ContextLogic Q1 2026 combined revenue flat at $32.4M; net income $17M on $41.9M tax benefit

ContextLogic Holdings Inc.

Combined non-GAAP revenue $32.4M (flat YoY); shipped volumes down 7% to 102.4K tons due to winter storms and Watkins Glen disruptions.
Combined non-GAAP net income $17.0M vs $2.9M YoY, boosted by a $41.9M discrete tax benefit from the US Salt acquisition.
Combined adjusted EBITDA $11.6M vs $12.5M YoY, reflecting ~$1M of new CLHI Corporate costs.
Free cash flow was ($20.6)M vs $1.3M due to acquisition-related transaction expenses.
45.7M weighted average common shares outstanding (public co.); 101.6M total LLC units.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ContextLogic Holdings Inc. reported first quarter ended March 31, 2026 results: revenue $32.4 million, net income $17.0 million.

Period: first quarter ended March 31, 2026
Revenue: $32.4 million
Net income: $17.0 million
Result: reported results

Exact text from the filing

Holdings Inc., distinct and separate from the operating results of US Salt. First Quarter 2026 Results Revenue: Combined non-GAAP revenue for the first quarter of 2026 was $32.4 million, essentially flat compared to $32.3 million in the first quarter of 2025. Shipped volumes of 102.4 thousand tons declined 7% from 110.2 thousand tons in the prior-year quarter,

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ContextLogic Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-225371

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