CIGI · Colliers International Group Inc.

Colliers International Group Inc. reported its first quarter 2026 results, showing revenue growth of 15% to $1.31 billion from $1.14 billion in the same quarter last year. Operating earnings increased 11% to $35.0 million, reflecting higher revenue partially offset by increased costs. However, net loss attributable to the Company widened significantly to $24.0 million from $4.3 million, primarily due to a $30.5 million non-controlling interest redemption increment (compared to $7.4 million in Q1 2025). This non-cash charge relates to the redemption value of non-controlling interests and is a key driver of the reported net loss. On a per-share basis, basic and diluted loss per share were $0.47 versus $0.08 in the prior year. The company also realigned its reportable segments, moving project management operations from Engineering to Commercial Real Estate, which will affect comparability going forward. Cash flow from operations was negative $187.4 million, driven by working capital outflows, particularly a $220.9 million decrease in accrued compensation. The company increased its long-term debt to $1.86 billion from $1.63 billion at year-end 2025, primarily to fund acquisitions and working capital. No forward guidance was provided in the filing.