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SeaStar Medical Holding (ICU) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 12, 2026

SeaStar Medical Holding (ICU) reported revenue of $615K for the second quarter 2026 (Q2 2026), +82% from a year earlier and +24% from the quarter before. Operating margin was -616.4%, net loss $3.7M (606.5% of revenue).

Revenue$615K
Year over year+82%
Quarter over quarter+24%
Operating margin-616.4%
Net earnings−$3.7M

SeaStar Medical Holding, Q2 2026: revenue $615K (+82% year over year), operating margin -616.4%, net loss $3.7M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$615K+24%+82%
Operating profit−$3.8M——
Net earnings−$3.7M——
Operating cash flow−$3.0M——

What changed

Revenue was $615K in Q2 2026, up 82% year over year and up 24% from the previous quarter.

Gross margin was 91.2%, down 0.8 points from Q2 2025. Operating costs exceeded revenue by $3.8M, an operating margin of -616.4%. Operating expenses grew 111% against revenue growth of 82%. The fastest-growing cost line was Research & development (+143%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $3.5M loss.

Operating cash flow was −$3.0M. Working capital and other items added $736K.

Questions

What was SeaStar Medical Holding's revenue in the second quarter 2026?

SeaStar Medical Holding (ICU) reported revenue of $615K for the second quarter 2026 (Q2 2026), +82% from a year earlier and +24% from the quarter before.

Was SeaStar Medical Holding profitable in the second quarter 2026?

Operating loss was $3.8M (-616.4% of revenue) and net loss $3.7M.

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Source: SeaStar Medical Holding 10-Q on SEC EDGAR.