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OSR Health (OSRH) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · OSR Health (OSRH) Q2 2026 earnings results →

Q2 2026 Revenue down 72% year over year to $316K · 318¢ of every $1 of revenue lost · operating margin -960.8%

OSR Health made $316K in Q2 2026 (-72% Y/Y). Operating margin -960.8%, net loss $1.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$316K
Year over year-72%
Operating margin-960.8%
Net earnings−$1.0M
Operating cash flow−$2.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $316K in Q2 2026, down 72% year over year and down 35% from the previous quarter.

Gross margin was 27.4%, up 24.5 points from Q2 2025. Operating costs exceeded revenue by $3.0M, an operating margin of -960.8%. Operating expenses fell 41% while revenue fell 72%. The quarter ended with a net loss of $1.0M, narrower than the previous quarter's $3.5M loss. Minority interests bore $155K of it: to shareholders the quarter was a loss of $849K. Non-operating items added $1.6M, -110% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$2.4M. Non-cash charges added back $2.4M of depreciation and amortization. Working capital and other items used $3.8M.

Quarterly history

OSR Health revenue by quarterOSR Health revenue by quarter$761KQ1 2025$1.1MQ2 2025$628KQ3 2025$381KQ4 2025$484KQ1 2026$316KQ2 2026
OSR Health net earnings by quarterOSR Health net earnings by quarter−$11.4MQ1 2025−$5.2MQ2 2025−$3.2MQ3 2025−$7.2MQ4 2025−$3.5MQ1 2026−$1.0MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$316K-72%-960.8%−$1.0M−$2.4M
Q1 202610-QMay 13, 2026$484K-36%-757.6%−$3.5M−$1.0M
Q4 202510-KMar 31, 2026$381K-58%n/m−$7.2M−$1.1M
Q3 202510-QNov 12, 2025$628K-24%-605.9%−$3.2M−$2.7M
Q2 202510-QAug 14, 2025$1.1M+29%-460.5%−$5.2M−$483K
Q1 202510-QMay 20, 2025$761K-16%-383.3%−$11.4M−$64K

Charts

OSR Health: revenue growth, year over year and quarter over quarterOSR Health: revenue growth, year over year and quarter over quarterY/YQ/Q-16%Q1 2025+29%+49%Q2 2025-24%-45%Q3 2025-58%-39%Q4 2025-36%+27%Q1 2026-72%-35%Q2 2026
Latest (Q2 2026): Y/Y -72%, Q/Q -35%.
OSR Health: where the cash came from (+) and went (−), TTM to Q2 2026OSR Health: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$7.2MOther financing$6.5MNet borrowing (+) / repaid (−)$4.2MOther investing−$3.4MExchange rates−$247KCash drawn (+) / kept (−)$85KAcquisitions$16KNot reconciled−$1
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
OSR Health: profit against cash, quarter by quarterOSR Health: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.4M−$686KQ3 2024−$1.3M−$181KQ4 2024−$11.4M−$64KQ1 2025−$5.2M−$483KQ2 2025−$3.2M−$2.7MQ3 2025−$7.2M−$1.1MQ4 2025−$3.5M−$1.0MQ1 2026−$1.0M−$2.4MQ2 2026
Latest (Q2 2026): Net income −$1.0M, Operating cash flow −$2.4M.
OSR Health: diluted shares by fiscal year (split-adjusted)OSR Health: diluted shares by fiscal year (split-adjusted)75MFY202175MFY202277MFY202322MFY202423MFY2025
-69.9% since FY2021: buybacks shrank the count; earlier years scaled for the 10-for-1 split before FY2025, 5-for-1 split before FY2023.
OSR Health in its industry: growth against margin (111 companies, SIC 3841)OSR Health in its industry: growth against margin (111 companies, SIC 3841)revenue growth, year over year →↑ operating marginmedian +10%median -9%MDLNMMMSYKBSXBDXBAXSOLVRMDDXCMWSTMMEDPODDGMEDTFXICUIMMSIIARTPENHAETNDMEMBCIRTCATECGKOSOFIXINSPNVCRUFPTATRCBVSAORTPRCTTCMDARAYANGOKIDSSKINLMATHTFLMDXGCERSSIBNTMCISTIMINFUBBNXKMTSOSURANIKDCTHRCELSGHTIRMDXTNTLUNGNPCEPDEXTELACARLLNSRSIMOBIAPYXSSIICVRXCLPTKRMDTLSIPROFSNWVCTSOIDXGUTMDRVPSNOAPREMNEPHDRIOVVOSBTCYNXGLMDAIMDNCPMINONE.SRTSSINTIVFNMTCNSPRAURXXAIRLUCDTNONINBSRNXTVTAKUSAQICUVYCOHRGNCNSYPLSEPETVFEMYCODXOBIORDGLPAVMGUTSOSRH (-72%, -100%)
Surgical & Medical Instruments & Apparatus; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About OSR Health

As a global healthcare holding company, with operations in South Korea and Switzerland and an office in the United States, we intend to leverage our existing and expanding network of academic and industry leaders and investor network, including venture capital and private equity, in major healthcare markets globally to identify, lead and support the growth of our subsidiaries and subsidiary candidates based on innovative research. Subsidiary candidates are companies that are either already existing entities or new companies formed in connection with acquiring or licensing existing assets from industry or academia. We expect to attract industry partners either as co-investors or through technology licensing deals and may raise capital directly from private, strategic or public investors.

In its own words, from its 10-K, filed Mar 31, 2026.

OSR Health against its Surgical & Medical Instruments & Apparatus peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -72% against the peers' median +5%. Operating margin: -960.8% against the peers' median 13.3%.

CompanyQuarterRevenueY/YOp. margin
OSRH OSR HealthQ2 2026$316K-72%-960.8%
MDLN MedlineQ3 2026$7.9B+10%6.4%
MMM 3MQ3 2026$6.6B+1%23.7%
SYK StrykerQ3 2026$6.5B+8%15.9%
BSX Boston ScientificQ3 2026$5.1B+1%16.1%
BDX Becton DickinsonQ3 FY26$5.0B+5%13.3%
BAX Baxter InternationalQ3 2026$3.0B+5%7.6%
SOLV SolventumQ3 2026$1.9B-7%3.5%
RMD ResMedQ1 FY27$1.4B+6%32.0%

Source: OSR Health 10-Q on SEC EDGAR · CIK 1840425 · Surgical & Medical Instruments & Apparatus

13F: who owns OSRH and who is buying

Largest holders of OSRH (13F)Largest holders of OSRH (13F)Vanguard Fiduciary Trust$47KCitadel Advisors LLC$40KJane Street Group, LLC$40KGeode Capital Management, LLC$32KVanguard Group$31KTwo Sigma Securities, LLC$15KVanguard Capital Management LLC$12KXTX Topco$10KSusquehanna International Group, …$6KNorthern Trust$3K
Funds' net buying of OSRH by quarter (13F)Funds' net buying of OSRH by quarter (13F)$118K2025-03−$4K2025-06$73K2025-09−$29K2025-12$72K2026-03$79K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OSRH

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:OSR Health(OSRH)财报

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