Filing Flows › Electromed (ELMD) › Q2 FY26
Electromed (ELMD) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 10, 2026
Electromed (ELMD) reported revenue of $18.9M for the second quarter fiscal 2026 (Q2 FY26), +16% from a year earlier and +12% from the quarter before. Operating margin was 19.2%, net earnings $2.8M (14.6% of revenue).
Electromed, Q2 FY26: revenue $18.9M (+16% year over year), operating margin 19.2%, net earnings $2.8M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.9M | +12% | +16% |
| Gross profit | $14.8M | +12% | +17% |
| Operating profit | $3.6M | +36% | +42% |
| Net earnings | $2.8M | +29% | +40% |
| Operating cash flow | $3.0M | 18× | -4% |
| Free cash flow | $2.4M | — | -18% |
What changed
Revenue was $18.9M in Q2 FY26, up 16% year over year and up 12% from the previous quarter.
Gross margin was 78.4%, up 0.7 points from Q2 FY25. Operating profit was $3.6M, a 19.2% margin (up 3.5 points year over year). Of the extra revenue versus Q2 FY25, 41% reached operating profit, above the 16% margin then. Operating expenses grew 11% against revenue growth of 16%. The fastest-growing cost line was Research & development (+53%). Net earnings were $2.8M, up 40% year over year. The effective tax rate was 26.0%.
Operating cash flow was $3.0M (down 4% year over year), 110% of net earnings. Non-cash charges added back $258K of depreciation and amortization and $656K of share-based compensation. Working capital and other items used $649K. Capital expenditures of $634K left free cash flow of $2.4M.
Questions
What was Electromed's revenue in the second quarter fiscal 2026?
Electromed (ELMD) reported revenue of $18.9M for the second quarter fiscal 2026 (Q2 FY26), +16% from a year earlier and +12% from the quarter before.
Was Electromed profitable in the second quarter fiscal 2026?
Operating profit was $3.6M (19.2% of revenue) and net earnings $2.8M.
Source: Electromed 10-Q on SEC EDGAR.