10-Q · February 13, 2026
FONAR Corporation's Q2 2026 results show revenue of $25.5 million and diluted EPS of $0.31, reflecting a robust performance compared to $25.0 million in the same quarter last year. However, operating income faced…
Earnings analysis · 10-Q
FONR earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Fonar Corporation's latest quarterly filing for Q3 2026 shows a slight decline in revenue to $26.5 million, compared to $27.2 million in Q3 2025, alongside reduced EPS at $0.24 per share down from $0.37. Gross margins…
Read full summary
Fonar Corporation's latest quarterly filing for Q3 2026 shows a slight decline in revenue to $26.5 million, compared to $27.2 million in Q3 2025, alongside reduced EPS at $0.24 per share down from $0.37. Gross margins also fell to 40.2%, suggesting ongoing challenges in cost management within a competitive landscape.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.24
- Segment
- Manufacturing and servicing of medical equipment
- Segment
- Management of diagnostic imaging centers
What stood out
-
Decline in Revenue
Total revenue for Q3 2026 was $26.5 million, down 2.6% from $27.2 million in Q3 2025.
-
Earnings Decline
Diluted EPS decreased to $0.24 in Q3 2026 from $0.37 in Q3 2025.
-
Cash and Cash Equivalents
Cash decreased from $56.3 million at June 30, 2025 to $53.7 million at March 31, 2026.
-
Increase in Accounts Payable
Accounts payable increased 76.9% to $2.3 million at March 31, 2026 compared to $1.3 million at June 30, 2025.
-
Managing Competition
Total costs increased by 4.5% to $24.0 million for Q3 2026, impacting profit margins due to competitive pressures.
-
Management Fees Grow Slightly
Management and other fees revenue increased slightly by 0.1% to $24.2 million for Q3 2026.
What to watch
-
Ongoing Economic Uncertainties
Management expressed concerns about competition and reimbursement rates affecting profitability in the current environment.
-
Increased Operating Expenses
Operating expenses rose, leading to decreased operating income despite slight revenue growth.
-
Legal Proceedings Risk
Ongoing stockholder litigation regarding the merger could impact operations and costs.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · November 10, 2025
Fonar Corporation reported Q1 2026 results with revenues of $26.0 million, reflecting a 4.3% increase year-over-year. However, net income decreased to $2.7 million, down 33% from $4.0 million in Q1 2025, driven by…
10-K · September 22, 2025
FONAR Corporation's 2025 annual report reveals modest revenue growth with total revenue reaching $104.4 million, reflecting a 1.4% increase from the previous year. The company faced challenges with escalating costs and…
10-Q · May 15, 2025
Fonar Corporation reported a revenue increase of 5.1% year-over-year for the third quarter FY2025, reaching $27.2 million, driven by growth in management and other fees. EPS improved to $0.37, suggesting better…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.