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Coya Therapeutics (COYA) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 12, 2026

Coya Therapeutics (COYA) reported revenue of $251K for the first quarter 2026 (Q1 2026), -3% from a year earlier and -94% from the quarter before.

Revenue$251K
Year over year-3%
Quarter over quarter-94%
Operating margin—
Net earnings−$7.2M

Coya Therapeutics, Q1 2026: revenue $251K (-3% year over year), net loss $7.2M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$251K-94%-3%
Operating profit−$7.6M——
Net earnings−$7.2M——
Operating cash flow−$6.2M——

What changed

Revenue was $251K in Q1 2026, down 3% year over year and down 94% from the previous quarter.

Operating costs exceeded revenue by $7.6M, an operating margin of -3042.1%. Total costs fell 1% while revenue fell 3%. The fastest-growing cost line was General & admin (+39%). The quarter ended with a net loss of $7.2M, wider than the previous quarter's $5.7M loss.

Operating cash flow was −$6.2M. Non-cash charges added back $3K of depreciation and $2.2M of share-based compensation. Working capital and other items used $1.2M.

Questions

What was Coya Therapeutics' revenue in the first quarter 2026?

Coya Therapeutics (COYA) reported revenue of $251K for the first quarter 2026 (Q1 2026), -3% from a year earlier and -94% from the quarter before.

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Source: Coya Therapeutics 10-Q on SEC EDGAR.