Apyx Medical Corp (APYX) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, Apyx Medical reported revenue of $52.8M, up 9.9% from $48.1M the year before. Net income was -$11.2M (a -21.2% net margin). Gross margin was 62.5% and operating margin was -12.2%. Operating activities generated -$8.0M of cash, leaving -$9.1M of free cash flow. At fiscal year end, Apyx Medical held $66.8M in total assets against $52.0M in total liabilities, including $31.7M of cash and equivalents.
Open the full interactive Apyx Medical financials → Quarterly statements, key ratios, valuation history and price charts.
Apyx Medical Key Stats
| Share Price | $2.60 |
|---|---|
| Market Cap | $114.0M |
| Revenue YoY Growth | +9.9% |
| 52-Week Range | $2.36 – $4.86 |
| Shares Outstanding | 43.9 million (basic, 2026 Q2) |
Apyx Medical Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $27.7M | $48.5M | $44.5M | $52.3M | $48.1M | $52.8M |
| Cost of Goods Sold | $10.2M | $14.9M | $15.4M | $18.6M | $18.7M | $19.8M |
| Gross Profit | $17.5M | $33.6M | $29.1M | $33.8M | $29.4M | $33.0M |
| Operating Income | -$20.1M | -$14.4M | -$23.6M | -$17.3M | -$18.8M | -$6.4M |
| Pre-Tax Income | -$19.4M | -$14.8M | -$22.9M | -$21.3M | -$23.3M | -$10.8M |
| Income Tax | -$7.5M | $380,000 | $367,000 | -$2.4M | $252,000 | $270,000 |
| Net Income | -$11.9M | -$15.2M | -$23.2M | -$18.7M | -$23.5M | -$11.2M |
| Diluted EPS | -$0.35 | -$0.44 | -$0.67 | -$0.54 | — | — |
Apyx Medical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $12.9M | $19.2M | $12.5M | $13.9M |
| Net Income | -$2.0M | -$1.3M | -$2.1M | -$3.2M |
Apyx Medical Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41.9M | $30.9M | $10.2M | $43.7M | $31.7M | $31.7M |
| Current Assets | $66.1M | $60.7M | $43.0M | $70.4M | $56.4M | $58.5M |
| Total Assets | $74.1M | $68.7M | $51.8M | $79.2M | $64.8M | $66.8M |
| Current Liabilities | $9.2M | $13.2M | $11.8M | $12.7M | $10.7M | $11.7M |
| Total Long-Term Debt | — | — | — | $33.2M | $37.5M | $37.5M |
| Total Liabilities | $10.3M | $14.7M | $14.0M | $52.3M | $50.5M | $52.0M |
| Shareholders' Equity | $63.7M | $53.7M | $37.6M | $26.7M | $14.2M | $14.5M |
Apyx Medical Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$16.1M | -$10.4M | -$20.3M | -$5.2M | -$18.0M | -$8.0M |
| Cash From Investing | -$581,000 | -$723,000 | -$1.0M | $6.7M | -$722,000 | -$1.1M |
| Cash From Financing | -$73,000 | $24,000 | $217,000 | $32.2M | $6.7M | $9.6M |
| Free Cash Flow | -$16.6M | -$11.2M | -$21.3M | -$5.7M | -$18.7M | -$9.1M |
Figures from Apyx Medical's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Apyx Medical financials page for every line item.
Apyx Medical Company Profile
| Ticker | APYX |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Clearwater, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000719135 |
Frequently Asked Questions
What was Apyx Medical's revenue in fiscal 2025?
Apyx Medical (APYX) reported revenue of $52.8M for fiscal 2025.
What is Apyx Medical's annual revenue history?
Apyx Medical's annual revenue by fiscal year: 2020: $27.7M; 2021: $48.5M; 2022: $44.5M; 2023: $52.3M; 2024: $48.1M; 2025: $52.8M.
What was Apyx Medical's net income in fiscal 2025?
Apyx Medical reported net income of -$11.2M for fiscal 2025.
How much free cash flow did Apyx Medical generate in fiscal 2025?
Apyx Medical generated -$9.1M of free cash flow in fiscal 2025.
What was Apyx Medical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Apyx Medical reported revenue of $13.9M.
How much debt does Apyx Medical have?
Apyx Medical reported $37.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Apyx Medical are outstanding?
Apyx Medical reported a weighted average of 43.9 million basic shares outstanding in 2026 Q2.
What is Apyx Medical's market cap?
Based on its latest closing price, Apyx Medical (APYX) has a market capitalization of about $114.0M.
When does Apyx Medical's fiscal year end?
Apyx Medical's fiscal year end, as registered with the SEC, is December 31.
Where is Apyx Medical headquartered?
Apyx Medical lists its business address in Clearwater, Florida in its SEC filings.