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How Guardian Pharmacy Services (GRDN) makes money
Guardian Pharmacy Services (GRDN) made $371M of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Of every dollar of revenue, 23¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $371M | 100.0% |
| Cost of revenue | $286M | 77.0% |
| Gross profit | $85.2M | 23.0% |
| Operating expenses | $60.2M | 16.2% |
| Operating profit | $25.1M | 6.8% |
| Income tax | $6.9M | 1.8% |
| Net earnings | $18.7M | 5.0% |
| Operating cash flow | $43.4M | 11.7% |
| Free cash flow | $39.3M | 10.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $371M | -2% |
| Q2 2026 | $352M | +2% |
| Q1 2026 | $337M | +2% |
| Q4 2025 | $398M | +17% |
| Q3 2025 | $377M | +20% |
| Q2 2025 | $344M | +15% |
| Q1 2025 | $329M | +20% |
From Guardian Pharmacy Services' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Guardian Pharmacy Services make money?
Guardian Pharmacy Services (GRDN) made $371M of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Of every dollar of revenue, 23¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.
What is Guardian Pharmacy Services' profit margin?
Net earnings were $18.7M, 5.0% of revenue, in the third quarter 2026; the operating margin was 6.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.