Financial Statements — NEPH
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.70 | 4.02 | 5.17 | 5.07 | 4.08 | 2.46 | 3.08 | 3.63 | 4.62 | 4.06 | 3.84 | 3.94 | 4.18 | 5.42 | 7.35 | 8.28 | 8.16 |
| Accounts Receivable | 4.10 | 3.52 | 2.66 | 2.04 | 2.68 | 1.69 | 1.88 | 1.52 | 1.44 | 1.58 | 1.96 | 1.37 | 2.13 | 1.29 | 1.56 | 1.38 | 1.72 |
| Inventory | 4.55 | 3.62 | 2.74 | 2.24 | 1.95 | 3.10 | 2.80 | 2.78 | 2.27 | 2.13 | 2.35 | 3.49 | 4.66 | 4.68 | 4.65 | 5.09 | 4.68 |
| Total Current Assets | 13.60 | 11.50 | 10.71 | 9.58 | 8.99 | 7.36 | 7.93 | 8.13 | 8.51 | 7.91 | 8.32 | 9.12 | 11.12 | 11.66 | 13.62 | 14.84 | 14.67 |
| Property, Plant & Equipment | 0.08 | 0.10 | 0.12 | 0.13 | 0.14 | 0.17 | 0.19 | 0.14 | 0.09 | 0.10 | 0.11 | 0.13 | 0.45 | 0.38 | 0.38 | 0.30 | 0.31 |
| Goodwill | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 | 0.76 |
| Intangible Assets | 0.30 | 0.31 | 0.33 | 0.33 | 0.34 | 0.36 | 0.37 | 0.37 | 0.39 | 0.40 | 0.41 | 0.43 | 1.46 | 1.50 | 1.57 | 0.49 | 0.50 |
| Total Non-current Assets* | 2.17 | 2.30 | 2.54 | 2.67 | 2.79 | 3.03 | 3.17 | 3.29 | 2.41 | 2.47 | 2.60 | 2.22 | 3.83 | 3.87 | 4.20 | 3.15 | 3.27 |
| Total Assets | 15.77 | 13.79 | 13.25 | 12.24 | 11.78 | 10.39 | 11.10 | 11.42 | 10.92 | 10.39 | 10.93 | 11.34 | 14.95 | 15.53 | 17.82 | 17.99 | 17.94 |
| Accounts Payable | 1.97 | 1.46 | 0.94 | 0.63 | 0.56 | 0.40 | 1.16 | 1.11 | 0.81 | 0.30 | 0.72 | 0.78 | 1.41 | 0.90 | 0.64 | 1.10 | 0.50 |
| Total Current Liabilities | 3.34 | 2.53 | 2.47 | 1.77 | 1.52 | 1.06 | 1.95 | 1.93 | 1.83 | 1.20 | 1.42 | 1.55 | 2.11 | 1.75 | 1.82 | 2.17 | 1.41 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.14 | 0.21 | 0.28 | 0.41 | 0.47 | 0.53 |
| Total Non-current Liabilities* | 0.46 | 0.57 | 0.77 | 0.87 | 0.97 | 1.15 | 1.22 | 1.31 | 0.47 | 0.53 | 0.62 | 0.20 | 0.36 | 0.38 | 0.67 | 0.83 | 0.99 |
| Total Liabilities | 3.80 | 3.09 | 3.24 | 2.64 | 2.49 | 2.21 | 3.17 | 3.24 | 2.30 | 1.73 | 2.03 | 1.75 | 2.47 | 2.13 | 2.49 | 3.00 | 2.40 |
| Retained Earnings | (141.80) | (143.00) | (143.20) | (143.54) | (143.77) | (144.68) | (144.86) | (144.57) | (143.75) | (143.57) | (143.14) | (141.98) | (138.83) | (137.69) | (134.68) | (133.52) | (132.40) |
| Total Stockholder Equity* | 11.97 | 10.70 | 10.01 | 9.60 | 9.29 | 8.17 | 7.93 | 8.18 | 8.62 | 8.65 | 8.89 | 6.30 | 9.22 | 10.16 | 12.28 | 11.94 | 12.48 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 6.02 | 5.21 | 4.73 | 4.76 | 4.42 | 4.88 | 3.87 | 3.52 | 3.25 | 3.52 | 3.25 | 3.74 | 3.55 | 3.70 | 2.50 | 2.41 | 2.88 | 2.19 | 2.77 | 2.64 |
