Filing Flows › Caris Life Sciences (CAI) › Q1 2026
Caris Life Sciences (CAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Caris Life Sciences (CAI) reported revenue of $216M for the first quarter 2026 (Q1 2026), +79% from a year earlier and -26% from the quarter before. Operating margin was 2.4%, net loss $510K (0.2% of revenue).
Caris Life Sciences, Q1 2026: revenue $216M (+79% year over year), operating margin 2.4%, net loss $510K, operating cash flow $32.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $216M | -26% | +79% |
| Operating profit | $5.3M | -94% | — |
| Net earnings | −$510K | -101% | — |
| Operating cash flow | $32.9M | -27% | — |
| Free cash flow | $22.5M | — | — |
What changed
Revenue was $216.2M in Q1 2026, up 79% year over year and down 26% from the previous quarter. Molecular Profiling Services was the largest line at 98% of revenue. Molecular Profiling Services added $96.7M year over year (up 85%), 102% of the total change. Pharma Research and Development Services declined 21%.
Operating profit was $5.3M, a 2.4% margin (up 50.4 points year over year). Total costs grew 18% against revenue growth of 79%. The fastest-growing cost line was Research & development (+36%). The quarter ended with a net loss of $510K, after a profit of $82.0M the previous quarter. Net interest and other expense of $5.9M was the main reason.
Operating cash flow was $32.9M. Non-cash charges added back $5.1M of depreciation and amortization and $15.9M of share-based compensation. Working capital and other items added $12.4M. After purchases of property and equipment ($10.3M), free cash flow as the company reports it was $22.5M.
Questions
What was Caris Life Sciences' revenue in the first quarter 2026?
Caris Life Sciences (CAI) reported revenue of $216M for the first quarter 2026 (Q1 2026), +79% from a year earlier and -26% from the quarter before.
Was Caris Life Sciences profitable in the first quarter 2026?
Operating profit was $5.3M (2.4% of revenue) and net loss $510K.