Dalrada Financial (DFCO) Q1 2026 Earnings Report

Dalrada Financial Corporation (DFCO) reported a challenging QQ1 2026 with revenue of $4.10 million, gross profit of $0.56 million and a gross margin of 13.7%, but a substantial operating loss of $5.32 million and a net loss of $6.06 million. Year over year, revenue declined by 61.9% while gross profit fell more sharply by 72.0%, signaling substantial top-line weakness and disproportionate cost carry. The quarter also featured a heavy SG&A expense of $5.88 million, contributing to an EBITDA of −$5.11 million and a net loss despite a modest QoQ improvement in operating performance (+42.11% QoQ in operating income and +38.84% QoQ in net income). Free cash flow remained negative at −$4.22 million, with operating cash flow of −$4.22 million and financing activity providing +$4.52 million to fund liquidity needs; the net cash change was small at +$0.32 million and cash at period end stood at $0.49 million.