NASDAQ : FOCL
EDAP TMS S.A. — Financial statements
Other · France
Last price 4.18 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 192.08M
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Financial statements
EDAP TMS S.A. (FOCL) reported revenue of 79.31M 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 | 79.31M | 70.53M | 69.40M | 66.79M | 58.90M | 50.11M |
| Other Revenue | -1.00K | 6.82K | ||||
| Revenue | 79.31M | 70.53M | 69.39M | 66.79M | 58.90M | 50.11M |
| Cost of Revenue | 44.03M | 40.53M | 40.65M | 39.81M | 33.04M | 29.16M |
| Gross Profit | 35.28M | 30.00M | 28.74M | 26.98M | 25.86M | 20.95M |
| Selling, General & Admin | 52.87M | 45.03M | 42.61M | 37.43M | 25.15M | 18.92M |
| Research & Development | 9.80M | 9.66M | 8.36M | 7.70M | 5.26M | 3.87M |
| Operating Expenses | 62.67M | 54.70M | 50.97M | 45.12M | 30.41M | 22.78M |
| Operating Income | -27.38M | -24.70M | -22.23M | -18.14M | -4.55M | -1.83M |
| Interest Expense | -8.71M | -789.00K | -256.00K | -256.44K | -179.54K | -59.14K |
| Interest & Investment Income | 252.00K | 252.00K | 861.00K | 1.45M | 431.76K | 11.37K |
| Currency Exchange Gain (Loss) | -262.00K | -1.00M | 1.35M | -1.99M | 2.06M | 2.68M |
| Other Non Operating Income (Expenses) | -2.58M | -2.57M | 1.00K | -2.21K | -1.14K | |
| EBT Excluding Unusual Items | -38.68M | -28.81M | -20.27M | -18.94M | -2.24M | 802.91K |
| Other Unusual Items | -3.76M | 212.67K | ||||
| Pretax Income | -38.68M | -28.81M | -20.27M | -22.70M | -2.24M | 1.02M |
| Income Tax Expense | 440.00K | 438.00K | 313.00K | 711.84K | 894.52K | 219.49K |
| Net Income | -38.97M | -29.25M | -20.58M | -23.41M | -3.13M | 796.09K |
| Net Income to Common | -38.97M | -29.25M | -20.58M | -23.41M | -3.13M | 796.09K |
| Shares Outstanding (Basic) | 37.48M | 37.44M | 37.29M | 37.00M | 34.39M | 32.13M |
| Shares Outstanding (Diluted) | 37.48M | 37.44M | 37.29M | 37.00M | 34.39M | 32.42M |
| EPS (Basic) | -1.04 | -0.78 | -0.55 | -0.63 | -0.09 | 0.02 |
| EPS (Diluted) | -1.04 | -0.78 | -0.55 | -0.63 | -0.10 | 0.02 |
| Free Cash Flow | -17.92M | -21.34M | -18.89M | -20.38M | -5.56M | 3.29M |
| Free Cash Flow Per Share | -0.48 | -0.57 | -0.51 | -0.55 | -0.16 | 0.10 |
| Gross Margin | 44.48% | 42.54% | 41.42% | 40.40% | 43.90% | 41.81% |
| Operating Margin | -34.52% | -35.02% | -32.03% | -27.16% | -7.72% | -3.66% |
| Profit Margin | -49.13% | -41.47% | -29.66% | -35.05% | -5.32% | 1.59% |
| Free Cash Flow Margin | -22.59% | -30.25% | -27.22% | -30.52% | -9.45% | 6.56% |
| EBITDA | -23.67M | -21.29M | -19.45M | -16.03M | -2.83M | 351.42K |
| EBITDA Margin | -29.85% | -30.18% | -28.02% | -24.00% | -4.81% | 0.70% |
| D&A For EBITDA | 3.71M | 3.41M | 2.78M | 2.11M | 1.72M | 2.18M |
| EBIT | -27.38M | -24.70M | -22.23M | -18.14M | -4.55M | -1.83M |
| EBIT Margin | -34.52% | -35.02% | -32.03% | -27.16% | -7.72% | -3.66% |
| Effective Tax Rate | 21.61% | |||||
