Prenetics Global Q1 Revenue Jumps 333% to $36M; IMA Guidance Raised to $210M
PRE•Revenue jumped 333% year-on-year to $36 million in Q1 2026, driven by IMA segment’s $33.8 million (6x growth), 23% sequential increase, 64% gross margin and 82,000 active subscribers. Prenetics lifted full-year IMA guidance to $190–$210 million but recorded an $8.9 million operating loss and 85% Meta ad spend.
1. Q1 Financial Results
Prenetics Global reported Q1 2026 revenue of $36 million, up 333% year-over-year. The IMA segment delivered $33.8 million, marking nearly 6x growth and a 23% sequential increase; gross margin expanded 400 basis points to 64% and active subscribers rose to 82,000 with 93% subscription revenue.
2. Guidance and Profitability
The company raised full-year IMA revenue guidance to $190–$210 million from $180–$200 million while maintaining its previous adjusted EBITDA range. Despite robust top-line growth, Prenetics recorded an $8.9 million operating loss and a $5.6 million adjusted EBITDA loss, up from $4.5 million in Q1 2025.
3. Customer Acquisition and Risks
Marketing spend remains heavily concentrated on Meta at 85%, prompting tests on TikTok, Google, AppLovin and YouTube with daily budgets of $3,000–$5,000. The lack of updated adjusted EBITDA guidance and exclusion of potential new product revenues create uncertainty if platform dynamics shift.
