Oatly Group (NASDAQ:OTLY) today announced its financial results for the first quarter ended March 31, 2026, demonstrating progress in its multi-year strategy to balance rapid growth with operational profitability.
The Malmö, Sweden-based company posted total revenue of $228.3 million, representing a 15.6% increase compared to the prior-year period.
On a constant currency basis, revenue grew by 8.1%, reflecting steady demand for plant-based dairy alternatives across its primary markets in Europe and North America.
The company’s focus on supply chain efficiency and price optimization led to a gross margin of 33.4% for the quarter.
Notably, Oatly achieved a positive adjusted EBITDA of $5 million, a significant milestone as the firm continues its transition toward sustainable self-funding.
The company reported a net loss of $12 million, a narrowed figure compared to historical quarterly losses, as it streamlines its global overhead.
A key point of focus for investors remains the company's footprint in Asia.
Oatly confirmed that its strategic review of the Greater China segment is ongoing.
This review is intended to optimize the company's cost structure and route-to-market strategy in the region, which has faced a more volatile recovery compared to Oatly's Western segments.
Reflecting confidence in its current trajectory, Oatly reiterated its full-year 2026 financial guidance.
The company continues to expect constant currency revenue growth in the range of 3% to 5% and adjusted EBITDA between $25 million and $35 million.