Progressive Planet Solutions (PLAN) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 results with net income up 328% to $1,597,712 year-over-year.

• Revenue rose 27% to $5,914,187, driven by strong demand across all major product categories.

• Gross profit increased 46% to $2,276,982, reflecting operational improvements.

Financial highlights

• Net income grew 328% compared to the same quarter last year.

• Revenue increased by 27% year-over-year.

• Gross profit rose 46% year-over-year.

• Gross margin improved to 38.5% from 33.5% in the prior year quarter.

• $412,839 of long-term bank debt was repaid during the quarter.

Outlook and guidance

• Management highlights ongoing strong demand and continued focus on product innovation and sustainability.

• Forward-looking statements caution that actual results may differ due to risks and uncertainties.