NASDAQ$NUWE

Nuwellis Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Nuwellis reported Q1 2026 revenue growth and completed the Rendiatech asset acquisition amid ongoing losses.

Nuwellis Inc. achieved net sales of $2.4 million in Q1 2026, up 26% year-over-year, driven by increased console and circuit sales in the U.S. market. The company recorded a net loss of $4.5 million and completed the Rendiatech acquisition, which added in-process R&D and monitoring technology to its cardiorenal platform. Cash position improved to $2.1 million following equity financing activities.

  • Net sales rose 26% to $2.4 million with strong U.S. demand for Aquadex therapy.
  • Gross margin expanded to 70.1% from 56.0% due to manufacturing transition.
  • Completed Rendiatech asset acquisition adding kidney function monitoring technology.
  • Raised $5.0 million gross via January private placement and warrant transactions.

Headline financials

Total Revenue

$2.4M

Previous: $1.9M+26.2%
EPS (adj)

-$2.19

Previous: -$0.69-217.4%
Gross Margin

70.1%

Previous: 56.0%+25.2%
Weighted Avg Shares

2.1M

Previous: 4.4M-52.6%
Capital Expenditures

-$30K

Previous: $0.00
Free Cash Flow

-$3.14M

No prior period
Net Income

-$4.54M

Previous: -$3.01M-50.7%
Operating Income

-$4.57M

Previous: -$3.06M-49.3%
Gross Profit

$1.68M

Previous: $1.07M+57.8%
Cash & Equivalents

$2.08M

No prior period
Total Assets

$6.96M

No prior period

Revenue & EPS history

Nuwellis · Revenue · Quarterly

$2.4M

Q1 2026+26.2%vs Q1 2025
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Company expects to fund operations into Q2 2026 with existing capital and will seek additional financing.

Tailwinds

  • U.S. revenue growth momentum continuing
  • Manufacturing cost improvements realized

Headwinds

  • Substantial doubt about going concern status
  • Need for additional capital to reach profitability

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-5.5%

Avg return

Earnings day

-10.5%

Avg return

5 days after

-16.7%

Avg return

30 days after

28%

15 / 54 earnings

Positive

+51.9%

Q1 2024

Best reaction

-29.9%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-5.0%
Q4 2025+2.4%-2.3%-16.3%
Q3 2025-3.4%-11.9%-18.0%
Q2 2025+0.4%+8.4%-24.0%
Q1 2025-3.1%-5.1%-68.7%
Q4 2024-4.0%-7.9%-25.4%
Q3 2024+6.6%-0.6%-28.2%
Q2 2024-14.3%-30.2%-46.4%
Q1 2024+51.9%+47.1%+29.4%
Q4 2023-20.7%-18.3%-36.7%
Q3 2023-10.0%-12.9%-14.3%
Q2 2023-5.1%-3.0%-22.2%
Q1 2023-29.9%-37.8%-34.6%
Q4 2022-5.1%-6.5%-41.2%
Q3 2022-19.6%-16.7%-50.0%
Q2 2022-6.5%-4.2%+23.9%
Q1 2022+1.0%+2.9%-7.4%
Q4 2021-1.2%-6.1%+2.0%
Q3 2021-17.0%-13.2%-33.3%
Q2 2021+9.6%+7.9%+3.0%
Q1 2021-14.6%-8.9%+6.6%
Q4 2020+5.7%-6.2%-21.3%
Q3 2020-7.8%-7.0%+14.1%
Q2 2020-16.0%-32.0%-68.0%
Q1 2020-9.6%-14.6%+2.4%
Q4 2019-28.8%-33.9%-29.0%
Q3 2019-15.0%-23.0%-16.0%
Q2 2019-1.2%+2.0%+0.4%
Q1 2019-13.3%-13.3%-24.9%
Q4 2018-12.6%-25.6%-69.8%
Q3 2018+2.8%+4.7%-21.7%
Q2 2018-26.4%-37.4%-23.9%
Q1 2018-17.1%-18.8%-23.3%
Q4 2017-15.5%-25.7%-21.0%
Q3 2017-12.8%-15.6%-47.3%
Q2 2017-4.0%-13.3%-6.7%
Q1 2017-9.5%-1.4%-9.5%
Q4 2016-5.3%-12.0%-58.0%
Q3 2016-5.0%-5.0%+190.0%
Q2 2016-14.9%-16.0%-17.0%
Q1 2016+1.5%
Q4 2015-15.9%
Q3 2015-1.2%
Q2 2015+0.7%
Q1 2015-3.5%
Q4 2014-0.2%
Q3 2014-17.5%
Q2 2014+23.9%
Q1 2014+3.2%
Q4 2013+2.1%
Q1 2013+6.2%
Q4 2012+2.6%
Q2 2012-7.6%
Q4 2011+0.0%
Q3 2011

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