Filing Flows › Vaso (VASO) › Q1 2026
Vaso (VASO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Vaso (VASO) reported revenue of $19.4M for the first quarter 2026 (Q1 2026), -0.5% from a year earlier and -28% from the quarter before. Operating margin was -6.9%, net loss $887K (4.6% of revenue).
Vaso, Q1 2026: revenue $19.4M (-0.5% year over year), operating margin -6.9%, net loss $887K, operating cash flow −$12.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.4M | -28% | -0.5% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$887K | -178% | — |
| Operating cash flow | −$12.6M | -4937% | — |
What changed
Revenue was $19.4M in Q1 2026, down 1% year over year and down 28% from the previous quarter. Managed ITSystems and Services was the largest line at 49% of revenue. Managed ITSystems and Services lost $754K year over year (down 7%), 711% of the total change.
Gross margin was 59.8%, up 1.4 points from Q1 2025. Operating costs exceeded revenue by $1.3M, an operating margin of -6.9%. Operating expenses grew 3% against a revenue fall of 1%. The quarter ended with a net loss of $887K, after a profit of $1.1M the previous quarter. Non-operating items added $255K, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$12.6M. Non-cash charges added back $243K of depreciation and amortization and $8K of share-based compensation. Working capital and other items used $12.0M. Capital expenditures of $459K exceeded it, leaving free cash flow of −$13.1M.
Questions
What was Vaso's revenue in the first quarter 2026?
Vaso (VASO) reported revenue of $19.4M for the first quarter 2026 (Q1 2026), -0.5% from a year earlier and -28% from the quarter before.
Was Vaso profitable in the first quarter 2026?
Operating loss was $1.3M (-6.9% of revenue) and net loss $887K.
Source: Vaso 10-Q on SEC EDGAR.