Filing Flows › Lantheus Holdings (LNTH) › Q1 2026
Lantheus Holdings (LNTH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Lantheus Holdings (LNTH) reported revenue of $377M for the first quarter 2026 (Q1 2026), +1% from a year earlier and -7% from the quarter before. Operating margin was 21.6%, net earnings $118M (31.4% of revenue).
Lantheus Holdings, Q1 2026: revenue $377M (+1% year over year), operating margin 21.6%, net earnings $118M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $377M | -7% | +1% |
| Gross profit | $231M | -4% | -3% |
| Operating profit | $81.3M | +5% | -20% |
| Net earnings | $118M | +119% | +62% |
| Operating cash flow | $125M | +39% | +16% |
| Free cash flow | $122M | — | +23% |
What changed
Revenue was $377.3M in Q1 2026, up 1% year over year and down 7% from the previous quarter. PYLARIFY was the largest line at 64% of revenue. Strategic Partnerships and Other added $5.6M year over year (up 52%), 122% of the total change. PYLARIFY declined 6%.
Gross margin was 61.2%, down 2.6 points from Q1 2025. Operating profit was $81.3M, a 21.6% margin (down 5.8 points year over year). Operating profit fell $20.7M even though revenue rose $4.6M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 1%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $118.4M, up 62% year over year. The effective tax rate was 24.3%. Non-operating items added $75.1M, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $125.1M (up 16% year over year), 106% of net earnings. Non-cash charges added back $22.7M of depreciation and amortization and $16.0M of share-based compensation. Working capital and other items used $32.0M. After capital expenditures ($3.2M), free cash flow as the company reports it was $121.9M.
Questions
What was Lantheus Holdings' revenue in the first quarter 2026?
Lantheus Holdings (LNTH) reported revenue of $377M for the first quarter 2026 (Q1 2026), +1% from a year earlier and -7% from the quarter before.
Was Lantheus Holdings profitable in the first quarter 2026?
Operating profit was $81.3M (21.6% of revenue) and net earnings $118M.
Source: Lantheus Holdings 10-Q on SEC EDGAR.