Park Dental Partners (PARK) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 6.0% YoY to $64.9M, while gross margin and Adjusted EBITDA declined; operating results turned to a $0.1M loss, and a $1.9M tax benefit supported $1.7M net income.

• Village Family closed Nov. 6, expanding the affiliated network into a fourth state; integration began immediately, with results expected in Q4 2026.

Financial highlights

• Q3 revenue was $64.9M vs. $61.3M; gross margin was $8.2M vs. $9.4M, operating loss was $0.1M vs. operating income of $1.8M, and net income was $1.7M vs. $1.3M.

• 9M revenue was $193.8M vs. $183.3M; gross margin was $24.1M vs. $31.2M, operating loss was $0.7M vs. operating income of $8.5M, and net income was $2.7M vs. $5.4M.

• Diluted EPS was $0.27 in Q3 and $0.43 for 9M, vs. $0.72 and $3.06; adjusted diluted EPS was $0.57 and $1.68, vs. $1.19 and $4.21.

• Adjusted EBITDA was $5.0M in Q3 vs. $5.3M and $17.1M for 9M vs. $18.3M.

Outlook and guidance

• FY2026 revenue outlook is $262M-$265M, versus 2025 actual revenue of $244.5M; midpoint change is 5.5%.

• FY2026 Adjusted EBITDA outlook is $21.2M-$22.2M, with an 8.1%-8.4% margin, versus 2025 actual of $22.0M and 9.0%.

• Outlook includes Village Family's expected contribution through year-end, clinical-capacity investment and the Q3 cybersecurity event; assumptions include continued demand, stable reimbursement, recruitment and retention, and acquired-practice contributions.