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Medicinova (MNOV) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 14, 2026

Medicinova (MNOV) reported revenue of $187K for the first quarter 2026 (Q1 2026) and +23% from the quarter before.

Revenue$187K
Year over year—
Quarter over quarter+23%
Operating margin—
Net earnings−$2.6M

Medicinova, Q1 2026: revenue $187K, net loss $2.6M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$187K+23%—
Operating profit−$2.8M——
Net earnings−$2.6M——
Operating cash flow−$3.5M——

What changed

Revenue was $187K in Q1 2026, up 23% from the previous quarter.

Operating costs exceeded revenue by $2.8M, an operating margin of -1516.6%. The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $2.8M loss.

Operating cash flow was −$3.5M. Non-cash charges added back $4K of depreciation and amortization and $408K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $11K exceeded it, leaving free cash flow of −$3.5M.

Questions

What was Medicinova's revenue in the first quarter 2026?

Medicinova (MNOV) reported revenue of $187K for the first quarter 2026 (Q1 2026) and +23% from the quarter before.

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Source: Medicinova 10-Q on SEC EDGAR.