NASDAQ : ATRC
AtriCure, Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 61.25 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 3.12B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
AtriCure, Inc. (ATRC) reported revenue of 569.62M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 569.62M | 534.53M | 465.31M | 399.25M | 330.38M | 274.33M |
| Cost of Revenue | 135.01M | 133.75M | 117.78M | 98.88M | 84.44M | 68.47M |
| Gross Profit | 434.61M | 400.78M | 347.52M | 300.37M | 245.94M | 205.86M |
| Selling, General & Admin | 323.69M | 311.02M | 291.36M | 260.64M | 231.27M | 204.65M |
| Research & Development | 98.03M | 99.21M | 96.18M | 73.92M | 57.34M | 48.51M |
| Operating Expenses | 421.72M | 410.23M | 387.54M | 334.55M | 288.61M | 253.16M |
| Operating Income | 12.89M | -9.45M | -40.01M | -34.18M | -42.67M | -47.30M |
| Interest Expense | -5.63M | -5.88M | -6.41M | -6.92M | -4.99M | -4.92M |
| Interest & Investment Income | 4.92M | 4.48M | 4.43M | 3.79M | 1.99M | 466.00K |
| Currency Exchange Gain (Loss) | 683.00K | 683.00K | -326.00K | -31.00K | -537.00K | -366.00K |
| EBT Excluding Unusual Items | 12.09M | -10.16M | -42.31M | -37.35M | -46.20M | -52.11M |
| Asset Writedown | -82.30M | |||||
| Legal Settlements | 7.50M | |||||
| Other Unusual Items | -1.36M | 184.80M | ||||
| Pretax Income | 12.09M | -10.16M | -43.67M | -29.85M | -46.20M | 50.39M |
| Income Tax Expense | 1.54M | 1.28M | 1.02M | 591.00K | 268.00K | 188.00K |
| Net Income | 10.55M | -11.45M | -44.70M | -30.44M | -46.47M | 50.20M |
| Net Income to Common | 10.55M | -11.45M | -44.70M | -30.44M | -46.47M | 50.20M |
| Shares Outstanding (Basic) | 48.22M | 47.75M | 46.97M | 46.31M | 45.74M | 45.07M |
| Shares Outstanding (Diluted) | 48.52M | 47.75M | 46.97M | 46.31M | 45.74M | 46.04M |
| EPS (Basic) | 0.22 | -0.24 | -0.95 | -0.66 | -1.02 | 1.11 |
| EPS (Diluted) | 0.21 | -0.24 | -0.95 | -0.66 | -1.02 | 1.09 |
| Free Cash Flow | 53.11M | 48.28M | 745.00K | -7.51M | -39.02M | -23.53M |
| Free Cash Flow Per Share | 1.09 | 1.01 | 0.02 | -0.16 | -0.85 | -0.51 |
| Gross Margin | 76.30% | 74.98% | 74.69% | 75.23% | 74.44% | 75.04% |
| Operating Margin | 2.26% | -1.77% | -8.60% | -8.56% | -12.91% | -17.24% |
| Profit Margin | 1.85% | -2.14% | -9.61% | -7.62% | -14.06% | 18.30% |
| Free Cash Flow Margin | 9.32% | 9.03% | 0.16% | -1.88% | -11.81% | -8.58% |
| EBITDA | 33.75M | 11.08M | -21.28M | -19.37M | -30.96M | -36.85M |
| EBITDA Margin | 5.92% | 2.07% | -4.57% | -4.85% | -9.37% | -13.43% |
| D&A For EBITDA | 20.86M | 20.53M | 18.73M | 14.81M | 11.71M | 10.44M |
| EBIT | 12.89M | -9.45M | -40.01M | -34.18M | -42.67M | -47.30M |
