Filing Flows › Elmet Group (ELMT) › Q1 2026
Elmet Group (ELMT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 29, 2026
Elmet Group (ELMT) reported revenue of $56.0M for the first quarter 2026 (Q1 2026), +21% from a year earlier. Operating margin was 3.3%, net loss $338K (0.6% of revenue).
Elmet Group, Q1 2026: revenue $56.0M (+21% year over year), operating margin 3.3%, net loss $338K, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.0M | — | +21% |
| Operating profit | $1.9M | — | — |
| Net earnings | −$338K | — | — |
| Operating cash flow | $6.9M | — | +30% |
| Free cash flow | $4.6M | — | +78% |
What changed
Revenue was $56.0M in Q1 2026, up 21% year over year.
Gross margin was 21.2%, up 2.6 points from a year earlier. Operating profit was $1.9M, a 3.3% margin (down 2.8 points year over year). Operating profit fell $1.0M even though revenue rose $9.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 74% against revenue growth of 21%. The fastest-growing cost line was General & admin (+117%). The quarter ended with a net loss of $338K. Non-operating items added $2.5M, 57% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.9M (up 30% year over year). Non-cash charges added back $1.9M of depreciation and amortization and $645K of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $2.3M left free cash flow of $4.6M.
Questions
What was Elmet Group's revenue in the first quarter 2026?
Elmet Group (ELMT) reported revenue of $56.0M for the first quarter 2026 (Q1 2026), +21% from a year earlier.
Was Elmet Group profitable in the first quarter 2026?
Operating profit was $1.9M (3.3% of revenue) and net loss $338K.
Source: Elmet Group 10-Q on SEC EDGAR.