Overview
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- TickerNEPH on Nasdaq2
- IndustrySurgical & Medical Instruments & Apparatus2
- HeadquartersSouth Orange, United States2
- Incorporated inDE3
- Business address380 Lackawanna Place, South Orange, Nj 070793
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI549300TLN1G9WX00KA572
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 27368182
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Settings: Our ultrafilters are used for advanced purification and polishing of water or bicarbonate concentrate in dialysis environments.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 94% of the revenue NEPHROS INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $14.0M | $18.2M |
| Royalty and Other Revenues | $127.0K | $555.0K |
| Service | $78.0K | $520.0K |
| Other Revenue | $43.0K | $24.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue38¢$7.2M
- Research and development7¢$1.3M
- Selling, general and admin48¢$9.0M
- Income tax0¢$12.0K
- Profit6¢$1.2M
Out of $18.8M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$1.6M
Out of $1.6M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total net revenues | $18.8M | $14.2M |
| Cost of goods sold | $7.2M | $5.4M |
| Gross Margin | $11.6M | $8.7M |
| Research and development | $1.3M | $906.0K |
| Depreciation and amortization | $140.0K | $135.0K |
| Selling, general and administrative | $9.0M | $7.7M |
| Total operating expenses | $10.5M | $8.7M |
| Operating income | $1.1M | $6.0K |
| Interest expense | -$1.0K | -$1.0K |
| Interest income | $139.0K | $94.0K |
| Other expense net | -$78.0K | -$10.0K |
| Total other income | $60.0K | $83.0K |
| Income before income taxes | $1.2M | $89.0K |
| Income tax expense | -$12.0K | -$15.0K |
| Net income | $1.2M | $74.0K |
| Net income per common share, basic | $0.11 | $0.01 |
| Net income per common share, diluted | $0.11 | $0.01 |
| Weighted average common shares outstanding, basic | 10.6M shares | 10.5M shares |
| Weighted average common shares outstanding, diluted | 11.0M shares | 10.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.4M | $3.8M | |
| Accounts receivable, net | $2.4M | $1.8M | |
| Inventory | $3.2M | $2.6M | |
| Prepaid expenses and other current assets | $177.0K | $142.0K | |
| Total current assets | $11.2M | $8.3M | |
| Property and equipment, net | $106.0K | $161.0K | |
| Lease right-of-use assets | $1.0M | $1.4M | |
| Intangible assets, net | $318.0K | $349.0K | |
| Goodwill | $759.0K | $759.0K | |
| License and supply agreement, net | $164.0K | $216.0K | |
| Other assets | $50.0K | $50.0K | |
| TOTAL ASSETS | $13.6M | $11.2M | |
| Accounts payable | $914.0K | $649.0K | |
| Accrued expenses | $1.5M | $565.0K | |
| Current portion of lease liabilities | $391.0K | $348.0K | |
| Total current liabilities | $2.8M | $1.6M | |
| Lease liabilities, net of current portion | $672.0K | $1.1M | |
| TOTAL LIABILITIES | $3.4M | $2.6M | |
| Common stock, $.001 par value; 40,000,000 shares authorized at December 31, 2025 and 2024; 10,644,268 and 10,544,691 shares issued and outstanding at December 31, 2025 and 2024, respectively | $11.0K | $11.0K | |
| Additional paid-in capital | $153.3M | $152.9M | |
| Accumulated deficit | -$143.1M | -$144.3M | |
| TOTAL STOCKHOLDERS EQUITY | $10.2M | $8.6M | $8.4M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $13.6M | $11.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 40.0M shares | 40.0M shares | |
| Common stock, shares issued | 10.6M shares | 10.5M shares | |
| Common stock, shares outstanding | 10.6M shares | 10.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.4M | $3.8M | |
| Accounts receivable, net | $2.4M | $1.8M | |
| Inventory | $3.2M | $2.6M | |
| Prepaid expenses and other current assets | $177.0K | $142.0K | |
| Total current assets | $11.2M | $8.3M | |
