Filing Flows › National Healthcare Properties (NHP) › Q3 2026
National Healthcare Properties (NHP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
National Healthcare Properties (NHP) reported revenue of $103M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +18% from the quarter before. Operating margin was 30.9%, net earnings $17.8M (17.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | +18% | +20% |
| Gross profit | $33.5M | +0.2% | +4% |
| Operating profit | $31.8M | +525% | 13× |
| Net earnings | $17.8M | — | — |
| Operating cash flow | $15.7M | -27% | +55% |
| Free cash flow | $6.8M | -58% | +21% |
What changed
Revenue was $103.1M in Q3 2026, up 20% year over year and up 18% from the previous quarter. Seniors Housing Communities was the largest line at 78% of revenue. Seniors Housing Communities added $23.7M year over year (up 42%), 139% of the total change. OMF declined 23%.
Gross margin was 32.5%, down 4.9 points from Q3 2025. Operating profit was $31.8M, a 30.9% margin (up 28.1 points year over year). Of the extra revenue versus Q3 2025, 173% reached operating profit, above the 3% margin then. Operating expenses fell 94% while revenue rose 20%. Net earnings were $17.8M. The effective tax rate was -0.5%.
Operating cash flow was $15.7M (up 55% year over year), 78% of net income including minority interests. Non-cash charges added back $24.4M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $31.1M. Capital expenditures of $9.0M left free cash flow of $6.8M.
Questions
What was National Healthcare Properties' revenue in the third quarter 2026?
National Healthcare Properties (NHP) reported revenue of $103M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +18% from the quarter before.
Was National Healthcare Properties profitable in the third quarter 2026?
Operating profit was $31.8M (30.9% of revenue) and net earnings $17.8M.