NASDAQ : DCTH
Delcath Systems, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 14.64 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 507.99M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Delcath Systems, Inc. (DCTH) reported revenue of 95.42M 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 95.42M | 85.23M | 37.20M | 2.06M | 2.55M | 1.30M |
| Other Revenue | 171.00K | 2.25M | ||||
| Revenue | 95.42M | 85.23M | 37.20M | 2.06M | 2.72M | 3.56M |
| Cost of Revenue | 12.36M | 11.80M | 6.19M | 635.00K | 686.00K | 671.00K |
| Gross Profit | 83.06M | 73.43M | 31.02M | 1.43M | 2.03M | 2.88M |
| Selling, General & Admin | 47.32M | 43.53M | 29.55M | 22.11M | 17.30M | 13.64M |
| Research & Development | 37.56M | 29.25M | 13.87M | 17.50M | 18.58M | 13.78M |
| Operating Expenses | 84.88M | 72.77M | 43.43M | 39.61M | 35.89M | 27.41M |
| Operating Income | -1.81M | 660.00K | -12.41M | -38.18M | -33.85M | -24.53M |
| Interest Expense | -1.44M | -2.69M | -1.19M | |||
| Interest & Investment Income | 3.22M | 2.92M | 125.00K | |||
| Other Non Operating Income (Expenses) | -115.00K | -70.00K | -14.10M | -8.06M | 30.00K | 68.00K |
| EBT Excluding Unusual Items | 1.29M | 3.51M | -26.39M | -47.68M | -36.51M | -25.65M |
| Pretax Income | 1.29M | 3.51M | -26.39M | -47.68M | -36.51M | -25.65M |
| Income Tax Expense | 760.00K | 810.00K | ||||
| Net Income | 532.00K | 2.70M | -26.39M | -47.68M | -36.51M | -25.65M |
| Net Income to Common | 532.00K | 2.70M | -26.39M | -47.68M | -36.51M | -25.65M |
| Shares Outstanding (Basic) | 36.19M | 35.82M | 28.51M | 16.23M | 8.86M | 7.15M |
| Shares Outstanding (Diluted) | 39.77M | 39.92M | 28.51M | 16.23M | 8.86M | 7.15M |
| EPS (Basic) | 0.01 | 0.08 | -0.93 | -2.94 | -4.12 | -3.59 |
| EPS (Diluted) | 0.01 | 0.07 | -0.93 | -2.94 | -4.12 | -3.59 |
| Free Cash Flow | 17.51M | 20.97M | -19.24M | -31.31M | -25.16M | -22.75M |
| Free Cash Flow Per Share | 0.44 | 0.53 | -0.68 | -1.93 | -2.84 | -3.18 |
| Gross Margin | 87.05% | 86.16% | 83.37% | 69.25% | 74.77% | 81.12% |
| Operating Margin | -1.90% | 0.77% | -33.36% | -1,849.01% | -1,245.05% | -690.04% |
| Profit Margin | 0.56% | 3.17% | -70.92% | -2,308.86% | -1,342.70% | -721.49% |
| Free Cash Flow Margin | 18.35% | 24.60% | -51.71% | -1,516.17% | -925.30% | -639.86% |
| EBITDA | -1.46M | 898.00K | -12.28M | -38.05M | -33.72M | -24.39M |
| EBITDA Margin | -1.52% | 1.05% | -33.00% | |||
| D&A For EBITDA | 359.00K | 238.00K | 134.00K | 128.00K | 132.00K | 146.00K |
| EBIT | -1.81M | 660.00K | -12.41M | -38.18M | -33.85M | -24.53M |
| EBIT Margin | -1.90% | 0.77% | -33.36% | |||
| Effective Tax Rate | 58.82% | 23.08% | ||||
| Revenue as Reported | 2.72M | 3.56M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 47.52M | 43.45M | 32.41M | 12.65M | 7.67M | 22.80M |
| Short-Term Investments | 48.38M | 47.58M | 20.82M | 19.81M | ||
| Cash & Short-Term Investments | 95.90M | 91.04M | 53.23M | 32.45M | 7.67M | 22.80M |
| Accounts Receivable | 15.94M | 11.74M | 10.89M | 241.00K | 366.00K | 44.00K |
| Other Receivables | 328.00K | 499.00K | 125.00K | 151.00K | ||
| Receivables | 16.27M | 12.24M | 11.02M | 392.00K | 366.00K | 44.00K |
| Inventory | 11.71M | 10.25M | 6.93M | 3.32M | 2.00M | 1.41M |
| Prepaid Expenses | 4.41M | 4.45M | 1.19M | 603.00K | 1.87M | 2.54M |
| Restricted Cash | 50.00K | 4.15M | 4.15M | |||
| Other Current Assets | 2.24M | 1.55M | 1.39M | 337.00K | 95.00K | 208.00K |
| Total Current Assets | 130.54M | 119.53M | 73.76M | 37.16M | 16.16M | 31.15M |
