Filing Flows › Sanara MedTech (SMTI) › Q1 2026 › vs Q4 2025
Sanara MedTech (SMTI) Q1 2026 vs Q4 2025 (quarter over quarter)
Sanara MedTech's revenue rose $253K (+0.9%) from $27.5M in Q4 2025 to $27.8M in Q1 2026. The biggest changes: Soft Tissue Repair Products +$213K (+0.9%); Bone Fusion Products +$39K (+1%). Gross margin 93.1% against 93.2% (-0.1 pts).
Sanara MedTech, Q1 2026: revenue $27.8M (+19% year over year), operating margin 9.5%, net earnings $459K, operating cash flow −$2.5M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 93.1% | 93.2% | -0.1 pts |
| Operating margin | 9.5% | 3.8% | +5.7 pts |
| Net margin | 1.6% | -5.8% | +7.5 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Soft Tissue Repair Products | $24.9M | $24.7M | $213K | +0.9% |
| Bone Fusion Products | $2.9M | $2.8M | $39K | +1% |
| Revenue | $27.8M | $27.5M | $253K | +0.9% |
| Gross profit | $25.9M | $25.7M | $204K | +0.8% |
| Cost of revenue | $1.9M | $1.9M | $49K | +3% |
| Operating profit | $2.6M | $1.1M | $1.6M | +152% |
| Operating expenses | $23.2M | $24.6M | −$1.4M | -6% |
| Pre-tax earnings | $459K | −$1.6M | $2.1M | — |
| Other expense, net | $2.2M | $2.7M | −$473K | -18% |
| Research & development | $760K | $2.0M | −$1.3M | -63% |
| Other operating costs | $587K | $2.5M | −$1.9M | -77% |
| Net earnings | $459K | −$1.6M | $2.1M | — |
| Operating cash sources | $4.5M | −$3.7M | $8.2M | — |
| Depreciation & amortization | $587K | $668K | −$81K | -12% |
| Share-based compensation | $1.0M | $1.2M | −$154K | -13% |
| Cash used in operations | $2.5M | −$3.9M | $6.4M | — |
| Working capital & other | $4.5M | −$3.7M | $8.2M | — |
Questions
How much did Sanara MedTech's revenue grow quarter over quarter in Q1 2026?
Sanara MedTech's revenue rose $253K (+0.9%) from $27.5M in Q4 2025 to $27.8M in Q1 2026.
What drove Sanara MedTech's revenue change in Q1 2026?
Soft Tissue Repair Products +$213K (+0.9%); Bone Fusion Products +$39K (+1%).