Business
Tribe Property Technologies Reports Second Consecutive Quarter of Positive Adjusted EBITDA
Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) ("Tribe" or the "Company"), a leading provider of technology-elevated property management solutions, today announces its financial results for the fiscal first quarter for the three months ended March 31, 2026. All amounts are stated in Canadian dollars on an as reported basis under IFRS (International Financial Reporting Standards) unless otherwise indicated.
About this update from Tribe Property Technologies Inc
[{"type":"list","items":[{"val":[{"type":"text","content":"Tribe achieved revenue of $8.2 million in Q1-2026, compared to $8.0 million in Q1-2025, while achieving gross profit2 of $3.6 million, compared to $3.5 million in the same quarter last year. Tribe posted positive Adjusted EBITDA1 of $0.1 million in Q1-2026, compared to Adjusted EBITDA of $0.32 million in Q1-2025.","length":314,"tagName":"p"}]},{"val":[{"type":"text","content":"Software and Services recurring revenue increased 7.9% year-over-year, driven by continued platform adoption, strong customer retention, and growing demand for Tribe's recurring digital service offerings and integrated technology solutions.","length":244,"tagName":"p"}]},{"val":[{"type":"text","content":"Tribe strengthened balance sheet and improved cash flow profile, with vendor take-back (VTB) obligations reduced by 69% and interest expense lowered by 39% year-over-year, reflecting continued deleveraging and disciplined capital management.","length":241,"tagName":"p"}]},{"val":[{"type":"text","content":"Tribe's Home Pro platform surpassed 1.5 million tracked deficiencies and warranty items across 300+ residential projects in Canada, strengthening its position in tech-enabled post-construction management.","length":208,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1007,"olType":false},{"type":"text","content":"VANCOUVER, BC, May 26, 2026 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) ("Tribe" or the "Company"), a leading provider of technology-elevated property management solutions, today announces its financial results for the fiscal first quarter for the three months ended March 31, 2026. All amounts are stated in Canadian dollars on an as reported basis under IFRS (International Financial Reporting Standards) unless otherwise indicated.","length":479,"tagName":"p"},{"type":"image","alt":"Tribe Property Technologies Inc. (CNW Group/Tribe Property Technologies Inc.)","displaySize":"","headline":null,"caption":"Tribe Property Technologies Inc. (CNW Group/Tribe Property Technologies Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":175,"url":"https://media.zenfs.com/en/cnwgroup.com/94ae0418f42ae9734858c939811e034f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KOckM_mhUJv_nyd2AEEAsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcw...