Filing Flows › CitroTech (CITR) › Q1 2026
CitroTech (CITR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
CitroTech (CITR) reported revenue of $345K for the first quarter 2026 (Q1 2026), -64% from a year earlier and -21% from the quarter before.
CitroTech, Q1 2026: revenue $345K (-64% year over year), net loss $6.2M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $345K | -21% | -64% |
| Operating profit | −$4.4M | — | — |
| Net earnings | −$6.2M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $345K in Q1 2026, down 64% year over year and down 21% from the previous quarter. Products Sale was the largest line at 59% of revenue. Products Sale lost $401K year over year (down 66%), 64% of the total change.
Operating costs exceeded revenue by $4.4M, an operating margin of -1289.3%. Total costs grew 8% against a revenue fall of 64%. The fastest-growing cost line was Research & development (+915%). The quarter ended with a net loss of $6.2M, wider than the previous quarter's $6.1M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $126K of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $11K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was CitroTech's revenue in the first quarter 2026?
CitroTech (CITR) reported revenue of $345K for the first quarter 2026 (Q1 2026), -64% from a year earlier and -21% from the quarter before.
Source: CitroTech 10-Q on SEC EDGAR.