| Property and equipment, net | $106.0K | $161.0K | |
| Lease right-of-use assets | $1.0M | $1.4M | |
| Intangible assets, net | $318.0K | $349.0K | |
| Goodwill | $759.0K | $759.0K | |
| License and supply agreement, net | $164.0K | $216.0K | |
| Other assets | $50.0K | $50.0K | |
| TOTAL ASSETS | $13.6M | $11.2M | |
| Accounts payable | $914.0K | $649.0K | |
| Accrued expenses | $1.5M | $565.0K | |
| Current portion of lease liabilities | $391.0K | $348.0K | |
| Total current liabilities | $2.8M | $1.6M | |
| Lease liabilities, net of current portion | $672.0K | $1.1M | |
| TOTAL LIABILITIES | $3.4M | $2.6M | |
| Common stock, $.001 par value; 40,000,000 shares authorized at December 31, 2025 and 2024; 10,644,268 and 10,544,691 shares issued and outstanding at December 31, 2025 and 2024, respectively | $11.0K | $11.0K | |
| Additional paid-in capital | $153.3M | $152.9M | |
| Accumulated deficit | -$143.1M | -$144.3M | |
| TOTAL STOCKHOLDERS EQUITY | $10.2M | $8.6M | $8.4M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $13.6M | $11.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 40.0M shares | 40.0M shares | |
| Common stock, shares issued | 10.6M shares | 10.5M shares | |
| Common stock, shares outstanding | 10.6M shares | 10.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $1.2M | $74.0K |
| Depreciation of property and equipment | $55.0K | $46.0K |
| Amortization of intangible assets, license and supply agreement and finance lease right-of-use asset | $84.0K | $91.0K |
| Stock-based compensation | $296.0K | $153.0K |
| Inventory impairments and writeoffs | $68.0K | $262.0K |
| Change in right-of-use asset | $356.0K | $447.0K |
| Gain on asset disposal | -$5.0K | |
| (Gain) or loss on foreign currency transactions | $5.0K | -$6.0K |
| Accounts receivable | -$633.0K | -$285.0K |
| Inventory | -$685.0K | -$407.0K |
| Prepaid expenses and other current assets | -$35.0K | -$10.0K |
| Other assets | $36.0K | |
| Accounts payable | $259.0K | -$220.0K |
| Accrued expenses | $1.0M | -$226.0K |
| Lease liabilities | -$343.0K | -$442.0K |
| Net cash provided by (used in) operating activities | $1.6M | -$492.0K |
| Sale of property and equipment | $5.0K | |
| Purchase of property and equipment | -$55.0K | |
| Net cash used in investing activities | $0 | -$50.0K |
| Principal payments on finance lease liability | -$5.0K | -$5.0K |
| Net cash used in financing activities | -$5.0K | -$5.0K |
| Net increase (decrease) in cash and cash equivalents | $1.6M | -$547.0K |
| Cash paid for interest expense | $1.0K | $2.0K |
| Right-of-use asset obtained in exchange for finance lease liability | $22.0K |
No quarter-by-quarter statement was filed.
Corporate structure
NEPHROS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NEPHROS INC
- Charles E. Davidson Filed SCHEDULE 13G on NEPHROS INC, latest Sep 16, 2026
- WEXFORD CAPITAL LP Filed SCHEDULE 13D/A on NEPHROS INC, latest Sep 16, 2026
- Topline Capital Management, LLC Filed SCHEDULE 13G on NEPHROS INC, latest Nov 14, 2025
- Cowen Prime Advisors LLC Filed SC 13G on NEPHROS INC, latest Feb 3, 2023 (4 filings since Feb 9, 2022)
- Intelligent Fanatics Capital Management LLC Filed SC 13G/A on NEPHROS INC, latest Jan 6, 2023 (2 filings since Feb 28, 2022)
- Cowen Prime Services LLC Filed SC 13G on NEPHROS INC, latest Feb 10, 2022 (5 filings since Feb 10, 2022)
- Samjo Capital LLC Filed SC 13G/A on NEPHROS INC, latest Feb 8, 2022
- NEPHROS INC South Orange, New Jersey, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NEPHROS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.2M5 Dec 31, 2025 | $1.2M5 Dec 31, 2024 | 0% |
| Accumulated depreciation | $1.1M5 Dec 31, 2025 | $1.0M5 Dec 31, 2024 | +5.5% |
| Property and equipment, net | $106.0K5 Dec 31, 2025 | $161.0K5 Dec 31, 2024 | −34.2% |
| Finance-lease assets | $17.0K5 Dec 31, 2025 | $22.0K5 Dec 31, 2024 | −22.7% |
