HYPR earnings analysis
What we found in HYPR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Hyperfine, Inc. reported Q1 2026 revenue of $3.90 million, an 83% increase year-over-year, along with an EPS of -$0.09, matching consensus estimates. The company continues to face high cash burn but has improved its gross margin significantly, indicating strong sales performance and operational adjustments. Management maintains full-year revenue guidance of $20 to $22 million, reflecting a solid growth outlook.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Up 83% YoY
- Q1 2026 revenue reached $3.90 million, up from $2.13 million in Q1 2025.
- Gross Margin Improvement
- Gross profit for Q1 2026 improved to $1.98 million, a 124.1% increase compared to the prior year.
- Reduction in Operating Loss
- Loss from operations decreased to $8.56 million, down from $10.90 million YoY.
- Increased Units Sold
- Sales of Swoop® systems increased by 67% year-over-year to 10 units sold.
- Cash Position Solidified
- As of March 31, 2026, cash and cash equivalents were $40.8 million.
- Continued Investment in R&D
- R&D expenses decreased 23.7% to $3.85 million, signaling potential efficiency improvements in spending.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Cash Burn Persisting
- Net loss for Q1 2026 stood at $8.62 million, reflecting ongoing cash usage.
- Debt Repayment Obligations
- The company entered into a $15 million term loan with interest, increasing financial obligations.
- Operational Dependency on Innovation
- Future revenue relies heavily on successful commercialization of the updated Swoop® system.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.09
- Gross margin
- 50.7%
- Segment
- Device
- Segment
- Service
What they said about what is next.
Management reaffirmed full-year 2026 revenue guidance of $20 million to $22 million, indicating expected growth.
The filing reads better than the one before it.
What came before.
- 10-K · March 18, 2026
- Hyperfine positions itself as the first-mover in AI-powered portable ultra‑low‑field (ULF) brain MRI with a commercial rollout of a next‑generation Swoop® scanner and Optive AI™ software in 2025 and an expanding patent…
- 10-K · March 17, 2025
- Hyperfine positions the Swoop® portable ultra‑low‑field MRI as an AI‑powered, lower‑cost alternative to conventional MRI with an estimated U.S. TAM of "more than $16 billion" and an expanding installed base supported by…
- 10-K · March 22, 2024
- Hyperfine positions itself as the first FDA-cleared portable ultra-low-field (ULF) brain MRI platform (Swoop®) targeting decentralized imaging with AI-powered reconstruction and an expanding install base. The company…
- 10-Q · November 9, 2023
- Hyperfine reported Q3 2023 revenue of $2,330,000, essentially flat versus $2,348,000 in Q3 2022, with gross margin expanding to $1,124,000 (48.2% of revenue). Operating loss narrowed to $11,759,000 and net loss improved…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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