Filing Flows › National Healthcare Properties (NHP) › Q3 2026 › vs Q2 2026
National Healthcare Properties (NHP) Q3 2026 vs Q2 2026 (quarter over quarter)
National Healthcare Properties's revenue rose $15.5M (+18%) from $87.5M in Q2 2026 to $103M in Q3 2026. The biggest changes: Seniors Housing Communities +$22.4M (+38%); OMF −$6.8M (-23%). Gross margin 32.5% against 38.2% (-5.7 pts).
National Healthcare Properties, Q3 2026: revenue $103M (+20% year over year), operating margin 30.9%, net earnings $17.8M, operating cash flow $15.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 32.5% | 38.2% | -5.7 pts |
| Operating margin | 30.9% | 5.8% | +25.1 pts |
| Net margin | 17.2% | -9.3% | +26.6 pts |
| Free cash flow margin | 6.6% | 18.6% | -12.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Seniors Housing Communities | $80.7M | $58.3M | $22.4M | +38% |
| OMF | $22.3M | $29.2M | −$6.8M | -23% |
| Revenue | $103M | $87.5M | $15.5M | +18% |
| Gross profit | $33.5M | $33.4M | $75K | +0.2% |
| Cost of revenue | $69.6M | $54.1M | $15.5M | +29% |
| Operating profit | $31.8M | $5.1M | $26.7M | +525% |
| Operating expenses | $1.7M | $28.3M | −$26.7M | -94% |
| Pre-tax earnings | $20.1M | −$5.3M | $25.5M | — |
| Other expense, net | $11.7M | $10.4M | $1.2M | +12% |
| Income tax benefit | $97K | −$47K | $144K | — |
| Net earnings | $17.8M | −$8.1M | $25.9M | — |
| Minority interests | $2.5M | $2.8M | −$293K | -11% |
| Operating cash sources | $44.3M | $11.3M | $33.0M | +293% |
| Depreciation & amortization | $24.4M | $17.8M | $6.6M | +37% |
| Share-based compensation | $2.1M | $1.6M | $519K | +32% |
| Working capital & other | $28.6M | −$10.3M | $38.9M | — |
| Operating cash flow | $15.7M | $21.6M | −$5.9M | -27% |
| Free cash flow (OCF − capex) | $6.8M | $16.3M | −$9.5M | -58% |
| Capital expenditures | $9.0M | $5.3M | $3.6M | +68% |
Questions
How much did National Healthcare Properties's revenue grow quarter over quarter in Q3 2026?
National Healthcare Properties's revenue rose $15.5M (+18%) from $87.5M in Q2 2026 to $103M in Q3 2026.
What drove National Healthcare Properties's revenue change in Q3 2026?
Seniors Housing Communities +$22.4M (+38%); OMF −$6.8M (-23%).