Nephros Q1 net revenue up 7% to $5.2M; net income falls to $140K; tariffs hit margins

NEPHROS INC

2026-Q1 EPS reported $0.01 revenue$5,212,000

Net revenue $5.2M (+7% YoY); programmatic revenue up 23% YoY.
Net income of $140K vs $558K in Q1 2025; adjusted EBITDA $206K vs $667K.
Gross margin fell to 57% from 65%, pressured by ~$200K in tariffs and Euro strength.
Commercial mix shift (ice machines, fountains) expands addressable market but lowers near-term margins.
Cash $4.0M, no debt; conference call at 4:30pm ET today.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

NEPHROS INC reported first quarter ended March 31, 2026 results: revenue $5.2 million, net income $140,000.

Period: first quarter ended March 31, 2026
Revenue: $5.2 million
Net income: $140,000
Result: reported results

Exact text from the filing

Net revenue was $5.2 million, compared to $4.9 million in the first quarter of 2025, up 7% ● Net income was $140,000, compared to a net income of $558,000 in the first quarter of 2025

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Source: SEC EDGAR

accession 0001493152-26-021734

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