Filing Flows › National Healthcare Properties (NHP) › Q2 2026
National Healthcare Properties (NHP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
National Healthcare Properties (NHP) reported revenue of $87.5M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +1% from the quarter before. Operating margin was 5.8%, net loss $5.4M (6.2% of revenue).
National Healthcare Properties, Q2 2026: revenue $87.5M (+3% year over year), operating margin 5.8%, net loss $5.4M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.5M | +1% | +3% |
| Operating profit | $5.1M | -50% | — |
| Net earnings | −$5.4M | — | — |
| Operating cash flow | $21.6M | +140% | +168% |
| Free cash flow | $16.3M | +334% | 12× |
What changed
Revenue was $87.5M in Q2 2026, up 3% year over year and up 1% from the previous quarter. Seniors Housing Communities was the largest line at 67% of revenue. Seniors Housing Communities added $2.3M year over year (up 4%), 103% of the total change.
Gross margin was 38.2%, up 1.7 points from Q2 2025. Operating profit was $5.1M, a 5.8% margin (up 12.3 points year over year). Operating expenses fell 23% while revenue rose 3%. The fastest-growing cost line was General & admin (+30%). The quarter ended with a net loss of $5.4M, wider than the previous quarter's $4.3M loss. Net interest and other expense of $10.4M was the main reason.
Operating cash flow was $21.6M (up 168% year over year). Non-cash charges added back $17.8M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $7.6M. Capital expenditures of $5.3M left free cash flow of $16.3M.
Questions
What was National Healthcare Properties' revenue in the second quarter 2026?
National Healthcare Properties (NHP) reported revenue of $87.5M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +1% from the quarter before.
Was National Healthcare Properties profitable in the second quarter 2026?
Operating profit was $5.1M (5.8% of revenue) and net loss $5.4M.