Filing Flows › Elutia (ELUT) › Q1 2026
Elutia (ELUT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Elutia (ELUT) reported revenue of $3.1M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -5% from the quarter before. Operating margin was -203.9%, net loss $7.5M (239.9% of revenue).
Elutia, Q1 2026: revenue $3.1M (+6% year over year), operating margin -203.9%, net loss $7.5M, operating cash flow −$7.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | -5% | +6% |
| Operating profit | −$6.3M | — | — |
| Net earnings | −$7.5M | -111% | — |
| Operating cash flow | −$7.8M | — | — |
What changed
Revenue was $3.1M in Q1 2026, up 6% year over year and down 5% from the previous quarter.
Gross margin was 57.9%, up 11.0 points from Q1 2025. Operating costs exceeded revenue by $6.3M, an operating margin of -203.9%. Operating expenses fell 0% while revenue rose 6%. The fastest-growing cost line was Research & development (+127%). The quarter ended with a net loss of $7.5M, after a profit of $70.8M the previous quarter.
Operating cash flow was −$7.8M. Non-cash charges added back $330K of depreciation and amortization and $931K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $459K exceeded it, leaving free cash flow of −$8.3M.
Questions
What was Elutia's revenue in the first quarter 2026?
Elutia (ELUT) reported revenue of $3.1M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -5% from the quarter before.
Was Elutia profitable in the first quarter 2026?
Operating loss was $6.3M (-203.9% of revenue) and net loss $7.5M.
Source: Elutia 10-Q on SEC EDGAR.