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Xenetic Biosciences (XBIO) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 12, 2026

Xenetic Biosciences (XBIO) reported revenue of $807K for the first quarter 2026 (Q1 2026), +36% from a year earlier and +5% from the quarter before. Operating margin was -62.2%, net loss $456K (56.6% of revenue).

Revenue$807K
Year over year+36%
Quarter over quarter+5%
Operating margin-62.2%
Net earnings−$456K

Xenetic Biosciences, Q1 2026: revenue $807K (+36% year over year), operating margin -62.2%, net loss $456K, operating cash flow −$536K. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$807K+5%+36%
Operating profit−$502K——
Net earnings−$456K——
Operating cash flow−$536K——

What changed

Revenue was $807K in Q1 2026, up 36% year over year and up 5% from the previous quarter.

Operating costs exceeded revenue by $502K, an operating margin of -62.2%. Total costs fell 15% while revenue rose 36%. The quarter ended with a net loss of $456K, narrower than the previous quarter's $579K loss.

Operating cash flow was −$536K. Non-cash charges added back $11K of share-based compensation. Working capital and other items used $91K.

Questions

What was Xenetic Biosciences' revenue in the first quarter 2026?

Xenetic Biosciences (XBIO) reported revenue of $807K for the first quarter 2026 (Q1 2026), +36% from a year earlier and +5% from the quarter before.

Was Xenetic Biosciences profitable in the first quarter 2026?

Operating loss was $502K (-62.2% of revenue) and net loss $456K.

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Source: Xenetic Biosciences 10-Q on SEC EDGAR.