Quarterly ResultMay 14, 2026, 08:07 AM
Prenetics Q1 Revenue $36M; Raises FY26 IM8 Guidance to $190M-$210M
AI Summary
Prenetics Global Ltd announced preliminary Q1 2026 results, reporting $36.0 million in revenue, a 334.5% increase year-over-year. Its IM8 brand revenue reached $33.8 million, growing nearly 6x year-over-year and 23.1% sequentially. The company raised its full-year 2026 IM8 revenue guidance to $190 million-$210 million and projects Q2 2026 revenue of $46 million-$48 million. Additionally, Prenetics divested its digital assets for $41.3 million and executed $19 million of its $40 million share buyback program.
Key Highlights
- Q1 2026 revenue was $36.0 million, a 334.5% increase year-over-year.
- IM8 revenue reached $33.8 million in Q1 2026, up 23.1% sequentially and nearly 6x year-over-year.
- Raised full-year 2026 IM8 revenue guidance to $190 million-$210 million (from $180 million-$200 million).
- Projected Q2 2026 revenue of $46 million-$48 million, with IM8 contributing $44 million-$46 million.
- Divested digital assets for $41.3 million in proceeds, boosting cash balance.
- Executed approximately $19 million of the $40 million share buyback program.
- IM8 gross margin expanded to ~64% in Q1 2026, up from ~60% in Q4 2025.
- New customer average order value for IM8 increased to $240 in Q1 2026, up 53% from Q4 2025.