NASDAQ : KMTS
Kestra Medical Technologies, Ltd. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 30.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.82B
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Financial statements
Kestra Medical Technologies, Ltd. (KMTS) reported revenue of 106.73M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 106.73M | 95.13M | 59.81M | 27.81M | 7.63M | |
| Cost of Revenue | 49.22M | 46.26M | 35.60M | 27.45M | 18.28M | |
| Gross Profit | 57.51M | 48.86M | 24.21M | 362.00K | -10.65M | |
| Selling, General & Admin | 178.75M | 164.12M | 114.94M | 69.94M | 54.01M | 13.90M |
| Research & Development | 22.28M | 19.48M | 15.65M | 15.49M | 15.76M | 18.81M |
| Operating Expenses | 201.03M | 183.60M | 130.59M | 85.42M | 69.77M | 32.71M |
| Operating Income | -143.52M | -134.74M | -106.38M | -85.06M | -80.42M | -32.71M |
| Interest Expense | -7.56M | -7.55M | -7.73M | -6.23M | -5.63M | -1.17M |
| Interest & Investment Income | 8.31M | 8.35M | 3.20M | |||
| Other Non Operating Income (Expenses) | -484.00K | 2.62M | -2.77M | -87.00K | 1.83M | -38.00K |
| EBT Excluding Unusual Items | -143.26M | -131.32M | -113.68M | -91.38M | -84.22M | -33.91M |
| Other Unusual Items | -6.30M | -2.72M | ||||
| Pretax Income | -149.56M | -131.32M | -113.68M | -94.10M | -84.22M | -33.91M |
| Income Tax Expense | 311.00K | 294.00K | 135.00K | 24.00K | 15.00K | 187.00K |
| Net Income | -149.87M | -131.61M | -113.81M | -94.12M | -84.24M | -34.10M |
| Preferred Dividends & Other Adjustments | 12.32M | 6.72M | 2.50M | |||
| Net Income to Common | -149.87M | -131.61M | -126.14M | -100.84M | -86.74M | -34.10M |
| Shares Outstanding (Basic) | 56.00M | 54.18M | 24.58M | 19.89M | 105.81K | 105.81K |
| Shares Outstanding (Diluted) | 56.00M | 54.18M | 24.58M | 19.89M | 105.81K | 105.81K |
| EPS (Basic) | -2.68 | -2.43 | -5.13 | -5.07 | -819.76 | -322.29 |
| EPS (Diluted) | -2.68 | -2.43 | -5.13 | -5.07 | -819.76 | -322.29 |
| Free Cash Flow | -123.21M | -117.12M | -101.20M | -84.75M | -85.10M | -30.23M |
| Free Cash Flow Per Share | -2.20 | -2.16 | -4.12 | -4.26 | -804.32 | -285.72 |
| Gross Margin | 53.89% | 51.37% | 40.48% | 1.30% | -139.59% | |
| Operating Margin | -134.47% | -141.65% | -177.84% | -305.83% | -1,054.01% | |
| Profit Margin | -140.43% | -138.36% | -210.88% | -362.56% | -1,136.79% | |
| Free Cash Flow Margin | -115.44% | -123.12% | -169.19% | -304.70% | -1,115.37% | |
| EBITDA | -134.18M | -126.03M | -98.41M | -73.50M | -75.57M | -32.29M |
| EBITDA Margin | -125.72% | -132.49% | -164.52% | -264.27% | ||
| D&A For EBITDA | 9.35M | 8.71M | 7.97M | 11.56M | 4.86M | 420.00K |
| EBIT | -143.52M | -134.74M | -106.38M | -85.06M | -80.42M | -32.71M |
| EBIT Margin | -134.47% | -141.65% | -177.84% |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 68.56M | 99.71M | 237.59M | 8.25M | 14.81M | 24.34M |
| Short-Term Investments | 130.35M | 96.72M | ||||
| Cash & Short-Term Investments | 198.91M | 196.43M | 237.59M | 8.25M | 14.81M | 24.34M |
| Receivables | 15.41M | 14.54M | 8.08M | 2.00M | ||
| Inventory | 7.44M | 6.71M | 6.57M | 3.29M | 2.11M | |
| Prepaid Expenses | 2.39M | 1.69M | 1.39M | 951.00K | 1.13M | 509.00K |
