Filing Flows › NLI Holdings (NL) › Q2 2026
NLI Holdings (NL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
NLI Holdings (NL) reported revenue of $43.6M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +8% from the quarter before. Operating margin was 14.1%, net earnings $9.0M (20.5% of revenue).
NLI Holdings, Q2 2026: revenue $43.6M (+8% year over year), operating margin 14.1%, net earnings $9.0M, operating cash flow $11.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.6M | +8% | +8% |
| Gross profit | $15.5M | +17% | +21% |
| Operating profit | $6.1M | +49% | +119% |
| Net earnings | $9.0M | +106% | 25× |
| Operating cash flow | $11.0M | — | +50% |
| Free cash flow | $9.8M | — | +66% |
What changed
Revenue was $43.6M in Q2 2026, up 8% year over year and up 8% from the previous quarter. Security Products was the largest line at 76% of revenue. Security Products added $2.7M year over year (up 9%), 82% of the total change.
Gross margin was 35.6%, up 3.7 points from Q2 2025. Operating profit was $6.1M, a 14.1% margin (up 7.1 points year over year). Of the extra revenue versus Q2 2025, 103% reached operating profit, above the 7% margin then. Operating expenses fell 7% while revenue rose 8%. Net earnings were $9.0M, up 2422% year over year. The effective tax rate was 19.9%. Non-operating items added $6.2M, 50% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.0M (up 50% year over year), 111% of net income including minority interests. Non-cash charges added back $857K of depreciation and amortization. Capital expenditures of $1.1M left free cash flow of $9.8M.
Questions
What was NLI Holdings' revenue in the second quarter 2026?
NLI Holdings (NL) reported revenue of $43.6M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +8% from the quarter before.
Was NLI Holdings profitable in the second quarter 2026?
Operating profit was $6.1M (14.1% of revenue) and net earnings $9.0M.
Source: NLI Holdings 10-Q on SEC EDGAR.