Filing Flows › MDWerks (MDWK) › Q1 2026
MDWerks (MDWK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
MDWerks (MDWK) reported revenue of $434K for the first quarter 2026 (Q1 2026), -16% from a year earlier and -13% from the quarter before. Operating margin was -193.0%, net loss $847K (195.1% of revenue).
MDWerks, Q1 2026: revenue $434K (-16% year over year), operating margin -193.0%, net loss $847K, operating cash flow −$464K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $434K | -13% | -16% |
| Operating profit | −$838K | — | — |
| Net earnings | −$847K | — | — |
| Operating cash flow | −$464K | — | — |
What changed
Revenue was $434K in Q1 2026, down 16% year over year and down 13% from the previous quarter. Two Trees Distilling was the largest line at 72% of revenue. RF Specialties lost $141K year over year (down 54%), 176% of the total change.
Operating costs exceeded revenue by $838K, an operating margin of -193.0%. The fastest-growing cost line was Other operating costs (+28%). The quarter ended with a net loss of $847K, wider than the previous quarter's $813K loss.
Operating cash flow was −$464K. Non-cash charges added back $68K of depreciation and amortization and $45K of share-based compensation. Working capital and other items added $270K. Capital expenditures of $63K exceeded it, leaving free cash flow of −$527K.
Questions
What was MDWerks' revenue in the first quarter 2026?
MDWerks (MDWK) reported revenue of $434K for the first quarter 2026 (Q1 2026), -16% from a year earlier and -13% from the quarter before.
Was MDWerks profitable in the first quarter 2026?
Operating loss was $838K (-193.0% of revenue) and net loss $847K.
Source: MDWerks 10-Q on SEC EDGAR.