Picard Medical, Inc. (PMI)

Picard Medical Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	4.94	4.39	5.04	4.11
Revenue Growth (YoY)	12.50%	-12.93%	22.61%	-
Cost of Revenue	5.14	4.5	7.35	9.1
Gross Profit	-0.2	-0.11	-2.31	-4.99
Selling, General & Admin	10	10.22	10.98	4.18
Research & Development	3.05	3.38	2.21	1.9
Total Operating Expenses	13.05	13.6	13.19	6.08
Operating Income	-13.26	-13.71	-15.5	-11.07
Interest Expense	-5.39	-3.07	-0.14	-0.01
Other Non-Operating Income (Expense)	-8.32	-4.29	-	-
Total Non-Operating Income (Expense)	-13.71	-7.36	-0.14	-0.01
Pretax Income	-26.97	-21.07	-15.57	-11.16
Provision for Income Taxes	0.04	-0.02	-0	0.01
Net Income	-27	-23.74	-18	-12.67
Net Income Attributable to Preferred Dividends	-	2.68	2.43	1.5
Net Income to Common	-27	-23.74	-18	-12.67
Shares Outstanding (Basic)	36	8	8	6
Shares Outstanding (Diluted)	36	8	8	6
Shares Change (YoY)	356.13%	-	42.07%	-
EPS (Basic)	-0.75	-2.99	-2.27	-2.27
EPS (Diluted)	-0.75	-2.99	-2.27	-2.27
Shares Outstanding	73.7	7.94	7.94	7.94
Free Cash Flow	-15.67	-11.87	-10.64	-10.75
Free Cash Flow Per Share	-0.43	-1.49	-1.34	-1.92
Gross Margin	-4.13%	-2.55%	-45.83%	-121.27%
Operating Margin	-268.36%	-312.28%	-307.40%	-269.07%
Profit Margin	-546.60%	-479.50%	-308.72%	-271.53%
FCF Margin	-317.27%	-270.42%	-211.01%	-261.42%
EBITDA	-13.09	-13.49	-14.92	-10.52
EBITDA Margin	-265.06%	-307.13%	-295.80%	-255.82%
EBIT	-13.26	-13.71	-15.5	-11.07
EBIT Margin	-268.36%	-312.28%	-307.40%	-269.07%
Effective Tax Rate	-0.13%	0.07%	0.01%	-0.10%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q