Filing Flows › Natural Alternatives International (NAII) › Q3 FY26
Natural Alternatives International (NAII) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 19, 2026
Natural Alternatives International (NAII) reported revenue of $35.5M for the third quarter fiscal 2026 (Q3 FY26), +23% from a year earlier and +2% from the quarter before. Operating margin was -11.3%, net loss $4.3M (12.1% of revenue).
Natural Alternatives International, Q3 FY26: revenue $35.5M (+23% year over year), operating margin -11.3%, net loss $4.3M, operating cash flow $2.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.5M | +2% | +23% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | $2.5M | — | -58% |
| Free cash flow | $1.4M | — | -73% |
What changed
Revenue was $35.5M in Q3 FY26, up 23% year over year and up 2% from the previous quarter.
Gross margin was 1.1%, down 5.3 points from Q3 FY25. Operating costs exceeded revenue by $4.0M, an operating margin of -11.3%. Operating expenses grew 12% against revenue growth of 23%. The quarter ended with a net loss of $4.3M, wider than the previous quarter's $2.6M loss.
Operating cash flow was $2.5M (down 58% year over year). Non-cash charges added back $1.2M of depreciation and amortization and $140K of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $1.1M left free cash flow of $1.4M.
Questions
What was Natural Alternatives International's revenue in the third quarter fiscal 2026?
Natural Alternatives International (NAII) reported revenue of $35.5M for the third quarter fiscal 2026 (Q3 FY26), +23% from a year earlier and +2% from the quarter before.
Was Natural Alternatives International profitable in the third quarter fiscal 2026?
Operating loss was $4.0M (-11.3% of revenue) and net loss $4.3M.
Source: Natural Alternatives International 10-Q on SEC EDGAR.