Filing Flows › Quanterix (QTRX) › Q1 2026
Quanterix (QTRX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Quanterix (QTRX) reported revenue of $36.4M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -17% from the quarter before. Operating margin was -113.6%, net loss $17.5M (48.2% of revenue).
Quanterix, Q1 2026: revenue $36.4M (+20% year over year), operating margin -113.6%, net loss $17.5M, operating cash flow −$18.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.4M | -17% | +20% |
| Operating profit | −$41.4M | — | — |
| Net earnings | −$17.5M | — | — |
| Operating cash flow | −$18.1M | — | — |
What changed
Revenue was $36.4M in Q1 2026, up 20% year over year and down 17% from the previous quarter. Service and other revenue was the largest line at 28% of revenue. Other added $2.5M year over year (up 396%), 41% of the total change. Collaboration and license revenue declined 27%.
Gross margin was 42.7%, down 6.2 points from Q1 2025. Operating costs exceeded revenue by $41.4M, an operating margin of -113.6%. Operating expenses grew 38% against revenue growth of 20%. The quarter ended with a net loss of $17.5M, narrower than the previous quarter's $23.1M loss. Non-operating items added $23.8M, -136% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$18.1M. Non-cash charges added back $5.6M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $87K exceeded it, leaving free cash flow of −$18.2M.
Questions
What was Quanterix's revenue in the first quarter 2026?
Quanterix (QTRX) reported revenue of $36.4M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -17% from the quarter before.
Was Quanterix profitable in the first quarter 2026?
Operating loss was $41.4M (-113.6% of revenue) and net loss $17.5M.
Source: Quanterix 10-Q on SEC EDGAR.