Picard Medical Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	5.48	4.94	4.39	5.04	4.11
Revenue Growth	80.70%	12.50%	-12.93%	22.61%	-
Cost of Revenue	5.05	5.14	4.5	7.35	9.1
Gross Profit	0.43	-0.2	-0.11	-2.31	-4.99
Selling, General & Admin	10.82	10	10.22	10.98	4.18
Research & Development	4.14	3.05	3.38	2.21	1.9
Total Operating Expenses	14.95	13.05	13.6	13.19	6.08
Operating Income	-14.52	-13.26	-13.71	-15.5	-11.07
Interest Income	-	-	-	0	0.01
Interest Expense	-4.84	-7.69	-3.07	-0.14	-0.01
Other Non-Operating Income (Expense)	-7.39	-19.73	-11.65	0.07	-0.09
Total Non-Operating Income (Expense)	-12.24	-27.42	-14.72	-0.07	-0.09
Pretax Income	-29.05	-26.97	-21.07	-15.57	-11.16
Provision for Income Taxes	0.07	0.04	-0.02	-0	0.01
Net Income	-29.06	-27	-21.06	-15.57	-11.17
Net Income Attributable to Preferred Dividends	0.78	-	-2.68	-2.43	-1.5
Net Income to Common	-29.85	-27	-23.74	-18	-12.67
Net Income Growth	-	-	-	-	-
Shares Outstanding (Basic)	1	1	0	0	0
Shares Outstanding (Diluted)	1	1	0	0	0
Shares Change	564.94%	356.13%	-	42.07%	-
EPS (Basic)	-46.50	-37.50	-149.50	-113.50	-113.36
EPS (Diluted)	-46.50	-37.50	-149.50	-113.50	-113.36
EPS Growth	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	-17.26	-15.67	-11.87	-10.64	-10.75
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Per Share	-16.33	-21.63	-74.74	-66.98	-96.15
Gross Margin	7.83%	-4.13%	-2.55%	-45.83%	-121.27%
Operating Margin	-265.14%	-268.36%	-312.27%	-307.40%	-269.07%
Profit Margin	-530.53%	-546.60%	-479.50%	-308.73%	-271.53%
FCF Margin	-315.10%	-317.27%	-270.42%	-211.01%	-261.42%
EBITDA	-14.36	-13.09	-13.49	-14.92	-10.52
EBITDA Margin	-262.10%	-265.06%	-307.13%	-295.80%	-255.82%
EBIT	-14.52	-13.26	-13.71	-15.5	-11.07
EBIT Margin	-265.14%	-268.36%	-312.27%	-307.40%	-269.07%
Effective Tax Rate	-0.23%	-0.13%	0.07%	0.01%	-0.10%

SEC Filings: 10-K · 10-Q