| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 21.48 | 69.9% | 62.9% |
| Total Income | 21.48 | 69.9% | 62.9% |
| Expenditure | 21.05 | 49.0% | 56.5% |
| PBT | -1.38 | 27.8% | 97.1% |
| Net Profit | -1.38 | 28.1% | 97.1% |
| OPM | 2.01% | 13.86pp | 3.98pp |
| NPM | -6.42% | 8.73pp | 1.12pp |
| EPS | -0.11 | 47.6% | 15.4% |
Capstone Holding Corp. Reports Q2 2026 Results: Revenue Up 67%, Gross Profit Up 92%
12 Aug 2026 · 12 Aug, 6:42 pm
Summary
Capstone Holding Corp. announced strong second-quarter 2026 results, with revenue surging 67% year-over-year to $21.5 million and gross profit increasing 92% to $6.0 million. The Stone Business achieved a positive Adjusted EBITDA of $2.0 million, meeting guidance and showing a substantial improvement from the previous quarter. The company reaffirmed its full-year 2026 guidance, anticipating $72.1 million in revenue and $18.7 million in gross profit. Management expressed confidence in continued momentum, highlighting platform improvements, new product scaling, and operational efficiencies.
Key Highlights
- 1
Capstone Holding Corp. reported a 67% year-over-year revenue increase to $21.5 million for the second quarter of 2026.
- 2
Gross profit grew by 92% to $6.0 million in Q2 2026, with gross margin expanding 357 basis points to 27.9%.
- 3
The Stone Business achieved an Adjusted EBITDA of $2.0 million at a 9.4% margin in Q2 2026, marking a significant improvement and meeting guided expectations.
- 4
The company reaffirmed its full-year 2026 guidance, projecting $72.1 million in revenue and $18.7 million in gross profit.
- 5
New products like Eldorado Stone have scaled rapidly, reaching 81 dealers across 17 states within ten weeks of launch.
- 6
Capstone Holding Corp. is set to open its ninth location on August 17, 2026, combining distribution and installation services.
- 7
The company's AI Operating System has been in production since April 7, 2026, supporting supply chain and finance functions.
Management Comments
Matthew Lipman
In the second quarter, we achieved the profitability and EBITDA inflection we guided to in the first quarter. We enter Q3—our strongest selling season—with considerable momentum. Our platform is larger, more productive, and more profitable than it was a year ago. Gross profit continues to outpace revenue growth, a clear sign that our scale is reaching the bottom line. We are now entering the strongest months of our selling season following a historically cold and wet winter. We do so with more products, more locations, and a more efficient platform. Location nine opens on August 17 with five customers already signed, and Eldorado Stone has expanded into 17 states just ten weeks after launch. Building on the strong momentum established in the second quarter, we believe we are well positioned to execute on our second-half objectives and reaffirm our full-year guidance.
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