| Revenue as Reported | 79.31M | 70.53M | 69.39M | 66.79M | 58.89M | 50.11M |
| Advertising Expenses | 1.95M | 1.88M | 1.49M | 992.84K | 557.26K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.54M | 20.45M | 31.00M | 48.05M | 67.47M | 53.66M |
| Cash & Short-Term Investments | 21.54M | 20.45M | 31.00M | 48.05M | 67.47M | 53.66M |
| Accounts Receivable | 10.06M | 21.29M | 19.01M | 18.75M | 13.68M | 11.66M |
| Other Receivables | 651.00K | 1.30M | 1.75M | 1.53M | 1.63M | 1.43M |
| Receivables | 10.71M | 22.58M | 21.08M | 21.26M | 15.97M | 13.78M |
| Inventory | 8.25M | 12.83M | 19.21M | 16.70M | 12.59M | 8.53M |
| Prepaid Expenses | 1.70M | 1.30M | 1.31M | 728.42K | 705.35K | 660.75K |
| Other Current Assets | 16.81M | -1.00K | -1.07K | |||
| Total Current Assets | 59.02M | 57.16M | 72.59M | 86.75M | 96.74M | 76.63M |
| Property, Plant & Equipment | 10.14M | 13.51M | 10.74M | 9.06M | 6.40M | 5.88M |
| Goodwill | 735.00K | 2.83M | 2.50M | 2.67M | 2.58M | 2.74M |
| Other Intangible Assets | 1.77M | 1.80M | 1.13M | 1.20M | 774.82K | 827.93K |
| Long-Term Accounts Receivable | 1.00M | 546.00K | ||||
| Long-Term Deferred Tax Assets | 266.00K | 1.09M | 865.00K | 805.79K | 885.97K | 1.02M |
| Other Long-Term Assets | 1.61M | 2.06M | 1.58M | 718.47K | 700.01K | 721.03K |
| Total Assets | 74.55M | 79.00M | 89.41M | 101.19M | 108.07M | 87.83M |
| Accounts Payable | 10.35M | 11.72M | 13.04M | 12.42M | 7.10M | 6.27M |
| Accrued Expenses | 7.48M | 8.40M | 8.48M | 6.74M | 5.62M | 4.41M |
| Short-Term Debt | 1.86M | 6.05M | 6.54M | 2.79M | 1.98M | 2.18M |
| Current Portion of Long-Term Debt | 848.00K | 2.12M | 2.50M | 1.72M | 1.71M | 943.93K |
| Current Portion of Leases | 937.00K | 1.25M | 1.21M | 1.21M | 1.20M | 1.15M |
| Current Income Taxes Payable | 193.00K | -8.00K | 85.11K | 234.05K | 569.77K | |
| Current Unearned Revenue | 6.39M | 7.10M | 6.90M | 4.48M | 4.33M | 4.40M |
| Other Current Liabilities | 8.98M | 311.00K | 607.00K | 1.07M | 1.03M | 490.16K |
| Total Current Liabilities | 36.85M | 37.14M | 39.28M | 30.50M | 23.20M | 20.42M |
| Long-Term Debt | 37.20M | 15.90M | 2.25M | 2.21M | 3.83M | 5.61M |
| Long-Term Leases | 835.00K | 2.43M | 2.01M | 1.45M | 1.31M | 1.50M |
| Long-Term Unearned Revenue | 923.00K | 1.41M | 825.00K | 1.22M | 776.96K | 500.40K |
| Pension & Post-Retirement Benefits | 2.10M | 2.26M | 2.48M | 2.10M | 2.60M | |
| Other Long-Term Liabilities | 1.97M | 594.00K | 295.00K | 410.08K | 303.52K | 285.45K |
| Total Liabilities | 77.77M | 59.58M | 46.92M | 38.27M | 31.52M | 30.90M |
| Common Stock | 6.08M | 6.07M | 6.06M | 5.36M | 5.10M | 4.99M |
| Additional Paid-In Capital | 152.48M | 151.31M | 148.77M | 133.64M | 121.78M | 101.92M |
| Retained Earnings | -152.19M | -128.62M | -99.37M | -70.24M | -45.28M | -44.85M |
| Treasury Stock | -1.02M | -1.02M | -1.02M | -884.27K | -958.64K | -1.06M |
| Comprehensive Income & Other | -8.58M | -8.34M | -11.95M | -4.96M | -4.09M | -4.08M |
