Filing Flows › Hyperfine (HYPR) › Q1 2026
Hyperfine (HYPR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Hyperfine (HYPR) reported revenue of $3.9M for the first quarter 2026 (Q1 2026), +83% from a year earlier and -26% from the quarter before. Operating margin was -219.3%, net loss $8.6M (220.9% of revenue).
Hyperfine, Q1 2026: revenue $3.9M (+83% year over year), operating margin -219.3%, net loss $8.6M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9M | -26% | +83% |
| Operating profit | −$8.6M | — | — |
| Net earnings | −$8.6M | — | — |
| Operating cash flow | −$9.0M | — | — |
What changed
Revenue was $3.9M in Q1 2026, up 83% year over year and down 26% from the previous quarter. Product was the largest line at 83% of revenue. Product added $1.7M year over year (up 114%), 98% of the total change.
Gross margin was 50.7%, up 9.4 points from Q1 2025. Operating costs exceeded revenue by $8.6M, an operating margin of -219.3%. Operating expenses fell 11% while revenue rose 83%. The quarter ended with a net loss of $8.6M, wider than the previous quarter's $5.9M loss.
Operating cash flow was −$9.0M. Non-cash charges added back $274K of depreciation and $647K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $242K exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Hyperfine's revenue in the first quarter 2026?
Hyperfine (HYPR) reported revenue of $3.9M for the first quarter 2026 (Q1 2026), +83% from a year earlier and -26% from the quarter before.
Was Hyperfine profitable in the first quarter 2026?
Operating loss was $8.6M (-219.3% of revenue) and net loss $8.6M.
Source: Hyperfine 10-Q on SEC EDGAR.