Super League Enterprise | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 3.003 M

Revenue: As of FY2026 Q1, the actual value is USD 3.003 M, beating the estimate of USD 2.814 M.

EPS: As of FY2026 Q1, the actual value is USD -1.77.

EBIT: As of FY2026 Q1, the actual value is USD -4.249 M.

Cash Position

Super League Enterprise, Inc. ended the first quarter of 2026 with $11.4 million in cash and investments . This includes accounting for $1.5 million in cash consideration paid earlier in May 2026 for the Misfits Ads Business acquisition . The company does not anticipate needing to raise capital in the foreseeable future to fund ongoing operations .

Segment Revenue

Gross revenue for Q1 2026 increased to $3.0 million, up from $2.7 million in the prior-year first quarter . Sequentially, revenue declined only 6% from Q4 2025, despite typical seasonal patterns .

Operational Metrics

• Gross Margin: Gross margin improved to 36% in Q1 2026, up from 32% in Q4 2025 .
• Cash-based EBITDA: Cash-based EBITDA improved 11% year-over-year .
• Net Loss: The net loss for Q1 2026 was - $4,051,000, compared to - $4,230,000 for Q1 2025 .
• Cost of Revenue: Cost of revenue was - $1,926,000 in Q1 2026, compared to - $1,522,000 in Q1 2025 .
• Gross Profit: Gross profit was $1,077,000 for Q1 2026, a decrease from $1,196,000 in Q1 2025 .
• Operating Expenses:
  • Selling, marketing and advertising expenses were $1,991,000 in Q1 2026, down from $2,392,000 in Q1 2025 .
  • Engineering, technology and development expenses were $668,000 in Q1 2026, down from $929,000 in Q1 2025 .
  • General and administrative expenses were $2,577,000 in Q1 2026, up from $1,520,000 in Q1 2025 .
  • Total operating expense was $5,236,000 in Q1 2026, compared to $4,827,000 in Q1 2025 .
• Net Operating Loss: The net operating loss was - $4,159,000 in Q1 2026, compared to - $3,631,000 in Q1 2025 .
• Other Income (Expense), Net: Total other income (expense), net, was $108,000 in Q1 2026, compared to - $599,000 in Q1 2025 .
• Loss Before Income Taxes: Loss before income taxes was - $4,051,000 in Q1 2026, compared to - $4,230,000 in Q1 2025 .
• Total Comprehensive Loss: Total comprehensive loss was - $4,100,000 for Q1 2026, compared to - $4,230,000 for Q1 2025 .

Cash Flow

• Net Cash Used in Operating Activities: Net cash used in operating activities was - $2,523,000 for Q1 2026, compared to - $2,203,000 for Q1 2025 .
• Cash and Cash Equivalents: Cash and cash equivalents at the end of Q1 2026 were $4,230,000, compared to $747,000 at the end of Q1 2025 .

Unique Metrics

• The average closed deal size increased to $157,000, up from $145,000 in the prior year quarter .
• Weighted pipeline open opportunities per salesperson grew to approximately $1.78 million as of May 2026, nearly triple the level from two years ago .
• Super League Enterprise, Inc. engaged 23 new clients year-to-date .

Outlook / Guidance

The Misfits Ads Business acquisition is expected to contribute to financial results beginning in the second quarter, strengthening the predictability and scalability of the revenue model . Super League Enterprise, Inc. aims for cash-based EBITDA profitability by fiscal year-end . On a pro forma basis, the combined Super League Enterprise, Inc. and Misfits pipeline of opportunities reflects approximately $12 million of gross revenue potential in fiscal year 2026 .