Filing Flows › Nutex Health (NUTX) › Q2 2026 › vs Q2 2025
Nutex Health (NUTX) Q2 2026 vs Q2 2025 (year over year)
Nutex Health's revenue fell $33.2M (-14%) from $244M in Q2 2025 to $211M in Q2 2026. The biggest changes: Hospital division revenue −$34.5M (-15%); Population health management division +$1.2M (+16%). Gross margin 67.0% against 51.2% (+15.8 pts).
Nutex Health, Q2 2026: revenue $211M (-14% year over year), operating margin 57.8%, net earnings $65.8M, operating cash flow $34.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 67.0% | 51.2% | +15.8 pts |
| Operating margin | 57.8% | 13.8% | +44.0 pts |
| Net margin | 31.2% | -7.3% | +38.5 pts |
| Free cash flow margin | 15.0% | 10.9% | +4.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Hospital division revenue | $202M | $236M | −$34.5M | -15% |
| Population health management division | $8.9M | $7.7M | $1.2M | +16% |
| Revenue | $211M | $244M | −$33.2M | -14% |
| Gross profit | $141M | $125M | $16.4M | +13% |
| Cost of revenue | $69.5M | $119M | −$49.6M | -42% |
| Operating profit | $122M | $33.7M | $88.0M | +261% |
| Operating expenses | $19.6M | $91.2M | −$71.7M | -79% |
| Pre-tax earnings | $117M | $23.7M | $93.4M | +393% |
| Other expense, net | $4.6M | $9.9M | −$5.3M | -53% |
| General & admin | $16.7M | $12.5M | $4.2M | +33% |
| Other operating costs | $2.9M | $78.7M | −$75.9M | -96% |
| Net earnings | $65.8M | −$17.7M | $83.5M | — |
| Minority interests | $30.5M | $33.8M | −$3.4M | -10% |
| Income tax | $20.8M | $7.6M | $13.2M | +174% |
| Depreciation & amortization | $5.3M | $5.2M | $69K | +1% |
| Working capital & other | $37.0M | $29.3M | $7.7M | +26% |
| Operating cash flow | $34.2M | $27.3M | $6.9M | +25% |
| Free cash flow (OCF − capex) | $31.7M | $26.5M | $5.2M | +19% |
| Capital expenditures | $2.5M | $751K | $1.8M | +238% |
Questions
How much did Nutex Health's revenue grow year over year in Q2 2026?
Nutex Health's revenue fell $33.2M (-14%) from $244M in Q2 2025 to $211M in Q2 2026.
What drove Nutex Health's revenue change in Q2 2026?
Hospital division revenue −$34.5M (-15%); Population health management division +$1.2M (+16%).