Nephros, Inc.

Nephros, Inc.

NEPHยทNASDAQ

$4.94

-2.0%
HealthcareMedical - Instruments & Supplies

Nephros, Inc. develops and sells high performance water solutions to the medical and commercial markets in the United States. The company operates in three segments: Water Filtration, Pathogen Detection, and Renal Products. It offers ultrafiltration products that are used in dialysis centers for the removal of biological contaminants from water and bicarbonate concentrate; and in hospitals for the prevention of infection from waterborne pathogens, such as legionella and pseudomonas, as well as in military and outdoor recreation, commercial, and other healthcare facilities. The company also develops and sells real-time water testing systems to provide actionable data on waterborne pathogens; and medical device products for patients with renal disease, including a 2nd generation hemodiafiltration system for the treatment of patients with end stage renal disease. In addition, it offers water filters that improve the taste and odor of water, as well as reduce biofilm, bacteria, and scale build-up in downstream equipment under the Nephros and AETHER brands for the food service, hospitality, convenience store, and health care markets. The company was incorporated in 1997 and is headquartered in South Orange, New Jersey.

At a Glance

Live Snapshot
Market Cap$52.50M
EPS0.0070
P/E Ratio209.08
Earnings Date03/04/2026
3Y-65.0%
5Y-78.0%
10Y-87.0%
3Y-41.0%
5Y-67.0%
10Y+285.0%
3Y-102.0%
5Y-100.0%
10Y-100.0%
NEPH

Nephros, Inc. Cash Conversion Engine

NEPH ยท NASDAQ
Net Income74.00K
Depreciation & Amortization137.00K
Stock-Based Compensation153.00K
Change in Working Capital-1.55M
Others698.00K
Capital Expenditures-55.00K
Free Cash Flow-547.00K

Cash Flow Quality Analysis

FCF Conversion Rate

-739.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

-11.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-172.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$1.55M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Nephros, Inc. Cash Flow Statement

NEPH โ€ข NASDAQ

Nephros, Inc. Cash Flow StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006Dec 2005
OPERATING ACTIVITIES
74K
-1.6M
-4.6M
-3.9M
-4.5M
-3.2M
-3.3M
-809K
-3M
-3.1M
-7.4M
-3.7M
-3.3M
-2.4M
-1.9M
-2M
-6.3M
-26.4M
-8M
-5.5M
137K
214K
351K
252K
208K
200K
163K
218K
230K
212K
216K
223K
9K
91K
129K
231K
447K
4.9M
354.4K
305.6K
0.0
0.0
0.0
0.0
0.0
56K
322K
0.0
-566K
8K
331K
490K
94K
2.4M
50K
0.0
-269K
-1.2M
-436.9K
-374.5K
153K
1.1M
952K
1.3M
779K
1.3M
985K
772K
597K
489K
429K
575K
443K
256K
92K
108K
155K
885K
474.7K
374.5K
698K
648K
-213K
56K
129K
-105K
45K
135K
677K
-270K
4.3M
53K
82K
-2.1M
48K
18K
269K
14.3M
484.2K
-178.1K
(0.0)
(0.0)
(0.0)
(79K)
(22K)
(5K)
(4K)
(7K)
(11K)
(5K)
(6K)
(2K)
(18K)
(5K)
(2K)
(6K)
(1K)
(0.0)
(0.0)
(0.0)
-1.6M
488K
229K
883K
-3.5M
-580K
-1.9M
-393K
-18K
-1.2M
-377K
-1.2M
1.1M
465K
322K
-943K
10K
19K
-163.1K
288.5K
-492K
827K
-3.2M
-1.4M
-6.9M
-2.3M
-3.7M
-77K
-2.1M
-3.8M
-2.5M
-3.6M
-1.5M
-1.3M
-1.3M
-2.6M
-5.7M
-7.4M
-7.3M
-5.1M
INVESTING ACTIVITIES
-55K
-75K
-137K
-36K
-239K
-14K
(0.0)
(0.0)
-45K
-13K
(0.0)
(0.0)
-659K
(0.0)
-30K
-28K
-97K
-145K
-110.2K
-397.3K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-137K
-991K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-4.7M
-3M
(0.0)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7K
4.7M
2.8M
4.7M
1.5M
5K
0.0
0.0
-49K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3K
47K
0.0
0.0
0.0
3K
0.0
0.0
0.0
-50K
-75K
-137K
-85K
-239K
-151K
-991K
(0.0)
-45K
-13K
(0.0)
(3K)
-612K
(0.0)
-30K
-21K
(4.6M)
-2M
(1.6M)
(1.1M)
FINANCING ACTIVITIES
0.0
0.0
163K
501K
11.5M
2M
3.8M
1.2M
0.0
1.3M
4.9M
2.8M
0.0
3.2M
0.0
1.3M
0.0
0.0
1K
1M
-5K
-79K
-286K
-264K
-321K
-633K
131K
711K
1.2M
0.0
-1.7M
1.5M
0.0
-640K
500K
0.0
0.0
12.7M
5.2M
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-73K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
157K
0.0
85K
658K
3.1M
100K
1K
2.5M
15K
-151K
503K
174K
72K
85K
0.0
0.0
441.0
0.0
-5K
-79K
34K
237K
11.2M
2M
7M
2M
1.2M
3.8M
3.2M
4.1M
503K
2.7M
572K
1.3M
0.0
12.7M
5.2M
1M
CASH FLOW SUMMARY
0.0
0.0
-2K
-11K
9K
-5K
-7K
6K
-4K
1K
-3K
-8K
34K
2K
-14K
-5K
-17K
-2K
14.8K
-25.9K
-547K
673K
-3.3M
-1.3M
4.1M
-415K
2.4M
1.9M
-973K
-36K
705K
532K
-1.6M
1.4M
-764K
-1.3M
-1.1M
3.2M
-493.5K
-3M
4.3M
3.6M
7M
8.2M
4.2M
4.6M
2.2M
275K
1.2M
1.3M
579K
47K
1.7M
240K
1M
2.3M
3.4M
253K
746.6K
3.7M
3.8M
4.3M
3.6M
7M
8.2M
4.2M
4.6M
2.2M
275K
1.2M
1.3M
579K
47K
1.7M
240K
1M
2.3M
3.4M
253K
746.6K
-547K
752K
-3.4M
-1.5M
-7.1M
-2.3M
-3.7M
-77K
-2.2M
-3.8M
-2.5M
-3.6M
-2.2M
-1.3M
-1.3M
-2.6M
-5.8M
-7.6M
-7.4M
-5.4M

SEC Filings

NEPH - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2025

N/A

November 26, 2025
November 21, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

August 11, 2025
August 07, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 07, 2025
June 30, 2025
2025
8-K

8-K 2025

N/A

June 16, 2025
June 16, 2025
2025
10-Q

10-Q 2025 Q1

Q1

May 15, 2025
March 31, 2025
2025
8-K

8-K 2025

N/A

May 08, 2025
May 08, 2025
2025
DEF 14A

DEF 14A 2025

N/A

April 30, 2025
April 30, 2025
2025
8-K

8-K 2025

N/A

April 28, 2025
April 23, 2025
2025
8-K

8-K 2025

N/A

April 01, 2025
March 31, 2025
2025
Showing 1 to 10 of 354 filings