Filing Flows › Z Squared (ZSQR) › Q1 2026
Z Squared (ZSQR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Z Squared (ZSQR) reported revenue of $114K for the first quarter 2026 (Q1 2026), +81% from a year earlier and -87% from the quarter before.
Z Squared, Q1 2026: revenue $114K (+81% year over year), net loss $3.9M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114K | -87% | +81% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $114K in Q1 2026, up 81% year over year and down 87% from the previous quarter.
Gross margin was 60.3%, up 32.1 points from Q1 2025. Operating costs exceeded revenue by $3.9M, an operating margin of -3440.8%. Operating expenses fell 2% while revenue rose 81%. The fastest-growing cost line was Research & development (+172%). The quarter ended with a net loss of $3.9M, wider than the previous quarter's $1.9M loss.
Operating cash flow was −$1.8M. Non-cash charges added back $295K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $783K.
Questions
What was Z Squared's revenue in the first quarter 2026?
Z Squared (ZSQR) reported revenue of $114K for the first quarter 2026 (Q1 2026), +81% from a year earlier and -87% from the quarter before.
Source: Z Squared 10-Q on SEC EDGAR.