BrightView (BV) Q1 2026 earnings summary

Executive summary

• Total revenue for Q1 2026 grew 2.6%–3% year-over-year to $614.7–$615 million, driven by strong snow revenue and improved land contract metrics, but offset by declines in development services.

• Net loss widened to $15.2 million, with a loss per share of $0.26, while adjusted EBITDA increased to $53.5 million, maintaining an 8.7% margin.

• Customer retention improved by 250–450 basis points to 83.5%, and employee turnover improved by 30% over two years.

• Sales force expansion accelerated, with 80 new sellers added in Q1 and 180 over the past year, pacing ahead of hiring targets.

• Investments in technology, fleet, and frontline employees are supporting operational efficiency and growth.

Financial highlights

• Q1 2026 revenue was $614.7–$615 million, up 2.6%–3% year-over-year, with snow revenue up 110% to $68.4 million and maintenance land revenue declining due to weather impacts.

• Adjusted EBITDA grew to $53.5 million, with incremental snow revenue contributing $6 million and margin expansion in development services.

• Adjusted net loss was $(2.2) million, compared to adjusted net income of $5.6 million in Q1 2025.

• Adjusted free cash flow was an outflow of $15.4 million, down from an inflow of $4.4 million in the prior year.

• Share repurchases totaled $13.5–$14 million in Q1, doubling the quarterly average from 2025.

Outlook and guidance

• Fiscal 2026 revenue guidance reaffirmed at $2.67–$2.73 billion, with adjusted EBITDA expected between $363–$377 million and margin expansion of 40–60 bps.

• Maintenance land growth projected at 1–2%, development growth flat to 2%, and snow revenue between $190–$220 million.

• Adjusted free cash flow guidance set at $100–$115 million.

• Free cash flow guidance and ample liquidity support ongoing reinvestment and flexibility.