Filing Flows › Artivion (AORT) › Q1 2026
Artivion (AORT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Artivion (AORT) reported revenue of $116M for the first quarter 2026 (Q1 2026), +18% from a year earlier and +0.3% from the quarter before. Operating margin was 5.0%, net earnings $1.4M (1.2% of revenue).
Artivion, Q1 2026: revenue $116M (+18% year over year), operating margin 5.0%, net earnings $1.4M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +0.3% | +18% |
| Gross profit | $75.4M | +3% | +19% |
| Operating profit | $5.8M | -46% | +170% |
| Net earnings | $1.4M | -42% | — |
| Operating cash flow | $1.2M | -94% | — |
What changed
Revenue was $116.3M in Q1 2026, up 18% year over year and roughly flat from the previous quarter. Aortic stent grafts was the largest line at 38% of revenue. Aortic stent grafts added $7.8M year over year (up 21%), 45% of the total change. Other declined 9%.
Gross margin was 64.9%, up 0.6 points from Q1 2025. Operating profit was $5.8M, a 5.0% margin (up 2.8 points year over year). Of the extra revenue versus Q1 2025, 21% reached operating profit, above the 2% margin then. Operating expenses grew 13% against revenue growth of 18%. The fastest-growing cost line was Research & development (+31%). Net earnings were $1.4M. The tax line was a benefit of $1.1M on pre-tax earnings of $339K.
Operating cash flow was $1.2M, 81% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items used $15.0M. Capital expenditures of $8.0M exceeded it, leaving free cash flow of −$6.8M.
Questions
What was Artivion's revenue in the first quarter 2026?
Artivion (AORT) reported revenue of $116M for the first quarter 2026 (Q1 2026), +18% from a year earlier and +0.3% from the quarter before.
Was Artivion profitable in the first quarter 2026?
Operating profit was $5.8M (5.0% of revenue) and net earnings $1.4M.
Source: Artivion 10-Q on SEC EDGAR.