Nephros, Inc. (NEPH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.21M | 4.73M | 4.76M | 4.42M | 4.88M | 3.87M | 3.52M | 3.25M | 3.52M | 3.25M | 3.74M | 3.54M | 3.7M | 2.56M | 2.41M | 2.85M | 2.16M | 2.77M | 2.58M | 2.27M |
| Revenue Growth % | 6.87% | 22.2% | 35.42% | 35.89% | 38.47% | 18.93% | -5.99% | -8.27% | -4.73% | 27.21% | 55.33% | 24.39% | 71.24% | -7.49% | -6.56% | 25.77% | -21.09% | 18.47% | 21.55% | 43.69% |
| Cost of Goods Sold | 2.25M | 2.11M | 1.85M | 1.62M | 1.72M | 1.4M | 1.37M | 1.34M | 1.33M | 1.23M | 1.55M | 1.53M | 1.59M | 1.05M | 1.65M | 1.46M | 1.11M | 1.3M | 1.22M | 991K |
| COGS % of Revenue | 43.13% | 44.58% | 38.81% | 36.75% | 35.33% | 36.05% | 38.91% | 41.21% | 37.9% | 37.89% | 41.37% | 43.19% | 42.9% | 41.01% | 68.37% | 51.05% | 51.23% | 46.87% | 47.25% | 43.73% |
| Gross Profit | 2.96M | 2.62M | 2.92M | 2.79M | 3.15M | 2.48M | 2.15M | 1.91M | 2.19M | 2.02M | 2.19M | 2.01M | 2.11M | 1.51M | 762K | 1.4M | 1.05M | 1.47M | 1.36M | 1.27M |
| Gross Margin % | 56.87% | 55.42% | 61.19% | 63.25% | 64.67% | 63.95% | 61.09% | 58.79% | 62.1% | 62.11% | 58.63% | 56.81% | 57.1% | 58.99% | 31.63% | 48.95% | 48.77% | 53.13% | 52.75% | 56.27% |
| Gross Profit Growth % | -6.02% | 5.9% | 35.64% | 46.18% | 44.22% | 22.46% | -2.05% | -5.06% | 3.6% | 33.93% | 187.93% | 44.37% | 100.47% | 2.72% | -43.97% | 9.41% | -33.65% | 12.83% | 11.02% | 42.46% |
| Operating Expenses | 2.87M | 2.6M | 2.6M | 2.55M | 2.59M | 2.16M | 1.94M | 2.23M | 2.39M | 2.67M | 2.4M | 2.45M | 2.42M | 2.2M | 2.04M | 2.21M | 2.6M | 2.51M | 2.16M | 2.39M |
| OpEx % of Revenue | 55.01% | 55.04% | 54.6% | 57.64% | 53.07% | 55.76% | 55.23% | 68.54% | 67.77% | 82.05% | 64.06% | 69.08% | 65.38% | 86.08% | 84.81% | 77.51% | 120.43% | 90.67% | 83.86% | 105.56% |
| Selling, General & Admin | 2.52M | 2.32M | 2.23M | 2.2M | 2.25M | 1.87M | 1.72M | 1.94M | 2.14M | 2.41M | 2.14M | 2.23M | 2.12M | 1.79M | 1.74M | 1.89M | 2.18M | 1.97M | 1.72M | 1.85M |
| SG&A % of Revenue | 48.37% | 48.97% | 46.79% | 49.81% | 46.22% | 48.37% | 48.92% | 59.69% | 60.82% | 74.09% | 57.11% | 62.85% | 57.45% | 69.86% | 72.35% | 66.14% | 100.83% | 71.07% | 66.64% | 81.82% |
| Research & Development | 346K | 395K | 338K | 311K | 295K | 252K | 188K | 254K | 212K | 208K | 205K | 221K | 239K | 359K | 252K | 273K | 372K | 491K | 395K | 487K |
| R&D % of Revenue | 6.64% | 8.35% | 7.09% | 7.04% | 6.05% | 6.51% | 5.34% | 7.81% | 6.02% | 6.39% | 5.48% | 6.23% | 6.46% | 14.03% | 10.46% | 9.58% | 17.23% | 17.76% | 15.32% | 21.49% |
| Other Operating Expenses | 0 | -108K | 34K | 35K | 39K | 34K | 34K | 34K | 33K | 51K | 55K | 0 | 54K | 56K | 48K | 51K | 51K | 51K | 49K | 51K |
| Operating Income | 97K | 18K | 314K | 248K | 566K | 317K | 206K | -317K | -200K | -649K | -203K | -435K | -306K | -693K | -1.28M | -814K | -1.55M | -1.04M | -802K | -1.12M |
| Operating Margin % | 1.86% | 0.38% | 6.59% | 5.61% | 11.61% | 8.19% | 5.86% | -9.75% | -5.68% | -19.94% | -5.42% | -12.27% | -8.28% | -27.09% | -53.18% | -28.56% | -71.65% | -37.54% | -31.11% | -49.29% |
| Operating Income Growth % | -82.86% | -94.32% | 52.43% | 178.23% | 383% | 148.84% | 201.48% | 27.13% | 34.64% | 6.35% | 84.15% | 46.56% | 80.22% | 33.24% | -59.73% | 27.13% | -51.96% | -44.37% | 13.95% | 30.1% |
| EBITDA | 126K | 49K | 348K | 283K | 606K | 353K | 240K | -283K | -166K | -598K | -147K | -382K | -252K | -546K | -1.18M | -710K | -1.46M | -948K | -749K | -1.06M |
| EBITDA Margin % | 2.42% | 1.04% | 7.3% | 6.4% | 12.43% | 9.12% | 6.82% | -8.7% | -4.71% | -18.38% | -3.93% | -10.78% | -6.82% | -21.34% | -49.02% | -24.91% | -67.39% | -34.29% | -29.05% | -46.82% |
