Kamada Posts Record Q2 Revenue
Kamada reports record Q2 revenue of $54.9M, up 23% YoY, and Adjusted EBITDA of $14.1M, up 29% YoY
KMDA Kamada delivered a decisive rebound in Q2 2026, generating record revenues of $54.9M (+23% YoY) and putting to rest concerns over Q1's logistical delays.
Top-line acceleration, coupled with strict operating expense control, drove Adjusted EBITDA up 29% YoY to $14.1M.
Crucially, the company validated its vertical integration strategy by securing a three-year, $50M agreement for normal source plasma (NSP) sales, slated to begin in Q4 2026.
While gross margins slightly compressed, the sheer volume growth and H1 operating cash flow of $17.8M (+137% YoY) cement the company's ability to fund its M&A and dividend goals internally.