NEPH PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d

NEPH ▼ -3.14% at T+60d

NEUTRAL call ✗ call lost -3.14% · α vs SPY -14.76% · entry $3.50 → $3.39

Last close $3.39 (close Jun 8) · -3.14% from $3.50 entry

Entry anchored
Mar 12, 03:46 PM ET
via Databento tick

T+1d

-16.57%

call -16.57% · α -17.60%

$2.92

settled 3mo ago

T+5d

-16.86%

call -16.86% · α -14.74%

$2.91

settled 3mo ago

T+20d

-16.86%

call -16.86% · α -20.45%

$2.91

settled 2mo ago

T+60d

-3.14%

call -3.14% · α -14.76%

$3.39

settled yesterday

Price Chart

Loading chart...

Executive Summary

Nephros reported strong full-year 2025 financial results with revenue up 33% year-over-year to $18.8 million and net income surging to $1.2 million from $74,000 in 2024, marking its second consecutive year of profitability. However, fourth-quarter revenue growth slowed to 22% and profitability declined due to rising costs and tariff impacts, despite strong reorder activity and service expansion.

Key Financial Metrics

Revenue

$18.8M

+33.0% YoY

EPS

$0.11

Actionable Insight

The stock may react positively to the strong annual growth and sustained profitability, but traders should monitor gross margin trends and tariff risks. The disconnect between rising revenue and falling Q4 profitability could limit upside unless management demonstrates cost control in 2026.

Key Facts

Full-year 2025 revenue: $18.8 million, up 33% YoY from $14.2 million in 2024
Full-year net income: $1.2 million vs. $74,000 in 2024 — a 15-fold increase
Fourth-quarter revenue: $4.7 million (22% YoY growth), but net income dropped to $62,000 from $349,000 in Q4 2024
Gross margin held at 62% for the year, but declined to 58% in Q4 from 64% due to 15% Italian import tariffs (later reduced to 10%)
Cash balance increased to $5.4 million from $3.8 million; company remains debt-free
Launched Nephros Water Institute and expanded service capabilities to drive recurring revenue

Financial Impact

Revenue increased by $4.6 million year-over-year with net income improving by $1.12 million. However, Q4 profitability sharply declined despite revenue growth, signaling margin pressure.

revenuenet incomegross marginoperating expensescash flow

Risk Factors

Tariff exposure: 10–15% tariffs on Italian imports are impacting margins and could worsen under changing U.S. trade policy
Rising operating expenses: SG&A and R&D costs grew faster than revenue, pressuring near-term earnings
Decelerating quarterly momentum: Q4 revenue growth (22%) and income ($62K) were weaker than prior quarters despite seasonality

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3255126

4 reports for NEPH

T+1T+5T+20T+60

Filters

Reports for NEPH — sortable, filterable
	Type				Now
May 7, 2026 4w ago	8-K MIXED ★ 5/10	$3.52 $3.42	▼ −2.84%	▼ −2.86%	$3.39 (−3.69%)
Apr 30, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$3.11 $3.69	▲ +18.65%	▲ +13.38%	$3.39 (+9.00%)
Mar 12, 2026 12w ago	Press Release MIXED ★ 6/10	$3.50 $2.91	▼ −16.86%	▼ −20.45%	$3.39 (−3.14%)
Mar 5, 2026 13w ago	Press Release NEUTRAL ★ 3/10	$3.89 $2.87	▼ −26.22%	▼ −22.43%	$3.39 (−12.85%)

US Market Status

Market Closed — Opens in 8h 59m

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access