| Operating-lease assets (leased space) | $1.0M5 Dec 31, 2025 | $1.4M5 Dec 31, 2024 | −25.9% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $759.0K5 Dec 31, 2025 | $759.0K5 Dec 31, 2024 | 0% |
| Finite-lived intangibles, gross | $540.0K5 Dec 31, 2025 | $540.0K5 Dec 31, 2024 | 0% |
| Accumulated amortization | -$222.0K5 Dec 31, 2025 | -$191.0K5 Dec 31, 2024 | −16.2% |
| Finite-lived intangibles, net | $318.0K5 Dec 31, 2025 | $349.0K5 Dec 31, 2024 | −8.9% |
| Licenses, net | $2.3M5 Dec 31, 2025 | $2.3M11 Dec 31, 2024 | 0% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $3.2M5 Dec 31, 2025 | $2.6M5 Dec 31, 2024 | +23.6% |
| Raw materials | $259.0K5 Dec 31, 2025 | $354.0K5 Dec 31, 2024 | −26.8% |
| Finished goods | $3.0M5 Dec 31, 2025 | $2.3M5 Dec 31, 2024 | +31.5% |
Properties, in its own words
Our U.S. facilities are located at 380 Lackawanna Place, South Orange, New Jersey 07079 and 30 Leslie Court, Whippany, NJ 07981. We use these facilities to house our corporate headquarters, research, manufacturing, and distribution facilities.
We believe our current facilities are adequate to meet our needs, although we may consolidate facilities in the future. We do not own any real property for use in our operation or otherwise.
Item 2 of the 10-K filed Mar 12, 2026.4
Leadership
Who has led NEPHROS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerRobert R. Banks Jr. May 17, 2023 to now14
- Chief executive officerAndrew Astor Aug 26, 2020 to Mar 7, 202215
- Chief executive officerDaron Evans Apr 17, 2015 to Jun 1, 202116
- Chief executive officerJohn C. Houghton Apr 25, 2012 to Dec 22, 201417
- Chief executive officerPaul A. Mieyal Mar 28, 2011 to Mar 15, 201218
- Chief executive officerErnest Elgin Iii. Sep 17, 2008 to Jan 5, 201019
- Chief executive officerNorman J. Barta Nov 13, 2007 to Nov 13, 200720
- ChairNorman J. Barta Nov 13, 2007 to Nov 13, 200720
- PresidentRobert R. Banks Jr. May 17, 2023 to now14
- PresidentAndrew Astor Aug 26, 2020 to Mar 7, 202215
- PresidentDaron Evans Apr 17, 2015 to Mar 12, 202016
- PresidentJohn C. Houghton Apr 25, 2012 to Dec 22, 201417
- PresidentErnest Elgin Iii. Sep 17, 2008 to Jan 5, 201019
- Chief financial officerJudy Krandel Nov 3, 2023 to now21
- Chief financial officerAndrew Astor Feb 15, 2017 to Mar 7, 202222
- Chief financial officerJohn C. Houghton Feb 7, 2014 to Dec 22, 201423
- Chief financial officerGerald John Kochanski Sr. Jan 9, 2009 to Jun 11, 201324
- Chief financial officerBruce Prashker Jan 20, 2006 to Jan 20, 200625
- Chief financial officerMark W. Lerner Mar 8, 2006 to Mar 8, 200626
- Chief operating officerAndrew Astor Dec 21, 2018 to Aug 19, 202027
Board members and other officers (23)
- Chief Marketing OfficerWesley S. Lobo Feb 18, 2021 to Feb 18, 202228
- Board memberLisa Marie Nettis Jul 11, 2025 to now29
- Board memberRobert R. Banks Jr. May 17, 2023 to May 16, 202414
- Board memberCharles E. Davidson Oct 16, 2020 to Jun 3, 202130
- Board memberAlisa Lask Feb 12, 2019 to Jan 3, 202531
- Board memberTom Gwydir May 1, 2019 to Jan 9, 202332
- Board memberAndrew Astor Apr 12, 2018 to Mar 7, 202233
- Board memberOliver J. Spandow Aug 13, 2018 to now34
- Board memberMalcolm C. Persen May 11, 2015 to Jan 8, 202135
- Board memberMoshe Pinto Aug 18, 2015 to Dec 21, 201836
- Board memberMatthew Rosenberg May 19, 2014 to Sep 11, 201537
- Board memberDaron Evans Dec 4, 2013 to Mar 12, 202038
- Board memberJohn C. Houghton Apr 25, 2012 to Dec 22, 201417
- Board memberErnest Elgin Iii. Jan 5, 2010 to Jan 5, 201039
- Board memberArthur H. Amron Oct 1, 2007 to now40
- Board memberPaul A. Mieyal Oct 1, 2007 to Dec 18, 201941
- Board memberJames S. Scibetta Nov 26, 2007 to Jan 7, 201442
- Board memberBernard Salick Feb 6, 2006 to May 24, 200743
- Board memberEric A. Rose Md. Feb 6, 2006 to Jun 16, 200944
