Filing Flows › Neuraxis (NRXS) › Q1 2026
Neuraxis (NRXS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Neuraxis (NRXS) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), +80% from a year earlier and +66% from the quarter before. Operating margin was -108.3%, net loss $1.8M (109.5% of revenue).
Neuraxis, Q1 2026: revenue $1.6M (+80% year over year), operating margin -108.3%, net loss $1.8M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | +66% | +80% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $1.6M in Q1 2026, up 80% year over year and up 66% from the previous quarter.
Gross margin was 86.4%, up 2.0 points from Q1 2025. Operating costs exceeded revenue by $1.7M, an operating margin of -108.3%. Operating expenses grew 3% against revenue growth of 80%. The fastest-growing cost line was Sales & marketing (+65%). The quarter ended with a net loss of $1.8M, wider than the previous quarter's $1.7M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $16K of depreciation and amortization and $329K of share-based compensation. Working capital and other items added $186K.
Questions
What was Neuraxis' revenue in the first quarter 2026?
Neuraxis (NRXS) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), +80% from a year earlier and +66% from the quarter before.
Was Neuraxis profitable in the first quarter 2026?
Operating loss was $1.7M (-108.3% of revenue) and net loss $1.8M.
Source: Neuraxis 10-Q on SEC EDGAR.