Picard Medical, Inc. (PMI)

Picard Medical Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	4.46	4.39	5.04	4.11
Revenue Growth (YoY)	1.36%	-12.93%	22.61%	-
Cost of Revenue	5.48	4.5	7.35	9.1
Gross Profit	-1.02	-0.11	-2.31	-4.99
Selling, General & Admin	10.46	10.22	10.98	4.18
Research & Development	3.3	3.38	2.21	1.9
Operating Expenses	13.76	13.6	13.19	6.08
Operating Income	-14.78	-13.71	-15.5	-11.07
Interest Expense	-5.8	-3.07	-0.14	-0.01
Interest & Investment Income	-	-	0	0.01
Other Non Operating Income (Expenses)	-6.74	-4.29	0.07	-0.09
Pretax Income	-27.31	-21.07	-15.57	-11.16
Income Tax Expense	0.02	-0.02	-0	0.01
Net Income	-27.33	-21.06	-15.57	-11.17
Preferred Dividends & Other Adjustments	2.93	2.68	2.43	1.5
Net Income to Common	-30.26	-23.74	-18	-12.67
Shares Outstanding (Basic)	8	8	8	6
Shares Outstanding (Diluted)	8	8	8	6
Shares Change (YoY)	2.77%	-	42.07%	-
EPS (Basic)	-3.71	-2.99	-2.27	-2.27
EPS (Diluted)	-3.71	-2.99	-2.27	-2.27
Free Cash Flow	-10.54	-11.87	-10.64	-10.75
Free Cash Flow Per Share	-1.29	-1.50	-1.34	-1.92
Gross Margin	-22.91%	-2.55%	-45.83%	-121.27%
Operating Margin	-331.38%	-312.27%	-307.40%	-269.07%
Profit Margin	-678.30%	-540.58%	-356.97%	-308.05%
Free Cash Flow Margin	-236.31%	-270.42%	-211.01%	-261.42%
EBITDA	-14.62	-13.49	-14.92	-10.52
EBITDA Margin	-	-	-295.80%	-255.82%
D&A For EBITDA	0.17	0.23	0.59	0.55
EBIT	-14.78	-13.71	-15.5	-11.07
EBIT Margin	-	-	-	-269.07%
Revenue as Reported	4.46	4.39	5.04	4.11

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

SEC Filings: 10-K · 10-Q