- Board memberHoward Alan Davis Feb 6, 2006 to May 24, 200745
- Board memberLawrence J. Centella Feb 6, 2006 to Sep 11, 201546
- Board memberW. Townsend Ziebold Jr. Feb 6, 2006 to May 24, 200747
- Board memberJudy S. Slotkin Sep 21, 2006 to May 24, 200748
Timeline
- Oct 13, 20268-K Director nominations; Other events49
- Aug 6, 20268-K Results of operations50
- Jun 15, 20268-K Regulation FD disclosure51
- May 7, 20268-K Results of operations52
- Mar 27, 20268-K Regulation FD disclosure53
- Nov 26, 20258-K Entered a material agreement; Ended a material agreement54
- Aug 11, 20258-K Results of operations55
- Jun 16, 20258-K Shareholder vote56
- May 8, 20258-K Results of operations57
- Apr 28, 20258-K Executive or director change58
- Apr 1, 20258-K Regulation FD disclosure59
- Mar 6, 20258-K Results of operations60
- May 17, 2023New chief executive Robert R. Banks Jr. becomes CEO14
- Aug 26, 2020New chief executive Andrew Astor becomes CEO15
- Apr 17, 2015New chief executive Daron Evans becomes CEO16
- Apr 25, 2012New chief executive John C. Houghton becomes CEO17
- Mar 28, 2011New chief executive Paul A. Mieyal becomes CEO18
- Sep 17, 2008New chief executive Ernest Elgin Iii. becomes CEO19
- Nov 13, 2007New chief executive Norman J. Barta becomes CEO20
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.03 a share, on Nov 6, 2025.61
When it reported results
- Aug 6, 2026Reported quarterly or annual results50
- May 7, 2026Reported quarterly or annual results52
- Aug 11, 2025Reported quarterly or annual results55
- May 8, 2025Reported quarterly or annual results57
- Mar 6, 2025Reported quarterly or annual results60
- Nov 13, 2024Reported quarterly or annual results62
- May 9, 2024Reported quarterly or annual results63
- Mar 7, 2024Reported quarterly or annual results64
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
145 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 41 major events, 50 insider forms, 15 large holders, 18 other. The latest 20:
- Oct 14, 2026DEF 14A EDGAR
- Oct 13, 20268-K EDGAR
- Sep 16, 2026SCHEDULE 13D/A EDGAR
- Sep 16, 2026SCHEDULE 13G EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jun 15, 20268-K EDGAR
- Jun 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- May 7, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- Apr 30, 202610-K/A EDGAR
- Mar 27, 20268-K EDGAR
- Mar 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Mar 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Mar 18, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Mar 18, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 145 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
7 open-market trades by officers, directors and large owners since October 2021: 7 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 30, 2024 | Amron Arthur HDirector | Buy | 3,000 | $2.24 | $6.7K | Form 4 |
| May 28, 2024 | Amron Arthur HDirector | Buy | 2,000 | $2.22 | $4.4K | Form 4 |
| May 16, 2024 | Banks Robert R. Jr.President and CEO | Buy | 50,000 | $2.24 | $112.0K | Form 4 |
| Mar 12, 2024 | Amron Arthur HDirector | Buy | 7,000 | $2.45 | $17.1K | Form 4 |
| Dec 7, 2023 | Banks Robert R. Jr.President and CEO | Buy | 18,000 | $2.20 | $39.6K | Form 4 |
| Aug 15, 2023 | Banks Robert R. Jr.President and CEO | Buy | 1,901 | $1.69 | $3.2K | Form 4 |
| Aug 14, 2023 | Banks Robert R. Jr.President and CEO | Buy | 99 | $1.50 | $148 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Charles E. DavidsonSCHEDULE 13G, 1 filing Sep 16, 202665
- WEXFORD CAPITAL LPSCHEDULE 13D/A, 1 filing Sep 16, 202666
- Topline Capital Management, LLCSCHEDULE 13G, 1 filing Nov 14, 202567
- Cowen Prime Advisors LLCSC 13G, 4 filings Feb 9, 2022 to Feb 3, 202368
- Intelligent Fanatics Capital Management LLCSC 13G/A, 2 filings Feb 28, 2022 to Jan 6, 202369
- Cowen Prime Services LLCSC 13G, 5 filings Feb 10, 202270
