JOE earnings analysis
What we found in JOE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The St. Joe Company reported Q1 2026 results with a revenue increase of 5.2% year-over-year to $99.1 million, supported by record hospitality revenue of $44.7 million. EPS came in at $0.24, showing a substantial but minor downturn from $0.3 in Q1 2025. The company anticipates sustained growth amid higher demand in Northwest Florida despite macroeconomic challenges.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue increased by 5.2% to $99.1 million from $94.2 million in Q1 2025.
- Record Hospitality Revenue
- Hospitality segment revenue rose 12.9% to $44.7 million compared to $39.6 million in the prior year.
- Operating Income Up
- Operating income increased 7.7%, reaching $18.2 million in Q1 2026.
- Homesites Under Contract
- 1,380 homesites were placed under contract, totaling 3,204 homesites compared to 952 homesites in Q1 2025.
- Strong Revenue Stability
- Real estate revenue rose 3.7% to $39.7 million from $38.3 million year-over-year.
- Effective Debt Management
- Variable-rate debt totaled $106.4 million with $39.6 million swapped to a fixed interest rate.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Equity Income
- Equity in income from joint ventures decreased by $6.7 million due to lower home closing volumes.
- Negative Market Conditions
- Macroeconomic headwinds including elevated interest rates and inflation are impacting buyer sentiment.
- Geopolitical Uncertainties
- Uncertainty over geopolitical events continues to introduce risks impacting the economic environment.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.24
- Segment
- Residential: 28.6%
- Segment
- Hospitality: 49.5%
- Segment
- Commercial: 17.6%
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 25, 2026
- St. Joe’s 10-K describes a focused strategy of developing residential communities, expanding hospitality, and growing income-producing commercial assets in Northwest Florida. Financially the company shows a clear…
- 10-Q · July 23, 2025
- The St. Joe Company reported a strong Q2 2025, with revenue rising to $129.1 million, a 15.7% increase from the previous quarter's $111.6 million and a substantial year-over-year gain from $112 million in Q2 2024.…
- 10-Q · April 23, 2025
- St. Joe reported Q1 revenue of $94,197,000 and diluted EPS of $0.30, up from $87,787,000 and $0.24 a year ago, driven by higher real estate revenue and stronger equity income from unconsolidated joint ventures.…
- 10-K · February 26, 2025
- St. Joe (JOE) positions itself as an owner-oriented, Northwest-Florida focused real estate developer operating three reportable segments (residential, hospitality, commercial) with a strategy to expand income-producing…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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