| Other Current Assets | 2.12M | 2.98M | 1.69M | 419.00K | 370.00K | 1.34M |
| Total Current Assets | 226.27M | 222.36M | 255.33M | 14.91M | 18.42M | 26.20M |
| Property, Plant & Equipment | 66.92M | 62.45M | 36.91M | 28.39M | 16.72M | 3.08M |
| Long-Term Investments | 50.79M | 70.77M | ||||
| Other Long-Term Assets | 3.37M | 2.88M | 3.51M | 2.65M | 3.51M | 1.24M |
| Total Assets | 347.36M | 358.46M | 295.74M | 45.95M | 38.66M | 30.52M |
| Accounts Payable | 25.96M | 27.30M | 23.96M | 23.89M | 6.16M | 1.70M |
| Accrued Expenses | 22.29M | 23.05M | 13.83M | 9.08M | 8.77M | 3.81M |
| Current Portion of Long-Term Debt | 20.45M | |||||
| Current Portion of Leases | 23.00K | 31.00K | 187.00K | 1.37M | 1.06M | |
| Current Income Taxes Payable | 42.00K | |||||
| Total Current Liabilities | 48.27M | 50.37M | 37.98M | 32.97M | 36.74M | 6.61M |
| Long-Term Debt | 72.50M | 42.65M | 41.10M | 42.54M | 17.32M | 20.24M |
| Long-Term Leases | 3.93M | 4.11M | 3.03M | 2.63M | 1.55M | |
| Other Long-Term Liabilities | 306.00K | 1.68M | 8.24M | 76.00K | 63.00K | 360.00K |
| Total Liabilities | 125.00M | 98.81M | 90.34M | 78.22M | 54.12M | 28.76M |
| Common Stock | 59.27M | 58.38M | 51.35M | 19.91M | 1.00K | 1.00K |
| Additional Paid-In Capital | 859.50M | 853.35M | 674.31M | 177.15M | 194.74M | 171.84M |
| Retained Earnings | -695.95M | -651.86M | -520.25M | -406.44M | -312.31M | -170.08M |
| Comprehensive Income & Other | -471.00K | -218.00K | ||||
| Total Common Equity | 222.36M | 259.66M | 205.41M | -209.38M | -117.58M | 1.77M |
| Shareholders' Equity | 222.36M | 259.66M | 205.41M | -32.27M | -15.47M | 1.77M |
| Total Liabilities & Equity | 347.36M | 358.46M | 295.74M | 45.95M | 38.66M | 30.52M |
| Total Debt | 76.45M | 46.79M | 44.31M | 45.17M | 39.13M | 22.85M |
| Net Cash (Debt) | 122.47M | 149.64M | 193.28M | -36.92M | -24.32M | 1.49M |
| Net Cash Per Share | 2.19 | 2.76 | 7.86 | -1.86 | -229.89 | 14.11 |
| Filing Date Shares Outstanding | 59.56M | 58.60M | 51.35M | 105.81K | 105.81K | 105.81K |
| Total Common Shares Outstanding | 59.27M | 58.38M | 51.35M | 105.81K | 105.81K | 105.81K |
| Working Capital | 178.00M | 171.99M | 217.35M | -18.06M | -18.32M | 19.59M |
| Book Value Per Share | 3.75 | 4.45 | 4.00 | -1,978.84 | -1,111.24 | 16.69 |
| Tangible Book Value | 222.36M | 259.66M | 205.41M | -209.38M | -117.58M | 1.77M |
| Tangible Book Value Per Share | 3.75 | 4.45 | 4.00 | -1,978.84 | -1,111.24 | 16.69 |
| Machinery | 95.07M | 88.06M | 57.23M | 39.66M | 20.26M | 871.00K |
| Construction In Progress | 1.53M | 1.54M | 635.00K | 1.66M | ||
| Leasehold Improvements | 919.00K | 919.00K | 919.00K | 891.00K | 872.00K | 414.00K |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -149.87M | -131.61M | -113.81M | -94.12M | -84.24M | -34.10M |
| Depreciation & Amortization | 9.35M | 8.71M | 7.97M | 11.56M | 4.86M | 420.00K |
| Other Amortization | 1.81M | 1.87M | 1.40M | 610.00K | 446.00K | 151.00K |
| Loss (Gain) From Sale of Assets | 1.17M | 1.16M | 1.34M | 1.07M | 560.00K | -2.00K |
| Stock-Based Compensation | 38.58M | 33.64M | 24.27M | 1.49M | 1.21M | 1.86M |
| Provision & Write-off of Bad Debts | 1.17M | 2.60M | 2.69M | 500.00K | ||
