Filing Flows › Delcath Systems (DCTH) › Q3 2026
Delcath Systems (DCTH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Delcath Systems (DCTH) reported revenue of $35.1M for the third quarter 2026 (Q3 2026), +71% from a year earlier and +20% from the quarter before. Operating margin was 20.3%, net earnings $7.0M (19.8% of revenue).
Delcath Systems, Q3 2026: revenue $35.1M (+71% year over year), operating margin 20.3%, net earnings $7.0M, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.1M | +20% | +71% |
| Gross profit | $31.2M | +19% | +74% |
| Operating profit | $7.1M | +197% | — |
| Net earnings | $7.0M | +161% | +738% |
| Operating cash flow | $8.2M | +43% | +71% |
| Free cash flow | $6.9M | +33% | +60% |
What changed
Revenue was $35.1M in Q3 2026, up 71% year over year and up 20% from the previous quarter. HEPZATO KIT was the largest line at 93% of revenue. HEPZATO KIT added $13.4M year over year (up 70%), 92% of the total change.
Gross margin was 88.8%, up 1.6 points from Q3 2025. Operating profit was $7.1M, a 20.3% margin (up 22.2 points year over year). Operating expenses grew 31% against revenue growth of 71%. The fastest-growing cost line was Research & development (+38%). Net earnings were $7.0M, up 738% year over year. The effective tax rate was 12.7%.
Operating cash flow was $8.2M (up 71% year over year), 118% of net earnings. Non-cash charges added back $200K of depreciation and $4.2M of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $1.3M left free cash flow of $6.9M.
Questions
What was Delcath Systems' revenue in the third quarter 2026?
Delcath Systems (DCTH) reported revenue of $35.1M for the third quarter 2026 (Q3 2026), +71% from a year earlier and +20% from the quarter before.
Was Delcath Systems profitable in the third quarter 2026?
Operating profit was $7.1M (20.3% of revenue) and net earnings $7.0M.
Source: Delcath Systems 10-Q on SEC EDGAR.