Capstone Holding Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 12, 2026, reporting a net loss of $632 thousand for the third quarter and disclosing year-over-year revenue growth alongside a rising accumulated deficit.

Key Highlights

  • Q3 2026 net sales of $19,956 thousand, up from $13,654 thousand in the same quarter of 2025, according to the filing.
  • Q3 2026 net loss of $632 thousand, compared to a net loss of $2,014 thousand in Q3 2025, as reported in the consolidated statements of operations.
  • Nine-month net loss of $3,927 thousand for the period ended September 30, 2026, versus $4,442 thousand for the same period in 2025.
  • Accumulated deficit reached $221,964 thousand as of September 30, 2026, compared to $218,037 thousand at December 31, 2025.
  • Total assets of $56,855 thousand as of September 30, 2026, up from $51,378 thousand at December 31, 2025.
  • Common shares outstanding of 935,385 as of November 10, 2026, as stated on the cover page, with 911,172 shares issued as of September 30, 2026.
  • Line of credit balance of $12,047 thousand as of September 30, 2026, up from $10,313 thousand at December 31, 2025.

Capstone Holding Corp. Financial Results for the Quarter Ended September 30, 2026

Capstone Holding Corp. (NASDAQ:CAPS), headquartered in Tinley Park, Illinois, reported net sales of $19,956 thousand for the three months ended September 30, 2026, an increase from $13,654 thousand in the prior-year quarter, according to the filing. Gross profit for Q3 2026 was $5,737 thousand, compared to $3,254 thousand in Q3 2025. Selling, general and administrative expenses for the quarter were $5,237 thousand, versus $3,370 thousand a year earlier. Income from operations for Q3 2026 was $406 thousand, compared to a loss from operations of $768 thousand in Q3 2025.

For the nine months ended September 30, 2026, the company reported net sales of $54,072 thousand against $34,405 thousand for the same period in 2025. The nine-month loss from operations was $659 thousand, compared to $2,456 thousand in the prior-year period. Interest expense for the nine-month period was $3,924 thousand, compared to $1,334 thousand in the nine months ended September 30, 2025. The filing notes that prior-year figures are presented "As Restated."

On the balance sheet, total equity was $13,518 thousand as of September 30, 2026, up from $12,453 thousand at December 31, 2025. The company issued common stock during the nine-month period pursuant to an equity line of credit and Senior Convertible Notes, with common shares issued rising from 292,429 at December 31, 2025 to 911,172 at September 30, 2026. Stock-based compensation recorded in Q3 2026 was $245 thousand. The company also disclosed goodwill of $18,475 thousand and right-of-use assets of $6,546 thousand as of September 30, 2026. The registrant identified itself as a smaller reporting company and an emerging growth company.

What Was Disclosed

Capstone Holding Corp. filed a quarterly report covering the period ended September 30, 2026, disclosing revenue growth, a reduced net loss compared to the prior-year quarter, an increased accumulated deficit of $221,964 thousand, and an expanded share count resulting from equity and convertible note issuances.