Every 10-Q that Sabre Corp (SABR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SABR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SABR filings page.
Sabre Corporation reported revenue of $711,961 thousand for the quarter ended June 30, 2026, up from $687,149 thousand a year earlier, driven by Marketplace revenue of $576,839 thousand and Airline Technology revenue of $135,122 thousand. Operating income was $92,783 thousand, but high interest expense and other items produced a loss from continuing operations of $36,373 thousand and a net loss of $36,155 thousand, a substantial improvement from a $256,532 thousand net loss in the prior-year quarter.
For the first half of 2026, revenue totaled $1,472,287 thousand, with net loss of $28,147 thousand. Cash used in operating activities improved to $98,011 thousand from $281,841 thousand, while cash, cash equivalents and restricted cash declined to $697,004 thousand. Face value of debt remained high at $4,484,417 thousand, contributing to significant interest expense. Stockholders’ deficit widened slightly to $1,055,155 thousand. The company completed the 2025 sale of its Hospitality Solutions business for net proceeds of $969,000 thousand and now records TSA service and Marketplace revenue from that buyer. An inflation offset restructuring program has incurred $62 million of costs to date, with most disbursements expected in 2026. Management cites air-booking headwinds from conflict in the Middle East and higher fuel prices, anticipates low-to-mid-single-digit air bookings growth for 2026, and believes existing resources are sufficient to fund liquidity needs over at least the next twelve months.
Sabre Corporation reported a return to profitability from continuing operations in Q1 2026 while cash flow remained pressured. Revenue from continuing operations rose to $760.3 million from $702.1 million, driven by growth in both Marketplace and Airline Technology. Operating income increased to $115.9 million from $91.4 million, and income from continuing operations improved to $9.4 million versus a prior-year loss. Including discontinued operations, net income declined to $8.0 million from $35.5 million after the prior-year gain on the Hospitality Solutions sale. Sabre used $134.2 million of cash in operating activities and ended the quarter with $664.6 million in cash, cash equivalents and restricted cash and $4.44 billion of debt at face value. The company is executing an inflation offset restructuring program totaling about $65 million in expected costs through 2027, with $61 million incurred to date.
Sabre Corporation (SABR) reported Q3 2025 results. Revenue was $715.2 million versus $691.3 million a year ago, and operating income rose to $93.6 million from $57.8 million. Continuing operations posted income of $48.2 million, helped by a tax benefit.
Results were dominated by the July 3 sale of the Hospitality Solutions business for estimated cash proceeds of $965 million, net, which generated a pre-tax gain of $821 million and drove discontinued operations income of $800.3 million. Net income for the quarter was $848.5 million. Year to date, revenue was $2.104 billion and net income was $627.5 million. Cash used in operating activities was $248.2 million for the nine months. Sabre reduced total debt outstanding to $4.216 billion (net of costs/discounts) from $5.065 billion at December 31, 2024, including issuing 11.125% senior secured notes due 2030 and repaying various term loans and notes.
Sabre Corp. (NASDAQ: SABR) Q2-25 10-Q highlights
- Revenue slipped 1.1% YoY to $687.1 m; six-month sales down 1.4% to $1.39 bn as Distribution (-0.9%) and IT Solutions (-2.1%) both softened.
- Cost controls boosted operating income 83% to $89.1 m (margin 13.0% vs. 7.0% LY) as technology and SG&A spending fell a combined $51 m.
- Heavy financing charges drove a deeper net loss: $256.5 m (-$0.65/sh) vs. $69.5 m loss LY. Q2 other expense ballooned to $198.9 m, dominated by $111.2 m interest and an $85.2 m loss on June refinancing.
- Cash burn accelerated: operating cash outflow of $281.8 m vs. $29.9 m outflow LY, largely from $200 m payment of previously PIK interest and working-capital swings. Cash & equivalents fell to $426 m from $724 m FY-24.
- Balance sheet highly leveraged: face debt $5.16 bn; issued $1.325 bn 11.125% notes due 2030 and repaid $1.23 bn of shorter-dated facilities. Shareholders’ deficit widened to -$1.80 bn.
- Strategic shift: Hospitality Solutions business classified as discontinued; closed sale to TPG on 3 Jul 25 for expected net proceeds $960-980 m, creating single-segment structure going forward.
- Share count: 394.5 m outstanding at 1 Aug 25, up ~2% YTD from equity comp.
Overall, Sabre is improving operating efficiency but remains burdened by high-cost debt and negative free cash flow; forthcoming hospitality divestiture cash is critical for liquidity.