Filing Flows › Firefly Neuroscience (AIFF) › Q1 2026
Firefly Neuroscience (AIFF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Firefly Neuroscience (AIFF) reported revenue of $485K for the first quarter 2026 (Q1 2026), up 11-fold from a year earlier and +18% from the quarter before. Operating margin was -414.4%, net loss $2.0M (413.2% of revenue).
Firefly Neuroscience, Q1 2026: revenue $485K (11× year over year), operating margin -414.4%, net loss $2.0M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $485K | +18% | 11× |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $485K in Q1 2026, up 1028% year over year and up 18% from the previous quarter. Service was the largest line at 45% of revenue. Service added $207K year over year (up 2300%), 47% of the total change. Rentals declined 56%.
Gross margin was 45.6%, down 54.4 points from Q1 2025. Operating costs exceeded revenue by $2.0M, an operating margin of -414.4%. Operating expenses grew 6% against revenue growth of 1028%. The fastest-growing cost line was Research & development (+36%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.5M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $45K of depreciation and amortization and $423K of share-based compensation. Working capital and other items used $412K. Capital expenditures of $58K exceeded it, leaving free cash flow of −$2.0M.
Questions
What was Firefly Neuroscience's revenue in the first quarter 2026?
Firefly Neuroscience (AIFF) reported revenue of $485K for the first quarter 2026 (Q1 2026), up 11-fold from a year earlier and +18% from the quarter before.
Was Firefly Neuroscience profitable in the first quarter 2026?
Operating loss was $2.0M (-414.4% of revenue) and net loss $2.0M.