Filing Flows › Inogen (INGN) › Q1 2026
Inogen (INGN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Inogen (INGN) reported revenue of $85.1M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +4% from the quarter before. Operating margin was -11.0%, net loss $8.3M (9.8% of revenue).
Inogen, Q1 2026: revenue $85.1M (+3% year over year), operating margin -11.0%, net loss $8.3M, operating cash flow −$6.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.1M | +4% | +3% |
| Operating profit | −$9.3M | — | — |
| Net earnings | −$8.3M | — | — |
| Operating cash flow | −$6.7M | — | — |
What changed
Revenue was $85.1M in Q1 2026, up 3% year over year and up 4% from the previous quarter.
Gross margin was 44.5%, up 0.3 points from Q1 2025. Operating costs exceeded revenue by $9.3M, an operating margin of -11.0%. Operating expenses grew 7% against revenue growth of 3%. The fastest-growing cost line was Research & development (+26%). The quarter ended with a net loss of $8.3M, wider than the previous quarter's $7.1M loss.
Operating cash flow was −$6.7M. Non-cash charges added back $4.9M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $210K exceeded it, leaving free cash flow of −$6.9M.
Questions
What was Inogen's revenue in the first quarter 2026?
Inogen (INGN) reported revenue of $85.1M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +4% from the quarter before.
Was Inogen profitable in the first quarter 2026?
Operating loss was $9.3M (-11.0% of revenue) and net loss $8.3M.
Source: Inogen 10-Q on SEC EDGAR.