Filing Flows › Absci (ABSI) › Q1 2026
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.
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 2026 | Amount | Q/Q | Y/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.
Source: Absci 10-Q on SEC EDGAR.