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Cytek Biosciences posts 6% revenue growth in Q1 2026 despite rising losses

Company Fundamentals
07 May 2026
GlobeNewsWire
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Neutral
pluang ai news

Cytek Biosciences reported a 6% increase in total revenue to $44.1 million for Q1 2026, driven by growth in service and reagent sales and an expanding installed base of instruments. However, the company faced higher operating expenses, particularly in general and administrative costs, leading to a net loss of $18.9 million, up from $11.4 million in Q1 2025. Cytek reaffirmed its 2026 revenue guidance of $205-$212 million, expecting continued growth amid global market challenges. The company highlights its technology leadership and recurring revenue expansion as key drivers for future performance.

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