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NRC Health (NRC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
NRC Health (NRC) reported revenue of $34.8M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -1% from the quarter before. Operating margin was 16.0%, net earnings $3.2M (9.3% of revenue).
NRC Health, Q1 2026: revenue $34.8M (+4% year over year), operating margin 16.0%, net earnings $3.2M, operating cash flow $7.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.8M | -1% | +4% |
| Operating profit | $5.6M | +19% | -35% |
| Net earnings | $3.2M | +79% | -44% |
| Operating cash flow | $7.2M | 0% | +8% |
| Free cash flow | $5.3M | — | +46% |
What changed
Revenue was $34.8M in Q1 2026, up 4% year over year and down 1% from the previous quarter.
Operating profit was $5.6M, a 16.0% margin (down 9.6 points year over year). Operating profit fell $3.0M even though revenue rose $1.3M versus Q1 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 4%. The fastest-growing cost line was SG&A (+30%). Net earnings were $3.2M, down 44% year over year. The effective tax rate was 26.4%.
Operating cash flow was $7.2M (up 8% year over year), 223% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $1.6M of share-based compensation. After capital expenditures ($1.8M), free cash flow as the company reports it was $5.3M.
Questions
What was NRC Health's revenue in the first quarter 2026?
NRC Health (NRC) reported revenue of $34.8M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -1% from the quarter before.
Was NRC Health profitable in the first quarter 2026?
Operating profit was $5.6M (16.0% of revenue) and net earnings $3.2M.
Source: NRC Health 10-Q on SEC EDGAR.