Electromed, Inc. filed its Form 10-Q with the SEC on November 10, 2026, covering the quarterly period ended September 30, 2026, reporting net revenues of $18,682,000 and net income of $2,761,000 for the three months ended on that date.

Key Highlights

  • Net revenues: $18,682,000 for the three months ended September 30, 2026, compared to $16,887,000 for the same period in 2025.
  • Net income: $2,761,000, up from $2,136,000 in the prior-year quarter, with diluted earnings per share of $0.32 versus $0.25.
  • Gross profit: $14,937,000, with a cost of revenues of $3,745,000 for the quarter.
  • Share repurchases: The company repurchased 157,341 shares of common stock during the quarter, with $4,328,000 in cash used for repurchases according to the cash flow statement.
  • Cash position: Cash and cash equivalents declined to $15,875,000 at September 30, 2026, from $20,450,000 at June 30, 2026.
  • Shares outstanding: 8,174,008 shares of common stock outstanding as of November 3, 2026.
  • Total shareholders' equity: $52,473,000 at September 30, 2026, compared to $53,979,000 at June 30, 2026.

Electromed Reports Higher Revenue and Income in September 2026 Quarter

According to the filing, Electromed, Inc. (NYSE American:ELMD), a Minnesota-based developer and marketer of High Frequency Chest Wall Oscillation ("HFCWO") airway clearance products, reported net revenues of $18,682,000 for the three months ended September 30, 2026, an increase from $16,887,000 in the comparable prior-year period. The company disclosed gross profit of $14,937,000 against total operating expenses of $11,448,000, yielding operating income of $3,489,000, compared to operating income of $2,670,000 in the same quarter of 2025.

The filing reported net income of $2,761,000 for the quarter, compared to $2,136,000 for the three months ended September 30, 2025. Basic earnings per share were $0.33 and diluted earnings per share were $0.32, based on weighted-average diluted shares of 8,761,404. Interest income, net, was $148,000, and income tax expense was $876,000, the company disclosed.

On the balance sheet, the company reported total assets of $61,094,000 and total liabilities of $8,621,000 at September 30, 2026. Cash and cash equivalents fell by $4,575,000 during the quarter, primarily reflecting $4,746,000 in net cash used for financing activities, which included $4,328,000 for the repurchase of common stock and $466,000 in taxes paid on net share settlement of stock awards. Net cash provided by operating activities was $373,000, according to the filing. Accrued compensation decreased significantly, from $6,071,000 at June 30, 2026 to $2,830,000 at September 30, 2026, which the cash flow statement reflects as a $3,241,000 use of cash.

What Was Disclosed

Electromed filed its quarterly report for the period ended September 30, 2026, disclosing revenue growth, improved net income, a reduced cash balance driven by share repurchases, and lower shares outstanding compared to the prior fiscal quarter-end.