- Samjo Capital LLCSC 13G/A, 1 filing Feb 8, 202271
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Robert Banks | 51 | $362.5K | $627.1K72 |
| 2025 | Judy Krandel | $144.2K | $322.6K72 | |
| 2024 | President and Chief Executive Officer | $350.0K | $410.2K72 | |
| 2024 | Chief Financial Officer | $141.7K | $148.7K72 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 33. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Wexford Capital LP | 3,600,552 | $12.9M | 1.8% | No change |
| Topline Capital Management, LLC | 535,698 | $1.9M | 0.5% | −46,269 |
| Vanguard Capital Management LLC | 198,643 | $709.2K | 0.0% | No change |
| Morgan Stanley | 128,915 | $460.2K | 0.0% | +18,000 |
| Cornerstone Capital, Inc. | 128,700 | $459.5K | 0.0% | No change |
| Bard Associates Inc | 118,003 | $421.3K | 0.1% | −3,199 |
| Renaissance Technologies LLC | 77,504 | $276.7K | 0.0% | −21,896 |
| Geode Capital Management, LLC | 70,263 | $250.9K | 0.0% | −2,662 |
| Mesirow Financial Investment Management, Inc. | 60,000 | $214.2K | 0.0% | −60,000 |
| HighTower Advisors, LLC | 59,710 | $213.2K | 0.0% | No change |
| Navellier & Associates Inc | 53,479 | $190.9K | 0.0% | +34,353 |
| Essex Investment Management Co LLC | 38,927 | $139.0K | 0.0% | −57 |
| Vanguard Fiduciary Trust Co | 36,901 | $131.7K | 0.0% | No change |
| Blair William & Co/il | 36,249 | $129.4K | 0.0% | No change |
| Citadel Advisors LLC | 29,044 | $103.7K | 0.0% | +8,156 |
| Dimensional Fund Advisors LP | 22,164 | $79.1K | 0.0% | +1,419 |
| BlackRock, Inc. | 18,822 | $67.2K | 0.0% | New |
| De Lisle Partners LLP | 17,400 | $62.1K | 0.0% | −7,600 |
| Northern Trust Corp | 16,706 | $59.6K | 0.0% | +5,878 |
| State Street Corp | 15,698 | $56.0K | 0.0% | No change |
| Goldman Sachs Group Inc | 12,836 | $45.8K | 0.0% | −1,327 |
| Mercer Global Advisors Inc /adv | 12,500 | $44.6K | 0.0% | New |
| Elkhorn Partners Limited Partnership | 11,000 | $39.3K | 0.0% | −1,000 |
| Cannell & Spears LLC | 11,000 | $39.3K | 0.0% | No change |
| Royal Bank Of Canada | 827 | $3.0K | 0.0% | +80 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How NEPHROS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNEPHROS INC1
- CIK0001196298
- Employer ID (EIN)13-39718094
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address380 Lackawanna Place, South Orange, NJ 070791
- Phone201.343.52021
- Shares outstanding10,860,120 as of Aug 7, 20266
- Public float$27.3M as of Jun 30, 20254
- AuditorBaker Tilly US, LLP, Tewksbury, Massachusetts PCAOB ID 23; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceOct 22, 20021
- Filings1,036 in all: 4 (280), 8-K (229), 424B3 (75), 10-Q (56), 3 (39), EFFECT (32), SC 13D/A (27), UPLOAD (25)1
All 60 form types
POS AM (21), CORRESP (20), S-1/A (19), 10-K (18), DEF 14A (18), SC 13G (17), S-1 (13), DEFA14A (12), 10QSB (10), 4/A (9), D/A (9), S-8 (9), D (7), SC 13D (7), SC 13G/A (7), NT 10-Q (5), 10KSB (4), NT 10-K (4), PRE 14A (4), RW (4), S-3 (4), SB-2/A (4), 10-K/A (3), ARS (3), SC TO-C (3), 424B5 (2), 8-A12B (2), 8-A12B/A (2), 8-K/A (2), AW (2), CT ORDER (2), DEF 14C (2), PRE 14C (2), PRER14A (2), REGDEX (2), S-3/A (2), SCHEDULE 13G (2), 10KSB/A (1), 10QSB/A (1), 25-NSE (1), 424A (1), 424B1 (1), 5 (1), CERT (1), CERTAMX (1), DEFR14A (1), PRER14C (1), S-1MEF (1), SB-2 (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 12, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Oct 14, 2026
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.001 per share | NEPH | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks NEPHROS INC names in Item 1A of its 10-K filed Mar 12, 2026: 28 risks under these headings, as written.4
- Risks Related to Our Overall Business and Operations
- We have only a limited history of profitability and a significant accumulated deficit, and we may not be able to maintain or improve our profitability in the future.
