Total Revenue Growth (Reported)
Total revenue for Q1 2026 was $36.4 million, up 20% year-over-year, driven in part by acquisitions and partner revenue.
Diagnostics Partner Momentum
Revenue from diagnostics partners increased to $2.9 million from $1.6 million in Q1 2025, an increase of approximately 81%, reflecting growing volume for single-biomarker tests from enablement partners.
Strong Installed Base and Market Position
Company reports an installed base of over 2,300 instruments and positions Simoa as a leader in ultrasensitive digital immunoassays and spatial as the highest-plex proteomic platform, which management expects to leverage for growth.
Cost Synergies Delivered
Quanterix delivered the $85 million of annualized cost synergies committed from the Akoya acquisition and will cease reporting these after this quarter.
Robust Non-GAAP Gross Margins
Non-GAAP gross profit was $18.5 million with non-GAAP gross margin at 50.9% in Q1; full-year non-GAAP gross margin guide is 49%–53%.
Improving Adjusted EBITDA and Reduced Adjusted Cash Usage
Adjusted EBITDA was a loss of $9.8 million, a sequential improvement of $1.5 million. Adjusted cash usage in the quarter was $14.7 million, and management expects cash usage to decline as annual payments have passed.
Healthy Cash Position and No Debt
Cash, cash equivalents, marketable securities and restricted cash totaled $102.6 million at quarter end and the company expects to end 2026 with roughly $100 million and no debt.
Strategic Commercial and Diagnostics Investments
Management is investing in commercial effectiveness (senior pharma partnerships leader, expanded lead generation, market development leaders, Thermo Fisher distribution integration) and diagnostics (hiring diagnostics leader, upgrading Simoa HD-X for IVD filing targeted in 2027, lab infrastructure, clinical utility studies).
Partnerships and Product Roadmap Focus
Notable partnership with Tempus AI to integrate LucentAD Complete into select EHR systems; product roadmap streamlined to prioritize HD-X and incorporate learnings from Simoa ONE early access.