Filing Flows › Nutex Health (NUTX) › Q3 2026 › vs Q3 2025
Nutex Health (NUTX) Q3 2026 vs Q3 2025 (year over year)
Nutex Health's revenue fell $50.2M (-19%) from $268M in Q3 2025 to $218M in Q3 2026. The biggest changes: Hospital division revenue −$51.1M (-20%); Population health management division +$951K (+13%). Gross margin 46.7% against 57.8% (-11.2 pts).
Nutex Health, Q3 2026: revenue $218M (-19% year over year), operating margin 35.4%, net earnings $40.2M, operating cash flow $78.3M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 46.7% | 57.8% | -11.2 pts |
| Operating margin | 35.4% | 48.7% | -13.3 pts |
| Net margin | 18.5% | 20.7% | -2.2 pts |
| Free cash flow margin | 33.6% | 37.0% | -3.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Hospital division revenue | $209M | $260M | −$51.1M | -20% |
| Population health management division | $8.5M | $7.6M | $951K | +13% |
| Revenue | $218M | $268M | −$50.2M | -19% |
| Gross profit | $102M | $155M | −$53.4M | -34% |
| Cost of revenue | $116M | $113M | $3.2M | +3% |
| Operating profit | $77.1M | $130M | −$53.3M | -41% |
| Operating expenses | $24.4M | $24.5M | −$86K | -0.4% |
| Pre-tax earnings | $72.5M | $124M | −$51.4M | -41% |
| Other expense, net | $4.6M | $6.4M | −$1.9M | -29% |
| General & admin | $17.0M | $11.3M | $5.7M | +51% |
| Other operating costs | $7.4M | $13.2M | −$5.8M | -44% |
| Net earnings | $40.2M | $55.4M | −$15.2M | -27% |
| Minority interests | $17.1M | $41.4M | −$24.2M | -59% |
| Income tax | $15.2M | $27.1M | −$11.9M | -44% |
| Depreciation & amortization | $5.6M | $5.0M | $619K | +12% |
| Working capital & other | $32.5M | $16.2M | $16.3M | +101% |
| Operating cash flow | $78.3M | $99.5M | −$21.2M | -21% |
| Free cash flow (OCF − capex) | $73.1M | $99.2M | −$26.1M | -26% |
| Capital expenditures | $5.2M | $302K | $4.9M | 17× |
Questions
How much did Nutex Health's revenue grow year over year in Q3 2026?
Nutex Health's revenue fell $50.2M (-19%) from $268M in Q3 2025 to $218M in Q3 2026.
What drove Nutex Health's revenue change in Q3 2026?
Hospital division revenue −$51.1M (-20%); Population health management division +$951K (+13%).