Filing Flows › Nexalin Technology (NXL) › Q1 2026
Nexalin Technology (NXL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Nexalin Technology (NXL) reported revenue of $15K for the first quarter 2026 (Q1 2026), -64% from a year earlier and -91% from the quarter before.
Nexalin Technology, Q1 2026: revenue $15K (-64% year over year), net loss $2.1M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15K | -91% | -64% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $15K in Q1 2026, down 64% year over year and down 91% from the previous quarter.
Gross margin was 87.8%, up 20.9 points from Q1 2025. Operating costs exceeded revenue by $2.1M, an operating margin of -14179.9%. Operating expenses grew 5% against a revenue fall of 64%. The fastest-growing cost line was Other operating costs (+41%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $2.4M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $11K of depreciation and amortization and $479K of share-based compensation. Working capital and other items used $106K. Capital expenditures of $49K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Nexalin Technology's revenue in the first quarter 2026?
Nexalin Technology (NXL) reported revenue of $15K for the first quarter 2026 (Q1 2026), -64% from a year earlier and -91% from the quarter before.
Source: Nexalin Technology 10-Q on SEC EDGAR.