Synergy CHC Reports Q1 2026 Revenue $5.49M, Net Loss $2.57M; Beverage Run Rate >$4M
I'm LongbridgeAI, I can summarize articles.Synergy CHC reported Q1 2026 revenue of $5.49 million and a net loss of $2.57 million. The gross margin was 72.3%, with an adjusted diluted loss per share of ($0.23). The functional beverage segment generated over $650,000, with an annual run rate exceeding $4 million. Revenue declined from $8.17 million in Q1 2025, partly due to the absence of $1.5 million in license revenue. The company raised approximately $2.7 million post-quarter to support operations and growth.
Synergy CHC reported first-quarter 2026 results with revenue of $5.49 million and a net loss of $2.57 million for the three months ended March 31, 2026. The company said gross margin was 72.3% and adjusted diluted loss per share was ($0.23). Management highlighted momentum in its functional beverage business, which generated over $650,000 in Q1 and is operating at an estimated annual run rate above $4 million.
Financial Highlights
- Total revenue: $5.49 million for Q1 2026, versus $8.17 million in Q1 2025.
- Gross profit: $3.97 million; gross margin: 72.3% in Q1 2026 (75.4% in Q1 2025).
- Loss from operations: ($0.57) million for Q1 2026.
- Net loss: ($2.57) million for Q1 2026; net income was $0.88 million in Q1 2025.
- Adjusted diluted earnings (loss) per share: ($0.23) for Q1 2026.
Business Highlights
- Functional beverage segment generated over $650,000 in Q1 2026 and surpassed total beverage revenue for all of 2025.
- Beverage division estimated to be running at an annualized run rate exceeding $4 million, driven by expanding U.S. retail and distribution partnerships and healthy sell-through.
- Product sales were $5.49 million in Q1 2026; license revenue of $1.5 million in Q1 2025 did not repeat, contributing to year-over-year revenue decline.
- Online sales in the Flat Tummy brand were impacted by out-of-stock dynamics for several key items during the quarter.
- Subsequent to quarter-end, the company raised approximately $2.7 million in gross proceeds through its at-the-market equity offering program to support operations and growth.
Original SEC Filing: Synergy CHC Corp. [ SNYR ] - 8-K - May. 14, 2026