| EBIT Margin | 2.26% | -1.77% | -8.60% | -8.56% | -12.91% | -17.24% |
| Effective Tax Rate | 12.75% | 0.37% | ||||
| Advertising Expenses | 2.23M | 2.82M | 1.70M | 1.23M | 907.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 167.79M | 167.43M | 122.72M | 84.31M | 58.10M | 43.65M |
| Short-Term Investments | 52.98M | 63.01M | 75.44M | |||
| Cash & Short-Term Investments | 167.79M | 167.43M | 122.72M | 137.28M | 121.11M | 119.09M |
| Receivables | 79.98M | 66.65M | 60.34M | 52.50M | 42.69M | 33.02M |
| Inventory | 83.92M | 78.49M | 75.33M | 67.90M | 45.93M | 38.96M |
| Prepaid Expenses | 13.84M | 9.94M | 9.43M | 8.56M | 5.48M | 5.00M |
| Total Current Assets | 345.53M | 322.52M | 267.83M | 266.25M | 215.21M | 196.08M |
| Property, Plant & Equipment | 48.49M | 45.99M | 47.39M | 46.76M | 42.62M | 36.17M |
| Long-Term Investments | 51.51M | 104.34M | ||||
| Goodwill | 234.78M | 234.78M | 234.78M | 234.78M | 234.78M | 234.78M |
| Other Intangible Assets | 43.26M | 48.03M | 56.47M | 63.99M | 39.34M | 42.99M |
| Other Long-Term Assets | 4.58M | 2.86M | 2.87M | 2.16M | 1.99M | 955.00K |
| Total Assets | 676.64M | 654.18M | 609.33M | 613.93M | 585.45M | 615.31M |
| Accounts Payable | 35.85M | 25.31M | 25.03M | 27.35M | 19.90M | 18.60M |
| Accrued Expenses | 38.88M | 49.61M | 42.46M | 41.93M | 30.23M | 33.68M |
| Current Portion of Long-Term Debt | 116.00K | 81.00K | 3.33M | |||
| Current Portion of Leases | 3.06M | 3.04M | 2.81M | 2.53M | 2.14M | 1.76M |
| Other Current Liabilities | 4.01M | 3.48M | 3.12M | 2.75M | 2.80M | 2.42M |
| Total Current Liabilities | 81.92M | 81.52M | 73.42M | 74.57M | 58.39M | 56.45M |
| Long-Term Debt | 61.00M | 61.87M | 61.87M | 60.59M | 56.83M | 59.74M |
| Long-Term Leases | 10.05M | 11.52M | 11.86M | 11.37M | 12.24M | 14.15M |
| Other Long-Term Liabilities | 7.25M | 7.34M | 1.21M | 1.23M | 1.23M | 1.22M |
| Total Liabilities | 160.21M | 162.24M | 148.36M | 147.76M | 128.69M | 131.56M |
| Common Stock | 51.00K | 50.00K | 49.00K | 48.00K | 47.00K | 46.00K |
| Additional Paid-In Capital | 920.42M | 904.52M | 863.71M | 824.17M | 787.42M | 764.81M |
| Retained Earnings | -404.14M | -413.20M | -401.75M | -357.06M | -326.62M | -280.15M |
| Comprehensive Income & Other | 101.00K | 566.00K | -1.03M | -993.00K | -4.10M | -948.00K |
| Shareholders' Equity | 516.43M | 491.94M | 460.97M | 466.17M | 456.75M | 483.76M |
| Total Liabilities & Equity | 676.64M | 654.18M | 609.33M | 613.93M | 585.45M | 615.31M |
| Total Debt | 74.22M | 76.50M | 76.53M | 74.49M | 74.55M | 75.65M |
| Net Cash (Debt) | 93.56M | 90.93M | 46.19M | 62.79M | 46.56M | 43.44M |
| Net Cash Per Share | 1.93 | 1.90 | 0.98 | 1.36 | 1.02 | 0.94 |
