Filing Flows › Proto Labs (PRLB) › Q1 2026
Proto Labs (PRLB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Proto Labs (PRLB) reported revenue of $139M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +2% from the quarter before. Operating margin was 7.1%, net earnings $8.1M (5.8% of revenue).
Proto Labs, Q1 2026: revenue $139M (+10% year over year), operating margin 7.1%, net earnings $8.1M, operating cash flow $17.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | +2% | +10% |
| Gross profit | $63.6M | +5% | +14% |
| Operating profit | $9.8M | +45% | +117% |
| Net earnings | $8.1M | +35% | +125% |
| Operating cash flow | $17.5M | +7% | -5% |
| Free cash flow | $14.0M | +67% | -18% |
What changed
Revenue was $139.3M in Q1 2026, up 10% year over year and up 2% from the previous quarter. CNC Machining was the largest line at 45% of revenue. CNC Machining added $10.4M year over year (up 20%), 79% of the total change. Other Revenue declined 12%.
Gross margin was 45.6%, up 1.5 points from Q1 2025. Operating profit was $9.8M, a 7.1% margin (up 3.5 points year over year). Of the extra revenue versus Q1 2025, 40% reached operating profit, above the 4% margin then. Operating expenses grew 5% against revenue growth of 10%. Net earnings were $8.1M, up 125% year over year. The effective tax rate was 28.3%.
Operating cash flow was $17.5M (down 5% year over year), 216% of net earnings. Non-cash charges added back $8.1M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $3.5M left free cash flow of $14.0M.
Questions
What was Proto Labs' revenue in the first quarter 2026?
Proto Labs (PRLB) reported revenue of $139M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +2% from the quarter before.
Was Proto Labs profitable in the first quarter 2026?
Operating profit was $9.8M (7.1% of revenue) and net earnings $8.1M.
Source: Proto Labs 10-Q on SEC EDGAR.