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American Shared Hospital Services (AMS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · American Shared Hospital Services (AMS) Q2 2026 earnings results →
Q2 2026 Revenue up 19% year over year to $8.4M · 12¢ of every $1 of revenue lost · operating margin -10.8%
American Shared Hospital Services made $8.4M in Q2 2026 (+19% Y/Y): Patient Income $4.9M, Rental Income from Medical Services $3.5M. Operating margin -10.8%, net loss $998K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $8.4M in Q2 2026, up 19% year over year and up 19% from the previous quarter. Patient Income was the largest line at 58% of revenue. Patient Income added $1.4M year over year (up 40%), 102% of the total change. Rental Income from Medical Services declined 1%.
Gross margin was 17.0%, down 6.1 points from Q2 2025. Operating costs exceeded revenue by $910K, an operating margin of -10.8%. Operating expenses grew 8% against revenue growth of 19%. The fastest-growing cost line was SG&A (+17%). The quarter ended with a net loss of $1.0M, wider than the previous quarter's $1.0M loss. Minority interests bore $484K of it: to shareholders the quarter was a loss of $514K.
Operating cash flow was $2.2M. Non-cash charges added back $1.3M of depreciation and amortization and $102K of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $58K left free cash flow of $2.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $8.4M | +19% | -10.8% | −$998K | $2.2M |
| Q1 2026 | 10-Q | May 14, 2026 | $7.1M | +16% | -13.0% | −$962K | $2.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $7.7M | -15% | -18.1% | −$1.0M | −$704K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $7.2M | +2% | -4.8% | −$329K | $1.7M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $7.1M | +0.2% | -7.7% | −$478K | −$372K |
| Q1 2025 | 10-Q | May 15, 2025 | $6.1M | +17% | -21.3% | −$912K | $2.5M |
| Q4 2024 | 10-K | Apr 4, 2025 | $9.1M | +59% | -20.2% | −$1.9M | $274K |
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About American Shared Hospital Services
American Shared Hospital Services (“ASHS” and, together with its subsidiaries, the “Company”) is a leading provider of turn-key technology solutions for stereotactic radiosurgery and advanced radiation therapy equipment and services. The main drivers of the Company’s revenue are numbers of sites, procedure volume, and reimbursement. The Company delivers radiation therapy through medical equipment leasing and direct patient services, its two reportable segments. The medical equipment leasing segment, which we also refer to as the Company’s leasing segment, operates by fee-per-use contracts or revenue sharing contracts where the Company shares in the revenue and operating costs of the equipment.
In its own words, from its 10-K, filed Mar 31, 2026.
American Shared Hospital Services against its Services-Medical Laboratories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +19%. Operating margin: -10.8% against the peers' median 6.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AMS American Shared Hospital Services | Q2 2026 | $8.4M | +19% | -10.8% |
| LH Labcorp Holdings | Q3 2026 | $3.8B | +7% | 10.6% |
| DGX Quest Diagnostics | Q3 2026 | $3.1B | +10% | 15.5% |
| NTRA Natera | Q3 2026 | $794M | +34% | -8.6% |
| FTRE Fortrea Holdings | Q3 2026 | $692M | -1% | 2.2% |
| RDNT RadNet | Q2 2026 | $623M | +25% | 6.3% |
| GH Guardant Health | Q3 2026 | $361M | +36% | -36.8% |
| CAI Caris Life Sciences | Q3 2026 | $275M | +27% | 7.0% |
| LMRI Lumexa Imaging Holdings | Q2 2026 | $264M | +5% | 8.7% |
Source: American Shared Hospital Services 10-Q on SEC EDGAR · CIK 744825 · Services-Medical Laboratories
13F: who owns AMS and who is buying
More on AMS
- How American Shared Hospital Services makes money: revenue by segment
- American Shared Hospital Services next earnings date and what analysts expect
- American Shared Hospital Services stock forecast, price target and fair value
- Who owns American Shared Hospital Services stock: holders, funds and Congress trades
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
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