Beyond Oil Ltd. reported $1.26 million in 1Q26 revenue, up 24% y/y, driven by US foodservice expansion and strategic accounts.
Beyond Oil Ltd. (BOIL/BEOLF) reported $1.26 million in first-quarter revenue, a 24% year-over-year increase from $1.01 million, maintaining a ~$5.0 million annualized run-rate. The growth reflects advancing US foodservice adoption and new distributor agreements, though sequential growth was modest at ~1% from $1.24 million in 4Q25.
Gross margin expanded 240 bps y/y to 53.1%, despite higher commercialization costs. The company prioritized direct strategic accounts and targeted distribution to improve rollout execution and recurring revenue visibility. A new US fast-food chain partnership, following pilot programs, adds validation for broader adoption.
Management emphasized valuation hinges on scaling revenue into existing capacity and improving opex absorption, rather than current revenue levels. The focus remains on execution ahead of expected 2H26 acceleration in US rollouts.