Filing Flows › Precipio (PRPO) › Q1 2026
Precipio (PRPO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Precipio (PRPO) reported revenue of $6.7M for the first quarter 2026 (Q1 2026), +36% from a year earlier and +0.2% from the quarter before. Operating margin was -21.3%, net loss $1.4M (21.5% of revenue).
Precipio, Q1 2026: revenue $6.7M (+36% year over year), operating margin -21.3%, net loss $1.4M, operating cash flow $64K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | +0.2% | +36% |
| Operating profit | −$1.4M | -363% | — |
| Net earnings | −$1.4M | -374% | — |
| Operating cash flow | $64K | -83% | — |
| Free cash flow | $14K | -95% | — |
What changed
Revenue was $6.7M in Q1 2026, up 36% year over year and roughly flat from the previous quarter. Service revenue, net was the largest line at 90% of revenue. Service revenue, net added $1.8M year over year (up 42%), 100% of the total change.
Gross margin was 40.6%, down 2.8 points from Q1 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -21.3%. Operating expenses grew 38% against revenue growth of 36%. The quarter ended with a net loss of $1.4M, after a profit of $526K the previous quarter.
Operating cash flow was $64K. Non-cash charges added back $281K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $233K. Capital expenditures of $50K left free cash flow of $14K.
Questions
What was Precipio's revenue in the first quarter 2026?
Precipio (PRPO) reported revenue of $6.7M for the first quarter 2026 (Q1 2026), +36% from a year earlier and +0.2% from the quarter before.
Was Precipio profitable in the first quarter 2026?
Operating loss was $1.4M (-21.3% of revenue) and net loss $1.4M.
Source: Precipio 10-Q on SEC EDGAR.