| Filing Date Shares Outstanding | 50.87M | 49.81M | 48.88M | 47.59M | 46.57M | 46.03M |
| Total Common Shares Outstanding | 50.86M | 49.79M | 48.87M | 47.53M | 46.56M | 46.02M |
| Working Capital | 263.62M | 241.00M | 194.40M | 191.68M | 156.82M | 139.63M |
| Book Value Per Share | 10.15 | 9.88 | 9.43 | 9.81 | 9.81 | 10.51 |
| Tangible Book Value | 238.39M | 209.13M | 169.72M | 167.40M | 182.63M | 205.98M |
| Tangible Book Value Per Share | 4.69 | 4.20 | 3.47 | 3.52 | 3.92 | 4.48 |
| Land | 1.26M | 1.01M | 1.01M | 1.01M | 1.01M | |
| Buildings | 28.91M | 29.31M | 29.19M | 28.95M | 22.98M | |
| Machinery | 73.67M | 68.31M | 57.33M | 51.79M | 42.70M | |
| Construction In Progress | 5.04M | 4.33M | 7.33M | 3.91M | 6.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.55M | -11.45M | -44.70M | -30.44M | -46.47M | 50.20M |
| Depreciation & Amortization | 20.86M | 20.53M | 18.73M | 14.81M | 11.71M | 10.44M |
| Other Amortization | 449.00K | 478.00K | 478.00K | 486.00K | 507.00K | 759.00K |
| Asset Writedown & Restructuring Costs | 1.00M | 6.00M | 12.00M | 82.30M | ||
| Loss (Gain) From Sale of Investments | 107.00K | 632.00K | 1.48M | 2.48M | ||
| Stock-Based Compensation | 47.27M | 44.69M | 40.41M | 35.73M | 28.77M | 28.08M |
| Other Operating Activities | 2.24M | 1.37M | 3.54M | 1.50M | 739.00K | -183.19M |
| Change in Accounts Receivable | -14.55M | -5.61M | -8.30M | -9.87M | -8.99M | -10.09M |
| Change in Inventory | -7.82M | -2.26M | -7.74M | -21.83M | -7.30M | -4.27M |
| Change in Accounts Payable | 8.10M | -960.00K | -1.53M | 6.18M | 2.68M | 4.71M |
| Change in Other Net Operating Assets | -3.16M | 4.54M | -786.00K | 7.29M | -5.26M | 4.80M |
| Operating Cash Flow | 64.94M | 57.33M | 12.20M | 4.48M | -22.14M | -13.78M |
| Capital Expenditures | -11.82M | -9.05M | -11.46M | -12.00M | -16.88M | -9.75M |
| Sale of Property, Plant & Equipment | 25.00K | |||||
| Sale (Purchase) of Intangibles | -1.00M | -6.00M | -12.00M | -30.00M | ||
| Investment in Securities | 53.67M | 63.81M | 60.89M | 33.26M | ||
| Other Investing Activities | 500.00K | |||||
| Investing Cash Flow | -12.82M | -14.55M | 30.23M | 21.82M | 44.01M | 23.50M |
| Long-Term Debt Issued | 6.25M | 61.21M | 5.00M | |||
| Long-Term Debt Repaid | -1.20M | -62.88M | -992.00K | -899.00K | -5.82M | |
| Net Debt Issued (Repaid) | 4.10M | 5.05M | -1.67M | -992.00K | -899.00K | -816.00K |
| Issuance of Common Stock | 7.11M | 7.29M | 6.09M | 7.58M | 6.04M | 12.36M |
| Repurchase of Common Stock | -12.34M | -11.16M | -6.95M | -6.56M | -12.20M | -18.01M |
| Other Financing Activities | -779.00K | -1.07M | -60.00K | -1.17M | ||
| Financing Cash Flow | -1.91M | 1.18M | -3.60M | -32.00K | -7.06M | -7.64M |
