Filing Flows › Dyadic International (DYAI) › Q1 2026
Dyadic International (DYAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Dyadic International (DYAI) reported revenue of $1.1M for the first quarter 2026 (Q1 2026), +182% from a year earlier and +96% from the quarter before. Operating margin was -171.3%, net loss $2.0M (175.9% of revenue).
Dyadic International, Q1 2026: revenue $1.1M (+182% year over year), operating margin -171.3%, net loss $2.0M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | +96% | +182% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$2.0M | — | — |
What changed
Revenue was $1.1M in Q1 2026, up 182% year over year and up 96% from the previous quarter. Grant was the largest line at 44% of revenue. Grant added $277K year over year (up 132%), 39% of the total change.
Operating costs exceeded revenue by $1.9M, an operating margin of -171.3%. Total costs grew 26% against revenue growth of 182%. The quarter ended with a net loss of $2.0M, wider than the previous quarter's $1.6M loss.
Operating cash flow was −$2.0M. Non-cash charges added back $139K of share-based compensation. Working capital and other items used $148K.
Questions
What was Dyadic International's revenue in the first quarter 2026?
Dyadic International (DYAI) reported revenue of $1.1M for the first quarter 2026 (Q1 2026), +182% from a year earlier and +96% from the quarter before.
Was Dyadic International profitable in the first quarter 2026?
Operating loss was $1.9M (-171.3% of revenue) and net loss $2.0M.