NASDAQ : PROF
Profound Medical Corp. — Financial statements
Healthcare · Medical Devices · Canada
Last price 6.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 240.36M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Profound Medical Corp. (PROF) reported revenue of 19.09M 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 | 8.63M | 6.37M | 2.44M | 393.00K | 2.00M | 3.15M |
| Other Revenue | 10.45M | 9.73M | 8.24M | 6.81M | 4.68M | 3.72M |
| Revenue | 19.09M | 16.10M | 10.68M | 7.20M | 6.68M | 6.87M |
| Cost of Revenue | 5.38M | 4.71M | 3.64M | 2.89M | 3.66M | 3.92M |
| Gross Profit | 13.70M | 11.39M | 7.04M | 4.31M | 3.02M | 2.95M |
| Selling, General & Admin | 28.46M | 32.05M | 23.13M | 18.54M | 17.93M | 17.97M |
| Research & Development | 20.61M | 20.60M | 16.96M | 14.42M | 14.69M | 15.28M |
| Operating Expenses | 49.07M | 52.65M | 40.10M | 32.96M | 32.62M | 33.24M |
| Operating Income | -35.37M | -41.25M | -33.06M | -28.65M | -29.60M | -30.29M |
| Interest Expense | -174.00K | -67.00K | ||||
| Interest & Investment Income | 995.00K | 1.07M | 1.44M | 775.00K | 803.00K | 205.00K |
| Currency Exchange Gain (Loss) | 1.86M | -2.13M | 3.81M | -575.00K | 3.10M | -286.00K |
| Other Non Operating Income (Expenses) | 15.00K | -155.00K | ||||
| EBT Excluding Unusual Items | -32.52M | -42.32M | -27.82M | -28.45M | -25.86M | -30.59M |
| Impairment of Goodwill | -2.52M | |||||
| Pretax Income | -32.52M | -42.32M | -27.82M | -28.45M | -28.38M | -30.59M |
| Income Tax Expense | 227.00K | 252.00K | -2.00K | -128.00K | 287.00K | 105.00K |
| Net Income | -32.74M | -42.57M | -27.82M | -28.32M | -28.67M | -30.70M |
| Net Income to Common | -32.74M | -42.57M | -27.82M | -28.32M | -28.67M | -30.70M |
| Shares Outstanding (Basic) | 33.37M | 30.23M | 24.77M | 21.18M | 20.83M | 20.46M |
| Shares Outstanding (Diluted) | 33.37M | 30.23M | 24.77M | 21.18M | 20.83M | 20.46M |
| EPS (Basic) | -0.98 | -1.41 | -1.12 | -1.34 | -1.38 | -1.50 |
| EPS (Diluted) | -0.98 | -1.41 | -1.12 | -1.34 | -1.38 | -1.50 |
| Free Cash Flow | -36.28M | -38.38M | -23.45M | -22.61M | -25.80M | -22.39M |
| Free Cash Flow Per Share | -1.09 | -1.27 | -0.95 | -1.07 | -1.24 | -1.09 |
| Gross Margin | 71.79% | 70.77% | 65.89% | 59.90% | 45.22% | 42.95% |
| Operating Margin | -185.31% | -256.27% | -309.57% | -397.99% | -443.08% | -440.73% |
| Profit Margin | -171.56% | -264.44% | -260.45% | -393.43% | -429.11% | -446.66% |
| Free Cash Flow Margin | -190.07% | -238.43% | -219.60% | -314.06% | -386.17% | -325.80% |
| EBITDA | -34.88M | -40.69M | -32.13M | -27.72M | -28.83M | -29.61M |
| EBITDA Margin | -182.74% | -252.79% | ||||
| D&A For EBITDA | 491.00K | 560.00K | 936.00K | 929.00K | 776.00K | 681.00K |
| EBIT | -35.37M | -41.25M | -33.06M | -28.65M | -29.60M | -30.29M |
| EBIT Margin | -185.31% | -256.27% | ||||
| Revenue as Reported | 19.09M | 16.10M | 10.68M | 7.20M | 6.68M | 6.87M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 38.27M | 59.72M | 54.91M | 26.21M | 46.52M | 67.15M |
| Cash & Short-Term Investments | 38.27M | 59.72M | 54.91M | 26.21M | 46.52M | 67.15M |
| Accounts Receivable | 9.01M | 7.20M | 6.43M | 6.75M | 5.84M | 1.41M |
| Other Receivables | 607.00K | 618.00K | 534.00K | 507.00K | ||
| Receivables | 9.61M | 7.20M | 7.04M | 7.29M | 6.34M | 1.41M |
| Inventory | 10.46M | 8.24M | 5.80M | 6.99M | 7.94M | 7.41M |
| Prepaid Expenses | 523.00K | 928.00K | 1.31M | 1.41M | 1.22M | 1.15M |
| Total Current Assets | 58.86M | 76.09M | 69.06M | 41.90M | 62.02M | 77.12M |
