Pulse Biosciences Balance Sheet

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
Cash & Equivalents	80.74	118.04	44.37	61.14	28.61
Cash & Short-Term Investments	80.74	118.04	44.37	61.14	28.61
Cash Growth	-31.60%	166.06%	-27.44%	113.67%	39.75%
Receivables	0.27	-	-	-	0.06
Inventory	0.14	-	-	-	5.82
Prepaid Expenses	2.28	1.41	0.96	1.01	2.13
Total Current Assets	83.42	119.45	45.33	62.15	36.63
Property, Plant & Equipment	7.06	8.32	8.78	10.02	11.25
Goodwill	2.79	2.79	2.79	2.79	2.79
Other Intangible Assets	0.58	1.22	1.89	2.55	3.22
Other Long-Term Assets	0.69	0.68	0.37	0.37	0.37
Total Assets	94.54	132.46	59.15	77.88	54.25
Accounts Payable	2.78	1.67	1.84	1.57	2.9
Accrued Expenses	3.58	5.83	3.81	2.55	3.78
Short-Term Debt	-	-	-	-	0.44
Current Portion of Long-Term Debt	-	-	-	0.92	-
Current Portion of Leases	1.57	1.36	1.06	0.9	0.77
Current Unearned Revenue	-	-	-	-	0.02
Other Current Liabilities	-	1.2	-	0.05	0.61
Total Current Liabilities	7.92	10.06	6.71	5.98	8.52
Long-Term Debt	-	-	-	65	-
Long-Term Leases	5.96	7.54	8.09	9.14	10.04
Total Liabilities	13.88	17.6	14.79	80.13	18.56
Common Stock	0.07	0.07	0.06	0.04	0.03
Additional Paid-In Capital	543.87	505.3	381.22	292.42	271.86
Retained Earnings	-463.28	-390.5	-336.92	-294.71	-236.2
Shareholders' Equity	80.66	114.86	44.36	-2.25	35.69
Total Liabilities & Equity	94.54	132.46	59.15	77.88	54.25
Total Debt	7.53	8.9	9.14	75.96	11.25
Net Cash (Debt)	73.21	109.14	35.22	-14.82	17.36
Net Cash Growth	-32.93%	209.87%	-	-	90.42%
Net Cash Per Share	1.09	1.87	0.71	-0.44	0.62
Filing Date Shares Outstanding	67.99	67.27	55.23	37.59	29.8
Total Common Shares Outstanding	67.84	65.93	55.14	37.24	29.72
Working Capital	75.5	109.39	38.62	56.17	28.11
Book Value Per Share	1.19	1.74	0.80	-0.06	1.20
Tangible Book Value	77.29	110.85	39.68	-7.59	29.68
Tangible Book Value Per Share	1.14	1.68	0.72	-0.20	1.00
Machinery	2.61	2.31	2.21	2.08	1.95
Construction In Progress	0.01	0.03	-	0.02	0.19
Leasehold Improvements	2.52	2.52	2.52	2.52	2.52

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