Filing Flows › Nuwellis (NUWE) › Q2 2026
Nuwellis (NUWE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Nuwellis (NUWE) reported revenue of $2.0M for the second quarter 2026 (Q2 2026), +14% from a year earlier and -18% from the quarter before. Operating margin was -160.9%, net loss $4.8M (245.2% of revenue).
Nuwellis, Q2 2026: revenue $2.0M (+14% year over year), operating margin -160.9%, net loss $4.8M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | -18% | +14% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $2.0M in Q2 2026, up 14% year over year and down 18% from the previous quarter.
Gross margin was 76.1%, up 20.5 points from Q2 2025. Operating costs exceeded revenue by $3.2M, an operating margin of -160.9%. Operating expenses grew 21% against revenue growth of 14%. The fastest-growing cost line was Research & development (+40%). The quarter ended with a net loss of $4.8M, wider than the previous quarter's $4.5M loss.
Operating cash flow was −$3.2M. Non-cash charges added back $37K of depreciation and amortization and $22K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $9K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Nuwellis' revenue in the second quarter 2026?
Nuwellis (NUWE) reported revenue of $2.0M for the second quarter 2026 (Q2 2026), +14% from a year earlier and -18% from the quarter before.
Was Nuwellis profitable in the second quarter 2026?
Operating loss was $3.2M (-160.9% of revenue) and net loss $4.8M.
Source: Nuwellis 10-Q on SEC EDGAR.