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Seres Therapeutics (MCRB) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 5, 2026

Seres Therapeutics (MCRB) reported revenue of $358K for the first quarter 2026 (Q1 2026) and -18% from the quarter before.

Revenue$358K
Year over year—
Quarter over quarter-18%
Operating margin—
Net earnings−$19.9M

Seres Therapeutics, Q1 2026: revenue $358K, net loss $19.9M, operating cash flow −$16.4M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$358K-18%—
Operating profit−$20.9M——
Net earnings−$19.9M——
Operating cash flow−$16.4M——

What changed

Revenue was $358K in Q1 2026, down 18% from the previous quarter.

Operating costs exceeded revenue by $20.9M, an operating margin of -5839.9%. The quarter ended with a net loss of $19.9M, wider than the previous quarter's $15.3M loss.

Operating cash flow was −$16.4M. Non-cash charges added back $781K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $1.0M.

Questions

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

Seres Therapeutics (MCRB) reported revenue of $358K for the first quarter 2026 (Q1 2026) and -18% from the quarter before.

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Source: Seres Therapeutics 10-Q on SEC EDGAR.