NEPH · NASDAQ · Medical - Instruments & Supplies

Nephros (NEPH)

Medical and commercial point-of-use filtration for water-management applications.

$4.26
At close+0.16 (+3.90%)
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Nephros, Inc.NEPHHealth Care

Medical infection-control and dialysis-water filters sit alongside commercial filtration products for foodservice equipment and ice machines. The business combines a hollow-fiber water-technology base with a dialysis-market heritage.

Medical products span infection-control microfilters and ultrafilters, plus dialysis-water filters. Commercial water-filtration products include carbon-based and carbon-free offerings for foodservice equipment and ice machines.

Rooted in hollow-fiber water technology and a dialysis-market heritage, the business addresses proactive and emergency water management in medical and commercial settings. It also provides water-quality education as part of its offering. Operations are based in South Orange, New Jersey.

Medical product claims are FDA-regulated, and dialysis-filter models are FDA 510(k)-cleared. The business depends on continuing product performance and manufacturing arrangements across medical and commercial applications.

Company facts

CEORobert Banks
ListedAug 14, 2019
ExchangeNASDAQ
HeadquartersSouth Orange, NJ
CountryUnited States
Employees36
CIK0001196298
ISINUS6406714005

Market cap$45.8M
EPS (ttm)$0.1587
P/E (ttm)26.59
ROE16.2%
P/B3.82
P/S2.21
Dividend yieldDiv yield
Beta1.02vs XLV 0.33

Price target$4.00−5.2%Avg of 4 analysts
ConsensusBuy4 of 4 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionTarget
Jul 17, 2026Northland SecuritiesTarget$4

Next report
Nov 5, 2026
in 63 days
EPS estimate
$0.02
Revenue estimate
$5.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.03$0.05$0.02$0.03$0.01$0.01$0.06Pending
Estimate−$0.01$0.01−$0.03$0.01$0.01$0.01$0.00$0.02
Surprise+400.0%+400.0%+180.0%+200.0%0.0%0.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$3.9M$4.9M$4.4M$4.8M$4.7M$5.2M$6.0MPending
Estimate$3.7M$3.6M$3.6M$4.5M$4.5M$5.0M$5.0M$5.5M
Surprise+5.4%+34.7%+22.7%+7.0%+6.2%+3.9%+20.5%
Estimate$0.02
ReportedDue Nov 5, 2026
Estimate$5.5M
ReportedDue Nov 5, 2026
View details

Debt to equity7.30%
Current ratio406.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.5M$3.9M$4.9M$4.4M$4.8M$4.7M$5.2M$6.0M
Net income$183.0K$349.0K$558.0K$237.0K$337.0K$62.0K$140.0K$1.2M
Net margin5.2%9.0%11.4%5.4%7.1%1.3%2.7%19.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$206.0K$317.0K$566.0K$248.0K$314.0K$18.0K$97.0K$1.2M
YoY growth+52.4%−94.3%−82.9%+389.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $4.7M · Total debt $872.0K · Total assets $15.8M · Shareholders' equity $12.0M

Revenue
$6.0M
Operating income
$1.2M
Net income
$1.2M
View details

No dividends on record.

Institutions27 holders · as of Mar 31, 202649.45%5.37M shares
Insiders8 holders · as of Aug 14, 202618.58%2.02M shares
Otherremainder31.97%3.47M shares

10.86M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Wexford Capital LPInstitution
33.15%3.60M13Fas of Mar 31, 2026
Topline Capital Management, LLCInstitution
5.36%581,96713Fas of Mar 31, 2026
Cowen Prime Advisors, a division of Cowen Prime Services LLCInstitution
5.30%575,07713Gfiled Jan 27, 2021
Ian CasselInsider
4.84%525,40813Gfiled Feb 28, 2022
Sandra F. PessinInsider
4.51%489,43513D/Afiled Oct 21, 2020
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Nephros$4.26+3.90%$45.8M26.622.82.2+36.2%
Danaher$209.13−0.37%$147.59B37.323.65.9+5.5%
Solventum$91.90−0.01%$15.91B11.213.61.9+2.2%
Pentair$60.00+0.25%$9.55B15.012.32.4−17.0%
Watts Water Technologies$351.84−0.11%$11.75B30.726.44.4+18.6%
Median22.918.63.4+3.9%