Q1 reflects encouraging momentum with sales growth, margin expansion, and continued progress in European markets.

SAN FRANCISCO, May 1, 2026 /PRNewswire/ -- Pacaso, the leading technology-enabled marketplace for co-owned luxury vacation homes, today announced financial results for the first quarter ended March 31, 2026. Q1 results show rising gross profit and a foundation in place to scale a more efficient, globally diversified business.

Q1 2026 financial highlights:

Adjusted gross profit, excluding whole home sales1, was $7.9M, up 25% year over year.

Adjusted gross profit margin, excluding whole home sales, was 18.5%, up from 14.9% in Q1 2025. This represents 360 basis points of expansion.

Adjusted EBITDA2 loss improved by 17% year over year to $(3.4M).

"The past couple of years tested the broader real estate market, and we used that time to build a more disciplined and efficient operating model. Q1 reflects the early benefits of that work," said Austin Allison, co-founder and CEO of Pacaso. "We're seeing it in faster inventory turns, improved pricing, and meaningful gains ...