Filing Flows › Surrozen (SRZN) › Q1 2026
Surrozen (SRZN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Surrozen (SRZN) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), +409% from a year earlier and +847% from the quarter before. Operating margin was -209.1%.
Surrozen, Q1 2026: revenue $5.0M (+409% year over year), operating margin -209.1%, net loss $128M, operating cash flow −$12.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | +847% | +409% |
| Operating profit | −$10.5M | — | — |
| Net earnings | −$128M | — | — |
| Operating cash flow | −$12.5M | — | — |
What changed
Revenue was $5.0M in Q1 2026, up 409% year over year and up 847% from the previous quarter.
Operating costs exceeded revenue by $10.5M, an operating margin of -209.1%. Total costs grew 47% against revenue growth of 409%. The fastest-growing cost line was General & admin (+54%). The quarter ended with a net loss of $127.5M, narrower than the previous quarter's $183.2M loss. Net interest and other expense of $117.0M was the main reason.
Operating cash flow was −$12.5M. Non-cash charges added back $65K of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $112.8M. Capital expenditures of $120K exceeded it, leaving free cash flow of −$12.6M.
Questions
What was Surrozen's revenue in the first quarter 2026?
Surrozen (SRZN) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), +409% from a year earlier and +847% from the quarter before.
Was Surrozen profitable in the first quarter 2026?
Operating loss was $10.5M (-209.1% of revenue) and net loss $128M.
Source: Surrozen 10-Q on SEC EDGAR.