Filing Flows › Koru Medical Systems (KRMD) › Q1 2026
Koru Medical Systems (KRMD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Koru Medical Systems (KRMD) reported revenue of $11.8M for the first quarter 2026 (Q1 2026), +22% from a year earlier and +8% from the quarter before. Operating margin was -7.4%, net loss $807K (6.9% of revenue).
Koru Medical Systems, Q1 2026: revenue $11.8M (+22% year over year), operating margin -7.4%, net loss $807K, operating cash flow $15K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.8M | +8% | +22% |
| Operating profit | −$865K | — | — |
| Net earnings | −$807K | — | — |
| Operating cash flow | $15K | -99% | — |
What changed
Revenue was $11.8M in Q1 2026, up 22% year over year and up 8% from the previous quarter.
Gross margin was 61.5%, down 1.3 points from Q1 2025. Operating costs exceeded revenue by $865K, an operating margin of -7.4%. Operating expenses grew 11% against revenue growth of 22%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $807K, wider than the previous quarter's $487K loss.
Operating cash flow was $15K. Non-cash charges added back $198K of depreciation and amortization and $682K of share-based compensation. Working capital and other items used $57K. Capital expenditures of $46K exceeded it, leaving free cash flow of −$32K.
Questions
What was Koru Medical Systems' revenue in the first quarter 2026?
Koru Medical Systems (KRMD) reported revenue of $11.8M for the first quarter 2026 (Q1 2026), +22% from a year earlier and +8% from the quarter before.
Was Koru Medical Systems profitable in the first quarter 2026?
Operating loss was $865K (-7.4% of revenue) and net loss $807K.