Filing Flows › Solesence (SLSN) › Q1 2026
Solesence (SLSN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Solesence (SLSN) reported revenue of $13.0M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +4% from the quarter before. Operating margin was -3.9%, net loss $766K (5.9% of revenue).
Solesence, Q1 2026: revenue $13.0M (-11% year over year), operating margin -3.9%, net loss $766K, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.0M | +4% | -11% |
| Operating profit | −$504K | -371% | -297% |
| Net earnings | −$766K | -570% | -1058% |
| Operating cash flow | $1.5M | -17% | — |
What changed
Revenue was $13.0M in Q1 2026, down 11% year over year and up 4% from the previous quarter. Consumer Products was the largest line at 77% of revenue. Consumer Products lost $2.9M year over year (down 22%), 171% of the total change.
Gross margin was 25.8%, up 2.6 points from Q1 2025. Operating costs exceeded revenue by $504K, an operating margin of -3.9%. Operating expenses grew 23% against a revenue fall of 11%. The fastest-growing cost line was SG&A (+33%). The quarter ended with a net loss of $766K, after a profit of $163K the previous quarter.
Operating cash flow was $1.5M. Non-cash charges added back $313K of depreciation and amortization and $83K of share-based compensation. Working capital and other items added $1.9M.
Questions
What was Solesence's revenue in the first quarter 2026?
Solesence (SLSN) reported revenue of $13.0M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +4% from the quarter before.
Was Solesence profitable in the first quarter 2026?
Operating loss was $504K (-3.9% of revenue) and net loss $766K.
Source: Solesence 10-Q on SEC EDGAR.