| Other Operating Activities | 9.82M | 148.00K | 4.74M | 2.77M | 6.23M | 1.79M |
| Change in Accounts Receivable | -7.33M | -9.06M | -8.78M | -2.50M | ||
| Change in Inventory | -906.00K | -458.00K | -3.44M | -1.18M | -733.00K | |
| Change in Accounts Payable | 5.32M | 4.30M | 2.84M | 7.34M | 2.14M | -132.00K |
| Change in Other Net Operating Assets | 3.17M | 6.99M | 3.17M | 223.00K | -112.00K | 113.00K |
| Operating Cash Flow | -87.72M | -81.70M | -77.61M | -72.23M | -69.64M | -29.89M |
| Capital Expenditures | -35.49M | -35.42M | -23.59M | -12.51M | -15.46M | -336.00K |
| Sale of Property, Plant & Equipment | 2.00K | |||||
| Investment in Securities | -181.06M | -168.04M | ||||
| Other Investing Activities | 147.00K | 184.00K | 283.00K | 285.00K | ||
| Investing Cash Flow | -216.40M | -203.28M | -23.31M | -12.23M | -15.46M | -334.00K |
| Long-Term Debt Issued | 45.00M | 20.00M | ||||
| Long-Term Debt Repaid | -39.12M | -5.33M | ||||
| Net Debt Issued (Repaid) | 24.85M | 5.88M | -5.33M | 20.00M | ||
| Issuance of Common Stock | 152.32M | 149.88M | 218.16M | 30.33M | ||
| Other Financing Activities | -4.69M | -2.79M | 8.70M | -3.15M | -671.00K | -1.52M |
| Financing Cash Flow | 171.47M | 147.09M | 330.26M | 77.72M | 96.11M | 48.81M |
| Net Cash Flow | -132.66M | -137.88M | 229.35M | -6.74M | 11.00M | 18.59M |
| Free Cash Flow | -123.21M | -117.12M | -101.20M | -84.75M | -85.10M | -30.23M |
| Free Cash Flow Margin | -115.44% | -123.12% | -169.19% | -304.70% | -1,115.37% | |
| Free Cash Flow Per Share | -2.20 | -2.16 | -4.12 | -4.26 | -804.32 | -285.72 |
| Levered Free Cash Flow | -72.03M | -75.76M | -67.53M | -40.92M | -18.53M | |
| Unlevered Free Cash Flow | -69.12M | -72.92M | -64.09M | -37.63M | -17.95M | |
| Cash Interest Paid | 5.32M | 5.64M | 4.85M | 3.63M | ||
| Cash Income Tax Paid | 76.00K | 13.00K | 83.00K | -30.00K | 12.00K | 214.00K |
| Change in Working Capital | 254.00K | 1.78M | -6.20M | 3.89M | 1.30M | -19.00K |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.78B | 1.21B | 1.24B | |||
| Enterprise Value | 1.65B | 964.72M | 1.52B | |||
| Last Close Price | 29.69 | 20.72 | 24.06 | |||
| PS Ratio | 16.73 | 12.71 | 20.65 | |||
| PB Ratio | 7.91 | 4.66 | 6.01 | |||
| P/TBV Ratio | 8.03 | 4.66 | 6.01 | |||
| EV/Sales Ratio | 15.58 | 10.14 | 25.48 | |||
| Debt / Equity Ratio | 0.34 | 0.18 | 0.22 | -1.40 | -2.53 | 12.94 |
| Net Debt / Equity Ratio | -0.55 | -0.58 | -0.94 | -1.14 | -1.57 | -0.84 |
| Net Debt / EBITDA Ratio | 0.91 | 1.19 | 1.96 | -0.50 | -0.32 | 0.05 |
| Net Debt / FCF Ratio | 0.99 | 1.28 | 1.91 | -0.44 | -0.29 | 0.05 |
| Asset Turnover | 0.35 | 0.29 | 0.35 | 0.66 | ||
| Inventory Turnover | 6.91 | 6.97 | 7.22 | 10.16 | ||
| Quick Ratio | 4.44 | 4.19 | 6.47 | 0.31 | 0.40 | 3.68 |
| Current Ratio | 4.69 | 4.41 | 6.72 | 0.45 | 0.50 | 3.96 |
| Return on Equity (ROE) | -73.73% | -56.60% | -131.47% | -1,212.91% | ||
| Return on Assets (ROA) | -29.23% | -25.75% | -38.92% | -125.68% | -106.49% | |
| Return on Capital Employed (ROCE) | -48.00% | -43.70% | -41.30% | -655.40% | -4,195.10% | -136.80% |
| Earnings Yield | -8.97% | -10.88% | -9.21% | |||
| FCF Yield | -6.90% | -9.68% | -8.19% | |||
| Buyback Yield / Dilution | -72.64% | -120.41% | -23.63% | -18,693.84% |