AVALON HOLDINGS CORPORATION ANNOUNCES FIRST QUARTER RESULTS

Avalon Holdings (AWX) reported Q1 2026 results on May 5, 2026.

Rhea-AI Summary

Avalon Holdings (AWX) reported Q1 2026 results on May 5, 2026. Net operating revenues were $17.7 million versus $16.1 million a year earlier. The company recorded a net loss attributable to common shareholders of $1.235 million (basic loss per share $0.32). Key balance-sheet moves include lower cash of $2.378 million and higher accounts receivable of $11.843 million.

Positive

• Waste management revenue +18.9% YoY ($11.508M vs $9.677M)
• Net loss narrowed 17.6% ($1.235M vs $1.499M)
• Basic loss per share improved 15.8% ($0.32 vs $0.38)

Negative

• Cash decreased 42.2% ($2.378M vs $4.114M)
• Accounts receivable increased 20.6% ($11.843M vs $9.819M)
• Deferred membership dues liability rose 45.3% ($5.126M vs $3.529M)

Argus May 5 session

+2.40% close to close Open Argus

Details

News Market Reaction – AWX

On May 5, the day this news came out, AWX closed 2.40% above the previous close.

Data tracked by StockTitan Argus for the May 5 session.

Market Context

This announcement reports higher net operating revenues of $17.7M and a reduced net loss of $1.2M ve...

Analysis

This announcement reports higher net operating revenues of $17.7M and a reduced net loss of $1.2M versus Q1 2025, with strength in waste management services and stable golf operations. The balance sheet shows total assets of $87.549M, cash of $2.378M, and shareholders’ equity of $35.672M. Investors comparing this to prior earnings should watch revenue mix between segments, ongoing profitability trends, and liquidity levels in upcoming quarters.

Key Figures

Q1 2026 net operating revenues: $17.7M Q1 2026 net loss to shareholders: $1.2M Q1 2026 basic EPS: ($0.32) +5 more

Q1 2026 net operating revenues

$17.7M

Three months ended March 31, 2026 vs $16.1M in Q1 2025

Q1 2026 net loss to shareholders

$1.2M

Net loss attributable to common shareholders vs $1.5M in Q1 2025

Q1 2026 basic EPS

($0.32)

Basic net loss per share vs ($0.38) in Q1 2025

Waste management revenues Q1 2026

$11.508M

Segment net operating revenues vs $9.677M in Q1 2025

Golf & related revenues Q1 2026

$6.150M

Total golf and related operations vs $6.391M in Q1 2025

Cash and equivalents

$2.378M

Cash and cash equivalents at March 31, 2026 (vs $4.114M at Dec 31, 2025)

Total assets

$87.549M

Total assets as of March 31, 2026

Total shareholders' equity

$35.672M

Total shareholders’ equity at March 31, 2026

Previous Earnings Reports

5 past events · Latest: Nov 07

Same Type 5 events

1. Nov 07

   Q3 2025 earnings

   24h Move

   +6.3%

   Q3 2025 revenues and earnings improved versus prior-year quarter.

2. Aug 08

   Q2 2025 earnings

   24h Move

   +0.0%

   Q2 2025 revenues and earnings declined year-over-year across segments.

3. May 07

   Q1 2025 earnings

   24h Move

   -9.3%

   Q1 2025 revenues fell and net loss widened versus Q1 2024.

4. Mar 20

   FY 2024 results

   24h Move

   +11.0%

   Full-year 2024 returned to net income with higher revenues.

5. Nov 08

   Q3 2024 earnings

   24h Move

   +23.5%

   Q3 2024 revenues and net income rose sharply versus 2023.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

condensed consolidated statements of operations, operating lease right-of-use assets, finance leases, restricted cash, +2 more

6 terms

condensed consolidated statements of operations financial

"Condensed Consolidated Statements of Operations (Unaudited)"

A condensed consolidated statement of operations is a short, combined report showing a company’s sales, costs and profit or loss for a specific period, with results from its subsidiaries rolled into one summary. It’s like a streamlined monthly bill that highlights the main income and expense lines without the full detail, helping investors quickly judge profitability, spot trends, and compare performance across reporting periods.

operating lease right-of-use assets financial

"Operating lease right-of-use assets | 1,390 | | 1,379"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

finance leases financial

"Property and equipment under finance leases, net | 6,352 | | 6,267"

A finance lease is a long-term rental arrangement where a company takes on most of the risks and rewards of owning an asset—like equipment or property—while making scheduled payments instead of a single purchase. Think of it like buying something on an installment plan: the item appears on the company’s books as an asset and a matching obligation, which affects reported debt, profits and cash flow and therefore can change how investors view the company’s financial strength and valuation.

restricted cash financial

"Restricted cash | 8,501 | | 8,730"

Cash that a company holds but cannot use for day-to-day operations because it is set aside for a specific purpose—such as meeting loan covenants, serving as collateral, funding an escrow, or complying with regulations. Like money in a locked savings account earmarked for a bill, restricted cash reduces the cash available to run the business and pay dividends or debts, so investors treat it differently when assessing a company’s true short-term financial strength.

asset retirement obligation financial

"Asset retirement obligation | 100 | | 100"

A liability recorded for the future cost to retire, dismantle or clean up a long-lived asset — for example removing an oil rig, closing a mine, or decommissioning a plant. Investors care because it reduces reported profit and ties up capital: companies must estimate and set aside money now for a known future expense, and changes to that estimate can swing earnings, debt ratios and the company’s cash needs much like setting aside savings to repair or return a rented property later.

line of credit financial

"Line of credit | 3,200 | | 3,200"

A line of credit is a flexible borrowing arrangement that lets a company draw money up to a preset limit, repay it, and borrow again as needed—similar to a business credit card or an emergency tap on a savings account. It matters to investors because it shows how a firm manages short-term cash needs and growth funding without taking a single large loan; access, cost, and attached conditions can affect liquidity, interest expenses and financial risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WARREN, Ohio, May 5, 2026 /PRNewswire/ -- Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the first quarter of 2026.

