electroCore, Inc. (ECOR) Financial Statements
Industry: Electromedical & Electrotherapeutic Apparatus
In fiscal 2025, electroCore reported revenue of $32.0M, up 27.2% from $25.2M the year before. Net income was -$14.0M (a -43.6% net margin), or -$1.65 per diluted share. Gross margin was 86.8% and operating margin was -41.1%. Operating activities generated -$8.2M of cash, leaving $8.1M of free cash flow. At fiscal year end, electroCore held $18.7M in total assets against $20.4M in total liabilities, including $7.0M of cash and equivalents.
Open the full interactive electroCore financials → Quarterly statements, key ratios, valuation history and price charts.
electroCore Key Stats
| Share Price | $8.39 |
|---|---|
| Market Cap | $78.9M |
| Revenue YoY Growth | +27.2% |
| 52-Week Range | $4.42 – $12.29 |
| Shares Outstanding | 9.4 million (basic, 2026 Q2) |
electroCore Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.5M | $5.5M | $8.6M | $16.0M | $25.2M | $32.0M |
| Cost of Goods Sold | $1.7M | $1.4M | $1.6M | $2.8M | $3.8M | $4.2M |
| Gross Profit | $1.8M | $4.1M | $7.0M | $13.2M | $21.4M | $27.8M |
| Operating Income | -$24.7M | -$20.0M | -$22.9M | -$19.3M | -$12.2M | -$13.2M |
| Pre-Tax Income | -$24.7M | -$18.1M | -$22.6M | -$19.0M | -$12.0M | -$14.0M |
| Income Tax | -$1.2M | -$851,170 | -$431,000 | -$186,000 | -$93,000 | $3,000 |
| Net Income | -$23.5M | -$17.2M | -$22.2M | -$18.8M | -$11.9M | -$14.0M |
| Diluted EPS | -$9.00 | -$4.35 | -$4.69 | -$3.42 | -$1.59 | -$1.65 |
electroCore Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $8.7M | $9.2M | $9.6M | $9.4M |
| Net Income | -$3.4M | -$3.0M | -$5.3M | -$3.1M |
| Diluted EPS | -$0.40 | -$0.36 | -$0.59 | -$0.33 |
electroCore Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.2M | $34.7M | $17.7M | $10.3M | $3.5M | $7.0M |
| Current Assets | $25.1M | $37.5M | $21.2M | $14.3M | $16.3M | $15.7M |
| Total Assets | $31.5M | $42.8M | $24.8M | $16.1M | $20.5M | $18.7M |
| Current Liabilities | $5.9M | $5.5M | $7.0M | $8.1M | $9.2M | $11.3M |
| Total Long-Term Debt | $1.1M | — | — | — | — | $7.8M |
| Total Liabilities | $7.9M | $6.2M | $7.7M | $8.7M | $12.9M | $20.4M |
| Shareholders' Equity | $23.0M | $36.6M | $17.1M | $7.4M | $7.5M | -$1.7M |
electroCore Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$20.1M | -$13.6M | -$16.6M | -$14.7M | -$6.9M | -$8.2M |
| Cash From Investing | -$8.0M | $18.2M | — | -$206,000 | -$8.5M | $3.9M |
| Cash From Financing | $19.0M | $25.7M | — | $7.5M | $8.4M | $7.6M |
| Free Cash Flow | -$20.2M | $13.6M | — | -$14.9M | $6.9M | $8.1M |
Figures from electroCore'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 electroCore financials page for every line item.
electroCore Company Profile
| Ticker | ECOR |
|---|---|
| Exchange | Nasdaq |
| Industry | Electromedical & Electrotherapeutic Apparatus |
| Headquarters | Rockaway, New Jersey |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001560258 |
Frequently Asked Questions
What was electroCore's revenue in fiscal 2025?
electroCore (ECOR) reported revenue of $32.0M for fiscal 2025.
What is electroCore's annual revenue history?
electroCore's annual revenue by fiscal year: 2020: $3.5M; 2021: $5.5M; 2022: $8.6M; 2023: $16.0M; 2024: $25.2M; 2025: $32.0M.
What was electroCore's net income in fiscal 2025?
electroCore reported net income of -$14.0M for fiscal 2025.
What was electroCore's earnings per share (EPS) in fiscal 2025?
electroCore's diluted EPS was -$1.65 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did electroCore generate in fiscal 2025?
electroCore generated $8.1M of free cash flow in fiscal 2025.
What was electroCore's revenue last quarter?
In its most recent reported quarter (2026 Q2), electroCore reported revenue of $9.4M.
How much debt does electroCore have?
electroCore reported $7.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of electroCore are outstanding?
electroCore reported a weighted average of 9.4 million basic shares outstanding in 2026 Q2.
What is electroCore's market cap?
Based on its latest closing price, electroCore (ECOR) has a market capitalization of about $78.9M.
When does electroCore's fiscal year end?
electroCore's fiscal year end, as registered with the SEC, is December 31.
Where is electroCore headquartered?
electroCore lists its business address in Rockaway, New Jersey in its SEC filings.