Beyond Oil (BOIL) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked a transition from pilot activity to structured commercial rollouts, especially in the U.S. market, with advanced planning and implementation with large, strategic customers in supermarkets, premium casual dining, and fast-food chains.

• Programs involve well-established brands, validating the technology and commercial strategy, with expectations for revenue acceleration starting in Q3 2026.

Financial highlights

• Revenue for Q1 2026 was $1.255 million, up 24% year-over-year from $1.011 million in Q1 2025.

• Gross profit rose to $0.667 million (gross margin 53.1%), up from $0.513 million (50.7%) in Q1 2025.

• Net loss improved significantly to $1.863 million from $11.008 million in Q1 2025, with the prior year including a $9.125 million non-cash finance expense.

• Loss per share improved to $(0.02) from $(0.18) year-over-year.

Outlook and guidance

• Financial impact from new rollout programs is expected to build over coming quarters, with meaningful revenue acceleration anticipated from Q3 2026 through the second half of the year.