---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-225371"
form_type: "8-K"
ticker: "LOGC"
cik: "0002064307"
company_name: "ContextLogic Holdings Inc."
filed_at: "2026-05-15T12:05:17+00:00"
generated_at: "2026-05-15T12:12:34.916366+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-225371
- form_type: 8-K
- ticker: LOGC
- cik: 0002064307
- company_name: ContextLogic Holdings Inc.
- filed_at: 2026-05-15T12:05:17+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2064307/000119312526225371/0001193125-26-225371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2064307/000119312526225371/logc-20260515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-225371
- JSON: https://secwatch.observer/filing/0001193125-26-225371.json
- Plain text: https://secwatch.observer/filing/0001193125-26-225371.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/2064307/000119312526225371/0001193125-26-225371-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.