Filing Flows › Mayville Engineering Company (MEC) › Q1 2026
Mayville Engineering Company (MEC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Mayville Engineering Company (MEC) reported revenue of $145M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +8% from the quarter before. Operating margin was -5.3%, net loss $8.2M (5.6% of revenue).
Mayville Engineering Company, Q1 2026: revenue $145M (+7% year over year), operating margin -5.3%, net loss $8.2M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | +8% | +7% |
| Operating profit | −$7.7M | — | -588% |
| Net earnings | −$8.2M | — | -40975% |
| Operating cash flow | −$2.8M | -121% | -133% |
What changed
Revenue was $144.8M in Q1 2026, up 7% year over year and up 8% from the previous quarter.
Operating costs exceeded revenue by $7.7M, an operating margin of -5.3%. Total costs grew 14% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+36%). The quarter ended with a net loss of $8.2M, wider than the previous quarter's $4.4M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $10.9M of depreciation and amortization and $795K of share-based compensation. Working capital and other items used $6.3M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$6.9M.
Questions
What was Mayville Engineering Company's revenue in the first quarter 2026?
Mayville Engineering Company (MEC) reported revenue of $145M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +8% from the quarter before.
Was Mayville Engineering Company profitable in the first quarter 2026?
Operating loss was $7.7M (-5.3% of revenue) and net loss $8.2M.