Intuitive Surgical Inc (ISRG) Financial Statements
Industry: Orthopedic, Prosthetic & Surgical Appliances & Supplies
In fiscal 2025, Intuitive Surgical reported revenue of $10.06B, up 20.5% from $8.35B the year before. Net income was $2.86B (a 28.4% net margin), or $7.87 per diluted share. Gross margin was 66.0% and operating margin was 29.3%. Operating activities generated $3.03B of cash, leaving $2.49B of free cash flow. At fiscal year end, Intuitive Surgical held $20.46B in total assets against $2.52B in total liabilities, including $3.37B of cash and equivalents.
Open the full interactive Intuitive Surgical financials → Quarterly statements, key ratios, valuation history and price charts.
Intuitive Surgical Key Stats
| Share Price | $422.06 |
|---|---|
| Market Cap | $150.80B |
| P/E Ratio | 53.6 |
| Revenue YoY Growth | +20.5% |
| 52-Week Range | $332.02 – $592.85 |
| Shares Outstanding | 354.1 million (basic, 2026 Q2) |
Intuitive Surgical Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.36B | $5.71B | $6.22B | $7.12B | $8.35B | $10.06B |
| Cost of Goods Sold | $1.50B | $1.75B | $2.03B | $2.39B | $2.72B | $3.42B |
| Gross Profit | $2.86B | $3.96B | $4.20B | $4.73B | $5.63B | $6.64B |
| Operating Income | $1.05B | $1.82B | $1.58B | $1.77B | $2.35B | $2.95B |
| Pre-Tax Income | $1.21B | $1.89B | $1.61B | $1.96B | $2.67B | $3.31B |
| Income Tax | $140.2M | $162.2M | $262.4M | $141.6M | $336.3M | $434.8M |
| Net Income | $1.06B | $1.70B | $1.32B | $1.80B | $2.32B | $2.86B |
| Diluted EPS | $2.94 | $4.66 | $3.65 | $5.03 | $6.42 | $7.87 |
Intuitive Surgical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.51B | $2.87B | $2.77B | $2.89B |
| Net Income | $704.4M | $794.8M | $821.5M | $818.1M |
| Diluted EPS | $1.95 | $2.19 | $2.28 | $2.29 |
Intuitive Surgical Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.62B | $1.29B | $1.58B | $2.75B | $2.03B | $3.37B |
| Current Assets | $6.63B | $5.84B | $6.25B | $7.89B | $7.11B | $9.78B |
| Total Assets | $11.17B | $13.55B | $12.97B | $15.44B | $18.74B | $20.46B |
| Current Liabilities | $965.2M | $1.15B | $1.42B | $1.66B | $1.75B | $2.01B |
| Total Liabilities | $1.41B | $1.60B | $1.86B | $2.04B | $2.21B | $2.52B |
| Shareholders' Equity | $9.73B | $11.90B | $11.04B | $13.31B | $16.43B | $17.82B |
Intuitive Surgical Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.48B | $2.09B | $1.49B | $1.81B | $2.42B | $3.03B |
| Cash From Investing | -$940.6M | -$2.46B | $1.37B | -$360.1M | -$3.27B | $665.8M |
| Cash From Financing | -$85.7M | $43.0M | -$2.57B | -$287.6M | $150.9M | -$2.36B |
| Free Cash Flow | $1.14B | $1.74B | $958.4M | $749.6M | $1.30B | $2.49B |
Figures from Intuitive Surgical'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 Intuitive Surgical financials page for every line item.
Intuitive Surgical Company Profile
| Ticker | ISRG |
|---|---|
| Exchange | Nasdaq |
| Industry | Orthopedic, Prosthetic & Surgical Appliances & Supplies |
| Headquarters | Sunnyvale, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001035267 |
Frequently Asked Questions
What was Intuitive Surgical's revenue in fiscal 2025?
Intuitive Surgical (ISRG) reported revenue of $10.06B for fiscal 2025.
What is Intuitive Surgical's annual revenue history?
Intuitive Surgical's annual revenue by fiscal year: 2020: $4.36B; 2021: $5.71B; 2022: $6.22B; 2023: $7.12B; 2024: $8.35B; 2025: $10.06B.
What was Intuitive Surgical's net income in fiscal 2025?
Intuitive Surgical reported net income of $2.86B for fiscal 2025.
What was Intuitive Surgical's earnings per share (EPS) in fiscal 2025?
Intuitive Surgical's diluted EPS was $7.87 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Intuitive Surgical generate in fiscal 2025?
Intuitive Surgical generated $2.49B of free cash flow in fiscal 2025.
What was Intuitive Surgical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Intuitive Surgical reported revenue of $2.89B.
How many shares of Intuitive Surgical are outstanding?
Intuitive Surgical reported a weighted average of 354.1 million basic shares outstanding in 2026 Q2.
What is Intuitive Surgical's market cap?
Based on its latest closing price, Intuitive Surgical (ISRG) has a market capitalization of about $150.80B.
When does Intuitive Surgical's fiscal year end?
Intuitive Surgical's fiscal year end, as registered with the SEC, is December 31.
Where is Intuitive Surgical headquartered?
Intuitive Surgical lists its business address in Sunnyvale, California in its SEC filings.
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