| Property, Plant & Equipment | 3.32M | 882.00K | 821.00K | 1.57M | 1.72M | 1.90M |
| Goodwill | 2.69M | |||||
| Other Intangible Assets | 121.00K | 138.00K | 261.00K | 490.00K | 680.00K | 1.44M |
| Long-Term Accounts Receivable | 300.00K | 3.62M | ||||
| Long-Term Deferred Tax Assets | 81.00K | 66.00K | 87.00K | |||
| Total Assets | 62.38M | 77.47M | 70.23M | 43.96M | 64.42M | 86.78M |
| Accounts Payable | 955.00K | 1.56M | 1.32M | 865.00K | 2.03M | 3.18M |
| Accrued Expenses | 3.13M | 3.81M | 2.83M | 2.42M | ||
| Current Portion of Long-Term Debt | 4.51M | 1.74M | 2.10M | 523.00K | ||
| Current Portion of Leases | 119.00K | 213.00K | 257.00K | 259.00K | 239.00K | 250.00K |
| Current Income Taxes Payable | 63.00K | 39.00K | 298.00K | |||
| Current Unearned Revenue | 342.00K | 445.00K | 419.00K | 721.00K | 471.00K | 477.00K |
| Other Current Liabilities | 621.00K | 248.00K | ||||
| Total Current Liabilities | 9.11M | 6.08M | 6.57M | 6.37M | 4.18M | 4.16M |
| Long-Term Debt | 4.50M | 2.92M | 5.00M | 6.65M | ||
| Long-Term Leases | 2.75M | 203.00K | 504.00K | 817.00K | 1.13M | |
| Long-Term Unearned Revenue | 618.00K | 388.00K | 49.00K | 728.00K | 764.00K | 875.00K |
| Long-Term Deferred Tax Liabilities | 59.00K | |||||
| Other Long-Term Liabilities | 92.00K | 79.00K | 71.00K | 73.00K | ||
| Total Liabilities | 12.58M | 11.04M | 9.81M | 12.73M | 12.42M | 6.16M |
| Common Stock | 325.38M | 323.84M | 281.55M | 222.21M | 205.82M | 219.58M |
| Additional Paid-In Capital | 25.69M | 25.31M | 21.30M | 20.81M | 18.70M | 16.99M |
| Retained Earnings | -304.33M | -287.74M | -245.17M | -217.35M | -189.36M | -160.69M |
| Comprehensive Income & Other | 3.07M | 5.03M | 2.74M | 5.57M | 16.84M | 4.75M |
| Shareholders' Equity | 49.81M | 66.43M | 60.42M | 31.22M | 52.00M | 80.62M |
| Total Liabilities & Equity | 62.38M | 77.47M | 70.23M | 43.96M | 64.42M | 86.78M |
| Total Debt | 7.38M | 4.71M | 5.12M | 7.87M | 8.23M | 1.38M |
| Net Cash (Debt) | 30.89M | 55.01M | 49.79M | 18.35M | 38.29M | 65.78M |
| Net Cash Per Share | 0.93 | 1.82 | 2.01 | 0.87 | 1.84 | 3.21 |
| Filing Date Shares Outstanding | 36.53M | 36.29M | 30.04M | 24.43M | 20.91M | 20.78M |
| Total Common Shares Outstanding | 36.53M | 36.29M | 30.04M | 21.37M | 20.88M | 20.78M |
| Working Capital | 49.75M | 70.01M | 62.50M | 35.53M | 57.84M | 72.97M |
| Book Value Per Share | 1.36 | 1.83 | 2.01 | 1.46 | 2.49 | 3.88 |
| Tangible Book Value | 49.69M | 66.30M | 60.16M | 30.73M | 51.32M | 76.49M |
| Tangible Book Value Per Share | 1.36 | 1.83 | 2.00 | 1.44 | 2.46 | 3.68 |
| Machinery | 176.00K | 176.00K | 542.00K | 1.20M | ||
| Leasehold Improvements | 542.00K | 542.00K | 542.00K | 542.00K | 1.83M | 578.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -32.74M | -42.57M | -27.82M | -28.32M | -28.67M | -30.70M |
| Depreciation & Amortization | 491.00K | 560.00K | 936.00K | 929.00K | 1.00M | 1.01M |
| Other Amortization | 600.00K | 866.00K | ||||
| Asset Writedown & Restructuring Costs | 2.52M | |||||
| Stock-Based Compensation | 4.97M | 5.49M | 2.58M | 3.42M | 4.24M | 7.21M |
| Provision & Write-off of Bad Debts | -307.00K | 146.00K | ||||
| Other Operating Activities | 102.00K | 26.00K | 562.00K | 682.00K | 132.00K | 132.00K |
| Change in Accounts Receivable | -5.09M | -172.00K | 186.00K | -956.00K | -1.42M | 2.00M |
| Change in Inventory | -2.79M | -2.82M | 656.00K | 353.00K | -1.86M | -2.49M |
| Change in Accounts Payable | -1.16M | 378.00K | 815.00K | 1.35M | -566.00K | -356.00K |