Net operating revenues in the first quarter of 2026 were $17.7 million compared with $16.1 million in the first quarter of 2025.  The Company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of $1.2 million in the first quarter of 2026 compared with net loss attributable to Avalon Holdings Corporation common shareholders of $1.5 million in the first quarter of 2025. For the first quarter of 2026, basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.32 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.38 in the first quarter of 2025.

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets, captive landfill management services and salt water injection well operations. Avalon Holdings Corporation also owns Avalon Resorts and Clubs Inc., which includes the operation of a hotel and its associated resort amenities, four golf courses and related country clubs and a multipurpose recreation center.

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except for per share amounts)
	Three Months Ended
	March 31,
	2026		2025
Net operating revenues:
Waste management services	$                      11,508		$                        9,677
Food, beverage and merchandise sales	2,013		2,024
Other golf and related operations	4,137		4,367
Total golf and related operations	6,150		6,391
Total net operating revenues	17,658		16,068
Costs and expenses:
Waste management services operating costs	8,882		7,582
Cost of food, beverage and merchandise	993		1,012
Golf and related operations operating costs	4,905		5,097
Depreciation and amortization expense	929		970
Selling, general and administrative expenses	2,685		2,558
Operating loss	(736)		(1,151)
Other income (expense):
Interest expense, net	(504)		(510)
Loss before income taxes	(1,240)		(1,661)
Provision for income taxes	41		25
Net loss	(1,281)		(1,686)
Less net loss attributable to non-controlling interest in subsidiaries	(46)		(187)
Net loss attributable to Avalon Holdings Corporation common shareholders	$                      (1,235)		$                      (1,499)
Loss per share attributable to Avalon Holdings Corporation common shareholders:
Basic net loss per share	$                        (0.32)		$                        (0.38)
Weighted average shares outstanding - basic	3,899		3,899

 

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)
	March 31,		December 31,
	2026		2025
Assets
Current Assets:
Cash and cash equivalents	$              2,378		$              4,114
Accounts receivable, net	11,843		9,819
Unbilled membership dues receivable	707		541
Inventories	1,774		1,555
Prepaid expenses	989		919
Other current assets	15		15
Total current assets	17,706		16,963
Property and equipment, net	53,541		53,982
Property and equipment under finance leases, net	6,352		6,267
Operating lease right-of-use assets	1,390		1,379
Restricted cash	8,501		8,730
Noncurrent deferred tax asset	32		32
Other assets, net	27		28
Total assets	$             87,549		$             87,381
Liabilities and Equity
Current liabilities:
Current portion of long term debt	$                 624		$                 614
Current portion of obligations under finance leases	384		384
Current portion of obligations under operating leases	367		362
Accounts payable	7,736		7,984
Accrued payroll and other compensation	1,496		1,244
Accrued taxes	644		660
Deferred membership dues revenue	5,126		3,529
Other liabilities and accrued expenses	2,074		2,054
Total current liabilities	18,451		16,831
Long-term debt, net of current portion	27,872		28,032
Line of credit	3,200		3,200
Obligations under finance leases, net of current portion	1,231		1,248
Obligations under operating leases, net of current portion	1,023		1,017
Asset retirement obligation	100		100
Equity:
Total Avalon Holdings Corporation Shareholders' Equity	37,120		38,355
Non-controlling interest in subsidiaries	(1,448)		(1,402)
Total shareholders' equity	35,672		36,953
Total liabilities and equity	$             87,549		$             87,381

 

 

 

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SOURCE Avalon Holdings Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Avalon Holdings (AWX) Q1 2026 revenues and net loss?

Avalon reported $17.7 million in net operating revenues and a $1.235 million net loss attributable to common shareholders for Q1 2026. According to the company, basic net loss per share was $0.32 for the quarter.

How did Avalon Holdings (AWX) waste management revenue change in Q1 2026?

Waste management revenue was $11.508 million in Q1 2026, up from $9.677 million a year earlier. According to the company, this represents an approximate 18.9% year-over-year increase in that segment.

Did Avalon Holdings (AWX) report any notable balance sheet changes in Q1 2026?

Yes. Cash and cash equivalents fell to $2.378 million and accounts receivable rose to $11.843 million as of March 31, 2026. According to the company, those were the largest quarter-over-quarter shifts reported.

What was Avalon Holdings (AWX) operating loss and interest expense in Q1 2026?

Operating loss was $0.736 million and net interest expense was $0.504 million for Q1 2026. According to the company, loss before income taxes totaled $1.240 million for the period.

How did Avalon Holdings (AWX) membership deferred revenue change in Q1 2026?

Deferred membership dues revenue increased to $5.126 million at March 31, 2026 from $3.529 million at year-end 2025. According to the company, this reflects higher unearned membership receipts recorded on the balance sheet.