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Nutex Health (NUTX) Q3 FY2026 earnings: revenue $218 million, down 18.7% on the year

Nutex Health Inc. (NUTX) reported revenue of $218 million for Q3 FY2026, the quarter ended 30 September 2026, down 18.7% on the same quarter a year earlier. Net income was $40 million, down 27.4% on the year, and diluted earnings per share $5.71. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$218 million
-18.7% on the year · +3.3% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
35.4%
48.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
$40 million
-27.4% on the year · -38.9% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$5.71
-26.4% on the year · -39.1% on the quarter
Q4 FY2024Q3 FY2026

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

What management said

  • Net income and EPS fell in quarter: Third-quarter net income attributable to Nutex was $40.2 million, diluted EPS $5.71, against $55.4 million and $7.76 a year earlier.
  • Revenue down 18.7% in quarter: Total revenue was $217.6 million, down 18.7%. Hospital division revenue at same hospitals fell 20.1%; management attributed the decline mainly to 2025 items.
  • Quarterly visits up 18.1%: Hospital Division visits reached 54,622 in the quarter, up 18.1%. Visits at same hospitals, opened by December 31, 2024, rose 12.4%.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue218211268+3.3%-18.7%
Gross profit102141155-28.1%-34.4%
Gross margin46.7%67.0%57.8%
Operating income77.1122130-36.7%-40.9%
Operating margin35.4%57.8%48.7%
Interest expense4.94.75.5+4.1%-10.8%
Pre-tax income72.5117124-38.0%-41.5%
Income tax15.220.827.1-26.8%-44.0%
Effective tax rate20.9%17.7%21.9%
Net income40.265.855.4-38.9%-27.4%
Net margin18.5%31.2%20.7%
Diluted EPS$5.71$9.38$7.76-39.1%-26.4%
$ million except per share.
Read moreFree 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

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow78.334.299.5+129.1%-21.3%
Capital expenditure5.22.50.3+104.9%+1,623.2%
Free cash flow73.131.799.2+131.0%-26.3%
Free cash flow margin33.6%15.0%37.0%
Cash from investing-5.2-2.5-0.3
Cash from financing-26.7-35.2-29.9
Depreciation and amortisation5.65.35.0+5.7%+12.4%
Share-based compensationn/an/a22.9
Buybacks0.019.00.0-100.0%
Diluted shares, weighted7m7m7m+0.3%-1.9%
Shares outstanding at period end7m7m7m+0.2%-0.7%

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

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity436394317+10.5%+37.3%
Non-controlling interest105113121-6.8%-12.8%
Debt42.339.648.9+6.8%-13.5%
Operating lease liabilities25.929.230.4-11.4%-14.9%
Finance lease liabilities288269270+7.0%+6.5%
Other liabilities136120177+13.4%-23.4%
Total liabilities and equity1,032965965+7.0%+7.0%
Fixed assets10395.782.8+7.9%+24.7%
Goodwill13.913.913.90.0%0.0%
Intangible assets20.320.621.6-1.6%-6.0%
Cash and equivalents250205166+21.8%+50.5%
Inventory5.14.23.2+22.3%+62.9%
Other assets640625677+2.4%-5.5%
Total assets1,032965965+7.0%+7.0%

Questions

What was Nutex Health's revenue in Q3 FY2026?

Nutex Health (NUTX) reported revenue of $218 million for Q3 FY2026, the quarter ended 30 September 2026, down 18.7% on the same quarter a year earlier.

How much did Nutex Health earn in Q3 FY2026?

Net income for Q3 FY2026 was $40 million, down 27.4% on the year, and diluted earnings per share $5.71.

When did Nutex Health report Q3 FY2026 results?

Nutex Health 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 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5.91.50.028.453.756.358.962.769.767.576.178.8258212244268152216211218
Cost of revenue4.54.5n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Gross profit1.4-3.06.6-23.70.54.89.67.113.210.222.621.914211812515546.191.7141102
Gross margin24%-198%n/a-84%1%9%16%11%19%15%30%28%55%56%51%58%30%42%67%47%
R&D0.10.1n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Operating income-3.129.2-1.4-429-5.8-4.4-0.4-0.8-26.11.45.39.711472.233.713039.481.312277.1
Operating margin-52%1941%n/a-1510%-11%-8%-1%-1%-38%2%7%12%44%34%14%49%26%38%58%35%
Interest expensen/a1.94.43.42.93.14.84.14.24.45.15.45.16.15.75.55.04.74.74.9
Pre-tax income-5.625.0-4.3-431-8.9-7.8-5.1-4.9-30.7-0.23.9-2.610962.823.712434.376.611772.5
Tax raten/a1%n/an/an/an/an/an/an/an/a23%n/a8%33%32%22%27%18%18%21%
Net income-4.621.4-19.3-412-14.8-5.1-3.5-5.5-31.6-0.4-0.4-8.861.714.6-17.755.418.446.865.840.2
Net margin-77%1423%n/a-1452%-27%-9%-6%-9%-45%-1%-0%-11%24%7%-7%21%12%22%31%18%
Diluted EPSn/a$0.04-$0.03-$0.62-$0.02-$0.01-$0.01-$0.01-$0.05-$0.01-$0.07-$1.72$11.12$2.56-$2.95$7.76n/a$6.52$9.38$5.71
Operating cash flow-2.7-2.455.8-7.34.51.10.02.0-1.83.113.36.80.151.027.399.570.475.534.278.3
Capital expenditure11.70.08.05.90.74.43.12.9n/a0.70.60.60.40.10.80.31.41.22.55.2
Free cash flow-14.5-2.447.8-13.23.8-3.3-3.1-0.9n/a2.312.76.2-0.350.926.599.269.074.331.773.1
Buybacksn/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.00.05.031.719.00.0
Shares outstanding48m48m649m650m650m652m661m671m677m50m5m5m6m6m7m7m7m7m7m7m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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 blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. 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.