- We may be unable to achieve or sustain revenue growth.
- We face significant challenges in obtaining market acceptance of our products, which could adversely affect our potential sales and revenues.
- If we are not able to successfully scale-up production of our products, then our sales and revenues will suffer.
- The revenue from our emergency response business is unpredictable and is subject to factors outside our control. As a result, our revenue and operating results may vary significantly from period to period.
- If we cannot develop adequate distribution, customer service and technical support networks, then we may not be able to market and distribute our products effectively and/or customers may decide not to order our products. In either case, our sales and revenues will suffer.
- We are dependent on third parties to supply us with our products, making us vulnerable to supply problems and price fluctuations.
- Significant developments resulting from recent and potential changes in United States tariff policies could have a material adverse effect on us.
- We are subject to minimum purchase obligations under our License and Supply Agreement with Medica and failure to meet these minimum purchase requirements may result in termination of the agreement, which could materially impact our ability to obtain our filtration products.
- We operate with a limited senior management team and are highly dependent on our sales and marketing personnel. Our business could be harmed if we are unable to attract and retain personnel necessary for our success.
- We rely on information technology systems and network infrastructure to operate and manage our business. If we experience a breach, cyber attack or other disruption to these systems or data, our business, results of operations and financial condition could be adversely affected.
The other 17 risks
- Product liability associated with the production, marketing, and sale of our products, and/or the expense of defending against claims of product liability, could materially deplete our assets and generate negative publicity which could impair our reputation.
- We cannot assure you that our products will be safe or that there will not be product-related deaths, serious injuries or product malfunctions. Further, we are required under applicable law to report any circumstances relating to our medically approved products that could result in deaths or serious injuries. These circumstances could trigger recalls, class action lawsuits and other events that could cause us to incur expenses and may also limit our ability to generate revenues from such products.
- We rely on both employees and third-party contractors to install and service our water filtration products, and any failure by these parties to perform adequately could adversely affect our business and reputation.
- Risks Related to Government Regulation
- If we violate any provisions of the FDC Act or any other statutes or regulations, then we could be subject to enforcement actions by the FDA or other governmental agencies.
- If we develop new water filter products in the future, we may be required to obtain regulatory approvals and clearances in the countries in which we intend to sell such products. If we fail to receive, or experience a significant delay in receiving, such approvals and clearances, then we may not be able to get our new products to market and enhance our revenues.
- Significant additional governmental regulation could subject us to unanticipated delays that would adversely affect our sales and revenues.
- If we are not able to maintain sufficient quality controls, then the approval or clearance of any of our future products by the FDA or other relevant authorities could be withdrawn, delayed, or denied and our sales and revenues will suffer.
