Filing Flows › EBR Systems (NONE.) › Q1 2026
EBR Systems (NONE.) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
EBR Systems (NONE.) reported revenue of $2.4M for the first quarter 2026 (Q1 2026) and +153% from the quarter before. Operating margin was -684.7%, net loss $17.1M (722.9% of revenue).
EBR Systems, Q1 2026: revenue $2.4M, operating margin -684.7%, net loss $17.1M, operating cash flow −$20.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | +153% | — |
| Operating profit | −$16.2M | — | — |
| Net earnings | −$17.1M | — | — |
| Operating cash flow | −$20.3M | — | — |
What changed
Revenue was $2.4M in Q1 2026, up 153% from the previous quarter. WiSE CRT System was the largest line at 98% of revenue.
Gross margin was 7.8%. Operating costs exceeded revenue by $16.2M, an operating margin of -684.7%. The quarter ended with a net loss of $17.1M, wider than the previous quarter's $14.0M loss.
Operating cash flow was −$20.3M. Non-cash charges added back $125K of depreciation and amortization and $907K of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $3.3M exceeded it, leaving free cash flow of −$23.5M.
Questions
What was EBR Systems' revenue in the first quarter 2026?
EBR Systems (NONE.) reported revenue of $2.4M for the first quarter 2026 (Q1 2026) and +153% from the quarter before.
Was EBR Systems profitable in the first quarter 2026?
Operating loss was $16.2M (-684.7% of revenue) and net loss $17.1M.
Source: EBR Systems 10-Q on SEC EDGAR.