Filing Flows › QT Imaging Holdings (QTI) › Q1 2026
QT Imaging Holdings (QTI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
QT Imaging Holdings (QTI) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), +133% from a year earlier and -21% from the quarter before. Operating margin was -36.0%, net loss $3.4M (52.2% of revenue).
QT Imaging Holdings, Q1 2026: revenue $6.5M (+133% year over year), operating margin -36.0%, net loss $3.4M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | -21% | +133% |
| Operating profit | −$2.3M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$3.7M | — | — |
What changed
Revenue was $6.5M in Q1 2026, up 133% year over year and down 21% from the previous quarter. Product was the largest line at 99% of revenue. Product added $3.7M year over year (up 134%), 99% of the total change.
Gross margin was 40.9%, down 23.8 points from Q1 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -36.0%. Operating expenses grew 76% against revenue growth of 133%. The fastest-growing cost line was Research & development (+102%). The quarter ended with a net loss of $3.4M, wider than the previous quarter's $1.4M loss.
Operating cash flow was −$3.7M. Non-cash charges added back $20K of depreciation and amortization and $381K of share-based compensation. Working capital and other items used $649K. Capital expenditures of $17K exceeded it, leaving free cash flow of −$3.7M.
Questions
What was QT Imaging Holdings' revenue in the first quarter 2026?
QT Imaging Holdings (QTI) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), +133% from a year earlier and -21% from the quarter before.
Was QT Imaging Holdings profitable in the first quarter 2026?
Operating loss was $2.3M (-36.0% of revenue) and net loss $3.4M.