Filing Flows › Bausch Health Companies (BHC) › Q1 2026
Bausch Health Companies (BHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Bausch Health Companies (BHC) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +12% from a year earlier and -10% from the quarter before. Operating margin was -37.6%, net loss $1.4B (56.7% of revenue).
Bausch Health Companies, Q1 2026: revenue $2.5B (+12% year over year), operating margin -37.6%, net loss $1.4B, operating cash flow $230M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -10% | +12% |
| Operating profit | −$950M | -300% | -444% |
| Net earnings | −$1.4B | — | — |
| Operating cash flow | $230M | -54% | +9% |
| Free cash flow | $121M | -70% | +26% |
What changed
Revenue was $2.5B in Q1 2026, up 12% year over year and down 10% from the previous quarter. Product sales was the largest line at 99% of revenue. Product sales added $0.27B year over year (up 12%), 103% of the total change. Other revenues declined 25%.
Operating costs exceeded revenue by $0.9B, an operating margin of -37.6%. Total costs grew 75% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+152%). The quarter ended with a net loss of $1.4B, wider than the previous quarter's $0.10B loss. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $1.4B.
Operating cash flow was $0.23B (up 9% year over year). Non-cash charges added back $0.29B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.11B left free cash flow of $0.12B.
Questions
What was Bausch Health Companies' revenue in the first quarter 2026?
Bausch Health Companies (BHC) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +12% from a year earlier and -10% from the quarter before.
Was Bausch Health Companies profitable in the first quarter 2026?
Operating loss was $950M (-37.6% of revenue) and net loss $1.4B.