Filing Flows › CVD Equipment (CVV) › Q1 2026
CVD Equipment (CVV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
CVD Equipment (CVV) reported revenue of $1.8M for the first quarter 2026 (Q1 2026), -71% from a year earlier and -63% from the quarter before. Operating margin was -97.4%, net loss $1.7M (90.2% of revenue).
CVD Equipment, Q1 2026: revenue $1.8M (-71% year over year), operating margin -97.4%, net loss $1.7M, operating cash flow −$852K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | -63% | -71% |
| Operating profit | −$1.8M | — | -768% |
| Net earnings | −$1.7M | — | -562% |
| Operating cash flow | −$852K | -315% | — |
What changed
Revenue was $1.8M in Q1 2026, down 71% year over year and down 63% from the previous quarter. Aerospace was the largest line at 60% of revenue. Industrial lost $3.3M year over year (down 89%), 73% of the total change.
Gross margin was 8.0%, down 19.4 points from Q1 2025. Operating costs exceeded revenue by $1.8M, an operating margin of -97.4%. Operating expenses fell 5% while revenue fell 71%. The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$852K. Non-cash charges added back $123K of depreciation and amortization and $220K of share-based compensation. Working capital and other items added $468K. Capital expenditures of $13K exceeded it, leaving free cash flow of −$865K.
Questions
What was CVD Equipment's revenue in the first quarter 2026?
CVD Equipment (CVV) reported revenue of $1.8M for the first quarter 2026 (Q1 2026), -71% from a year earlier and -63% from the quarter before.
Was CVD Equipment profitable in the first quarter 2026?
Operating loss was $1.8M (-97.4% of revenue) and net loss $1.7M.
Source: CVD Equipment 10-Q on SEC EDGAR.