| Property, Plant & Equipment | 6.48M | 4.10M | 2.83M | 1.46M | 1.71M | 1.97M |
| Total Assets | 137.02M | 123.63M | 76.59M | 38.61M | 17.86M | 33.12M |
| Accounts Payable | 4.01M | 2.66M | 961.00K | 1.01M | 2.02M | 638.00K |
| Accrued Expenses | 8.70M | 7.79M | 4.84M | 5.17M | 4.68M | 3.56M |
| Short-Term Debt | 551.00K | |||||
| Current Portion of Long-Term Debt | 10.15M | 7.85M | 621.00K | |||
| Current Portion of Leases | 196.00K | 101.00K | 105.00K | 37.00K | 186.00K | 416.00K |
| Current Unearned Revenue | 170.00K | |||||
| Other Current Liabilities | 373.00K | 396.00K | 240.00K | 75.00K | ||
| Total Current Liabilities | 13.28M | 10.95M | 6.14M | 16.45M | 14.73M | 5.95M |
| Long-Term Debt | 7.84M | 15.01M | ||||
| Long-Term Leases | 2.27M | 835.00K | 933.00K | 207.00K | ||
| Other Long-Term Liabilities | 327.00K | 628.00K | 766.00K | 840.00K | 1.14M | |
| Total Liabilities | 15.87M | 12.41M | 7.84M | 17.29M | 23.72M | 21.17M |
| Common Stock | 346.00K | 347.00K | 331.00K | 228.00K | 100.00K | 79.00K |
| Additional Paid-In Capital | 647.79M | 639.14M | 599.88M | 520.58M | 451.61M | 432.83M |
| Retained Earnings | -527.25M | -528.85M | -531.55M | -505.16M | -457.48M | -420.98M |
| Comprehensive Income & Other | 258.00K | 575.00K | 82.00K | 135.00K | -83.00K | 18.00K |
| Total Common Equity | 121.14M | 111.22M | 68.75M | 15.78M | -5.86M | 11.95M |
| Shareholders' Equity | 121.14M | 111.22M | 68.75M | 21.32M | -5.86M | 11.95M |
| Total Liabilities & Equity | 137.02M | 123.63M | 76.59M | 38.61M | 17.86M | 33.12M |
| Total Debt | 2.46M | 936.00K | 1.04M | 10.19M | 15.87M | 16.81M |
| Net Cash (Debt) | 93.44M | 90.10M | 52.20M | 22.27M | -8.20M | 6.00M |
| Net Cash Per Share | 2.35 | 2.26 | 1.83 | 1.37 | -0.93 | 0.84 |
| Filing Date Shares Outstanding | 34.70M | 34.75M | 33.40M | 24.56M | 10.06M | 7.91M |
| Total Common Shares Outstanding | 34.64M | 34.69M | 33.06M | 22.76M | 10.05M | 7.91M |
| Working Capital | 117.26M | 108.58M | 67.62M | 20.71M | 1.42M | 25.20M |
| Book Value Per Share | 3.50 | 3.21 | 2.08 | 0.69 | -0.58 | 1.51 |
| Tangible Book Value | 121.14M | 111.22M | 68.75M | 15.78M | -5.86M | 11.95M |
| Tangible Book Value Per Share | 3.50 | 3.21 | 2.08 | 0.69 | -0.58 | 1.51 |
| Buildings | 1.64M | 1.56M | 1.32M | 1.32M | 1.30M | 1.22M |
| Machinery | 5.77M | 4.96M | 3.71M | 3.32M | 3.28M | 3.15M |
| Construction In Progress | 401.00K | 245.00K | 127.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 532.00K | 2.70M | -26.39M | -47.68M | -36.51M | -25.65M |
| Depreciation & Amortization | 502.00K | 349.00K | 229.00K | 399.00K | 132.00K | 146.00K |
| Other Amortization | 460.00K | 776.00K | 768.00K | 323.00K | ||
| Loss (Gain) From Sale of Investments | -1.81M | -1.70M | -587.00K | -151.00K | ||
| Stock-Based Compensation | 20.22M | 24.23M | 9.77M | 8.15M | 7.94M | 7.83M |
| Other Operating Activities | 13.36M | 8.16M | 603.00K | 508.00K | ||
| Change in Accounts Receivable | -106.00K | -854.00K | -10.65M | 125.00K | -322.00K | 13.00K |
| Change in Inventory | -1.19M | -3.32M | -3.61M | -1.32M | -587.00K | -557.00K |
| Change in Accounts Payable | 2.86M | 4.77M | 479.00K | -199.00K | 1.80M | -3.28M |
| Change in Unearned Revenue | -170.00K | -2.43M | ||||
| Change in Other Net Operating Assets | -1.43M | -3.66M | -1.74M | 492.00K | 1.40M | 491.00K |
| Operating Cash Flow | 19.59M | 22.52M | -18.68M | -31.25M | -24.95M | -22.60M |
