VIDA Global Inc. reported first-quarter 2026 results with revenue of $306K, a year-over-year increase from $35.7K, while the company recorded a net loss of $(1.112M) and diluted loss per share of $(0.25) for the quarter.
Financial Highlights
- Revenue was $306K for Q1 2026, compared with $35.7K in Q1 2025; YoY change 758%.
- Net income (loss) was a loss of $(1.112M) for Q1 2026, compared with a loss of $(522.0K) in Q1 2025.
- Diluted EPS was a loss of $(0.25) for Q1 2026, compared with a loss of $(0.16) in Q1 2025.
Business Highlights
- Revenue growth reflected rapid subscription and usage adoption, driving revenue to $306K from $35.7K a year earlier.
- The company is shifting distribution toward partner-led and white-label deployments to accelerate scale and shorten customer onboarding.
- VIDA increased sales and marketing investment to build partner relationships, brand awareness and customer adoption.
- Continued heavy investment in product areas including reliability, security, compliance and capitalized internal-use software.
- Completed an IPO in May 2026, providing net proceeds to fund go-to-market expansion and platform initiatives.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.