Filing Flows › Neonode (NEON) › Q1 2026
Neonode (NEON) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Neonode (NEON) reported revenue of $614K for the first quarter 2026 (Q1 2026), +20% from a year earlier and +18% from the quarter before. Operating margin was -337.3%, net loss $1.9M (303.4% of revenue).
Neonode, Q1 2026: revenue $614K (+20% year over year), operating margin -337.3%, net loss $1.9M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $614K | +18% | +20% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $614K in Q1 2026, up 20% year over year and up 18% from the previous quarter. License Fees was the largest line at 96% of revenue. License Fees added $95K year over year (up 19%), 94% of the total change.
Gross margin was 99.3%, up 1.1 points from Q1 2025. Operating costs exceeded revenue by $2.1M, an operating margin of -337.3%. Operating expenses grew 9% against revenue growth of 20%. The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $2.1M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $16K of depreciation and amortization. Working capital and other items used $259K. Capital expenditures of $13K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Neonode's revenue in the first quarter 2026?
Neonode (NEON) reported revenue of $614K for the first quarter 2026 (Q1 2026), +20% from a year earlier and +18% from the quarter before.
Was Neonode profitable in the first quarter 2026?
Operating loss was $2.1M (-337.3% of revenue) and net loss $1.9M.
Source: Neonode 10-Q on SEC EDGAR.