FirstService Corporation Q1 2026 Financial Results and Business Update

FirstService Corporation filed its Q1 2026 interim financial results showing consolidated revenues of $1.32 billion, a 5% increase from Q1 2025. The company reported net earnings attributable to the company of $19.99 million ($0.44 per share), significantly improved from $2.80 million ($0.06 per share) in the prior year period. Operating earnings increased to $46.7 million from $39.3 million, with operating margin improving to 3.5% from 3.1%. The FirstService Residential segment grew 4% organically to $545.7 million in revenue, while FirstService Brands increased 6% to $771.4 million. The company maintained strong liquidity with $191.4 million in cash and $843 million in available undrawn credit. Management noted ongoing monitoring of a reporting unit that was tested for goodwill impairment in Q4 2025, with fair value exceeding carrying value by less than 5% but no additional impairment indicators noted in Q1 2026.