\nEastman Kodak Company (NYSE: KODK) today reported financial results for the first quarter 2026.<\/p>\n
\nFirst quarter 2026 highlights include:<\/p>\n
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- \nConsolidated revenues of $265 million, compared with $247 million for Q1 2025, an increase of $18 million or 7 percent<\/p>\n
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- \nAdvanced Materials & Chemicals (AM&C) revenues were $76 million, compared with $74 million for Q1 2025, an increase of $2 million or 3 percent<\/p>\n<\/li>\n
- \nPrint revenues were $180 million, compared with $165 million for Q1 2025, an increase of $15 million or 9 percent<\/p>\n<\/li>\n<\/ul>\n<\/li>\n
- \nGross profit of $57 million, compared with $46 million for Q1 2025, an increase of $11 million or 24 percent<\/p>\n<\/li>\n
- \nGross profit percentage of 22 percent, compared with 19 percent for Q1 2025, an increase of 3 percentage points<\/p>\n<\/li>\n
- \nGAAP net loss of $16 million, compared with net loss of $7 million for Q1 2025, an increase of $9 million<\/p>\n<\/li>\n
- \nOperational EBITDA of $15 million, compared with $2 million for Q1 2025, an increase of $13 million<\/p>\n<\/li>\n
- \nA quarter-end cash balance of $299 million, compared with $337 million on December 31, 2025, a decrease of $38 million<\/p>\n<\/li>\n
- \nCash flow from operations improved $8 million from the prior-period<\/p>\n<\/li>\n<\/ul>\n
\n\u201cIn the first quarter, Kodak achieved year-over-year improvement in key metrics, including revenue, gross profit and Operational EBITDA,\u201d said Jim Continenza, Kodak\u2019s Executive Chairman and CEO. \u201cWe have delivered three consecutive quarters of strong performance, despite a highly volatile and challenging business environment. Our success is no accident. It reflects several years of investing in innovation and infrastructure and focusing on operational excellence. Looking forward, we plan to build on our momentum by continuing to put our customers first, strengthen our balance sheet and invest in businesses that will drive future growth.\u201d<\/p>\n
\nFor the quarter ended March 31, 2026, revenues were $265 million, an increase of $18 million or 7 percent compared to the same period in 2025. Adjusting for the favorable impact of foreign exchange of $7 million, revenues increased by $11 million, or 4 percent compared to the prior year.<\/p>\n
\nGAAP net loss was $16 million for the quarter, compared to GAAP net loss of $7 million in 2025, an increase of $9 million. Operational EBITDA for the quarter ended March 31, 2026, was $15 million, compared to $2 million in 2025, an increase of $13 million. The increase in Operational EBITDA was primarily driven by improved pricing, partially offset by higher manufacturing costs and higher silver and aluminum prices.<\/p>\n
\nKodak ended the quarter with a cash balance of $299 million, a decrease of $38 million from December 31, 2025. The decrease was primarily driven by an increase in inventory of $38 million primarily driven by silver and aluminum commodities, the required March 13, 2026 principal repayment for the term loans of $50 million, partially offset by cash proceeds from redemption of Kodak Retirement Income Plan reversion investments of $46 million.<\/p>\n
\nFind the Q1 infographic here<\/a>.<\/p>\n
Revenue and Operational EBITDA by Reportable Segment Q1 2026 vs. Q1 2025<\/b><\/p>\n
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