Filing Flows › Gulf Resources (GURE) › Q1 2026
Gulf Resources (GURE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Aug 28, 2026
Gulf Resources (GURE) reported revenue of $2.4M for the first quarter 2026 (Q1 2026), +48% from a year earlier and -63% from the quarter before. Operating margin was -171.3%, net loss $3.9M (165.8% of revenue).
Gulf Resources, Q1 2026: revenue $2.4M (+48% year over year), operating margin -171.3%, net loss $3.9M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | -63% | +48% |
| Operating profit | −$4.1M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | $1.1M | -66% | — |
| Free cash flow | $576K | -81% | — |
What changed
Revenue was $2.4M in Q1 2026, up 48% year over year and down 63% from the previous quarter.
Operating costs exceeded revenue by $4.1M, an operating margin of -171.3%. Total costs grew 3% against revenue growth of 48%. The quarter ended with a net loss of $3.9M, wider than the previous quarter's $2.9M loss.
Operating cash flow was $1.1M. Non-cash charges added back $4.1M of depreciation and amortization. Working capital and other items added $924K. Capital expenditures of $515K left free cash flow of $576K.
Questions
What was Gulf Resources' revenue in the first quarter 2026?
Gulf Resources (GURE) reported revenue of $2.4M for the first quarter 2026 (Q1 2026), +48% from a year earlier and -63% from the quarter before.
Was Gulf Resources profitable in the first quarter 2026?
Operating loss was $4.1M (-171.3% of revenue) and net loss $3.9M.
Source: Gulf Resources 10-Q on SEC EDGAR.