Slinger Bag Inc (SLBG) Q1 2026 Earnings Report

In QQ1 2026, Slinger Bag delivered a compelling profitability profile alongside a solid balance sheet. Revenue reached $3.00 million, marking a YoY increase of approximately 228.8% and a QoQ decline of about 8.3%. Gross profit was $2.256 million with a margin of 75.19%, contributing to an EBITDA of $1.491 million and an operating income of $1.491 million (operating margin of 49.71%). Net income totaled $0.883 million, yielding a net margin of 29.42% and EPS of $0.06. These results reflect meaningful margin expansion in a small-cap niche, likely aided by favorable product mix and disciplined SG&A management.

The balance sheet shows a robust equity base of roughly $26.16 million and a net cash position of about $52.7 thousand, alongside a sizable accounts receivable balance of $18.39 million and intangible assets totaling $9.77 million. No material long-term debt is reported, and financing activities contributed approximately $1.08 million to cash during the period. While the liquidity profile appears strong on the headline, the elevated accounts receivable and lack of disclosed operating cash flow data warrant close scrutiny of working capital dynamics and cash conversion efficiency as the company scales.

Taken together, QQ1 2026 paints a positive near-term profitability trajectory for Slinger Bag within a niche, high-margin consumer leisure product. The key questions for investors concern sustainability of the margin improvement, the cadence of revenue growth, and the ability to convert earnings into durable free cash flow in a business with limited public comparables and liquidity characteristics typical of an OTC-listed micro-cap.