Filing Flows › Spectral Capital (FCCN) › Q1 2026
Spectral Capital (FCCN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Spectral Capital (FCCN) reported revenue of $329M for the first quarter 2026 (Q1 2026) and up 18-fold from the quarter before. Operating margin was -0.9%, net loss $9.4M (2.9% of revenue).
Spectral Capital, Q1 2026: revenue $329M, operating margin -0.9%, net loss $9.4M, operating cash flow −$523K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | 18× | — |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$9.4M | -397% | — |
| Operating cash flow | −$523K | — | — |
What changed
Revenue was $328.5M in Q1 2026, up 1657% from the previous quarter. Voice Services was the largest line at 99% of revenue.
Gross margin was 0.7%. Operating costs exceeded revenue by $3.0M, an operating margin of -0.9%. The quarter ended with a net loss of $9.4M, after a profit of $3.2M the previous quarter. Net interest and other expense of $6.3M was the main reason.
Operating cash flow was −$523K. Non-cash charges added back $15K of depreciation and amortization and $275K of share-based compensation. Working capital and other items added $8.6M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$529K.
Questions
What was Spectral Capital's revenue in the first quarter 2026?
Spectral Capital (FCCN) reported revenue of $329M for the first quarter 2026 (Q1 2026) and up 18-fold from the quarter before.
Was Spectral Capital profitable in the first quarter 2026?
Operating loss was $3.0M (-0.9% of revenue) and net loss $9.4M.
Source: Spectral Capital 10-Q on SEC EDGAR.