Filing Flows › Quantum-Si (QSI) › Q1 2026
Quantum-Si (QSI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Quantum-Si (QSI) reported revenue of $258K for the first quarter 2026 (Q1 2026), -69% from a year earlier and -43% from the quarter before.
Quantum-Si, Q1 2026: revenue $258K (-69% year over year), net loss $21.7M, operating cash flow −$25.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258K | -43% | -69% |
| Operating profit | −$24.1M | — | — |
| Net earnings | −$21.7M | — | — |
| Operating cash flow | −$25.6M | — | — |
What changed
Revenue was $258K in Q1 2026, down 69% year over year and down 43% from the previous quarter. Product was the largest line at 84% of revenue. Product lost $592K year over year (down 73%), 101% of the total change.
Gross margin was 28.7%, down 29.0 points from Q1 2025. Operating costs exceeded revenue by $24.1M, an operating margin of -9322.9%. Operating expenses fell 6% while revenue fell 69%. The quarter ended with a net loss of $21.7M, wider than the previous quarter's $17.6M loss.
Operating cash flow was −$25.6M. Non-cash charges added back $1.2M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $279K exceeded it, leaving free cash flow of −$25.9M.
Questions
What was Quantum-Si's revenue in the first quarter 2026?
Quantum-Si (QSI) reported revenue of $258K for the first quarter 2026 (Q1 2026), -69% from a year earlier and -43% from the quarter before.
Source: Quantum-Si 10-Q on SEC EDGAR.