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Medical Exercise (MDXR) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Aug 19, 2026 · Medical Exercise (MDXR) Q1 FY27 earnings results →
Medical Exercise made $1K in Q1 FY27. Operating margin n/m, net loss $53K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1K in Q1 FY27.
Gross margin was 100.0%. Operating costs exceeded revenue by $53K, an operating margin of -5276.9%. The quarter ended with a net loss of $53K.
Operating cash flow was −$47K. Non-cash charges added back $1K of depreciation and amortization. Working capital and other items added $5K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Aug 19, 2026 | $1K | — | n/m | −$53K | −$47K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Medical Exercise
During the fiscal year ended March 31, 2026, Medical Exercise Inc. (the "Company," "we," "us," or "our") executed a comprehensive strategic pivot from its legacy direct owner/operator clinic model to an international franchising model. Historically, the Company owned and operated spinal care and back pain clinics—including a trial clinical operation in North Palm Beach, Florida—relying on localized operations, direct property management, and proprietary mechanical spinal strengthening technology. Following a strategic review, management identified significant scaling constraints in the legacy model, including high capital expenditure requirements, localized labor pressures, and high operational friction. Concurrently, management identified accelerating consumer demand within the global preventative health, wellness, and healthy lifespan sectors.
In its own words, from its 10-K, filed Jun 29, 2026.
Medical Exercise against its Services-Health Services peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MDXR Medical Exercise | Q1 FY27 | $1K | — | n/m |
| PRVA Privia Health Group | Q3 2026 | $657M | +13% | 3.1% |
| LFST LifeStance Health Group | Q3 2026 | $456M | +25% | 7.3% |
| PIII P3 Health Partners | Q2 2026 | $386M | +9% | 10.7% |
| PNTG Pennant Group | Q3 2026 | $302M | +32% | 5.5% |
| INNV InnovAge Holding | Q1 FY27 | $265M | +12% | 7.6% |
| USPH U S Physical Therapy | Q3 2026 | $223M | +13% | 11.3% |
| WGS GeneDx Holdings | Q2 2026 | $114M | +11% | -15.3% |
| OMDA Omada Health | Q3 2026 | $91.3M | +34% | 5.3% |
Source: Medical Exercise 10-Q on SEC EDGAR · CIK 2001249 · Services-Health Services
More on MDXR
History
Every quarter: Q1 FY27 results