Filing Flows › Birchtech (BCHT) › Q1 2026
Birchtech (BCHT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Birchtech (BCHT) reported revenue of $4.2M for the first quarter 2026 (Q1 2026), +32% from a year earlier and +12% from the quarter before. Operating margin was -27.1%, net loss $1.3M (31.7% of revenue).
Birchtech, Q1 2026: revenue $4.2M (+32% year over year), operating margin -27.1%, net loss $1.3M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2M | +12% | +32% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$2.2M | -329% | — |
What changed
Revenue was $4.2M in Q1 2026, up 32% year over year and up 12% from the previous quarter. Product Revenue was the largest line at 99% of revenue. Product Revenue added $1.5M year over year (up 56%), 148% of the total change.
Gross margin was 32.6%, down 5.7 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -27.1%. Operating expenses fell 2% while revenue rose 32%. The fastest-growing cost line was Research & development (+35%). The quarter ended with a net loss of $1.3M, wider than the previous quarter's $593K loss.
Operating cash flow was −$2.2M. Non-cash charges added back $94K of depreciation and amortization and $0K of share-based compensation. Working capital and other items used $1.0M.
Questions
What was Birchtech's revenue in the first quarter 2026?
Birchtech (BCHT) reported revenue of $4.2M for the first quarter 2026 (Q1 2026), +32% from a year earlier and +12% from the quarter before.
Was Birchtech profitable in the first quarter 2026?
Operating loss was $1.1M (-27.1% of revenue) and net loss $1.3M.
Source: Birchtech 10-Q on SEC EDGAR.