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NASDAQ · Health care

Nephros Inc (NEPH)

Nephros Inc brought in $20.7M of revenue over the twelve months to June 30, 2026, up 24.2% from a year earlier. Net income was $1.7M, a net margin of 8.4%. At June 30, 2026 it held $4.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 10, 2026.

Price
$4.23
+0.71% on the day · September 25, 2026
52-week range $2.66 to $6.42
Market cap
$45.9M
Revenue (last 12 months)
$20.7M
+24.2% year on year
Net margin
8.4%
P/E
38.5
on FY2025 diluted EPS

What Nephros Inc does

Nephros Inc is registered with the SEC under industry code SIC 3841 (Surgical & Medical Instruments & Apparatus). Its shares trade on NASDAQ under the ticker NEPH.

Revenue and profit by year

Revenue
FY18: $5.7M $5.7M FY18FY19: $10.3M $10.3M FY19FY20: $8.6M $8.6M FY20FY21: $10.2M $10.2M FY21FY22: $10M $10M FY22FY23: $14.2M $14.2M FY23FY24: $14.2M $14.2M FY24FY25: $18.8M $18.8M FY25
Net income
FY18: -$3.4M -$3.4M FY18FY19: -$3.2M -$3.2M FY19FY20: -$4.5M -$4.5M FY20FY21: -$3.9M -$3.9M FY21FY22: -$7.4M -$7.4M FY22FY23: -$1.6M -$1.6M FY23FY24: $74K $74K FY24FY25: $1.2M $1.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$18.8M$1.1M$1.2M$0.11n/a
2024$14.2M$6K$74K$0.01-$547K
2023$14.2M-$1.6M-$1.6M-$0.15$752K
2022$10M-$4.3M-$7.4M-$0.73-$3.4M
2021$10.2M-$3.3M-$3.9M-$0.41-$1.5M
2020$8.6M-$4.3M-$4.5M-$0.52-$7.1M

Latest SEC filings

What Nephros Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 16, 2026
  2. September 16, 2026
  3. August 10, 2026
    Quarterly report 10-Q · period to June 30, 2026
  4. August 6, 2026
  5. June 15, 2026
  6. May 7, 2026
  7. May 7, 2026
    Quarterly report 10-Q · period to March 31, 2026
  8. April 30, 2026
    Annual report (amended) 10-K/A · period to December 31, 2025
  9. March 27, 2026
  10. March 12, 2026
    Annual report 10-K · period to December 31, 2025

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 16, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about NEPH

What does Nephros Inc do?

Nephros Inc is registered with the SEC under industry code SIC 3841 (Surgical & Medical Instruments & Apparatus). Its shares trade on NASDAQ under the ticker NEPH.

Is Nephros Inc profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $1.7M on revenue of $20.7M, a net margin of 8.4%.

How much revenue does Nephros Inc make?

Over the twelve months to June 30, 2026 Nephros Inc reported revenue of $20.7M. That is 24.2% more than a year earlier.

When did Nephros Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 10, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the activist stake changed from September 16, 2026.

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Where the numbers come from

Financial figures are the values Nephros Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.