Filing Flows › Guerrilla RF (GUER) › Q1 2026
Guerrilla RF (GUER) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Guerrilla RF (GUER) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), +48% from a year earlier and -4% from the quarter before. Operating margin was -0.7%, net earnings $1.1M (17.4% of revenue).
Guerrilla RF, Q1 2026: revenue $6.5M (+48% year over year), operating margin -0.7%, net earnings $1.1M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | -4% | +48% |
| Operating profit | −$46K | -185% | — |
| Net earnings | $1.1M | — | — |
| Operating cash flow | −$1.3M | -214% | — |
What changed
Revenue was $6.5M in Q1 2026, up 48% year over year and down 4% from the previous quarter. Product was the largest line at 100% of revenue. Product added $2.1M year over year (up 48%), 100% of the total change.
Gross margin was 69.9%, up 8.8 points from Q1 2025. Operating costs exceeded revenue by $46K, an operating margin of -0.7%. Operating expenses fell 22% while revenue rose 48%. Net earnings were $1.1M. The effective tax rate was 0.0%. Non-operating items added $1.2M, 104% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $327K of depreciation and $134K of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $63K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Guerrilla RF's revenue in the first quarter 2026?
Guerrilla RF (GUER) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), +48% from a year earlier and -4% from the quarter before.
Was Guerrilla RF profitable in the first quarter 2026?
Operating loss was $46K (-0.7% of revenue) and net earnings $1.1M.
Source: Guerrilla RF 10-Q on SEC EDGAR.