Filing Flows › RCM Technologies (RCMT) › Q1 2026 › vs Q4 2025
RCM Technologies (RCMT) Q1 2026 vs Q4 2025 (quarter over quarter)
RCM Technologies's revenue fell $3.4M (-4%) from $86.5M in Q4 2025 to $83.0M in Q1 2026. The biggest changes: Engineering Services −$4.3M (-14%); Technology Service +$729K (+9%); Health Care +$104K (+0.2%). Gross margin 26.5% against 28.1% (-1.6 pts).
RCM Technologies, Q1 2026: revenue $83.0M (-2% year over year), operating margin 7.2%, net earnings $3.8M, operating cash flow $2.7M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 26.5% | 28.1% | -1.6 pts |
| Operating margin | 7.2% | 9.2% | -2.1 pts |
| Net margin | 4.6% | 7.1% | -2.4 pts |
| Free cash flow margin | 3.1% | 13.0% | -9.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Health Care | $48.1M | $48.0M | $104K | +0.2% |
| Engineering Services | $26.1M | $30.4M | −$4.3M | -14% |
| Technology Service | $8.8M | $8.1M | $729K | +9% |
| Revenue | $83.0M | $86.5M | −$3.4M | -4% |
| Gross profit | $22.0M | $24.3M | −$2.3M | -9% |
| Cost of revenue | $61.0M | $62.2M | −$1.2M | -2% |
| Operating profit | $5.9M | $8.0M | −$2.0M | -26% |
| Operating expenses | $16.1M | $16.3M | −$224K | -1% |
| Pre-tax earnings | $5.4M | $7.2M | −$1.8M | -25% |
| Other expense, net | $562K | $780K | −$218K | -28% |
| SG&A | $15.5M | $15.8M | −$224K | -1% |
| Other operating costs | $554K | $554K | $0 | 0% |
| Net earnings | $3.8M | $6.1M | −$2.3M | -37% |
| Income tax | $1.5M | $1.1M | $445K | +41% |
| Depreciation & amortization | $554K | $554K | $0 | 0% |
| Share-based compensation | $1.0M | $793K | $215K | +27% |
| Working capital & other | $2.7M | −$4.0M | $6.7M | — |
| Operating cash flow | $2.7M | $11.4M | −$8.8M | -77% |
| Free cash flow (OCF − capex) | $2.6M | $11.2M | −$8.7M | -77% |
| Capital expenditures | $97K | $197K | −$100K | -51% |
Questions
How much did RCM Technologies's revenue grow quarter over quarter in Q1 2026?
RCM Technologies's revenue fell $3.4M (-4%) from $86.5M in Q4 2025 to $83.0M in Q1 2026.
What drove RCM Technologies's revenue change in Q1 2026?
Engineering Services −$4.3M (-14%); Technology Service +$729K (+9%); Health Care +$104K (+0.2%).