| Shareholders' Equity | -3.23M | 19.41M | 42.48M | 62.92M | 76.55M | 56.92M |
| Total Liabilities & Equity | 74.55M | 79.00M | 89.41M | 101.19M | 108.07M | 87.83M |
| Total Debt | 41.68M | 27.75M | 14.52M | 9.38M | 10.03M | 11.38M |
| Net Cash (Debt) | -20.14M | -7.29M | 16.48M | 38.67M | 57.44M | 42.28M |
| Net Cash Per Share | -0.54 | -0.19 | 0.44 | 1.05 | 1.67 | 1.30 |
| Filing Date Shares Outstanding | 45.95M | 37.48M | 37.39M | 37.10M | 36.93M | 33.47M |
| Total Common Shares Outstanding | 37.53M | 37.48M | 37.39M | 37.10M | 36.91M | 33.47M |
| Working Capital | 22.17M | 20.02M | 33.31M | 56.24M | 73.54M | 56.22M |
| Book Value Per Share | -0.09 | 0.52 | 1.14 | 1.70 | 2.07 | 1.70 |
| Tangible Book Value | -5.73M | 14.78M | 38.85M | 59.05M | 73.20M | 53.35M |
| Tangible Book Value Per Share | -0.15 | 0.39 | 1.04 | 1.59 | 1.98 | 1.59 |
| Machinery | 20.23M | 16.89M | 16.23M | 12.73M | 12.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -38.97M | -29.25M | -20.58M | -23.41M | -3.13M | 796.09K |
| Depreciation & Amortization | 3.71M | 3.41M | 2.78M | 2.11M | 1.72M | 2.18M |
| Loss (Gain) From Sale of Assets | 635.00K | 529.00K | 558.00K | 1.10K | 284.28K | 161.49K |
| Stock-Based Compensation | 2.87M | 2.56M | 3.55M | 7.59M | 2.25M | 2.16M |
| Provision & Write-off of Bad Debts | 895.00K | 919.00K | 1.03M | 466.45K | 132.52K | 412.83K |
| Other Operating Activities | 10.53M | 2.49M | 81.00K | 223.28K | 135.73K | -1.25M |
| Change in Accounts Receivable | 3.26M | -567.00K | -150.00K | -5.43M | -2.11M | -117.14K |
| Change in Inventory | 4.20M | 6.85M | -4.37M | -4.66M | -4.79M | 188.79K |
| Change in Accounts Payable | -912.00K | -2.96M | 1.34M | 5.84M | 1.22M | -43.22K |
| Change in Other Net Operating Assets | 758.00K | -390.00K | 1.06M | 1.04M | 1.07M | 564.09K |
| Operating Cash Flow | -13.03M | -16.41M | -14.70M | -16.22M | -3.23M | 5.06M |
| Capital Expenditures | -4.89M | -4.93M | -4.19M | -4.16M | -2.33M | -1.77M |
| Sale (Purchase) of Intangibles | -250.00K | -832.00K | -249.00K | -590.25K | -146.41K | -104.63K |
| Investment in Securities | 1.10K | 14.78K | ||||
| Other Investing Activities | 326.00K | 44.00K | -21.00K | -54.16K | -61.99K | -5.69K |
| Investing Cash Flow | -4.82M | -5.71M | -4.46M | -4.80M | -2.54M | -1.86M |
| Short-Term Debt Issued | 4.02M | 725.10K | ||||
| Long-Term Debt Issued | 12.42M | 2.80M | 305.65K | 1.20M | ||
| Total Debt Issued | 26.08M | 12.42M | 6.82M | 725.10K | 305.65K | 1.20M |
| Short-Term Debt Repaid | -883.00K | -40.61K | -815.42K | |||
| Long-Term Debt Repaid | -2.92M | -1.93M | -2.02M | -1.23M | -2.06M | |
| Total Debt Repaid | -5.89M | -3.81M | -1.93M | -2.02M | -1.27M | -2.87M |
| Net Debt Issued (Repaid) | 20.19M | 8.61M | 4.89M | -1.30M | -967.19K | -1.67M |
| Issuance of Common Stock | 19.00K | 125.00K | 288.49K | 26.29M | 24.71M | |
