Pulse Biosciences Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	0.35	-	-	0.7	1.42
Revenue Growth (YoY)	-	-	-	-50.63%	-
Cost of Revenue	0.54	-	-	11.94	1.97
Gross Profit	-0.19	-	-	-11.24	-0.55
Selling, General & Admin	32.03	23.92	15.78	25.97	33.82
Research & Development	44.72	32.34	27.8	20.84	28.64
Operating Expenses	76.75	56.26	43.57	46.81	62.46
Operating Income	-76.94	-56.26	-43.57	-58.06	-63.01
Interest Expense	-	-	-1.1	-0.9	-0.7
Interest & Investment Income	4.21	2.69	2.46	0.64	0.05
Other Non Operating Income (Expenses)	-0.05	-0.02	-	-	-
EBT Excluding Unusual Items	-72.78	-53.59	-42.21	-58.32	-63.66
Gain (Loss) on Sale of Assets	-	-	-	-0.19	-
Pretax Income	-72.78	-53.59	-42.21	-58.51	-63.66
Net Income	-72.78	-53.59	-42.21	-58.51	-63.66
Net Income to Common	-72.78	-53.59	-42.21	-58.51	-63.66
Shares Outstanding (Basic)	67	58	50	34	28
Shares Outstanding (Diluted)	67	58	50	34	28
Shares Change (YoY)	15.41%	17.41%	46.56%	21.35%	20.29%
EPS (Basic)	-1.08	-0.92	-0.85	-1.72	-2.28
EPS (Diluted)	-1.08	-0.92	-0.85	-1.72	-2.28
Free Cash Flow	-54.44	-36.47	-33.16	-47.41	-54.53
Free Cash Flow Per Share	-0.81	-0.62	-0.67	-1.40	-1.95
Gross Margin	-54.00%	-	-	-	-38.79%
Operating Margin	-21982.57%	-	-	-8293.86%	-4443.87%
Profit Margin	-20794.57%	-	-	-8357.86%	-4489.42%
Free Cash Flow Margin	-15553.43%	-	-	-6773.43%	-3845.84%
EBITDA	-75.87	-55.08	-42.37	-56.7	-61.87
D&A For EBITDA	1.07	1.18	1.21	1.36	1.15
EBIT	-76.94	-56.26	-43.57	-58.06	-63.01
Revenue as Reported	-	-	-	0.7	1.42

Source: S&P Global Market Intelligence. Standard template. Financial Sources.