Nephros Inc income statement
In fiscal 2025, Nephros Inc reported revenue of $18.8m, up 32.7% on the year before, operating income of $1.1m (a 6.1% margin) and net income of $1.2m, or $0.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 6 | 10 | 9 | 10 | 10 | 14 | 14 | 19 | 21 |
| Cost of revenue | — | — | — | — | — | — | — | 2 | 2 | 4 | 4 | 5 | 5 | 6 | 5 | 7 | 8 |
| Gross profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 6 | 5 | 6 | 5 | 8 | 9 | 12 | 13 |
| Research and development | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling, general and administrative | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 5 | 6 | 6 | 7 | 8 | 9 | 8 | 9 | 9 |
| Operating income | −2 | −2 | −3 | −3 | −3 | −3 | −3 | −2 | −3 | −3 | −4 | −3 | −4 | −2 | 0 | 1 | 2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Income before tax | — | — | — | — | — | — | −3 | −3 | −3 | −3 | −5 | — | — | −2 | 0 | 1 | — |
| Income tax | — | — | — | — | — | — | — | −2 | −0 | −0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 4 | −7 | −7 | 1 | −7 | −3 | −3 | −1 | −3 | −3 | −5 | −4 | −7 | −2 | 0 | 1 | 2 |
| Diluted EPS | $4.18 | −$7.29 | −$0.59 | −$1.62 | −$2.79 | −$0.09 | −$0.06 | −$0.02 | −$0.50 | −$0.45 | −$0.52 | −$0.41 | −$0.73 | −$0.15 | $0.01 | $0.11 | $0.16 |
| Diluted shares (average) | — | — | 1m | 2m | 3m | 4m | 5m | 6m | 7m | 8m | 9m | 10m | 10m | 10m | 11m | 11m | 11m |
| EBITDA | −2 | −2 | −3 | −3 | −3 | −3 | −3 | −2 | −3 | −3 | −4 | −3 | −4 | −1 | 0 | 1 | 2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,518 | 3,870 | 4,877 | 4,419 | 4,764 | 4,729 | 5,212 | 6,017 |
| Cost of revenue | 1,369 | 1,395 | 1,723 | 1,624 | 1,849 | 1,968 | 2,219 | 1,991 |
| Gross profit | 2,149 | 2,475 | 3,154 | 2,795 | 2,915 | 2,761 | 2,993 | 4,026 |
| Research and development | 188 | 252 | 295 | 311 | 338 | 395 | 346 | 366 |
| Selling, general and administrative | 1,721 | 1,872 | 2,254 | 2,201 | 2,229 | 2,316 | 2,521 | 2,418 |
| Operating income | 206 | 317 | 566 | 248 | 314 | 18 | 97 | 1,213 |
| Interest expense | 0 | 0 | — | 1 | 0 | 0 | — | 1 |
| Income before tax | 183 | 364 | — | 246 | 340 | 62 | — | 1,210 |
| Income tax | 0 | 15 | 0 | 9 | 3 | 0 | 0 | 13 |
| Net income | 183 | 349 | 558 | 237 | 337 | 62 | 140 | 1,197 |
| Diluted EPS | $0.02 | $0.04 | $0.05 | $0.02 | $0.03 | $0.01 | $0.01 | $0.11 |
| EBITDA | 240 | 351 | 605 | 283 | 348 | 50 | 126 | 1,242 |
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