Filing Flows › Seer (SEER) › Q1 2026
Seer (SEER) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Seer (SEER) reported revenue of $2.8M for the first quarter 2026 (Q1 2026), -34% from a year earlier and -34% from the quarter before. Operating margin was -617.8%, net loss $16.8M (602.8% of revenue).
Seer, Q1 2026: revenue $2.8M (-34% year over year), operating margin -617.8%, net loss $16.8M, operating cash flow −$15.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | -34% | -34% |
| Operating profit | −$17.3M | — | — |
| Net earnings | −$16.8M | — | — |
| Operating cash flow | −$15.4M | — | — |
What changed
Revenue was $2.8M in Q1 2026, down 34% year over year and down 34% from the previous quarter.
Gross margin was 35.2%, down 13.9 points from Q1 2025. Operating costs exceeded revenue by $17.3M, an operating margin of -617.8%. Operating expenses fell 20% while revenue fell 34%. The quarter ended with a net loss of $16.8M, wider than the previous quarter's $16.0M loss.
Operating cash flow was −$15.4M. Non-cash charges added back $1.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $270K exceeded it, leaving free cash flow of −$15.7M.
Questions
What was Seer's revenue in the first quarter 2026?
Seer (SEER) reported revenue of $2.8M for the first quarter 2026 (Q1 2026), -34% from a year earlier and -34% from the quarter before.
Was Seer profitable in the first quarter 2026?
Operating loss was $17.3M (-617.8% of revenue) and net loss $16.8M.
Source: Seer 10-Q on SEC EDGAR.