Oatly Group Q1 2026 Financial Results: Revenue Growth with Continued Losses

Oatly Group AB reported its Q1 2026 financial results showing revenue growth of 15.6% to $228.3 million compared to $197.5 million in Q1 2025. Despite the revenue increase, the company reported a net loss of $12.1 million, slightly improved from a $12.5 million loss in the prior year period. The company's operating loss narrowed to $11.3 million from $18.6 million year-over-year. Gross profit improved to $76.3 million with a 33.4% gross margin. The Europe & International segment was the strongest performer with $136.8 million in revenue and $31.6 million in Adjusted EBITDA. However, cash and cash equivalents declined to $49.4 million from $64.3 million at year-end 2025, and total equity decreased significantly to $4.5 million from $19.7 million. The company continues to carry substantial debt including $329.6 million in Convertible Notes and $179.2 million in Nordic Bonds.