Filing Flows › Flyte Aviation (VTAK) › Q1 2026
Flyte Aviation (VTAK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 18, 2026
Flyte Aviation (VTAK) reported revenue of $432K for the first quarter 2026 (Q1 2026), +202% from a year earlier and +82% from the quarter before. Operating margin was -536.6%, net loss $1.7M (391.2% of revenue).
Flyte Aviation, Q1 2026: revenue $432K (+202% year over year), operating margin -536.6%, net loss $1.7M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $432K | +82% | +202% |
| Operating profit | −$2.3M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $432K in Q1 2026, up 202% year over year and up 82% from the previous quarter. Product was the largest line at 57% of revenue. Product added $105K year over year (up 73%), 36% of the total change.
Gross margin was 90.3%, down 2.0 points from Q1 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -536.6%. Operating expenses fell 27% while revenue rose 202%. The fastest-growing cost line was Research & development (+45%). The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $5.8M loss. Minority interests bore $9K of it: to shareholders the quarter was a loss of $1.7M. Non-operating items added $453K, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.8M. Non-cash charges added back $405K of depreciation and amortization and $64K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Flyte Aviation's revenue in the first quarter 2026?
Flyte Aviation (VTAK) reported revenue of $432K for the first quarter 2026 (Q1 2026), +202% from a year earlier and +82% from the quarter before.
Was Flyte Aviation profitable in the first quarter 2026?
Operating loss was $2.3M (-536.6% of revenue) and net loss $1.7M.
Source: Flyte Aviation 10-Q on SEC EDGAR.