The rapid subscription growth (42% in 5 days) and high-margin U.S. e-commerce ramp are the key catalysts. Watch for weekly subscription updates and Q4 actuals in early 2027 to validate whether the implied $35.7M+ quarterly revenue materializes and whether the 70% gross margin holds at scale.
Price Chart
Executive Summary
Cosmos Health issued a CEO letter and press release reaffirming FY2026 revenue guidance >$90M and projecting Q4 U.S. e-commerce revenue of ~$15M at ~70% gross margin, with active U.S. subscriptions surging 42% in five days to 8,940. The filing is forward-looking and lacks actual Q3 GAAP financials, but the implied Q4 step-up ($35.7M+ total revenue, +81% YoY) and rapid subscription growth signal accelerating top-line momentum.
Key Financial Metrics
Key Facts
- FY2026 revenue guidance reaffirmed at >$90M, implying Q4 revenue of ~$35.7M+ (up ~81% YoY from ~$19.7M in Q4 2025)
- Q4 U.S. e-commerce revenue expected ~$15M with ~$10.5M gross profit at ~70% gross margin
- Active U.S. subscriptions reached 8,940 as of Oct 19, up 42% from 6,287 five days earlier
- Monthly subscription value at standard renewal pricing reached $1,325,338, up 44% over five days
- Preliminary nine-month 2026 revenue ~$54.3M, up 19% YoY; every quarter of 2026 set a record
- CMO pipeline at Cana Laboratories >32.7M units, up sixfold since mid-2024
- Total liabilities down 13.3% in H1 2026; ~$20M in non-core assets (real estate + digital assets)
- More than 5.1M shares repurchased for ~$1.1M under $5.0M buyback program
- 2029 guidance: $200.6M revenue, $71.2M gross profit, $44.2M adjusted EBITDA
Financial Impact
Q4 2026 revenue implied at ~$35.7M+ (81% YoY growth); U.S. e-commerce segment alone expected to contribute ~$15M revenue and ~$10.5M gross profit at ~70% margin
Risk Factors
- All 2026 figures are preliminary, unaudited, and subject to revision; actual Q3/Q4 results may differ materially
- U.S. subscription growth is very early-stage (8,940 subs) and retention/churn are unproven; the implied 40,000 subs by year-end is aspirational
- Company-wide gross margin was only 12.1% in FY2025; the 70% U.S. margin is a small segment and may not offset low-margin distribution revenue
- No GAAP net income or EPS data provided; profitability timeline remains uncertain
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-006396 |
| Document: cosm_8k.htm | 0001477932-26-006396 |
| Document: cosm_ex991.htm | 0001477932-26-006396 |
| Document: 0001477932-26-006396-index-headers.html | 0001477932-26-006396 |
| Document: 0001477932-26-006396-index.html | 0001477932-26-006396 |
| Document: 0001477932-26-006396.txt | 0001477932-26-006396 |
| 8-K Data (Synthetic) | 0001477932-26-006396 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $0.2530 | awaiting T+20 | — | $0.2360 (−6.72%) |
Oct 16, 2026 11d ago | SC 13G/A | $0.3250 | awaiting T+20 | — | $0.2360 (−27.38%) |
Oct 9, 2026 18d ago | 8-K | $0.3496 | awaiting T+20 | — | $0.2360 (−32.49%) |
Sep 3, 2026 7w ago | Press Release | $0.2660 $0.4300 | ▼ −61.65% | ▼ −62.77% | $0.2360 (+11.28%) |
Aug 19, 2026 9w ago | Press Release | $0.1930 | awaiting T+20 | — | $0.2360 (−22.28%) |
Jul 20, 2026 14w ago | Press Release | $0.2303 $0.2050 | ▼ −10.99% | ▼ −15.11% | $0.2360 (+2.48%) |
Jul 17, 2026 14w ago | Press Release | $0.2348 $0.2179 | ▼ −7.20% | ▼ −11.64% | $0.2360 (+0.51%) |
Jul 16, 2026 14w ago | Press Release | $0.2807 $0.2065 | ▼ −26.43% | ▼ −30.05% | $0.2360 (−15.92%) |
Jul 15, 2026 14w ago | Press Release | $0.2785 $0.2071 | ▼ −25.64% | ▼ −27.98% | $0.2360 (−15.26%) |
Jul 14, 2026 15w ago | Press Release | $0.3071 $0.2198 | ▼ −28.43% | ▼ −30.92% | $0.2360 (−23.15%) |
US Market Status
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