Filing Flows › United Guardian (UG) › Q1 2026
United Guardian (UG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
United Guardian (UG) reported revenue of $2.9M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -3% from the quarter before. Operating margin was 22.4%, net earnings $819K (28.5% of revenue).
United Guardian, Q1 2026: revenue $2.9M (+16% year over year), operating margin 22.4%, net earnings $819K, operating cash flow $605K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9M | -3% | +16% |
| Operating profit | $642K | -11% | +5% |
| Net earnings | $819K | +26% | +46% |
| Operating cash flow | $605K | +83% | +88% |
| Free cash flow | $595K | +93% | +87% |
What changed
Revenue was $2.9M in Q1 2026, up 16% year over year and down 3% from the previous quarter. Pharmaceuticals was the largest line at 50% of revenue. Pharmaceuticals added $277K year over year (up 24%), 71% of the total change. Medical declined 5%.
Operating profit was $642K, a 22.4% margin (down 2.3 points year over year). Of the extra revenue versus Q1 2025, 8% reached operating profit, below the 25% margin then. Total costs grew 19% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+29%). Net earnings were $819K, up 46% year over year. The effective tax rate was 20.7%. Non-operating items added $391K, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $605K (up 88% year over year), 74% of net earnings. Non-cash charges added back $29K of depreciation and amortization. Working capital and other items used $243K. Capital expenditures of $10K left free cash flow of $595K.
Questions
What was United Guardian's revenue in the first quarter 2026?
United Guardian (UG) reported revenue of $2.9M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -3% from the quarter before.
Was United Guardian profitable in the first quarter 2026?
Operating profit was $642K (22.4% of revenue) and net earnings $819K.
Source: United Guardian 10-Q on SEC EDGAR.