| Capital Expenditures | -2.08M | -1.55M | -559.00K | -58.00K | -209.00K | -143.00K |
| Investment in Securities | -20.00K | -25.04M | -422.00K | -19.65M | ||
| Investing Cash Flow | -2.10M | -26.59M | -981.00K | -19.71M | -209.00K | -143.00K |
| Long-Term Debt Issued | 14.44M | |||||
| Total Debt Issued | 14.44M | |||||
| Long-Term Debt Repaid | -10.61M | -6.31M | -714.00K | |||
| Total Debt Repaid | -10.61M | -6.31M | -714.00K | |||
| Net Debt Issued (Repaid) | -10.61M | -6.31M | -714.00K | 14.44M | ||
| Issuance of Common Stock | 4.75M | 21.05M | 50.02M | 58.09M | 10.86M | 6.51M |
| Repurchase of Common Stock | -9.01M | -6.00M | ||||
| Other Financing Activities | -121.00K | |||||
| Financing Cash Flow | -4.26M | 15.05M | 39.41M | 51.78M | 10.14M | 20.82M |
| Foreign Exchange Rate Adjustments | -124.00K | 68.00K | -32.00K | 56.00K | -115.00K | 122.00K |
| Net Cash Flow | 13.10M | 11.04M | 19.72M | 874.00K | -15.13M | -1.80M |
| Free Cash Flow | 17.51M | 20.97M | -19.24M | -31.31M | -25.16M | -22.75M |
| Free Cash Flow Margin | 18.35% | 24.60% | -51.71% | -1,516.17% | -925.30% | -639.86% |
| Free Cash Flow Per Share | 0.44 | 0.53 | -0.68 | -1.93 | -2.84 | -3.18 |
| Levered Free Cash Flow | 18.12M | 20.29M | -13.90M | -12.16M | -12.00M | -15.29M |
| Unlevered Free Cash Flow | 18.12M | 20.29M | -14.36M | -12.03M | -11.09M | -14.88M |
| Cash Interest Paid | 1.24M | 1.46M | 1.87M | 681.00K | ||
| Cash Income Tax Paid | 1.54M | 1.54M | ||||
| Change in Working Capital | 139.00K | -3.07M | -15.52M | -906.00K | 2.11M | -5.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 497.58M | 356.67M | 384.96M | 91.71M | 36.17M | 57.01M |
| Enterprise Value | 404.14M | 268.72M | 374.04M | 67.09M | 42.84M | 48.31M |
| Last Close Price | 14.04 | 10.10 | 12.04 | 4.16 | 3.60 | 7.75 |
| PE Ratio | 975.51 | 132.10 | ||||
| Forward PE | 69.66 | |||||
| PS Ratio | 5.11 | 4.18 | 10.35 | 44.41 | 13.30 | 16.04 |
| PB Ratio | 4.01 | 3.21 | 5.60 | 4.30 | -6.17 | 4.77 |
| P/TBV Ratio | 4.02 | 3.21 | 5.60 | 5.81 | 4.77 | |
| P/FCF Ratio | 27.83 | 17.01 | ||||
| P/OCF Ratio | 24.87 | 15.84 | ||||
| EV/Sales Ratio | 4.13 | 3.15 | 10.05 | 32.49 | 15.76 | 13.59 |
| EV/EBITDA Ratio | 299.24 | |||||
| EV/EBIT Ratio | 407.15 | |||||
| EV/FCF Ratio | 22.49 | 12.81 | ||||
| Debt / Equity Ratio | 0.02 | 0.01 | 0.01 | 0.48 | -2.71 | 1.41 |
| Debt / EBITDA Ratio | 0.78 | |||||
| Debt / FCF Ratio | 0.14 | 0.04 | ||||
| Net Debt / Equity Ratio | -0.77 | -0.81 | -0.76 | -1.04 | -1.40 | -0.50 |
| Net Debt / EBITDA Ratio | 64.22 | -100.33 | 4.25 | 0.58 | -0.24 | 0.25 |
| Net Debt / FCF Ratio | -5.34 | -4.30 | 2.71 | 0.71 | -0.33 | 0.26 |
| Asset Turnover | 0.75 | 0.85 | 0.65 | 0.07 | 0.11 | 0.10 |
| Inventory Turnover | 1.11 | 1.37 | 1.21 | 0.24 | 0.40 | 0.59 |
| Quick Ratio | 8.45 | 9.43 | 10.46 | 2.00 | 0.55 | 3.84 |
| Current Ratio | 9.83 | 10.92 | 12.01 | 2.26 | 1.10 | 5.23 |
| Return on Equity (ROE) | 0.47% | 3.00% | -58.59% | -616.55% | -1,198.36% | -150.74% |
| Return on Assets (ROA) | -0.89% | 0.41% | -13.46% | -84.51% | -83.00% | -45.25% |
| Return on Invested Capital (ROIC) | -2.87% | 2.70% | -74.98% | -745.42% | -411.87% | |
| Return on Capital Employed (ROCE) | -1.50% | 0.60% | -17.60% | -172.30% | -1,082.60% | -90.30% |
| Earnings Yield | 0.10% | 0.76% | -6.85% | -51.99% | -100.94% | -44.99% |
| FCF Yield | 3.59% | 5.88% | -5.00% | -34.14% | -69.56% | -39.90% |
| Buyback Yield / Dilution | -13.15% | -40.01% | -75.67% | -83.09% | -24.05% | -146.59% |