Filing Flows › Powercompute (PWCM) › Q1 2026
Powercompute (PWCM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Powercompute (PWCM) reported revenue of $2.1M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -11% from the quarter before. Operating margin was -305.0%, net loss $10.1M (479.6% of revenue).
Powercompute, Q1 2026: revenue $2.1M (-11% year over year), operating margin -305.0%, net loss $10.1M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | -11% | -11% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $2.1M in Q1 2026, down 11% year over year and down 11% from the previous quarter.
Operating costs exceeded revenue by $6.4M, an operating margin of -305.0%. Total costs grew 14% against a revenue fall of 11%. The fastest-growing cost line was SG&A (+21%). The quarter ended with a net loss of $10.1M, narrower than the previous quarter's $17.9M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $830K of depreciation and amortization and $331K of share-based compensation. Working capital and other items added $5.7M. Capital expenditures of $208K exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Powercompute's revenue in the first quarter 2026?
Powercompute (PWCM) reported revenue of $2.1M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -11% from the quarter before.
Was Powercompute profitable in the first quarter 2026?
Operating loss was $6.4M (-305.0% of revenue) and net loss $10.1M.
Source: Powercompute 10-Q on SEC EDGAR.