-- Tribe achieved revenue of $8.3 million in Q2-2026, an increase of 3.0%
compared to $8.1 million in Q2-2025. Software and Services recurring
revenue increased 4.9% year-over-year, driven by continued platform
adoption, customer retention, and demand for Tribe's recurring digital
service offerings and integrated technology solutions.
-- 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.
-- Subsequent to quarter-end, Tribe announced the appointment of
Jerome Samuels as Chief Operating Officer, responsible for the Company's
operational strategy and execution, scaling the organization, and
reinforcing the Company's continued advancement of One Tribe OS and its
national operating platform.
VANCOUVER, BC, Aug. 25, 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 second quarter for the three months ended June 30, 2026. All amounts are stated in Canadian dollars on an as reported basis under IFRS (International Financial Reporting Standards) unless otherwise indicated.
Joseph Nakhla, Tribe's CEO commented, "Tribe continued to make important progress in the second quarter as we strengthen the foundation for our next phase of growth. The appointment of Jerome Samuels as Chief Operating Officer reflects our focus on building a more scalable, consistent, and technology-enabled operating platform. Jerome's experience in operations, customer experience, and organizational transformation will be instrumental as we continue integrating our national platform and advancing One Tribe OS. Alongside the continued adoption of Tribe Home and the expansion of Home Pro, we are focused on creating a more connected technology ecosystem that delivers greater value to our communities, residents, and property management partners."
Scott Ullrich, Tribe's CFO, stated, "Our second quarter results reflect continued improvement in the underlying economics of the business, with gross profit increasing 3.6% to $3.5 million and gross margin expanding to 42.0%, while our net loss declined 22.4%, to $1.0 million. We are maintaining a disciplined approach to costs and capital allocation while continuing to identify opportunities to improve operating efficiency across our national platform. We remain focused on translating revenue growth and technology-driven efficiencies into stronger margins, improved Adjusted EBITDA performance, and sustainable cash flow generation as we continue to build toward profitability."
Q2-2026 Financial Highlights:
-- Revenue: Tribe achieved revenue of $8.3 million in the second quarter
2026; an increase of 3.0% compared to $8.1 million achieved in the second
quarter of 2025. Software and service fees were $6.9 million in Q2-2026,
up 4.9% from $6.6 million in Q2-2025.
-- Gross profit2: Tribe achieved Gross profit of $3.5 million in the second
quarter 2026; an increase of 3.6% compared to $3.4 million in the second
quarter of 2025. Gross profit percentage was 42.0% in the second quarter
of 2026, compared to Gross profit percentage of 41.7% in the second
quarter of 2025.
-- Adjusted EBITDA1: Tribe reported an Adjusted EBITDA loss of $0.15 million
in the second quarter 2026 compared to an Adjusted EBITDA loss of $0.04
million in the second quarter of 2025.
-- Net loss: Tribe reported a net loss of $1.0 million in Q2-2026, a
decrease of 22.4% compared to a net loss of $1.29 million in Q2-2025.
Outlook:
Management remains confident that the Company will continue building momentum through 2026 and into 2027, supported by ongoing operational execution, disciplined cost management, and continued integration of recently amalgamated acquisitions. The Company remains focused on driving revenue growth, expanding margins, and improving profitability, while advancing its technology-first strategy.
Key priorities include:
-- Innovating with AI capabilities: Integrate AI-driven tools into property
management and digital services to improve efficiency, resident
engagement, and data-driven decision-making.
-- Enhancing profitability: Continue implementing operational efficiencies
and leveraging technology to improve gross profits and strengthen Tribe's
Adjusted EBITDA profile.
-- Increasing Organic Revenue Growth: Expand recurring software and service
revenues through increased adoption of Tribe Home, growth in managed
communities, expanded Home Pro deployments, and deeper penetration of
value-added products and services across Tribe's national platform.
-- Pursuing strategic acquisitions: Evaluate and execute acquisitions that
are immediately accretive and complement Tribe's AI capabilities and
national platform.
-- Building strategic partnerships: Leverage the Tribe platform to create
curated offers and services that support the daily lifestyle needs of
communities, highlighting collaborations with Canadian businesses and
driving value for residents.
Second Quarter 2026 Financial Results Webinar
The Company will hold a conference call and simultaneous webcast to discuss its results on Tuesday, August 25, 2026, at 1:00 pm ET (10:00 am PT). The call will be hosted by Joseph Nakhla, Chief Executive Officer, and Scott Ullrich, Chief Financial Officer. Please dial-in 10 minutes prior to the start of the call.
Related earnings release materials will be available on SEDAR profile at www.sedar.com and Tribe's website at https://tribetech.com/investors/.
Webinar Details:
Date: Tuesday, August 25, 2026
Time: 1:00 pm ET (10:00 am PT).
Webinar Registration: https://bit.ly/TRBE-Q2-26-Investor-Webinar
Dial-in: +1 778 907 2071 (Vancouver local)
+1 647 374 4685 (Toronto local)
Meeting ID #: 886 9551 1765
Please connect 5 minutes prior to the conference call to ensure time for any software download that may be required.
Non-IFRS Measures
The following and preceding discussion of financial results includes reference to Gross Profit, Gross Profit Percentage and Adjusted EBITDA, which are all non-IFRS financial measures. Non-IFRS measures do not have a standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS and should be read in conjunction with the consolidated financial statements for the periods indicated.
(1) Non-IFRS measures: Adjusted EBITDA does not have a standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. We define Adjusted EBITDA attributed to shareholders as net income or loss excluding severance and acquisition costs, interest expense and finance costs, foreign exchange gains and losses, current and deferred income taxes, depreciation and amortization, stock-based compensation, fair value gains and losses on investments, and other expenses. We believe Adjusted EBITDA is a useful measure as it provides important and relevant information to our management about our operating and financial performance. Adjusted EBITDA also enables our management to assess our ability to generate operating cash flow to fund future working capital needs, and to support future growth. Excluding these items does not imply that they are non-recurring or not useful to investors. Investors should be cautioned that Adjusted EBITDA attributable to shareholders should not be construed as an alternative to net income (loss) or cash flows as determined under IFRS.
(2) Non-IFRS measures: Gross profit and gross profit percentage do not have a standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. We define gross profit as revenue, excluding ancillary revenues, less cost of software and services and software licensing fees. Cost of software and services include direct costs of community managers, client accounting staff and accounting software, excluding client administration and other administrative applications. We define gross profit percentage as gross profit calculated as a percentage of revenues, excluding ancillary revenues. Gross profit and gross profit percentage should not be construed as an alternative for revenue or net loss in accordance with IFRS. We believe that gross profit and gross profit percentage are meaningful metrics in assessing our financial performance and operational efficiency.
SELECTED QUARTERLY FINANCIAL INFORMATION
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