Filing Flows › Tactile Systems Technology (TCMD) › Q1 2026
Tactile Systems Technology (TCMD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Tactile Systems Technology (TCMD) reported revenue of $75.3M for the first quarter 2026 (Q1 2026), +23% from a year earlier and -27% from the quarter before. Operating margin was -2.0%, net loss $1.8M (2.3% of revenue).
Tactile Systems Technology, Q1 2026: revenue $75.3M (+23% year over year), operating margin -2.0%, net loss $1.8M, operating cash flow −$339K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.3M | -27% | +23% |
| Operating profit | −$1.5M | -108% | — |
| Net earnings | −$1.8M | -117% | — |
| Operating cash flow | −$339K | -102% | -181% |
What changed
Revenue was $75.3M in Q1 2026, up 23% year over year and down 27% from the previous quarter. Lymphedema products was the largest line at 83% of revenue. Lymphedema products added $11.7M year over year (up 23%), 83% of the total change.
Gross margin was 76.5%, up 2.5 points from Q1 2025. Operating costs exceeded revenue by $1.5M, an operating margin of -2.0%. Operating expenses grew 19% against revenue growth of 23%. The fastest-growing cost line was Research & development (+59%). The quarter ended with a net loss of $1.8M, after a profit of $10.6M the previous quarter. Non-operating items added $638K, -71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$339K. Non-cash charges added back $1.6M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $821K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Tactile Systems Technology's revenue in the first quarter 2026?
Tactile Systems Technology (TCMD) reported revenue of $75.3M for the first quarter 2026 (Q1 2026), +23% from a year earlier and -27% from the quarter before.
Was Tactile Systems Technology profitable in the first quarter 2026?
Operating loss was $1.5M (-2.0% of revenue) and net loss $1.8M.