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Nephros (NEPH) operating margin by quarter

Nephros' operating margin was 8.9% in Q3 2026 (third quarter 2026), -11.2 pts from Q2 2026. Over the last 7 quarters it ranged from 0.4% (Q4 2025) to 20.2% (Q2 2026).

Nephros operating margin by quarterNephros operating margin by quarter11.6%Q1 20255.6%Q2 20256.6%Q3 20250.4%Q4 20251.9%Q1 202620.2%Q2 20268.9%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20268.9%-11.2 pts+2.3 pts
Q2 202620.2%+18.3 pts+14.5 pts
Q1 20261.9%+1.5 pts-9.7 pts
Q4 20250.4%-6.2 pts—
Q3 20256.6%+1.0 pts—
Q2 20255.6%-6.0 pts—
Q1 202511.6%——

Q3 2026 at a glance

Nephros, Q3 2026: revenue $5.6M (+18% year over year), operating margin 8.9%, net earnings $512K, operating cash flow −$150K. The chart follows the revenue to costs, profit and cash.

Questions

What is Nephros' operating margin?

Nephros' operating margin was 8.9% in Q3 2026 (third quarter 2026), -11.2 pts from Q2 2026.

How has Nephros' operating margin changed?

Over the last 7 quarters it ranged from 0.4% (Q4 2025) to 20.2% (Q2 2026).

Q3 2026 results → · How Nephros makes money →