Filing Flows › Establishment Labs Holdings (ESTA) › Q1 2026
Establishment Labs Holdings (ESTA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Establishment Labs Holdings (ESTA) reported revenue of $59.9M for the first quarter 2026 (Q1 2026), +45% from a year earlier and -7% from the quarter before. Operating margin was -10.9%, net loss $13.4M (22.3% of revenue).
Establishment Labs Holdings, Q1 2026: revenue $59.9M (+45% year over year), operating margin -10.9%, net loss $13.4M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.9M | -7% | +45% |
| Operating profit | −$6.5M | — | — |
| Net earnings | −$13.4M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $59.9M in Q1 2026, up 45% year over year and down 7% from the previous quarter.
Gross margin was 70.7%, up 3.5 points from Q1 2025. Operating costs exceeded revenue by $6.5M, an operating margin of -10.9%. Operating expenses grew 9% against revenue growth of 45%. The quarter ended with a net loss of $13.4M, wider than the previous quarter's $2.6M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $1.6M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $4.5M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$6.2M.
Questions
What was Establishment Labs Holdings' revenue in the first quarter 2026?
Establishment Labs Holdings (ESTA) reported revenue of $59.9M for the first quarter 2026 (Q1 2026), +45% from a year earlier and -7% from the quarter before.
Was Establishment Labs Holdings profitable in the first quarter 2026?
Operating loss was $6.5M (-10.9% of revenue) and net loss $13.4M.