| Cost of Revenue | 1.99 | 2.22 | 1.97 | 1.85 | 1.62 | 1.72 | 1.40 | 1.37 | 1.34 | 1.34 | 1.23 | 1.55 | 1.47 | 1.59 | 0.91 | 1.65 | 1.52 | 1.16 | 1.30 | 1.23 |
| Gross Profit | 4.03 | 2.99 | 2.76 | 2.92 | 2.80 | 3.15 | 2.48 | 2.15 | 1.91 | 2.19 | 2.02 | 2.19 | 2.08 | 2.11 | 1.58 | 0.76 | 1.36 | 1.02 | 1.47 | 1.41 |
| Research & Development | 0.37 | 0.35 | 0.40 | 0.34 | 0.31 | 0.30 | 0.25 | 0.19 | 0.25 | 0.21 | 0.21 | 0.21 | 0.22 | 0.24 | (0.01) | 0.25 | 0.43 | 0.58 | 0.49 | 0.63 |
| Selling, General & Admin | 2.42 | 2.52 | 2.32 | 2.23 | 2.20 | 2.25 | 1.87 | 1.72 | 1.94 | 2.14 | 2.41 | 2.14 | 2.24 | 2.12 | 1.43 | 1.74 | 2.07 | 2.35 | 1.97 | 1.89 |
| Total Operating Expenses | 2.81 | 2.90 | 2.74 | 2.60 | 2.55 | 2.59 | 2.16 | 1.94 | 2.23 | 2.39 | 2.67 | 2.40 | 2.51 | 2.42 | 1.48 | 2.04 | 2.57 | 2.98 | 2.51 | 2.57 |
| Operating Income | 1.21 | 0.10 | 0.02 | 0.31 | 0.25 | 0.57 | 0.32 | 0.21 | (0.32) | (0.20) | (0.65) | (0.20) | (0.43) | (0.31) | 0.10 | (1.28) | (1.20) | (1.95) | (1.04) | (1.16) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Pretax Income | 1.21 | -- | 0.06 | 0.34 | 0.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | -- | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Net Income | 1.20 | 0.14 | 0.06 | 0.34 | 0.24 | 0.56 | 0.35 | 0.18 | (0.29) | (0.17) | (0.65) | (0.18) | (0.43) | (0.31) | (0.85) | (3.23) | (1.14) | (1.97) | (1.04) | (1.16) |
| Basic EPS | 0.11 | 0.01 | 0.01 | 0.03 | 0.02 | 0.05 | 0.04 | 0.02 | (0.03) | (0.02) | (0.06) | (0.02) | (0.04) | (0.03) | (0.10) | (0.31) | (0.12) | (0.20) | -- | -- |
| Diluted EPS | 0.11 | 0.01 | 0.01 | 0.03 | 0.02 | 0.05 | 0.04 | 0.02 | (0.03) | (0.02) | (0.06) | (0.02) | (0.04) | -- | -- | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 0.68 | (1.67) | 0.23 | 0.10 | 0.99 | 0.32 | 1.30 | (0.62) | (0.50) | (0.67) | (0.24) | 0.56 | 0.23 | 0.28 | (0.19) | (0.17) | (1.07) | (1.80) | (0.33) | (0.91) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.06 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.10 | 0.03 | 0.00 | 0.01 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | 1.30 | (0.62) | (0.56) | -- | -- | -- | -- | -- | (0.19) | (0.17) | (1.17) | (1.83) | (0.33) | (0.92) |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | (0.05) | -- | -- | -- | -- | -- | 0.00 | 0.00 | (0.10) | (0.03) | 0.00 | (0.06) |
| Financing Cash Flow | -0.00 | 0.29 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | (0.07) | (0.11) | (0.07) | (0.07) | 0.28 | (0.04) | 0.05 |
* Derived from reported values