| Foreign Exchange Rate Adjustments | -213.00K | 747.00K | -424.00K | -58.00K | -361.00K | -372.00K |
| Net Cash Flow | 49.99M | 44.71M | 38.41M | 26.21M | 14.45M | 1.71M |
| Free Cash Flow | 53.11M | 48.28M | 745.00K | -7.51M | -39.02M | -23.53M |
| Free Cash Flow Margin | 9.32% | 9.03% | 0.16% | -1.88% | -11.81% | -8.58% |
| Free Cash Flow Per Share | 1.09 | 1.01 | 0.02 | -0.16 | -0.85 | -0.51 |
| Levered Free Cash Flow | 48.81M | 38.86M | -10.42M | -32.41M | -24.56M | -3.61M |
| Unlevered Free Cash Flow | 51.88M | 42.06M | -6.89M | -28.57M | -21.95M | -1.29M |
| Cash Interest Paid | 5.07M | 5.25M | 5.95M | 6.38M | 4.27M | 4.22M |
| Cash Income Tax Paid | 1.46M | 1.29M | 619.00K | 395.00K | 192.00K | 190.00K |
| Change in Working Capital | -17.43M | -4.29M | -18.36M | -18.24M | -18.88M | -4.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.12B | 1.97B | 1.49B | 1.69B | 2.06B | 3.19B |
| Enterprise Value | 3.02B | 1.90B | 1.44B | 1.63B | 2.02B | 3.15B |
| Last Close Price | 61.25 | 39.56 | 30.56 | 35.69 | 44.38 | 69.53 |
| PE Ratio | 290.52 | 63.62 | ||||
| PS Ratio | 5.47 | 3.68 | 3.20 | 4.24 | 6.25 | 11.64 |
| PB Ratio | 6.03 | 4.00 | 3.23 | 3.63 | 4.52 | 6.60 |
| P/TBV Ratio | 13.07 | 9.40 | 8.78 | 10.11 | 11.30 | 15.50 |
| P/FCF Ratio | 58.66 | 40.73 | 1,999.87 | |||
| P/OCF Ratio | 47.98 | 34.30 | 122.08 | 377.24 | ||
| EV/Sales Ratio | 5.31 | 3.55 | 3.09 | 4.09 | 6.10 | 11.47 |
| EV/EBITDA Ratio | 89.55 | 171.03 | ||||
| EV/FCF Ratio | 56.90 | 39.26 | 1,928.45 | |||
| Debt / Equity Ratio | 0.14 | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 |
| Debt / EBITDA Ratio | 2.07 | 5.86 | ||||
| Debt / FCF Ratio | 1.40 | 1.58 | 102.72 | |||
| Net Debt / Equity Ratio | -0.18 | -0.18 | -0.10 | -0.14 | -0.10 | -0.09 |
| Net Debt / EBITDA Ratio | -2.77 | -8.20 | 2.17 | 3.24 | 1.50 | 1.18 |
| Net Debt / FCF Ratio | -1.76 | -1.88 | -62.00 | 8.36 | 1.19 | 1.85 |
| Asset Turnover | 0.89 | 0.85 | 0.76 | 0.67 | 0.55 | 0.41 |
| Inventory Turnover | 1.69 | 1.74 | 1.65 | 1.74 | 1.99 | 1.85 |
| Quick Ratio | 3.02 | 2.87 | 2.49 | 2.54 | 2.81 | 2.69 |
| Current Ratio | 4.22 | 3.96 | 3.65 | 3.57 | 3.69 | 3.47 |
| Return on Equity (ROE) | 2.15% | -2.40% | -9.64% | -6.60% | -9.88% | 11.20% |
| Return on Assets (ROA) | 1.25% | -0.94% | -4.09% | -3.56% | -4.44% | -4.45% |
| Return on Invested Capital (ROIC) | 2.67% | -2.32% | -9.78% | -8.40% | -10.03% | -13.81% |
| Return on Capital Employed (ROCE) | 2.20% | -1.60% | -7.50% | -6.30% | -8.10% | -8.50% |
| Earnings Yield | 0.34% | -0.58% | -3.00% | -1.80% | -2.25% | 1.57% |
| FCF Yield | 1.70% | 2.46% | 0.05% | -0.44% | -1.89% | -0.74% |
| Buyback Yield / Dilution | -2.50% | -1.67% | -1.42% | -1.24% | 0.65% | -9.29% |