Filing Flows › NLI Holdings (NL) › Q3 2026
NLI Holdings (NL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
NLI Holdings (NL) reported revenue of $44.0M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +0.9% from the quarter before. Operating margin was 7.1%, net earnings $12.7M (29.0% of revenue).
NLI Holdings, Q3 2026: revenue $44.0M (+10% year over year), operating margin 7.1%, net earnings $12.7M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.0M | +0.9% | +10% |
| Gross profit | $13.0M | -16% | +18% |
| Operating profit | $3.1M | -49% | +70% |
| Net earnings | $12.7M | +42% | — |
| Operating cash flow | $10.0M | -9% | +26% |
| Free cash flow | $8.4M | -14% | +22% |
What changed
Revenue was $44.0M in Q3 2026, up 10% year over year and up 1% from the previous quarter. Security Products was the largest line at 72% of revenue. Marine Components added $2.6M year over year (up 27%), 65% of the total change.
Gross margin was 29.6%, up 2.0 points from Q3 2025. Operating profit was $3.1M, a 7.1% margin (up 2.5 points year over year). Of the extra revenue versus Q3 2025, 32% reached operating profit, above the 5% margin then. Operating expenses grew 8% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $12.7M. The effective tax rate was 15.7%. Non-operating items added $12.8M, 80% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.0M (up 26% year over year), 74% of net income including minority interests. Non-cash charges added back $869K of depreciation and amortization. Working capital and other items used $4.3M. Capital expenditures of $1.6M left free cash flow of $8.4M.
Questions
What was NLI Holdings' revenue in the third quarter 2026?
NLI Holdings (NL) reported revenue of $44.0M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +0.9% from the quarter before.
Was NLI Holdings profitable in the third quarter 2026?
Operating profit was $3.1M (7.1% of revenue) and net earnings $12.7M.
Source: NLI Holdings 10-Q on SEC EDGAR.