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Neonode (NEON) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Neonode (NEON) Q2 2026 earnings results →

Q2 2026 Revenue down 20% year over year to $477K · 443¢ of every $1 of revenue lost · operating margin -486.6%

Neonode made $477K in Q2 2026 (-20% Y/Y): License Fees $441K, Non-recurring Engineering $36K. Operating margin -486.6%, net loss $2.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.

Revenue$477K
Year over year-20%
Operating margin-486.6%
Net earnings−$2.1M
Operating cash flow−$1.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $477K in Q2 2026, down 20% year over year and down 22% from the previous quarter. License Fees was the largest line at 92% of revenue. Non-recurring Engineering lost $159K year over year (down 82%), 130% of the total change.

Gross margin was 98.1%, down 0.9 points from Q2 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -486.6%. Operating expenses grew 3% against a revenue fall of 20%. The fastest-growing cost line was Sales & marketing (+24%). The quarter ended with a net loss of $2.1M, wider than the previous quarter's $1.9M loss.

Operating cash flow was −$1.9M. Non-cash charges added back $17K of depreciation and amortization. Working capital and other items added $198K. Capital expenditures of $1K exceeded it, leaving free cash flow of −$1.9M.

Quarterly history

Neonode revenue by quarterNeonode revenue by quarter$655KQ4 2024$513KQ1 2025$599KQ2 2025$430KQ3 2025$520KQ4 2025$614KQ1 2026$477KQ2 2026
Neonode net earnings by quarterNeonode net earnings by quarter−$1.6MQ4 2024−$1.7MQ1 2025−$1.9MQ2 2025$14.2MQ3 2025−$2.1MQ4 2025−$1.9MQ1 2026−$2.1MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 12, 2026$477K-20%-486.6%−$2.1M−$1.9M
Q1 202610-QMay 13, 2026$614K+20%-337.3%−$1.9M−$2.1M
Q4 202510-KMar 18, 2026$520K-21%-454.6%−$2.1M−$5.6M
Q3 202510-QNov 6, 2025$430K-49%n/m$14.2M−$1.5M
Q2 202510-QAug 13, 2025$599K-25%-352.3%−$1.9M−$1.8M
Q1 202510-QMay 14, 2025$513K-37%-383.0%−$1.7M−$1.4M
Q4 202410-KMar 21, 2025$655K+76%-260.2%−$1.6M−$1.2M

Charts

Neonode: revenue growth, year over year and quarter over quarterNeonode: revenue growth, year over year and quarter over quarterY/YQ/Q+76%Q4 2024-37%-22%Q1 2025-25%+17%Q2 2025-49%-28%Q3 2025-21%+21%Q4 2025+20%+18%Q1 2026-20%-22%Q2 2026
Latest (Q2 2026): Y/Y -20%, Q/Q -22%.
Neonode: where the cash came from (+) and went (−), TTM to Q2 2026Neonode: where the cash came from (+) and went (−), TTM to Q2 2026Other investing$19.4MOperating cash flow−$11.1MCash drawn (+) / kept (−)−$8.1MCapital spending−$90KExchange rates−$59KNet borrowing (+) / repaid (−)−$12K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Neonode: profit against cash, quarter by quarterNeonode: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.1M−$1.3MQ3 2024−$1.6M−$1.2MQ4 2024−$1.7M−$1.4MQ1 2025−$1.9M−$1.8MQ2 2025$14.2M−$1.5MQ3 2025−$2.1M−$5.6MQ4 2025−$1.9M−$2.1MQ1 2026−$2.1M−$1.9MQ2 2026
Latest (Q2 2026): Net income −$2.1M, Operating cash flow −$1.9M.
Neonode: diluted shares by fiscal yearNeonode: diluted shares by fiscal year0MFY20200MFY20210MFY20220MFY20230MFY2024
+58.9% since FY2020: more shares outstanding (issuance, stock pay).
Neonode in its industry: growth against margin (11 companies, SIC 3679)Neonode in its industry: growth against margin (11 companies, SIC 3679)revenue growth, year over year →↑ operating marginmedian +25%median 11%VRTAEISVREXVICRPINSYSMPTIESPMVISLGLNEON (-20%, -100%)
Electronic Components, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Neonode

Neonode provides software solutions for machine perception that feature advanced machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. We base our machine perception solutions on our MultiSensing® technology platform. We market and sell our solutions to customers mainly in the automotive market. However, our solution can also be used in many other markets, and we plan to expand our solutions into new markets in the future. Neonode also provides advanced optical sensing solutions for touch, contactless touch, and gesture sensing using our zForce® technology platform. In 2010, we began licensing to Original Equipment Manufacturers (“OEMs”) and automotive Tier 1 suppliers who embed our technology into products they develop, manufacture, and sell.

In its own words, from its 10-K, filed Mar 18, 2026.

Neonode against its Electronic Components, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -20% against the peers' median +17%. Operating margin: -486.6% against the peers' median 11.4%.

CompanyQuarterRevenueY/YOp. margin
NEON NeonodeQ2 2026$477K-20%-486.6%
VRT Vertiv HoldingsQ3 2026$4.3B+61%22.8%
AEIS Advanced Energy IndustriesQ3 2026$696M+50%20.6%
VREX Varex ImagingQ3 FY26$210M+4%10.8%
VICR VicorQ3 2026$197M+78%36.6%
PI ImpinjQ3 2026$112M+17%4.1%
NSYS Nortech SystemsQ2 2026$33.5M+9%1.9%
MPTI M-tron IndustriesQ2 2026$15.1M+14%11.4%
ESP Espey Manufacturing & ElectronicsQ4 FY26$13.5M+40%25.8%

Source: Neonode 10-Q on SEC EDGAR · CIK 87050 · Electronic Components, NEC

13F: who owns NEON and who is buying

Largest holders of NEON (13F)Largest holders of NEON (13F)Vanguard Group$676KTwo Sigma Investments, LP$295KBlackRock$188KJane Street Group, LLC$174KGeode Capital Management, LLC$134KMorgan Stanley$132KVanguard Capital Management LLC$127KMillennium Management LLC$120KSquarepoint Ops LLC$85KSusquehanna International Group, …$69K
Funds' net buying of NEON by quarter (13F)Funds' net buying of NEON by quarter (13F)$02024-09$173K2024-12$2.0M2025-03$17.4M2025-06$4.6M2025-09$705K2025-12−$745K2026-03−$1.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NEON

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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