Filing Flows › Trutankless (TKLS) › Q1 2026
Trutankless (TKLS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Jun 9, 2026
Trutankless (TKLS) reported revenue of $940K for the first quarter 2026 (Q1 2026), +119% from a year earlier and +181% from the quarter before. Operating margin was -119.4%, net loss $1.9M (199.7% of revenue).
Trutankless, Q1 2026: revenue $940K (+119% year over year), operating margin -119.4%, net loss $1.9M, operating cash flow −$50K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $940K | +181% | +119% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$50K | -105% | — |
What changed
Revenue was $940K in Q1 2026, up 119% year over year and up 181% from the previous quarter.
Gross margin was 47.3%, up 23.0 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -119.4%. Operating expenses grew 6% against revenue growth of 119%. The fastest-growing cost line was General & admin (+52%). The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.0M loss.
Operating cash flow was −$50K. Non-cash charges added back $23K of depreciation and $943K of share-based compensation. Working capital and other items added $862K.
Questions
What was Trutankless' revenue in the first quarter 2026?
Trutankless (TKLS) reported revenue of $940K for the first quarter 2026 (Q1 2026), +119% from a year earlier and +181% from the quarter before.
Was Trutankless profitable in the first quarter 2026?
Operating loss was $1.1M (-119.4% of revenue) and net loss $1.9M.
Source: Trutankless 10-Q on SEC EDGAR.