Filing Flows › SeaStar Medical Holding (ICU) › Q1 2026
SeaStar Medical Holding (ICU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
SeaStar Medical Holding (ICU) reported revenue of $495K for the first quarter 2026 (Q1 2026), +69% from a year earlier and +18% from the quarter before. Operating margin was -727.9%, net loss $3.5M (711.3% of revenue).
SeaStar Medical Holding, Q1 2026: revenue $495K (+69% year over year), operating margin -727.9%, net loss $3.5M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $495K | +18% | +69% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $495K in Q1 2026, up 69% year over year and up 18% from the previous quarter.
Gross margin was 90.7%, down 9.3 points from Q1 2025. Operating costs exceeded revenue by $3.6M, an operating margin of -727.9%. Operating expenses fell 2% while revenue rose 69%. The quarter ended with a net loss of $3.5M, wider than the previous quarter's $2.9M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $91K of share-based compensation. Working capital and other items added $669K.
Questions
What was SeaStar Medical Holding's revenue in the first quarter 2026?
SeaStar Medical Holding (ICU) reported revenue of $495K for the first quarter 2026 (Q1 2026), +69% from a year earlier and +18% from the quarter before.
Was SeaStar Medical Holding profitable in the first quarter 2026?
Operating loss was $3.6M (-727.9% of revenue) and net loss $3.5M.