Filing Flows › Elutia (ELUT) › Q2 2026
Elutia (ELUT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Elutia (ELUT) reported revenue of $2.4M for the second quarter 2026 (Q2 2026), -12% from a year earlier and -22% from the quarter before. Operating margin was -327.9%, net loss $7.6M (315.0% of revenue).
Elutia, Q2 2026: revenue $2.4M (-12% year over year), operating margin -327.9%, net loss $7.6M, operating cash flow −$8.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | -22% | -12% |
| Operating profit | −$8.0M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | −$8.5M | — | — |
What changed
Revenue was $2.4M in Q2 2026, down 12% year over year and down 22% from the previous quarter.
Gross margin was 59.6%, up 6.7 points from Q2 2025. Operating costs exceeded revenue by $8.0M, an operating margin of -327.9%. Operating expenses fell 4% while revenue fell 12%. The fastest-growing cost line was Research & development (+156%). The quarter ended with a net loss of $7.6M, wider than the previous quarter's $7.5M loss.
Operating cash flow was −$8.5M. Non-cash charges added back $349K of depreciation and amortization and $905K of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $91K exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Elutia's revenue in the second quarter 2026?
Elutia (ELUT) reported revenue of $2.4M for the second quarter 2026 (Q2 2026), -12% from a year earlier and -22% from the quarter before.
Was Elutia profitable in the second quarter 2026?
Operating loss was $8.0M (-327.9% of revenue) and net loss $7.6M.
Source: Elutia 10-Q on SEC EDGAR.