Filing Flows › Nephros (NEPH) › How it makes money
How Nephros (NEPH) makes money
Nephros (NEPH) made $5.6M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Product brought in $5.4M (97%); Service Royalty and Other Revenues brought in $191K (3%). Of every dollar of revenue, 58¢ was left as gross profit, 9¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $5.4M | 96.6% | -5% | +18% |
| Service Royalty and Other Revenues | $191K | 3.4% | -40% | +14% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $5.6M | 100.0% |
| Cost of revenue | $2.3M | 41.6% |
| Gross profit | $3.3M | 58.4% |
| Operating expenses | $2.8M | 49.5% |
| Operating profit | $501K | 8.9% |
| Net earnings | $512K | 9.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $5.6M | +18% |
| Q2 2026 | $6.0M | +36% |
| Q1 2026 | $5.2M | +7% |
| Q4 2025 | $4.7M | +22% |
| Q3 2025 | $4.8M | +35% |
| Q2 2025 | $4.4M | +36% |
| Q1 2025 | $4.9M | +38% |
From Nephros' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Nephros make money?
Nephros (NEPH) made $5.6M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Product brought in $5.4M (97%); Service Royalty and Other Revenues brought in $191K (3%). Of every dollar of revenue, 58¢ was left as gross profit, 9¢ was left as operating profit, 9¢ was left as net earnings.
What is Nephros' biggest business?
Product: $5.4M in the third quarter 2026, 97% of revenue, +18% from a year earlier.
What is Nephros' profit margin?
Net earnings were $512K, 9.1% of revenue, in the third quarter 2026; the operating margin was 8.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.