Earnings Releases·Nov 4, 2026, 4:05 PM ET

Onterris — Third Quarter 2026 Earnings Summary

Q3 2026 revenue declined 9.7% to $203.0 million year-over-year due to the absence of a $45.4 million prior-year emergency event, while revenue excluding that event grew 13.1%; Adjusted EBITDA reached a record $35.9 million (17.7% margin) and Adjusted Net Income rose to $21.3 million.
The company reiterated full-year 2026 guidance, projecting at least 150 basis points of margin expansion and 60% EBITDA-to-cash conversion, with Q4 2026 operating cash flow expected between $30.0 million and $40.0 million.
Strategic initiatives include a Board-led strategic review with financial advisors Evercore and AEC Advisors, the completion of three accretive acquisitions in H2 2026, and $1.6 million in share repurchases during the year.
Financial strength improved with a leverage ratio of 2.9x as of September 30, 2026 (down from 3.2x), $192.0 million in total liquidity, and operating cash flow increasing 46% to $40.9 million for the quarter.