Filing Flows › Peraso (PRSO) › Q1 2026
Peraso (PRSO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Peraso (PRSO) reported revenue of $963K for the first quarter 2026 (Q1 2026), -75% from a year earlier and -66% from the quarter before. Operating margin was -257.9%, net loss $2.5M (259.3% of revenue).
Peraso, Q1 2026: revenue $963K (-75% year over year), operating margin -257.9%, net loss $2.5M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $963K | -66% | -75% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $1.0M in Q1 2026, down 75% year over year and down 66% from the previous quarter. mm Wave ICs was the largest line at 52% of revenue. Memory ICs lost $2.2M year over year (down 99%), 77% of the total change.
Gross margin was 61.5%, down 7.8 points from Q1 2025. Operating costs exceeded revenue by $2.5M, an operating margin of -257.9%. Operating expenses fell 4% while revenue fell 75%. The quarter ended with a net loss of $2.5M, wider than the previous quarter's $1.2M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $50K of depreciation and amortization and $147K of share-based compensation. Capital expenditures of $183K exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Peraso's revenue in the first quarter 2026?
Peraso (PRSO) reported revenue of $963K for the first quarter 2026 (Q1 2026), -75% from a year earlier and -66% from the quarter before.
Was Peraso profitable in the first quarter 2026?
Operating loss was $2.5M (-257.9% of revenue) and net loss $2.5M.
Source: Peraso 10-Q on SEC EDGAR.