Seaport ENT

Q2 FY2026 EarningsQ2 FY26 results demonstrated a significant turn toward profitability on an adjusted basis, despite a top-line miss. Revenue of $34.3M missed the $32.2M consensus marginally on an adjusted basis but showed underlying strength in the Seaport segment. Non-GAAP Adjusted Net Income turned positive at $0.3M ($0.02 per share), sharply beating the normalized loss expectation of $3.1M ($0.25 loss). The quarter was marked by the first-ever simultaneous profitability across all segments and the successful $143M asset sale of 250 Water Street year-to-date.