Filing Flows › Strata Critical Medical (SRTA) › Q3 2026
Strata Critical Medical (SRTA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Strata Critical Medical (SRTA) reported revenue of $74.1M for the third quarter 2026 (Q3 2026), +50% from a year earlier and +2% from the quarter before. Operating margin was -5.2%, net loss $7.6M (10.3% of revenue).
Strata Critical Medical, Q3 2026: revenue $74.1M (+50% year over year), operating margin -5.2%, net loss $7.6M, operating cash flow $9.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.1M | +2% | +50% |
| Operating profit | −$3.8M | — | — |
| Net earnings | −$7.6M | — | -113% |
| Operating cash flow | $9.5M | +66% | — |
| Free cash flow | $8.6M | — | — |
What changed
Revenue was $74.1M in Q3 2026, up 50% year over year and up 2% from the previous quarter. Logistics was the largest line at 61% of revenue. Clinical added $26.4M year over year (up 946%), 106% of the total change. Logistics declined 3%.
Gross margin was 22.7%, up 1.1 points from Q3 2025. Operating costs exceeded revenue by $3.8M, an operating margin of -5.2%. Operating expenses grew 27% against revenue growth of 50%. The fastest-growing cost line was Other operating costs (+1414%). The quarter ended with a net loss of $7.6M, narrower than the previous quarter's $10.5M loss.
Operating cash flow was $9.5M. Non-cash charges added back $7.3M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $4.7M. After capitalized software development costs ($415K) and purchase of property and equipment, net of proceeds from disposal ($400K), free cash flow as the company reports it was $8.6M.
Questions
What was Strata Critical Medical's revenue in the third quarter 2026?
Strata Critical Medical (SRTA) reported revenue of $74.1M for the third quarter 2026 (Q3 2026), +50% from a year earlier and +2% from the quarter before.
Was Strata Critical Medical profitable in the third quarter 2026?
Operating loss was $3.8M (-5.2% of revenue) and net loss $7.6M.