The Tip Desk

PULSE BIOSCIENCES, INC.

Company Stats

Market Cap
$3.6B
as of Sep 30, 2026
Shares Outstanding
71.3M
Free Float
23.0%

Income Statement

Revenue
$350,000
Operating Income
-$76.9M
Net Income
-$72.8M
EBITDA
-$76.5M
Revenue Growth, 3Y
-20.6%

Cash Flow

Free Cash Flow
-$54.4M
FCF Yield
-1.5%
Owner FCF Yield
-2.1%

Balance Sheet

Cash & Equivalents
$80.7M

Returns & Capital

SBC, 3Y Avg
$14.1M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$350,000-$54.4M-15553.4%
FY2024$0-$36.5M—
FY2023$0-$33.2M—
FY2022$700,000-$47.4M-6773.4%
FY2021$1.4M-$54.5M-3845.8%

Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage