Picard Medical, Inc. (PMI) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, Picard Medical reported revenue of $4.9M. Net income was -$27.0M (a -546.6% net margin). Gross margin was -4.1% and operating margin was -268.4%. Operating activities generated -$15.7M of cash. At fiscal year end, Picard Medical held $22.5M in total assets against $18.8M in total liabilities, including $7.5M of cash and equivalents.
Open the full interactive Picard Medical financials → Quarterly statements, key ratios, valuation history and price charts.
Picard Medical Key Stats
| Share Price | $15.33 |
|---|---|
| Market Cap | $28.4M |
| 52-Week Range | $3.03 – $660.00 |
| Shares Outstanding | 1.9 million (basic, 2026 Q2) |
Picard Medical Income Statement
| FY 2025 | |
|---|---|
| Revenue | $4.9M |
| Gross Profit | -$204,000 |
| Operating Income | -$13.3M |
| Pre-Tax Income | -$27.0M |
| Income Tax | $35,000 |
| Net Income | -$27.0M |
Picard Medical Quarterly Results
| 2025 Q2 | 2025 Q3 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.1M | $1.2M | $1.1M | $3.0M |
| Net Income | -$6.7M | -$10.4M | -$7.6M | -$5.7M |
Picard Medical Balance Sheet
| FY 2025 | |
|---|---|
| Cash & Equivalents | $7.5M |
| Current Assets | $20.7M |
| Total Assets | $22.5M |
| Current Liabilities | $18.7M |
| Total Liabilities | $18.8M |
| Shareholders' Equity | $3.8M |
Picard Medical Cash Flow Statement
| FY 2025 | |
|---|---|
| Cash From Operations | -$15.7M |
| Cash From Financing | $27.1M |
Figures from Picard 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 Picard Medical financials page for every line item.
Picard Medical Company Profile
| Ticker | PMI |
|---|---|
| Exchange | NYSE |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Tucson, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0002030617 |
Frequently Asked Questions
What was Picard Medical's revenue in fiscal 2025?
Picard Medical (PMI) reported revenue of $4.9M for fiscal 2025.
What was Picard Medical's net income in fiscal 2025?
Picard Medical reported net income of -$27.0M for fiscal 2025.
What was Picard Medical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Picard Medical reported revenue of $3.0M.
How many shares of Picard Medical are outstanding?
Picard Medical reported a weighted average of 1.9 million basic shares outstanding in 2026 Q2.
What is Picard Medical's market cap?
Based on its latest closing price, Picard Medical (PMI) has a market capitalization of about $28.4M.
When does Picard Medical's fiscal year end?
Picard Medical's fiscal year end, as registered with the SEC, is December 31.
Where is Picard Medical headquartered?
Picard Medical lists its business address in Tucson, Arizona in its SEC filings.