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Dare Bioscience (DARE) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Dare Bioscience (DARE) Q2 2026 earnings results →

Dare Bioscience made $188K in Q2 2026. Operating margin n/m, net loss $3.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$188K
Year over year—
Operating marginn/m
Net earnings−$3.0M
Operating cash flow−$6.8M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $188K in Q2 2026, up 23% from the previous quarter.

Operating costs exceeded revenue by $3.0M, an operating margin of -1582.5%. The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $3.0M loss.

Operating cash flow was −$6.8M. Non-cash charges added back $572K of depreciation and amortization and $287K of share-based compensation. Working capital and other items used $4.7M. Capital expenditures of $81K exceeded it, leaving free cash flow of −$6.9M.

Quarterly history

Dare Bioscience revenue by quarterDare Bioscience revenue by quarter$25KQ1 2025$2KQ3 2025$1.0MQ4 2025$152KQ1 2026$188KQ2 2026
Dare Bioscience net earnings by quarterDare Bioscience net earnings by quarter−$4.4MQ1 2025−$3.6MQ3 2025−$1.4MQ4 2025−$3.0MQ1 2026−$3.0MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$188K—n/m−$3.0M−$6.8M
Q1 202610-QMay 14, 2026$152K+500%n/m−$3.0M−$5.5M
Q4 202510-KMar 26, 2026$1.0M—-143.7%−$1.4M$1.4M
Q3 202510-QNov 13, 2025$2K-95%n/m−$3.6M−$442K
Q1 202510-QMay 13, 2025$25K+173%n/m−$4.4M−$5.5M

Charts

Dare Bioscience: revenue growth, year over year and quarter over quarterDare Bioscience: revenue growth, year over year and quarter over quarterY/YQ/Q+173%Q1 2025-95%-91%Q3 2025+400%Q4 2025+400%-85%Q1 2026+23%Q2 2026
Latest (Q2 2026): Y/Y —, Q/Q +23%.
Dare Bioscience: where the cash came from (+) and went (−), TTM to Q2 2026Dare Bioscience: where the cash came from (+) and went (−), TTM to Q2 2026Shares issued$20.3MOperating cash flow−$11.3MCash drawn (+) / kept (−)−$7.6MOther financing−$970KCapital spending−$462KExchange rates$28K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Dare Bioscience: profit against cash, quarter by quarterDare Bioscience: profit against cash, quarter by quarterNet incomeOperating cash flow−$4.7M−$5.9MQ3 2024−$5.5M$5.3MQ4 2024−$4.4M−$5.5MQ1 2025−$4.0M−$5.4MQ2 2025−$3.6M−$442KQ3 2025−$1.4M$1.4MQ4 2025−$3.0M−$5.5MQ1 2026−$3.0M−$6.8MQ2 2026
Latest (Q2 2026): Net income −$3.0M, Operating cash flow −$6.8M.
Dare Bioscience: diluted shares by fiscal year (split-adjusted)Dare Bioscience: diluted shares by fiscal year (split-adjusted)60MFY202061MFY202185MFY20227MFY20238MFY202411MFY2025
-81.4% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2021.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Dare Bioscience

The terms “we,” “us,” “our,” “Daré” or the “Company” refer collectively to Daré Bioscience, Inc. and its wholly-owned subsidiaries, unless otherwise stated or the context otherwise requires. All information in this report is based on our fiscal year. Unless otherwise stated, references to particular years, quarters, months or periods refer to our fiscal years ending December 31 and the associated quarters, months and periods of those fiscal years. We are a purpose-driven health biotech company solely focused on closing the gap in women's health between promising science and real-world solutions. Every innovation we advance is based in advanced science and backed by rigorous, peer-reviewed research. From contraception to menopause, pelvic pain to fertility, vaginal health to infectious disease, we’re working to close critical gaps in care using science that serves her needs.

In its own words, from its 10-K, filed Mar 26, 2026.

Dare Bioscience against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter.

CompanyQuarterRevenueY/YOp. margin
DARE Dare BioscienceQ2 2026$188K—n/m
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: Dare Bioscience 10-Q on SEC EDGAR · CIK 1401914 · Pharmaceutical Preparations

13F: who owns DARE and who is buying

Largest holders of DARE (13F)Largest holders of DARE (13F)Vanguard Capital Management LLC$1.4MVanguard Group$1.0MAMH Equity$488KGeode Capital Management, LLC$296KUS Bancorp$255KVanguard Fiduciary Trust$193KBlackRock$136KState Street$100KJane Street Group, LLC$76KNorthern Trust$72K
Funds' net buying of DARE by quarter (13F)Funds' net buying of DARE by quarter (13F)$499K2024-09$169K2024-12$144K2025-03$185K2025-06$220K2025-09$363K2025-12$74K2026-03$4K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DARE

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q1 2025 results

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