10-K · February 25, 2026
Summit Hotel Properties (INN) positions itself as an owner of efficiently operated, Upscale-branded hotels focused on top MSAs (95 properties, 14,347 guestrooms) and franchise distribution with…
Earnings analysis · 10-Q
INN earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Summit Hotel Properties (INN) reported mixed results for Q1 2026, with total revenue of $185 million, a slight increase from $184 million in Q1 2025. However, the company faced a net loss of $5.9 million, resulting in a…
Read full summary
Summit Hotel Properties (INN) reported mixed results for Q1 2026, with total revenue of $185 million, a slight increase from $184 million in Q1 2025. However, the company faced a net loss of $5.9 million, resulting in a diluted EPS of -0.10 compared to EPS of 0.01 in the same quarter last year. The management anticipates positive trends in RevPAR due to improved demand and higher average daily rates, despite ongoing economic headwinds.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.1
- Gross margin
- 44.18%
What stood out
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Revenue Slightly Up YoY
Total revenue rose to $185M from $184M in Q1 2025.
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Improved Food & Beverage Revenue
Food and beverage revenue increased by 4.3% from $11.384M to $11.460M.
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Increased Operating Cash Flow
Operating cash flow increased to $28.1M, up from $25.9M year-over-year.
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Gross Margin Recovery
Gross margin improved to 44.18% from 43.44% YoY.
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Segment Revenue Highlights
Same-store revenue growth of 1.5% indicates stronger performance in core properties.
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Cost Control on Management Fees
Management fees decreased by 6.1%, helping improve operational efficiency.
What to watch
-
Continued Net Losses
Reported a net loss of $5.9M versus a gain of $0.6M in Q1 2025.
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High Interest Expense
Interest expense increased to $20.45M from $19.96M, impacting profitability.
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Debt Continuum Risks
Total debt remains high at $1.4 billion, with scheduled principal payments looming.
Management's outlook
Management anticipates continued improvement in ADR and RevPAR despite ongoing economic headwinds.
Earlier filings 4
10-Q · April 30, 2025
Summit reported Q1 2025 revenue of $184.478M, down $3.664M (-1.9%) versus Q1 2024 revenue of $188.142M. Operating income fell to $19.827M (operating margin ~10.8%) from $23.489M (≈12.5%), and net loss attributable to…
10-Q · November 4, 2024
Summit reported Q3 2024 revenue of $176.807M, down $5.009M (-2.8%) versus Q3 2023, with operating income of $15.755M (operating margin ~8.91%), slightly below prior year operating income of $16.476M. The quarter…
10-Q · May 1, 2024
Summit reported Q1 2024 revenue of $188,142,000, up $5,759,000 (+3.2%) versus Q1 2023, driven by higher room revenue. Operating income rose to $23,489,000 (operating margin ~12.49%) from $18,202,000 a year ago, and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.