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Keros Therapeutics (KROS) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 14, 2026

Keros Therapeutics (KROS) reported revenue of $367K for the first quarter 2026 (Q1 2026), -100% from a year earlier and -3% from the quarter before.

Revenue$367K
Year over year-100%
Quarter over quarter-3%
Operating margin—
Net earnings−$23.7M

Keros Therapeutics, Q1 2026: revenue $367K (-100% year over year), net loss $23.7M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$367K-3%-100%
Operating profit−$25.9M—-117%
Net earnings−$23.7M—-116%
Operating cash flow−$3.5M—-102%

What changed

Revenue was $367K in Q1 2026, down 100% year over year and down 3% from the previous quarter.

Operating costs exceeded revenue by $25.9M, an operating margin of -7051.0%. Total costs fell 56% while revenue fell 100%. The quarter ended with a net loss of $23.7M, wider than the previous quarter's $23.5M loss.

Operating cash flow was −$3.5M. Non-cash charges added back $403K of depreciation and $6.2M of share-based compensation. Working capital and other items added $13.6M. Capital expenditures of $73K exceeded it, leaving free cash flow of −$3.6M.

Questions

What was Keros Therapeutics' revenue in the first quarter 2026?

Keros Therapeutics (KROS) reported revenue of $367K for the first quarter 2026 (Q1 2026), -100% from a year earlier and -3% from the quarter before.

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Source: Keros Therapeutics 10-Q on SEC EDGAR.