Delcath Systems, Inc. (DCTH) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, Delcath Systems reported revenue of $85.2M, up 129.1% from $37.2M the year before. Net income was $2.7M (a 3.2% net margin), or $0.07 per diluted share. Gross margin was 86.2% and operating margin was 0.8%. Operating activities generated $22.5M of cash, leaving $21.0M of free cash flow. At fiscal year end, Delcath Systems held $123.6M in total assets against $12.4M in total liabilities, including $43.5M of cash and equivalents.
Open the full interactive Delcath Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Delcath Systems Key Stats
| Share Price | $15.32 |
|---|---|
| Market Cap | $609.1M |
| P/E Ratio | 218.9 |
| Revenue YoY Growth | +129.1% |
| 52-Week Range | $8.19 – $17.36 |
| Shares Outstanding | 35.9 million (basic, 2026 Q2) |
Delcath Systems Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.3M | $2.7M | $2.1M | $37.2M | $85.2M |
| Gross Profit | $1.0M | $2.9M | $2.0M | $1.4M | $31.0M | $73.4M |
| Operating Income | -$21.3M | -$24.5M | -$33.9M | -$38.2M | -$12.4M | $660,000 |
| Pre-Tax Income | -$24.2M | -$25.6M | -$36.5M | -$47.7M | -$26.4M | $3.5M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $810,000 |
| Net Income | -$24.2M | -$25.6M | -$36.5M | -$47.7M | -$26.4M | $2.7M |
| Diluted EPS | -$8.35 | -$3.59 | -$4.12 | -$2.94 | -$0.93 | $0.07 |
Delcath Systems Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $20.6M | $20.7M | $25.0M | $29.1M |
| Net Income | $830,000 | -$1.9M | -$1.1M | $2.7M |
| Diluted EPS | $0.02 | -$0.05 | -$0.03 | $0.07 |
Delcath Systems Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.6M | $22.8M | $7.7M | $12.6M | $32.4M | $43.5M |
| Current Assets | $32.3M | $31.2M | $16.2M | $37.2M | $73.8M | $119.5M |
| Total Assets | $34.6M | $33.1M | $17.9M | $38.6M | $76.6M | $123.6M |
| Current Liabilities | $10.0M | $6.0M | $14.7M | $16.4M | $6.1M | $10.9M |
| Total Long-Term Debt | — | $17.6M | $16.9M | $10.2M | — | — |
| Total Liabilities | $12.6M | $21.2M | $23.7M | $22.8M | $7.8M | $12.4M |
| Shareholders' Equity | $22.1M | $12.0M | -$5.9M | $15.8M | $68.7M | $111.2M |
Delcath Systems Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$22.9M | -$22.6M | -$24.9M | -$31.3M | -$18.7M | $22.5M |
| Cash From Investing | -$782,000 | -$143,000 | -$209,000 | -$19.7M | -$981,000 | -$26.6M |
| Cash From Financing | $42.4M | $20.8M | $10.1M | $51.8M | $39.4M | $15.0M |
| Free Cash Flow | -$23.6M | -$22.7M | -$25.2M | -$31.4M | -$19.3M | $21.0M |
Figures from Delcath Systems' 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 Delcath Systems financials page for every line item.
Delcath Systems Company Profile
| Ticker | DCTH |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Queensbury, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000872912 |
Frequently Asked Questions
What was Delcath Systems' revenue in fiscal 2025?
Delcath Systems (DCTH) reported revenue of $85.2M for fiscal 2025.
What is Delcath Systems' annual revenue history?
Delcath Systems' annual revenue by fiscal year: 2020: $1.2M; 2021: $1.3M; 2022: $2.7M; 2023: $2.1M; 2024: $37.2M; 2025: $85.2M.
What was Delcath Systems' net income in fiscal 2025?
Delcath Systems reported net income of $2.7M for fiscal 2025.
What was Delcath Systems' earnings per share (EPS) in fiscal 2025?
Delcath Systems' diluted EPS was $0.07 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Delcath Systems generate in fiscal 2025?
Delcath Systems generated $21.0M of free cash flow in fiscal 2025.
What was Delcath Systems' revenue last quarter?
In its most recent reported quarter (2026 Q2), Delcath Systems reported revenue of $29.1M.
How many shares of Delcath Systems are outstanding?
Delcath Systems reported a weighted average of 35.9 million basic shares outstanding in 2026 Q2.
What is Delcath Systems' market cap?
Based on its latest closing price, Delcath Systems (DCTH) has a market capitalization of about $609.1M.
When does Delcath Systems' fiscal year end?
Delcath Systems' fiscal year end, as registered with the SEC, is December 31.
Where is Delcath Systems headquartered?
Delcath Systems lists its business address in Queensbury, New York in its SEC filings.
Delcath Systems Competitors & Similar Companies
See all 109 Surgical & Medical Instruments & Apparatus companies →