Nephros Inc

Nephros, Inc. is a commercial-stage company that develops and sells water filtration solutions for medical and commercial applications in the United States. Its ultrafiltration products are used in dialysis centers to remove biological contaminants from water and bicarbonate concentrate, and in hospitals to prevent infection from waterborne pathogens such as legionella and pseudomonas. The company also manufactures water filters for foodservice, hospitality, and other healthcare facilities that improve taste and odor, reduce biofilm and scale build-up, and remove cysts, particulates, and lead. Nephros was incorporated in 1997 and is headquartered in South Orange, New Jersey.

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Nephros posts record $6 million quarterly revenue, net income surges over 400%

Nephros, Inc. reported second-quarter 2026 net revenue of $6 million, the highest quarterly revenue in its history, with net income increasing over 400% to approximately $1.2 million. CEO Robert Banks highlighted that core programmatic product revenue grew double digits year-over-year while service-only revenue nearly tripled, and the company is building an integrated water safety platform around products, services, and education. CFO Judy Krandel noted gross profit margin rose to approximately 67% from 63%, primarily due to a $600,000 tariff refund recognized as a reduction of cost of goods sold, though she warned that ongoing U.S. tariff policy will continue to impair margins. The company ended the quarter with approximately $4.7 million in cash and remains debt-free, and management reiterated priorities of expanding its installed base, increasing service and replacement activity, and improving underlying margins.

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