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Absci (ABSI) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 7, 2026

Absci (ABSI) reported revenue of $215K for the first quarter 2026 (Q1 2026), -82% from a year earlier and -67% from the quarter before.

Revenue$215K
Year over year-82%
Quarter over quarter-67%
Operating margin—
Net earnings−$29.6M

Absci, Q1 2026: revenue $215K (-82% year over year), net loss $29.6M, operating cash flow −$26.3M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$215K-67%-82%
Operating profit−$30.8M——
Net earnings−$29.6M——
Operating cash flow−$26.3M——

What changed

Revenue was $215K in Q1 2026, down 82% year over year and down 67% from the previous quarter.

Operating costs exceeded revenue by $30.8M, an operating margin of -14347.0%. Total costs grew 7% against a revenue fall of 82%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $29.6M, wider than the previous quarter's $29.6M loss.

Operating cash flow was −$26.3M. Non-cash charges added back $2.7M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $30K exceeded it, leaving free cash flow of −$26.3M.

Questions

What was Absci's revenue in the first quarter 2026?

Absci (ABSI) reported revenue of $215K for the first quarter 2026 (Q1 2026), -82% from a year earlier and -67% from the quarter before.

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Source: Absci 10-Q on SEC EDGAR.