MySize Q1 Revenue Up 62% to $2.39M, Gross Margin at 39.3%
MYSZ•MySize reported first-quarter revenue of $2.39 million, marking a 62% year-over-year increase, with gross profit rising 124% to $940,000 and gross margin improving to 39.3%. However, operating expenses drove net loss higher to $1.48 million and cash reserves stood at $910,000 at quarter-end.
1. First-Quarter Financial Performance
Revenue for the first quarter of 2026 rose 62% year-over-year to $2.39 million, while gross profit climbed 124% to $940,000 and gross margin expanded to 39.3%, reflecting strong top-line momentum.
2. Expense and Investment Highlights
Research and development investment increased to $239,000 from $82,000, sales and marketing rose to $890,000 from $567,000, and general and administrative expenses grew to $1.22 million, driving net loss to $1.48 million.
3. Strategic Platform Expansion
The company integrated Percentil and ShoeSize.Me platforms, bolstered AI-driven sizing solutions like Naiz Fit, and expanded e-commerce via Orgad and international distribution through Ten Peacks to enhance its fashion technology ecosystem.
4. Cash Position and Outlook
Cash, cash equivalents, and restricted cash stood at $910,000 as of March 31, 2026, underscoring the need for continued disciplined growth and operational efficiency to extend runway.