| EBITDA Growth % | -79.21% | -86.12% | 45% | 200% | 465.06% | 159.03% | 263.27% | 25.92% | 34.13% | -9.52% | 87.55% | 46.2% | 82.68% | 42.41% | -57.68% | 33.08% | -50.78% | -42.56% | 14.79% | 31.42% |
| D&A (Non-Cash Add-back) | 29K | 31K | 34K | 35K | 40K | 36K | 34K | 34K | 34K | 51K | 56K | 53K | 54K | 147K | 100K | 104K | 92K | 90K | 53K | 56K |
| EBIT | 97K | 1K | 340K | 247K | 558K | 364K | 183K | -289K | -168K | -653K | -182K | -433K | -305K | -716K | -1.25M | -741K | -1.55M | -1.03M | -792K | -1.11M |
| Net Interest Income | 32K | 54K | 41K | 30K | 13K | 28K | 20K | 21K | 24K | 27K | 11K | 13K | 11K | 4K | 0 | -5K | -5K | -5K | -8K | -8K |
| Interest Income | 32K | 54K | 41K | 31K | 13K | 28K | 20K | 21K | 25K | 28K | 11K | 13K | 12K | 7K | 4K | 1K | 2K | 2K | 2K | 3K |
| Interest Expense | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 1K | 1K | 0 | 0 | 1K | 3K | 4K | 6K | 7K | 7K | 10K | 11K |
| Other Income/Expense | 43K | 44K | 26K | -2K | -8K | 47K | -23K | 28K | 31K | -5K | 21K | 2K | 0 | -26K | 31K | 67K | -14K | -4K | 0 | -9K |
| Pretax Income | 140K | 62K | 340K | 246K | 558K | 364K | 183K | -289K | -169K | -654K | -182K | -433K | -306K | -719K | -1.25M | -747K | -1.56M | -1.04M | -802K | -1.13M |
| Pretax Margin % | 2.69% | 1.31% | 7.14% | 5.57% | 11.44% | 9.41% | 5.2% | -8.89% | -4.8% | -20.1% | -4.86% | -12.21% | -8.28% | -28.11% | -51.89% | -26.21% | -72.3% | -37.69% | -31.11% | -49.69% |
| Income Tax | 0 | 0 | 3K | 9K | 0 | 15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0.88% | 3.66% | 0% | 4.12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 140K | 62K | 337K | 237K | 558K | 349K | 183K | -289K | -169K | -654K | -182K | -433K | -306K | -918K | -3.23M | -1.2M | -2.03M | -1.1M | -1.22M | -1.19M |
| Net Margin % | 2.69% | 1.31% | 7.07% | 5.36% | 11.44% | 9.02% | 5.2% | -8.89% | -4.8% | -20.1% | -4.86% | -12.21% | -8.28% | -35.89% | -134.12% | -42.21% | -94.03% | -39.89% | -47.4% | -52.34% |
| Net Income Growth % | -74.91% | -82.23% | 84.15% | 182.01% | 430.18% | 153.36% | 200.55% | 33.26% | 44.77% | 28.76% | 94.37% | 64.01% | 84.93% | 16.77% | -164.4% | -1.43% | -240.6% | -34.51% | -13.99% | 30.93% |
| Net Income (Continuing) | 140K | 62K | 337K | 237K | 558K | 349K | 183K | -289K | -169K | -654K | -182K | -433K | -306K | -719K | -1.25M | -747K | -1.56M | -1.04M | -802K | -1.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -129K | -1000K | -390K | -406K | 0 | -360K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.29M | 3.28M | 3.26M | 3.24M | 3.05M | 3.05M | 3.05M |
| EPS (Diluted) | 0.01 | 0.01 | 0.03 | 0.02 | 0.05 | 0.03 | 0.02 | -0.03 | -0.02 | -0.06 | -0.02 | -0.04 | -0.03 | -0.09 | -0.31 | -0.11 | -0.20 | -0.11 | -0.12 | -0.12 |
| EPS Growth % | -75.86% | -83.38% | 76.3% | 179.64% | 426.71% | 153.39% | 199.43% | 34.52% | 45.97% | 32.39% | 94.39% | 61.82% | 85.1% | 16.64% | -158.33% | 8.33% | -231.67% | -21.28% | 0% | 36.84% |
| EPS (Basic) | 0.01 | 0.01 | 0.03 | 0.02 | 0.05 | 0.03 | 0.02 | -0.03 | -0.02 | -0.06 | -0.02 | -0.04 | -0.03 | -0.09 | -0.31 | -0.11 | -0.20 | -0.11 | -0.12 | -0.12 |
| Diluted Shares Outstanding | 10.99M | 10.97M | 11.04M | 10.81M | 10.62M | 10.56M | 10.58M | 10.51M | 10.5M | 10.54M | 10.46M | 10.3M | 10.3M | 10.3M | 10.3M | 10.3M | 10.21M | 10.04M | 10.04M | 9.94M |
| Basic Shares Outstanding | 10.65M | 10.61M | 10.61M | 10.6M | 10.6M | 10.54M | 10.54M | 10.51M | 10.5M | 10.54M | 10.46M | 10.3M | 10.3M | 10.3M | 10.3M | 10.3M | 10.21M | 10.04M | 10.04M | 9.94M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |