Cybeats Technologies (CYBT) Q1 2026 earnings summary

Executive summary

• Achieved highest grossing quarter ever in Q1 2026, with revenue reaching $763,679, driven by new and existing account growth.

• Added multiple new medical device manufacturing clients and onboarded a major automotive parts manufacturer, marking entry into the automotive sector.

• Introduced SBOM Vendor Manager, a new product feature addressing enterprise pain points and expanding monetization.

• Settled over $1.2 million of debt through a shares-for-debt transaction, making the company debt-free and strengthening the balance sheet.

• Entered OEM partnership with Keysight Technologies, expanding distribution reach.

Financial highlights

• Q1 2026 revenue was $763,679, up from $681,128 in Q1 2025, reflecting a 12% increase.

• Net loss in Q1 2026 was $2,430,993, primarily due to $1,572,206 in non-cash option grants; net loss before non-cash expenses was $857,087.

• Cash expenses decreased by 15% year-over-year to $1,620,766 from $1,865,072 in Q1 2025.

• Cash at quarter end was $1,072,900, down from $2,751,202 at the end of 2025.

• Paid off $531,995 debenture and $333,296 in accounts payable and accrued liabilities.

Outlook and guidance

• Confident in reaching $5 million ARR by end of Q2 2026, supported by a strong pipeline, regulatory tailwinds, and expanded partnerships.

• Regulatory changes, especially the EU Cyber Resilience Act, are accelerating procurement cycles and driving demand for software supply chain security.

• Expanded go-to-market resources and partnerships pipeline, targeting high-value regulated verticals.

• Aggressive field presence at major industry conferences and recognition in multiple Gartner reports.