The flat SaaS revenue (+0.1%) is the key disappointment — management's double-digit growth guidance for FY 2026 now appears aspirational with no evidence of acceleration. Watch for Q2 2026 results to see if SaaS growth re-emerges; continued stagnation would pressure the stock further given the $35M market cap and $2.1M cash runway.
Price Chart
Executive Summary
Intellinetics reported Q1 2026 revenue of $3.9M, down 8.0% YoY, with SaaS revenue essentially flat (+0.1%) and professional services declining 14.3%. Net loss widened to $1.2M ($0.27/share) from $0.7M ($0.17/share) a year ago, driven by lower professional services margins and $430K in non-recurring CEO transition costs. Management reiterated a goal of double-digit SaaS growth for FY 2026, but the quarter showed no progress toward that target.
Key Financial Metrics
Key Facts
- Total revenue decreased 8.0% YoY to $3,909,182 from $4,247,345
- SaaS revenue was essentially flat at $1,543,847 (+0.1% YoY)
- Professional services revenue fell 14.3% to $1,850,163
- Gross profit margin contracted 307 bps to 63.5% from 66.6%
- Net loss widened to $1,177,853 ($0.27/share) from $727,565 ($0.17/share)
- Adjusted EBITDA swung to a loss of $287,650 from a profit of $76,589
- Operating expenses included $430,130 in non-recurring CEO transition costs
- Cash balance declined to $2.1M from $2.5M at year-end 2025
- Operating cash flow was negative $228,434 vs negative $110,353 in Q1 2025
- Management expects double-digit YoY SaaS growth for FY 2026
Financial Impact
Revenue decline of $338K (-8.0%), net loss increase of $450K (+62%), and cash burn of $452K in the quarter
Risk Factors
- SaaS growth stalled at 0.1% — core recurring revenue engine not accelerating
- Professional services revenue declining and compressing margins
- Cash burn continues with only $2.1M on hand; potential need for capital raise
- CEO transition costs ($430K) are non-recurring but signal organizational disruption
- Negative operating cash flow for the second consecutive quarter
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023042 |
| Document: form8-k.htm | 0001493152-26-023042 |
| Document: 0001493152-26-023042-index-headers.html | 0001493152-26-023042 |
| Document: 0001493152-26-023042-index.html | 0001493152-26-023042 |
| Document: 0001493152-26-023042.txt | 0001493152-26-023042 |
| 8-K Data (Synthetic) | 0001493152-26-023042 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 10w ago | 8-K | $5.75 $5.67 | ▲ +1.39% | ▼ −0.36% | $4.30 (+25.22%) |
May 14, 2026 23w ago | 8-K | $6.77 $5.40 | ▲ +20.24% | ▲ +22.35% | $4.30 (+36.48%) |
US Market Status
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