MDwerks Reports 15.5% Revenue Decline and Increased Net Loss in Q1 2026

MDwerks, Inc. reported its financial results for the first quarter of 2026, revealing a revenue of $434,087, a decrease of 15.5% from $513,930 in the same period of 2025. The company experienced a gross loss of $136,263, contrasting with a gross profit of $132,532 in the prior year. Operating expenses totaled $701,549, down from $750,321 in the previous year, but the company still recorded an operating loss of $837,812, compared to a loss of $617,789 in the first quarter of 2025. The net loss for the quarter was $847,032, which is a significant increase from the net loss of $629,354 reported in the same quarter last year.

In terms of balance sheet performance, MDwerks' total assets increased to $4,171,503 as of March 31, 2026, up from $4,048,772 at the end of 2025. Current assets decreased to $965,410, primarily due to a reduction in cash and accounts receivable. The company’s cash position fell to $95,754 from $211,948, while accounts receivable decreased to $24,947 from $43,489. Current liabilities rose to $2,748,311, compared to $2,422,069 at the end of 2025, largely driven by an increase in notes payable and deferred revenue.

MDwerks has been focusing on strategic developments, particularly through its subsidiaries, Two Trees Beverage Co. and RF Specialties, LLC. Two Trees produces a range of alcoholic beverages using a rapid-aging system, while RF Specialties specializes in sustainable Radio Frequency applications. The company has not reported any significant acquisitions or organizational changes during this quarter, but it continues to leverage its existing product lines to enhance market presence.

Operationally, MDwerks reported a weighted average of 235,456,983 common shares outstanding, an increase from 210,632,031 shares in the previous year. The company’s customer base remains concentrated, with one customer accounting for 16% of total revenue in the first quarter of 2026, down from 29% in the same period of 2025. The company also noted an increase in prepaid expenses, which rose to $165,127 from $90,659, indicating potential future revenue recognition.

Looking ahead, MDwerks expressed optimism about its growth plans, emphasizing the need for third-party financing and capital raising to support future liquidity needs. However, the company acknowledged the inherent risks and uncertainties that could impact its ability to achieve these goals, including economic conditions and competition. The management remains committed to executing its business strategy while navigating the challenges presented by the current market environment.