- Risks Related to our Intellectual Property
- Protecting our intellectual property in our technology through patents may be costly and ineffective. If we are not able to adequately secure or enforce protection of our intellectual property, then we may not be able to compete effectively and we may not be profitable.
- If we are not able to secure and enforce protection of our trade secrets through enforcement of our confidentiality and non-competition agreements, then our competitors may gain access to our trade secrets, we may not be able to compete effectively, and we may not be profitable. Such protection may be costly and ineffective.
- Risks Related to Owning Our Common Stock
- The prices at which shares of the common stock trade have been and will likely continue to be volatile.
- Our common stock could be further diluted as a result of the issuance of additional shares of common stock, warrants or options.
- We have identified a material weakness in our internal control over financial reporting. If we are unable to remediate this material weakness, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect investor confidence in us and the value of our common stock.
- We have never paid dividends and do not intend to pay cash dividends.
- Several provisions of the Delaware General Corporation Law, our fourth amended and restated certificate of incorporation, as amended, and our second amended and restated bylaws could discourage, delay or prevent a merger or acquisition, which could adversely affect the market price of our common stock.
- As a smaller reporting company with little or no name recognition and with several risks and uncertainties that could impair our business operations, we are not likely to generate widespread interest in our common stock. Without widespread interest in our common stock, our common stock price may be highly volatile and an investment in our common stock could decline in value.
- Our directors, executive officers, and Wexford Capital control a significant portion of our stock and, if they choose to vote together, could have sufficient voting power to control the vote on substantially all corporate matters.
- Future sales of our common stock could cause the market price of our common stock to decline.
Legal proceedings
There are currently no material pending legal proceedings and, as far as we are aware, no governmental authority is contemplating any material proceeding to which we are a party or to which any of our properties is subject.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNEPHROS INC filings on SEC EDGAR
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- 3SEC EDGARNEPHROS INC filings on SEC EDGAR
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- 5SEC EDGARNEPHROS INC 10-K for fiscal 2025
- 6SEC EDGARNEPHROS INC 10-K for fiscal 2025
- 7SEC EDGARNEPHROS INC 10-K for fiscal 2019
- 8SEC EDGARNEPHROS INC 10-K for fiscal 2020
- 9SEC EDGARNEPHROS INC 10-K for fiscal 2021
- 10SEC EDGARNEPHROS INC 10-K for fiscal 2022
- 11SEC EDGARNEPHROS INC 10-K for fiscal 2023
- 12SEC EDGARNEPHROS INC 10-Q for fiscal 2026
- 13SEC EDGARNEPHROS INC 10-K for fiscal 2019
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- 16SEC EDGARDaron Evans, Chief executive officer
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- 29SEC EDGARLisa Marie Nettis, Board member
- 30SEC EDGARCharles E. Davidson, Board member
- 31SEC EDGARAlisa Lask, Board member
- 32SEC EDGARTom Gwydir, Board member
- 33SEC EDGARAndrew Astor, Board member
- 34SEC EDGAROliver J. Spandow, Board member
- 35SEC EDGARMalcolm C. Persen, Board member
- 36SEC EDGARMoshe Pinto, Board member
- 37SEC EDGARMatthew Rosenberg, Board member
- 38SEC EDGARDaron Evans, Board member
- 39SEC EDGARErnest Elgin Iii., Board member
- 40SEC EDGARArthur H. Amron, Board member
- 41SEC EDGARPaul A. Mieyal, Board member
- 42SEC EDGARJames S. Scibetta, Board member
- 43SEC EDGARBernard Salick, Board member
- 44SEC EDGAREric A. Rose Md., Board member
- 45SEC EDGARHoward Alan Davis, Board member
- 46SEC EDGARLawrence J. Centella, Board member
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- 48SEC EDGARJudy S. Slotkin, Board member
- 49SEC EDGARDirector nominations; Other events
- 50SEC EDGARResults of operations
- 51SEC EDGARRegulation FD disclosure
- 52SEC EDGARResults of operations
- 53SEC EDGARRegulation FD disclosure
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- 55SEC EDGARResults of operations
- 56SEC EDGARShareholder vote
- 57SEC EDGARResults of operations
- 58SEC EDGARExecutive or director change
- 59SEC EDGARRegulation FD disclosure
- 60SEC EDGARResults of operations
- 61NasdaqNasdaq calendar
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