Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and ...
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Est. EPS $-0.05 · Revenue $35.89M · 1 analysts
Est. EPS $-0.39 · Revenue $26.26M · 1 analysts
Est. EPS $-1.80 · Revenue $109.18M · 1 analysts
Est. EPS $-0.34 · Revenue $16.45M · 1 analysts
EPS $-2.51 · Revenue $16.07M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $130.4M | +17.3% | +169.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-116.7M | +23.8% | +77.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +1.6% | -95.2% | +106.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -82.1% | +10.3% | +89.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -89.5% | +35.1% | +91.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-68.4M | -15.1% | +1.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -52.5% | +1.9% | +63.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 34.2% | +28.9% | +1.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 9.12x | +3.9% | -41.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $650.1M | -12.6% | +0.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -9.18 vs -3.76 | -144.1% | -0.82 vs -0.05 | -1540.0% |
| Revenue Surprise | $130.4M vs $130.3M | +0.1% | $34.3M vs $35.9M | -4.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Elaiwat Lenah | officer: Chief Financial Officer | Common Stock | D | 741 | $26.23 |
| Jul 31, 2026 | Sachs Rebecca E. | officer: Chief Administrative Officer | Common Stock | D | 1,010 | $26.23 |
| Jul 31, 2026 | PARTRIDGE MATTHEW MORRIS | director, officer: Chief Executive Officer | Common Stock | D | 4,544 | $26.23 |
| Jun 15, 2026 | Hirsh David Z. | director | Common Stock | A | 1,014 | — |
| Jun 15, 2026 | Digilio Monica S | director | Common Stock | A | 1,014 | — |
Operator: Greetings. Welcome to the Seaport Entertainment Group Second Quarter 2026 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to Jason Wilk, Senior Vice President of Finance. Thank you, Jason. You may begin. Jason Wilk: Thank you, operator, and good morning, everyone. With me today is our President and Chief Executive Officer, Matt Partridge; and our Chief Financial Officer and Treasurer, Lenah Elaiwat. Before we begin, I'd like to remind everyone that many of our comments today are considered forward-looking statements under federal securities law. The company's actual future results may differ significantly from the matters discussed in these forward-looking statements, and we undertake no duty to update these statements. Factors and risks that could cause actual results to differ materially from expectations are disclosed from time to time in greater detail in the company's Form 10-K, Form 10-Q and other SEC filings. You can find our SEC reports, earnings release quarterly supplemental information and our most recent investor presentation on our website at seaportentertainment.com. With that, I will turn the call over to Matt. Matthew Partridge: Thanks, Jason, and good morning, everyone. On our last earnings call, I described the first quarter as a turning point for our company, and I'm excited to start today's call by sharing an important milestone for Seaport Entertainment Group. In the second quarter of 2026, we achieved positive operating EBITDA and positive non-GAAP adjusted net income for the first time in the company's history. This quarter's results reflect continued momentum since our inception, representing our seventh consecutive quarter of double-digit non-GAAP adjusted net income per share improvement and a 103% year-over-year improvement in Q2 as the highest comparable quarter of per share improvement during our 2-year existence. Our progress and improving trajectory towards profitability are a direct reflection of the work our team has been doing since our spin-off to stabilize the company and its operations. While we're proud of that financial results are beginning to reflect the hard work put in by our team, we want to maintain balanced expectations. Timing of new tenant openings, scheduling nuances related to our event, concert and baseball operations and the general seasonality of our businesses all create variability quarter-to-quarter. As a result, the next 3 quarters should show year-over-year improvement, but may not result in the same level of per share performance we achieved this quarter. As our tenants and new businesses open and stabilize, our events business continues to grow, and we realize the full year benefits of the changes we've made to improve our organizational efficiency, we anticipate an improved earnings profile in 2027 and even more so in 2028. This is further supported by the fact we have more than 194,000 square feet of …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Matthew Morris Partridge | Chief Executive Officer, President & Director | USD 1,281,153 | Male | 1984 | Active |
Luciana Fato | Advisor | USD 679,839 | Female | 1966 | Active |
Lenah Elaiwat | Chief Financial Officer, Executive Vice President & Treasurer | USD 589,760 | Female | 1984 | Active |
Rebecca Sachs | Chief People Officer | — | Female | 1975 | Active |
Jason Blake Wilk | Senior Vice President of Finance | — | — | — | Active |
Seaport Entertainment Gr NYSE: SEG reported its first quarter of positive operating EBITDA and positive non-GAAP adjusted net income in the second quarter of 2026, as the company benefited from improved operations, lower corporate costs, the closure of the Tin Building and payments associated with the early termination of Nike's Pier 17 lease.
Seaport Entertainment Group Inc. (SEG) Q2 2026 Earnings Call Transcript
NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE: SEG) (“Seaport Entertainment Group,” “SEG,” “we,” “our," or the “Company”) announced today its operating and financial results for the quarter ended June 30, 2026. “The second quarter was our strongest to date, with each business segment profitable for the first time in our two-year history. Our emphasis on delivering unique in-person experiences through a growing events calendar and increased set of offerings are resulting in m.
Seaport Entertainment Gr (NYSE: SEG - Get Free Report) and Brag House (NASDAQ: TBH - Get Free Report) are both small-cap services companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, institutional ownership, valuation, dividends and analyst recommendations. Valuation and Earnings This table compares
NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE: SEG) (“Seaport Entertainment Group” or the “Company”) today announced it will release its second quarter financial results on Wednesday, August 5, 2026 after the market closes. The Company will host a conference call and audio webcast to discuss the results on Thursday, August 6, 2026 at 8:30 AM ET. To dial into the live Telephone Conference Call: Domestic: 1-877-407-3982 International: 1-201-493-6780 Conference Call Playback: D.
