FIG Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), FIG reported revenue of $333M, gross profit of $265M (79.4% gross margin), operating income of −$137M, and net income of −$142M (-42.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
FIG reported a net loss; revenue grew 21.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +21.6% | +87.0% | +357.4 pp |
Consensus estimate data is not available for this report.
FIG Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $333M | 100% |
| Cost of Revenue | −$69M | 20.6% |
| Gross Profit | $265M | 79.4% |
| Research & Development | −$173M | 51.9% |
| Selling, General & Administrative | −$229M | 68.7% |
| Operating Income | −$137M | -41.2% |
| Other Income, net | −$4M | 1.3% |
| Income Tax Expense | −$678,000 | 0.2% |
| Net Income | −$142M | -42.7% |
Source: FIG filings on SEC EDGAR (period ended 2026-03-31). Data normalized by EarningsFyi.