Filing Flows › Capstone Holding (CAPS) › Q1 2026
Capstone Holding (CAPS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Capstone Holding (CAPS) reported revenue of $12.6M for the first quarter 2026 (Q1 2026), +60% from a year earlier and +1% from the quarter before. Operating margin was -11.8%, net loss $1.9M (15.2% of revenue).
Capstone Holding, Q1 2026: revenue $12.6M (+60% year over year), operating margin -11.8%, net loss $1.9M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6M | +1% | +60% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $12.6M in Q1 2026, up 60% year over year and up 1% from the previous quarter.
Gross margin was 23.5%, up 6.7 points from Q1 2025. Operating costs exceeded revenue by $1.5M, an operating margin of -11.8%. Operating expenses grew 62% against revenue growth of 60%. The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $16.8M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $161K of depreciation and amortization. Working capital and other items used $1.0M. Capital expenditures of $29K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Capstone Holding's revenue in the first quarter 2026?
Capstone Holding (CAPS) reported revenue of $12.6M for the first quarter 2026 (Q1 2026), +60% from a year earlier and +1% from the quarter before.
Was Capstone Holding profitable in the first quarter 2026?
Operating loss was $1.5M (-11.8% of revenue) and net loss $1.9M.
Source: Capstone Holding 10-Q on SEC EDGAR.