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Tenon Medical (TNON) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 13, 2026

Tenon Medical (TNON) reported revenue of $1.3M for the second quarter 2026 (Q2 2026), +127% from a year earlier and -7% from the quarter before. Operating margin was -262.2%, net loss $4.0M (316.7% of revenue).

Revenue$1.3M
Year over year+127%
Quarter over quarter-7%
Operating margin-262.2%
Net earnings−$4.0M

Tenon Medical, Q2 2026: revenue $1.3M (+127% year over year), operating margin -262.2%, net loss $4.0M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.3M-7%+127%
Operating profit−$3.4M——
Net earnings−$4.0M——
Operating cash flow−$2.8M——

What changed

Revenue was $1.3M in Q2 2026, up 127% year over year and down 7% from the previous quarter.

Gross margin was 63.6%, up 20.2 points from Q2 2025. Operating costs exceeded revenue by $3.4M, an operating margin of -262.2%. Operating expenses grew 34% against revenue growth of 127%. The fastest-growing cost line was Sales & marketing (+67%). The quarter ended with a net loss of $4.0M, wider than the previous quarter's $3.5M loss.

Operating cash flow was −$2.8M. Non-cash charges added back $60K of depreciation and amortization and $412K of share-based compensation. Working capital and other items added $820K. Capital expenditures of $172K exceeded it, leaving free cash flow of −$2.9M.

Questions

What was Tenon Medical's revenue in the second quarter 2026?

Tenon Medical (TNON) reported revenue of $1.3M for the second quarter 2026 (Q2 2026), +127% from a year earlier and -7% from the quarter before.

Was Tenon Medical profitable in the second quarter 2026?

Operating loss was $3.4M (-262.2% of revenue) and net loss $4.0M.

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Source: Tenon Medical 10-Q on SEC EDGAR.