Filing Flows › Hour Loop (HOUR) › Q1 2026 › vs Q4 2025
Hour Loop (HOUR) Q1 2026 vs Q4 2025 (quarter over quarter)
Hour Loop's revenue fell $26.1M (-47%) from $56.1M in Q4 2025 to $29.9M in Q1 2026. Gross margin 53.5% against 49.6% (+3.9 pts).
Hour Loop, Q1 2026: revenue $29.9M (+16% year over year), operating margin 3.8%, net earnings $823K, operating cash flow −$2.2M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 53.5% | 49.6% | +3.9 pts |
| Operating margin | 3.8% | -1.5% | +5.3 pts |
| Net margin | 2.8% | -1.2% | +3.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $29.9M | $56.1M | −$26.1M | -47% |
| Gross profit | $16.0M | $27.8M | −$11.8M | -42% |
| Cost of revenue | $13.9M | $28.3M | −$14.3M | -51% |
| Operating profit | $1.1M | −$823K | $2.0M | — |
| Operating expenses | $14.9M | $28.6M | −$13.8M | -48% |
| Pre-tax earnings | $1.1M | −$835K | $2.0M | — |
| Sales & marketing | $12.6M | $24.8M | −$12.2M | -49% |
| General & admin | $2.3M | $3.9M | −$1.6M | -41% |
| Net earnings | $823K | −$657K | $1.5M | — |
| Income tax | $310K | −$178K | $487K | — |
| Operating cash sources | $3.1M | −$3.6M | $6.7M | — |
| Depreciation | $12K | $10K | $2K | +19% |
| Share-based compensation | $15K | $15K | −$2 | 0% |
| Cash used in operations | $2.2M | −$3.0M | $5.2M | — |
| Working capital & other | $3.1M | −$3.6M | $6.7M | — |
Questions
How much did Hour Loop's revenue grow quarter over quarter in Q1 2026?
Hour Loop's revenue fell $26.1M (-47%) from $56.1M in Q4 2025 to $29.9M in Q1 2026. Gross margin 53.5% against 49.6% (+3.9 pts).