Filing Flows › Opko Health (OPK) › Q1 2026
Opko Health (OPK) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Opko Health (OPK) reported revenue of $124M for the first quarter 2026 (Q1 2026), -17% from a year earlier and -16% from the quarter before. Operating margin was -41.1%, net loss $54.8M (44.2% of revenue).
Opko Health, Q1 2026: revenue $124M (-17% year over year), operating margin -41.1%, net loss $54.8M, operating cash flow −$19.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | -16% | -17% |
| Operating profit | −$51.0M | — | — |
| Net earnings | −$54.8M | — | — |
| Operating cash flow | −$19.3M | — | — |
What changed
Revenue was $124.2M in Q1 2026, down 17% year over year and down 16% from the previous quarter. Service was the largest line at 58% of revenue. Service lost $30.7M year over year (down 30%), 119% of the total change.
Gross margin was 36.8%, up 8.4 points from Q1 2025. Operating costs exceeded revenue by $51.0M, an operating margin of -41.1%. Operating expenses fell 12% while revenue fell 17%. The quarter ended with a net loss of $54.8M, wider than the previous quarter's $31.3M loss.
Operating cash flow was −$19.3M. Non-cash charges added back $22.2M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$21.1M.
Questions
What was Opko Health's revenue in the first quarter 2026?
Opko Health (OPK) reported revenue of $124M for the first quarter 2026 (Q1 2026), -17% from a year earlier and -16% from the quarter before.
Was Opko Health profitable in the first quarter 2026?
Operating loss was $51.0M (-41.1% of revenue) and net loss $54.8M.
Source: Opko Health 10-Q on SEC EDGAR.