026 gross margin guidance raised to 39.5% - 40.5%.
- Full-year 2026 total revenue guidance reiterated at $465 million - $485 million.
- Operating cash flow was $17.9 million and free cash flow was $14.5 million.