Monitor merger developments closely, as the proposed acquisition by Long Lake Management introduces uncertainty. Deteriorating profitability and negative free cash flow despite strong revenue growth suggest underlying cost pressures that could weigh on the stock in the near term.
Price Chart
Executive Summary
Global Business Travel Group reported strong Q1 2026 revenue growth of 35% to $840M, but net income fell 28% to $54M and free cash flow turned negative at -$52M. The company also announced a proposed acquisition by Long Lake Management and suspended earnings guidance, adding significant uncertainty.
Key Facts
- Revenue increased 35% YoY to $840 million in Q1 2026.
- Net income decreased 28% to $54 million from $75 million.
- Adjusted EBITDA grew 6% to $150 million.
- Free cash flow was -$52 million vs +$26 million in prior year.
- Net Debt / LTM Adjusted EBITDA rose to 2.0x from 1.7x.
- Company announced proposed acquisition by Long Lake Management and suspended earnings calls and guidance.
Financial Impact
Revenue up $219M (35%), net income down $21M (28%), FCF swing of -$78M.
Risk Factors
- Merger may not close or may face regulatory hurdles.
- Profitability declining due to rising operating expenses.
- Negative free cash flow may constrain strategic flexibility.
- Suspension of guidance reduces visibility for investors.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-018689 |
| Document: ef20072337_form8k.htm | 0001140361-26-018689 |
| Document: 0001140361-26-018689-index-headers.html | 0001140361-26-018689 |
| Document: 0001140361-26-018689-index.html | 0001140361-26-018689 |
| Document: 0001140361-26-018689.txt | 0001140361-26-018689 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 8w ago | Insider Cluster | $9.46 $9.48 | ▲ +0.21% | ▲ +0.61% | $9.50 (+0.42%) |
Aug 4, 2026 8w ago | 8-K | $9.43 $9.46 | ▲ +0.32% | ▲ +1.56% | $9.50 (+0.74%) |
Jun 15, 2026 15w ago | Insider Cluster | $9.36 $9.41 | ▼ −0.53% | ▼ −0.33% | $9.50 (−1.50%) |
Jun 12, 2026 16w ago | Institutional Cluster | $9.36 $9.40 | ▲ +0.43% | ▼ −1.35% | $9.50 (+1.50%) |
Jun 11, 2026 16w ago | Insider Cluster | $9.36 $9.40 | ▲ +0.43% | ▼ −1.35% | $9.50 (+1.50%) |
Jun 10, 2026 16w ago | Insider Cluster | $9.36 $9.39 | ▲ +0.32% | ▼ −1.57% | $9.50 (+1.50%) |
Jun 9, 2026 16w ago | 144 | $9.34 $9.39 | ▼ −0.54% | ▲ +3.09% | $9.50 (−1.71%) |
Jun 8, 2026 16w ago | 8-K | $9.35 $9.40 | ▲ +0.53% | ▼ −1.10% | $9.50 (+1.60%) |
Jun 5, 2026 17w ago | 144 / CLUSTER | $9.35 $9.40 | ▼ −0.53% | ▲ +1.10% | $9.50 (−1.60%) |
Jun 2, 2026 17w ago | 144 | $9.37 $9.40 | ▲ +0.32% | ▲ +1.32% | $9.50 (+1.39%) |
US Market Status
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