| Other Financing Activities | -1.00K | -1.00K | -2.09M | 1.14K | ||
| Financing Cash Flow | 20.21M | 8.61M | 5.02M | -1.01M | 23.24M | 23.05M |
| Foreign Exchange Rate Adjustments | 108.00K | 2.97M | -2.89M | 296.23K | -414.66K | -665.30K |
| Miscellaneous Cash Flow Adjustments | 1.00K | -1.00K | 1.00K | 2.14K | ||
| Net Cash Flow | 2.48M | -10.54M | -17.04M | -21.74M | 17.05M | 25.57M |
| Free Cash Flow | -17.92M | -21.34M | -18.89M | -20.38M | -5.56M | 3.29M |
| Free Cash Flow Margin | -22.59% | -30.25% | -27.22% | -30.52% | -9.45% | 6.56% |
| Free Cash Flow Per Share | -0.48 | -0.57 | -0.51 | -0.55 | -0.16 | 0.10 |
| Levered Free Cash Flow | -12.74M | -12.13M | -11.70M | -9.12M | -6.01M | 3.00M |
| Unlevered Free Cash Flow | -7.30M | -11.64M | -11.54M | -8.96M | -5.90M | 3.04M |
| Cash Interest Paid | 461.00K | 562.00K | 300.00K | 292.92K | 179.54K | 129.65K |
| Cash Income Tax Paid | 472.00K | 366.00K | 408.00K | 562.62K | 438.18K | 349.14K |
| Change in Working Capital | 7.30M | 2.93M | -2.12M | -3.21M | -4.61M | 592.52K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 192.08M | 123.02M | 82.00M | 194.98M | 356.75M | 199.74M |
| Enterprise Value | 212.22M | 123.17M | 63.18M | 153.08M | 299.09M | 156.29M |
| Last Close Price | 4.18 | 3.29 | 2.21 | 5.28 | 10.66 | 5.99 |
| PE Ratio | 250.91 | |||||
| Forward PE | 207.94 | 207.94 | 207.94 | 207.94 | 207.94 | |
| PS Ratio | 2.42 | 1.74 | 1.18 | 2.92 | 6.06 | 3.99 |
| PB Ratio | 6.34 | 1.93 | 3.10 | 4.66 | 3.51 | |
| P/TBV Ratio | 8.32 | 2.11 | 3.30 | 4.87 | 3.74 | |
| P/FCF Ratio | 60.75 | |||||
| P/OCF Ratio | 39.51 | |||||
| EV/Sales Ratio | 2.68 | 1.75 | 0.91 | 2.29 | 5.08 | 3.12 |
| EV/EBITDA Ratio | 444.74 | |||||
| EV/FCF Ratio | 47.53 | |||||
| Debt / Equity Ratio | -12.92 | 1.43 | 0.34 | 0.15 | 0.13 | 0.20 |
| Debt / EBITDA Ratio | 7.93 | |||||
| Debt / FCF Ratio | 3.46 | |||||
| Net Debt / Equity Ratio | -6.24 | 0.38 | -0.39 | -0.61 | -0.75 | -0.74 |
| Net Debt / EBITDA Ratio | -0.85 | -0.34 | 0.85 | 2.41 | 20.27 | -120.31 |
| Net Debt / FCF Ratio | -1.12 | -0.34 | 0.87 | 1.90 | 10.32 | -12.86 |
| Asset Turnover | 1.02 | 0.84 | 0.75 | 0.63 | 0.62 | 0.67 |
| Inventory Turnover | 3.32 | 2.53 | 2.33 | 2.68 | 3.21 | 3.31 |
| Quick Ratio | 0.88 | 1.16 | 1.32 | 2.24 | 3.57 | 3.27 |
| Current Ratio | 1.60 | 1.54 | 1.85 | 2.84 | 4.17 | 3.75 |
| Return on Equity (ROE) | -265.67% | -94.50% | -40.59% | -32.95% | -4.82% | 1.84% |
| Return on Assets (ROA) | -22.11% | -18.33% | -15.08% | -10.65% | -2.98% | -1.52% |
| Return on Invested Capital (ROIC) | -90.40% | -93.69% | -88.45% | -83.67% | -26.95% | -9.53% |
| Return on Capital Employed (ROCE) | -72.60% | -59.00% | -44.30% | -25.70% | -5.40% | -2.70% |
| Earnings Yield | -24.87% | -23.77% | -25.10% | -12.01% | -0.88% | 0.40% |
| FCF Yield | -9.33% | -17.34% | -23.04% | -10.45% | -1.56% | 1.65% |
| Buyback Yield / Dilution | -0.11% | -0.42% | -0.78% | -7.57% | -6.08% | -11.24% |