Filing Flows › Nephros (NEPH) › Q3 2026
Nephros (NEPH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Nephros (NEPH) reported revenue of $5.6M for the third quarter 2026 (Q3 2026), +18% from a year earlier and -7% from the quarter before. Operating margin was 8.9%, net earnings $512K (9.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6M | -7% | +18% |
| Gross profit | $3.3M | -18% | +13% |
| Operating profit | $501K | -59% | +60% |
| Net earnings | $512K | -57% | +52% |
| Operating cash flow | −$150K | -122% | -252% |
What changed
Revenue was $5.6M in Q3 2026, up 18% year over year and down 7% from the previous quarter. Product was the largest line at 97% of revenue. Product added $835K year over year (up 18%), 97% of the total change.
Gross margin was 58.4%, down 2.7 points from Q3 2025. Operating profit was $501K, a 8.9% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 22% reached operating profit, above the 7% margin then. Operating expenses grew 7% against revenue growth of 18%. Net earnings were $512K, up 52% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$150K. Non-cash charges added back $29K of depreciation and amortization and $60K of share-based compensation. Working capital and other items used $751K.
Questions
What was Nephros' revenue in the third quarter 2026?
Nephros (NEPH) reported revenue of $5.6M for the third quarter 2026 (Q3 2026), +18% from a year earlier and -7% from the quarter before.
Was Nephros profitable in the third quarter 2026?
Operating profit was $501K (8.9% of revenue) and net earnings $512K.
Source: Nephros 10-Q on SEC EDGAR.