| Change in Unearned Revenue | 218.00K | 371.00K | -948.00K | 187.00K | ||
| Change in Income Taxes | 69.00K | 42.00K | -299.00K | 311.00K | -13.00K | |
| Change in Other Net Operating Assets | -194.00K | 464.00K | 31.00K | -158.00K | -2.09M | -13.00K |
| Operating Cash Flow | -36.10M | -38.21M | -23.45M | -22.61M | -25.80M | -22.36M |
| Capital Expenditures | -176.00K | -176.00K | -32.00K | |||
| Sale (Purchase) of Intangibles | -66.00K | -66.00K | -561.00K | |||
| Investing Cash Flow | -242.00K | -242.00K | -593.00K | |||
| Long-Term Debt Issued | 7.27M | |||||
| Total Debt Issued | 7.27M | |||||
| Long-Term Debt Repaid | -290.00K | -2.56M | -912.00K | -356.00K | -386.00K | |
| Lease Payments | -312.00K | -386.00K | ||||
| Total Debt Repaid | -290.00K | -2.56M | -912.00K | -356.00K | -386.00K | |
| Net Debt Issued (Repaid) | -290.00K | -2.56M | -912.00K | 6.92M | -386.00K | |
| Issuance of Common Stock | 42.44M | 42.44M | 62.15M | 2.67M | 263.00K | 6.43M |
| Other Financing Activities | -1.02M | -1.02M | -4.89M | -149.00K | -99.00K | |
| Financing Cash Flow | 41.43M | 41.14M | 54.70M | 1.76M | 7.03M | 5.95M |
| Foreign Exchange Rate Adjustments | -2.01M | 2.12M | -2.54M | 549.00K | -1.87M | 244.00K |
| Net Cash Flow | 3.08M | 4.81M | 28.70M | -20.30M | -20.64M | -16.76M |
| Free Cash Flow | -36.28M | -38.38M | -23.45M | -22.61M | -25.80M | -22.39M |
| Free Cash Flow Margin | -190.07% | -238.43% | -219.60% | -314.06% | -386.17% | -325.80% |
| Free Cash Flow Per Share | -1.09 | -1.27 | -0.95 | -1.07 | -1.24 | -1.09 |
| Levered Free Cash Flow | -24.82M | -20.90M | -15.05M | -13.15M | -18.78M | -7.22M |
| Unlevered Free Cash Flow | -24.82M | -20.90M | -15.05M | -13.15M | -18.68M | -7.18M |
| Free Cash Flow After Leases | -36.28M | -38.38M | -23.45M | -22.61M | -26.11M | -22.78M |
| Cash Interest Paid | 11.00K | |||||
| Change in Working Capital | -8.92M | -1.71M | 591.00K | 540.00K | -5.63M | -877.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 240.36M | 285.08M | 225.40M | 202.00M | 223.35M | 234.04M |
| Enterprise Value | 208.92M | 264.69M | 205.78M | 175.88M | 177.59M | 163.33M |
| Last Close Price | 6.57 | 7.87 | 7.51 | 8.49 | 10.89 | 11.23 |
| PS Ratio | 12.59 | 17.71 | 21.10 | 28.06 | 33.43 | 34.05 |
| PB Ratio | 4.83 | 4.29 | 3.73 | 6.47 | 4.29 | 2.90 |
| P/TBV Ratio | 4.84 | 4.30 | 3.75 | 6.57 | 4.35 | 3.06 |
| EV/Sales Ratio | 10.95 | 16.44 | 19.27 | 24.43 | 26.58 | 23.77 |
| Debt / Equity Ratio | 0.15 | 0.07 | 0.09 | 0.25 | 0.16 | 0.02 |
| Net Debt / Equity Ratio | -0.62 | -0.83 | -0.82 | -0.59 | -0.74 | -0.82 |
| Net Debt / EBITDA Ratio | 0.89 | 1.35 | 1.55 | 0.66 | 1.33 | 2.22 |
| Net Debt / FCF Ratio | 0.85 | 1.43 | 2.12 | 0.81 | 1.48 | 2.94 |
| Asset Turnover | 0.34 | 0.22 | 0.19 | 0.13 | 0.09 | 0.07 |
| Inventory Turnover | 0.57 | 0.67 | 0.57 | 0.39 | 0.48 | 0.61 |
| Quick Ratio | 5.25 | 11.02 | 9.44 | 5.26 | 12.63 | 16.50 |
| Current Ratio | 6.46 | 12.53 | 10.52 | 6.58 | 14.82 | 18.56 |
| Return on Equity (ROE) | -73.53% | -67.12% | -60.70% | -68.06% | -43.23% | -34.50% |
| Return on Assets (ROA) | -39.46% | -34.91% | -36.19% | -33.05% | -24.47% | -19.79% |
| Return on Capital Employed (ROCE) | -66.40% | -57.80% | -51.90% | -76.20% | -49.10% | -36.70% |
| Earnings Yield | -15.17% | -14.93% | -12.34% | -14.02% | -12.84% | -13.12% |
| FCF Yield | -15.09% | -13.46% | -10.41% | -11.19% | -11.55% | -9.57% |
| Buyback Yield / Dilution | -20.87% | -22.08% | -16.91% | -1.69% | -1.79% | -18.33% |