Filing Flows › Milestone Scientific (MLSS) › Q1 2026
Milestone Scientific (MLSS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Milestone Scientific (MLSS) reported revenue of $2.2M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +5% from the quarter before. Operating margin was -38.3%, net loss $840K (38.8% of revenue).
Milestone Scientific, Q1 2026: revenue $2.2M (-3% year over year), operating margin -38.3%, net loss $840K, operating cash flow $87K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | +5% | -3% |
| Operating profit | −$828K | — | — |
| Net earnings | −$840K | — | — |
| Operating cash flow | $87K | — | — |
| Free cash flow | $85K | — | — |
What changed
Revenue was $2.2M in Q1 2026, down 3% year over year and up 5% from the previous quarter.
Gross margin was 72.3%, down 1.5 points from Q1 2025. Operating costs exceeded revenue by $828K, an operating margin of -38.3%. Operating expenses fell 34% while revenue fell 3%. The quarter ended with a net loss of $840K, narrower than the previous quarter's $1.1M loss.
Operating cash flow was $87K. Non-cash charges added back $19K of depreciation and amortization and $257K of share-based compensation. Working capital and other items added $651K. Capital expenditures of $2K left free cash flow of $85K.
Questions
What was Milestone Scientific's revenue in the first quarter 2026?
Milestone Scientific (MLSS) reported revenue of $2.2M for the first quarter 2026 (Q1 2026), -3% from a year earlier and +5% from the quarter before.
Was Milestone Scientific profitable in the first quarter 2026?
Operating loss was $828K (-38.3% of revenue) and net loss $840K.