Filing Flows › Helio (HLEO) › Q1 FY26
Helio (HLEO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 30, 2026
Helio (HLEO) reported revenue of $496K for the first quarter fiscal 2026 (Q1 FY26), -65% from a year earlier and +0.9% from the quarter before. Operating margin was -539.9%, net loss $3.7M (753.5% of revenue).
Helio, Q1 FY26: revenue $496K (-65% year over year), operating margin -539.9%, net loss $3.7M, operating cash flow −$291K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $496K | +0.9% | -65% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$291K | — | — |
What changed
Revenue was $496K in Q1 FY26, down 65% year over year and up 1% from the previous quarter. Service was the largest line at 89% of revenue. Materials lost $474K year over year (down 92%), 51% of the total change.
Gross margin was 50.6%, up 21.8 points from a year earlier. Operating costs exceeded revenue by $2.7M, an operating margin of -539.9%. Operating expenses grew 129% against a revenue fall of 65%. The fastest-growing cost line was General & admin (+259%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $1.1M loss.
Operating cash flow was −$291K. Non-cash charges added back $6K of depreciation and $32K of share-based compensation. Working capital and other items added $3.4M.
Questions
What was Helio's revenue in the first quarter fiscal 2026?
Helio (HLEO) reported revenue of $496K for the first quarter fiscal 2026 (Q1 FY26), -65% from a year earlier and +0.9% from the quarter before.
Was Helio profitable in the first quarter fiscal 2026?
Operating loss was $2.7M (-539.9% of revenue) and net loss $3.7M.
Source: Helio 10-Q on SEC EDGAR.