Lantheus Holdings (LNTH) Q3 FY2026 earnings: revenue $390 million, up 1.5% on the year

Lantheus Holdings, Inc. (LNTH) reported revenue of $390 million for Q3 FY2026, the quarter ended 30 September 2026, up 1.5% on the same quarter a year earlier. Net income was $22 million, down 19.4% on the year, and diluted earnings per share $0.33. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$390 million

+1.5% on the year · +0.4% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

8.3%

11.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$22 million

-19.4% on the year · -70.2% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.33

-19.5% on the year · -70.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue rose 1.5% to $389.9M: Worldwide revenue was $389.9 million, up from $384.0 million a year earlier. Nine-month revenue was $1,155.4 million, up 1.8%.
GAAP EPS fell; adjusted EPS rose: GAAP fully diluted EPS was $0.33 against $0.41, down 19.5%. Adjusted fully diluted EPS was $1.68 against $1.27, up 32.3%. Adjusted measures are non-GAAP.
FDA approved TAUKLARIFY tau PET agent: The FDA approved TAUKLARIFY for adults with cognitive impairment being assessed for Alzheimer's disease. The approval is recorded in the Recent Business Highlights.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	390	388	384	+0.4%	+1.5%
Cost of revenue	147	146	162	+0.1%	-9.4%
Gross profit	243	242	222	+0.6%	+9.5%
Gross margin	62.4%	62.3%	57.9%
Research and development	92.8	38.2	48.0	+142.8%	+93.2%
Operating income	32.2	100	43.6	-67.9%	-26.2%
Operating margin	8.3%	25.8%	11.4%
Interest expense	4.9	4.9	5.0	+0.5%	-0.2%
Pre-tax income	21.8	93.8	42.4	-76.8%	-48.6%
Income tax	-0.6	18.8	14.6
Effective tax rate	-2.7%	20.0%	34.5%
Net income	22.4	75.0	27.8	-70.2%	-19.4%
Net margin	5.7%	19.3%	7.2%
Diluted EPS	$0.33	$1.11	$0.41	-70.3%	-19.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	102	92.2	105	+10.6%	-3.2%
Capital expenditure	2.0	2.3	10.6	-12.4%	-80.7%
Free cash flow	99.9	89.9	94.7	+11.2%	+5.6%
Free cash flow margin	25.6%	23.2%	24.7%
Cash from investing	-11.1	-2.0	-319
Cash from financing	-0.5	4.5	-99.2
Depreciation and amortisation	22.9	22.6	20.4	+1.4%	+12.2%
Share-based compensation	21.9	20.0	24.5	+9.3%	-10.7%
Buybacks	0.0	n/a	100
Diluted shares, weighted	68m	68m	68m	+1.3%	+1.1%
Shares outstanding at period end	65m	65m	72m	+0.2%	-8.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,356	1,312	1,119	+3.3%	+21.1%
Debt	571	570	568	+0.1%	+0.6%
Operating lease liabilities	52.5	53.9	50.6	-2.5%	+3.8%
Other liabilities	477	479	539	-0.4%	-11.5%
Total liabilities and equity	2,456	2,415	2,276	+1.7%	+7.9%
Fixed assets	150	153	164	-2.4%	-8.8%
Goodwill	239	239	240	-0.2%	-0.7%
Intangible assets	642	689	739	-6.9%	-13.2%
Cash and equivalents	684	593	382	+15.2%	+79.0%
Receivables	346	353	351	-2.0%	-1.6%
Inventory	64.2	57.6	62.0	+11.6%	+3.5%
Other assets	333	329	337	+1.1%	-1.3%
Total assets	2,456	2,415	2,276	+1.7%	+7.9%

Questions

What was Lantheus Holdings' revenue in Q3 FY2026?

Lantheus Holdings (LNTH) reported revenue of $390 million for Q3 FY2026, the quarter ended 30 September 2026, up 1.5% on the same quarter a year earlier.

How much did Lantheus Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $22 million, down 19.4% on the year, and diluted earnings per share $0.33.

When did Lantheus Holdings report Q3 FY2026 results?

Lantheus Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	130	209	224	239	263	301	322	320	354	370	394	379	391	373	378	384	407	377	388	390
Cost of revenue	71.7	79.8	85.7	91.9	96.0	224	119	120	124	128	138	137	143	135	137	162	166	146	146	147
Gross profit	57.9	129	138	147	167	77.1	203	200	230	242	256	242	249	238	241	222	241	231	242	243
Gross margin	45%	62%	62%	62%	64%	26%	63%	62%	65%	65%	65%	64%	64%	64%	64%	58%	59%	61%	62%	62%
R&D	11.3	12.2	14.7	12.5	272	30.5	15.9	14.4	16.8	48.0	60.6	24.1	35.3	36.3	45.5	48.0	47.5	39.4	38.2	92.8
Operating income	-35.3	58.9	63.2	85.7	-172	-9.3	124	112	137	107	103	134	114	102	88.0	43.6	77.2	81.3	100	32.2
Operating margin	-27%	28%	28%	36%	-65%	-3%	39%	35%	39%	29%	26%	35%	29%	27%	23%	11%	19%	22%	26%	8%
Interest expense	1.5	1.5	1.5	1.6	2.6	5.0	4.9	5.1	5.0	4.9	4.9	4.9	5.0	4.8	4.9	5.0	5.1	4.9	4.9	4.9
Pre-tax income	-41.0	57.9	62.0	83.0	-176	-11.1	124	160	138	171	84.4	176	-0.8	96.5	105	42.4	70.4	156	93.8	21.8
Tax rate	n/a	26%	31%	26%	n/a	n/a	24%	18%	25%	23%	26%	26%	n/a	24%	25%	34%	23%	24%	20%	-3%
Net income	-40.2	43.0	43.1	61.2	-119	-2.8	94.1	132	103	131	62.1	131	-11.8	72.9	78.8	27.8	54.1	118	75.0	22.4
Net margin	-31%	21%	19%	26%	-45%	-1%	29%	41%	29%	35%	16%	35%	-3%	20%	21%	7%	13%	31%	19%	6%
Diluted EPS	-$0.60	$0.61	$0.61	$0.86	-$1.74	-$0.04	$1.33	$1.88	$1.47	$1.87	$0.88	$1.79	-$0.17	$1.02	$1.12	$0.41	$0.82	$1.80	$1.11	$0.33
Operating cash flow	13.9	10.3	72.6	93.6	105	108	-32.3	117	112	127	84.7	175	158	108	87.1	105	90.2	125	92.2	102
Capital expenditure	4.5	0.0	4.3	6.1	246	35.3	10.0	0.0	0.0	8.3	11.2	15.8	16.4	8.7	8.0	10.6	8.8	3.2	2.3	2.0
Free cash flow	9.3	10.3	68.3	87.5	-141	73.2	-42.3	117	112	119	73.5	159	141	98.8	79.1	94.7	81.4	122	89.9	99.9
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	n/a	100	n/a	n/a	n/a	0.0
Shares outstanding	68m	69m	69m	69m	69m	70m	70m	70m	70m	71m	71m	71m	71m	72m	72m	72m	65m	65m	65m	65m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.