CIGI Colliers International Group Inc
Price Chart
Executive Summary
Colliers reported Q1 2026 Adjusted EPS of $0.91, beating the $0.93 consensus by a narrow margin, while revenue of $1.31B exceeded the $1.27B estimate. However, GAAP diluted net loss per share widened to -$0.47 from -$0.08, driven by a $30.5M non-controlling interest redemption increment and higher acquisition-related costs. The company maintained its 2026 outlook, including the pending Ayesa Engineering acquisition, but the GAAP loss and negative free cash flow temper the headline beat.
Key Financial Metrics
Actionable Insight
The mixed quarter (Adjusted EPS miss but revenue beat) and unchanged guidance suggest limited near-term catalyst. Watch for Ayesa Engineering closing in late May and Q2 margin trends in Investment Management, where Adjusted EBITDA declined 8% YoY due to fundraising investments. The GAAP loss and negative FCF warrant caution despite the resilient revenue base.
Key Facts
- Adjusted EPS $0.91 vs consensus $0.93 (miss of ~2.2%)
- Revenue $1.31B vs consensus $1.27B (beat of ~3.1%)
- GAAP diluted net loss per share -$0.47 vs -$0.08 YoY
- Adjusted EBITDA $124.8M, up 8% YoY
- Free cash flow -$162.6M in Q1 vs -$56.9M YoY; TTM FCF $246.7M
- Commercial Real Estate revenues up 14%, Capital Markets up 47%
- Engineering revenues up 23%, Investment Management revenues up 7%
- 2026 outlook unchanged, including Ayesa Engineering acquisition expected to close late May
- Net debt / pro forma adjusted EBITDA ratio 2.3x
- Total AUM $109.3B, up 9% YoY
Financial Impact
Adjusted EPS $0.91 vs $0.93 consensus (miss); Revenue $1.31B vs $1.27B consensus (beat). GAAP net loss -$24.0M vs -$4.3M YoY.
Risk Factors
- GAAP net loss widening to -$24.0M from -$4.3M YoY
- Negative free cash flow of -$162.6M in Q1 vs -$56.9M YoY
- Investment Management Adjusted EBITDA down 8% YoY due to planned investments
- Net debt / EBITDA ratio increased to 2.3x from 2.0x at year-end 2025
- Pending Ayesa Engineering integration risk
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287477 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 28, 2026
12d ago
|
Press Release
| $94.36 $95.80 | ▲ +1.53% | ▲ +1.82% | $99.56 (+5.51%) |
|
May 27, 2026
13d ago
|
6-K
| $96.22 $95.80 | ▼ −0.44% | ▼ −0.91% | $99.56 (+3.47%) |
|
May 27, 2026
13d ago
|
Press Release
| $96.22 $95.80 | ▼ −0.44% | ▼ −0.91% | $99.56 (+3.47%) |
|
May 13, 2026
27d ago
|
6-K
| $98.72 $93.21 | ▼ −5.58% | ▼ −4.42% | $99.56 (+0.85%) |
|
May 12, 2026
28d ago
|
Press Release
| $95.40 $92.06 | ▼ −3.50% | ▼ −3.58% | $99.56 (+4.36%) |
|
May 11, 2026
29d ago
|
6-K
| $95.40 $92.06 | ▼ −3.50% | ▼ −3.58% | $99.56 (+4.36%) |
|
May 5, 2026
5w ago
|
Press Release
| $97.00 $95.40 | ▼ −1.65% | ▼ −3.63% | $99.56 (+2.64%) |
|
Apr 3, 2026
9w ago
|
EFFECT
| $108.66 $113.76 | ▲ +4.69% | ▲ +0.56% | $99.56 (−8.37%) |
|
Mar 2, 2026
14w ago
|
Press Release
| $116.55 $117.92 | ▲ +1.18% | ▲ +2.38% | $99.56 (−14.58%) |
|
Jan 20, 2026
20w ago
|
Court Ruling
| $143.00 $137.25 | ▼ −4.02% | ▼ −6.70% | $99.56 (−30.38%) |
US Market Status
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