Picard Medical, Inc. (PMI)

Picard Medical Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	2.81	0.1	0.24	0.15
Cash & Short-Term Investments	2.81	0.1	0.24	0.15
Cash Growth	46783.33%	-60.66%	60.53%	-
Accounts Receivable	0.89	0.51	0.63	0.88
Other Receivables	0.27	0.11	0.11	2.76
Receivables	1.16	0.63	0.74	3.64
Inventory	6.55	8.12	6.89	7.33
Prepaid Expenses	1.06	0.96	0.88	1
Total Current Assets	11.59	9.79	8.76	12.12
Property, Plant & Equipment	0.79	1.1	1.31	1.93
Goodwill	0.62	0.62	0.62	0.62
Other Intangible Assets	0.53	0.6	0.68	0.77
Total Assets	13.52	12.11	11.37	15.44
Accounts Payable	3.12	5.29	3.08	1.39
Accrued Expenses	1.82	2.86	1.76	0.72
Short-Term Debt	-	5.15	4.06	0.62
Current Portion of Long-Term Debt	-	14.83	-	-
Current Portion of Leases	0.44	0.43	0.31	0.27
Other Current Liabilities	-	6.76	-	-
Total Current Liabilities	5.37	35.33	9.21	3
Long-Term Debt	-	-	4.28	-
Long-Term Leases	0.18	0.52	0.76	1.07
Other Long-Term Liabilities	-	-	0.67	-
Total Liabilities	5.55	35.84	14.93	4.07
Common Stock	0.01	0	0	-
Additional Paid-In Capital	80.28	5.56	4.68	3.92
Retained Earnings	-72.55	-49.84	-28.79	-13.22
Comprehensive Income & Other	0.23	0.28	0.29	0.4
Total Common Equity	7.97	-44	-23.82	-8.9
Shareholders' Equity	7.97	-23.74	-3.55	11.37
Total Liabilities & Equity	13.52	12.11	11.37	15.44
Total Debt	0.62	20.93	9.41	1.96
Net Cash (Debt)	2.2	-20.83	-9.17	-1.81
Net Cash Per Share	0.11	-2.62	-1.15	-0.32
Filing Date Shares Outstanding	73.7	8.3	7.94	5.59
Total Common Shares Outstanding	73.7	7.94	7.94	5.59
Working Capital	6.22	-25.53	-0.45	9.12
Book Value Per Share	0.11	-5.54	-3.00	-1.59
Tangible Book Value	6.82	-45.21	-25.12	-10.28
Tangible Book Value Per Share	0.09	-5.69	-3.16	-1.84
Machinery	-	0.65	0.72	0.9
Leasehold Improvements	-	0.1	0.1	0.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q