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GlobalTech (GLTK) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 15, 2026

GlobalTech (GLTK) reported revenue of $10.4M for the first quarter 2026 (Q1 2026), +140% from a year earlier and +59% from the quarter before. Operating margin was -31.1%, net loss $4.0M (38.7% of revenue).

Revenue$10.4M
Year over year+140%
Quarter over quarter+59%
Operating margin-31.1%
Net earnings−$4.0M

GlobalTech, Q1 2026: revenue $10.4M (+140% year over year), operating margin -31.1%, net loss $4.0M, operating cash flow −$307K. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$10.4M+59%+140%
Operating profit−$3.2M——
Net earnings−$4.0M——
Operating cash flow−$307K——

What changed

Revenue was $10.4M in Q1 2026, up 140% year over year and up 59% from the previous quarter.

Operating costs exceeded revenue by $3.2M, an operating margin of -31.1%. Total costs grew 159% against revenue growth of 140%. The quarter ended with a net loss of $4.0M, narrower than the previous quarter's $8.6M loss.

Operating cash flow was −$307K. Non-cash charges added back $1.9M of depreciation and amortization. Working capital and other items added $1.8M. Capital expenditures of $94K exceeded it, leaving free cash flow of −$402K.

Questions

What was GlobalTech's revenue in the first quarter 2026?

GlobalTech (GLTK) reported revenue of $10.4M for the first quarter 2026 (Q1 2026), +140% from a year earlier and +59% from the quarter before.

Was GlobalTech profitable in the first quarter 2026?

Operating loss was $3.2M (-31.1% of revenue) and net loss $4.0M.

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Source: GlobalTech 10-Q on SEC EDGAR.