Filing Flows › Nocopi Technologies (NNUP) › Q1 2026
Nocopi Technologies (NNUP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Nocopi Technologies (NNUP) reported revenue of $390K for the first quarter 2026 (Q1 2026), -19% from a year earlier and +45% from the quarter before. Operating margin was -41.4%, net loss $62K (16.0% of revenue).
Nocopi Technologies, Q1 2026: revenue $390K (-19% year over year), operating margin -41.4%, net loss $62K, operating cash flow −$27K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $390K | +45% | -19% |
| Operating profit | −$162K | — | — |
| Net earnings | −$62K | — | -344% |
| Operating cash flow | −$27K | -148% | -107% |
What changed
Revenue was $390K in Q1 2026, down 19% year over year and up 45% from the previous quarter. Productand Other Sales was the largest line at 74% of revenue. Licenses Royalties and Fees lost $90K year over year (down 47%), 100% of the total change.
Gross margin was 48.9%, down 8.2 points from Q1 2025. Operating costs exceeded revenue by $162K, an operating margin of -41.4%. Operating expenses fell 2% while revenue fell 19%. The fastest-growing cost line was Research & development (+24%). The quarter ended with a net loss of $62K, narrower than the previous quarter's $95K loss. Non-operating items added $99K, -159% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$27K. Non-cash charges added back $2K of depreciation and amortization and $29K of share-based compensation. Working capital and other items added $4K. Capital expenditures of $14K exceeded it, leaving free cash flow of −$41K.
Questions
What was Nocopi Technologies' revenue in the first quarter 2026?
Nocopi Technologies (NNUP) reported revenue of $390K for the first quarter 2026 (Q1 2026), -19% from a year earlier and +45% from the quarter before.
Was Nocopi Technologies profitable in the first quarter 2026?
Operating loss was $162K (-41.4% of revenue) and net loss $62K.