Filing Flows › EBR Systems (NONE.) › Q2 2026
EBR Systems (NONE.) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
EBR Systems (NONE.) reported revenue of $2.6M for the second quarter 2026 (Q2 2026), up 16-fold from a year earlier and +12% from the quarter before. Operating margin was -621.8%, net loss $17.5M (661.9% of revenue).
EBR Systems, Q2 2026: revenue $2.6M (16× year over year), operating margin -621.8%, net loss $17.5M, operating cash flow −$17.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | +12% | 16× |
| Operating profit | −$16.4M | — | — |
| Net earnings | −$17.5M | — | — |
| Operating cash flow | −$17.2M | — | — |
What changed
Revenue was $2.6M in Q2 2026, up 1451% year over year and up 12% from the previous quarter. WiSE CRT System was the largest line at 99% of revenue. WiSE CRT System added $2.5M year over year (up 1692%), 100% of the total change. Battery replacements declined 35%.
Gross margin was 13.0%, down 37.0 points from Q2 2025. Operating costs exceeded revenue by $16.4M, an operating margin of -621.8%. Operating expenses grew 49% against revenue growth of 1451%. The fastest-growing cost line was General & admin (+92%). The quarter ended with a net loss of $17.5M, wider than the previous quarter's $17.1M loss.
Operating cash flow was −$17.2M. Non-cash charges added back $284K of depreciation and amortization and $936K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$20.0M.
Questions
What was EBR Systems' revenue in the second quarter 2026?
EBR Systems (NONE.) reported revenue of $2.6M for the second quarter 2026 (Q2 2026), up 16-fold from a year earlier and +12% from the quarter before.
Was EBR Systems profitable in the second quarter 2026?
Operating loss was $16.4M (-621.8% of revenue) and net loss $17.5M.
Source: EBR Systems 10-Q on SEC EDGAR.