BuildDirect.com Technologies (BILD) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was CAD 14.6 million, down 3% year-over-year, with gross margin at 40.2% versus 41.3% in Q1 2025.

• Positive operating cash flow of CAD 0.55 million was generated despite macroeconomic pressures in the home improvement sector.

• Pro Centers represented 73% of total revenue, serving as the main integration platform for acquisitions and up from 72% in Q1 2025.

• Three accretive acquisitions completed in the last 12 months: Orlando Pro Center, Greyne Custom Wood, and Tile Outlets of America, expanding U.S. distribution and retail footprint.

Financial highlights

• Revenue decreased 3.3% year-over-year to CAD 14.6 million.

• Gross profit was CAD 5.9 million, down from CAD 6.2 million the prior year.

• Net loss for Q1 2026 was CAD 1.85 million, compared to CAD 0.89 million in Q1 2025.

• Adjusted EBITDA was a modest loss, with both e-commerce and Pro Centers segments generating positive Adjusted EBITDA.

• Cash and cash equivalents at quarter-end were CAD 7.2 million, up CAD 3.7 million year-over-year but down from CAD 8.2 million at year-end 2025.

Outlook and guidance

• Industry demand expected to remain soft until macro conditions, such as interest rates and home turnover, improve.

• Input cost pressures from tariffs and logistics likely to stay elevated.

• Focus remains on margin defense, cash generation, and integrating recent acquisitions.

• Ongoing pursuit of accretive M&A opportunities at compressed valuations and targeted new builds to drive Pro Center expansion.

• Platform expected to be larger and denser when demand recovers.