Symbols / PMI $0.15 -3.69% Picard Medical, Inc.

Healthcare • Medical Devices • United States • ASE
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Healthcare
Industry Medical Devices
CEO Mr. Patrick N. J. Schnegelsberg
Exch · Country ASE · United States
Market Cap 14.22M
Enterprise Value 17.37M
Income -28.28M
Sales 5.47M
FCF (ttm) -15.29M
Book/sh -0.02
Cash/sh 0.00
Employees 75
Insider 10d —
IPO Aug 29, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -1.71
PEG —
P/S 2.60
P/B -8.11
P/C —
EV/EBITDA -1.21
EV/Sales 3.18
Quick Ratio 0.06
Current Ratio 0.75
Debt/Eq —
LT Debt/Eq —
EPS (ttm) -0.76
EPS next Y -0.09
EPS Growth —
Revenue Growth 85.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-14
Earnings (prior) —
ROA -78.30%
ROE —
ROIC —
Gross Margin 7.84%
Oper. Margin -3.92%
Profit Margin 0.00%
Shs Outstand 92.35M
Shs Float 39.51M
Insider Own 61.61%
Instit Own 8.01%
Short Float 3.99%
Short Ratio 0.73
Short Interest 1.11M
52W High 13.68
vs 52W High -98.87%
52W Low 0.13
vs 52W Low 20.31%
Beta —
Impl. Vol. —
Rel Volume 0.95
Avg Volume 7.26M
Volume 6.87M
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom Hold
Prev Close $0.16
Price $0.15
Change -3.69%
About

Picard Medical, Inc., together with its subsidiaries, engages in the designing, manufacturing, production, supply, marketing, and sale of medical device products. The company offers SynCardia TAH, an artificial heart for patients that is designed to function as a failed human heart in patients suffering from advanced heart failure. The company operates in the United States, Europe, and internationally. The company was incorporated in 2021 and is headquartered in Tucson, Arizona. Picard Medical, Inc. operates as a subsidiary of Hunniwell Picard I, Llc.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.15
Latest analyst target
3. DCF / Fair value
$-2.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.15
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-18 init HC Wainwright & Co. — → Neutral —
News
RSS: Latest PMI news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
4.94
+12.50%
4.39
-12.93%
5.04
+22.61%
4.11
Operating Revenue
4.94
+12.50%
4.39
-12.93%
5.04
+22.61%
4.11
Cost Of Revenue
5.14
+14.23%
4.50
-38.77%
7.35
-19.20%
9.10
Reconciled Cost Of Revenue
5.14
+14.23%
4.50
-38.77%
7.35
-19.20%
9.10
Gross Profit
-0.20
-82.14%
-0.11
+95.15%
-2.31
+53.67%
-4.99
Operating Expense
13.05
-4.02%
13.60
+3.10%
13.19
+116.99%
6.08
Research And Development
3.05
-9.79%
3.38
+52.73%
2.21
+16.35%
1.90
Selling General And Administration
10.00
-2.11%
10.22
-6.90%
10.98
+162.82%
4.18
Total Expenses
18.20
+0.52%
18.10
-11.89%
20.55
+35.34%
15.18
Operating Income
-13.26
+3.32%
-13.71
+11.55%
-15.50
-40.07%
-11.07
Total Operating Income As Reported
-13.26
+3.32%
-13.71
+11.55%
-15.50
-40.07%
-11.07
EBITDA
-21.06
-20.63%
-17.46
-17.61%
-14.85
-39.96%
-10.61
Normalized EBITDA
-15.04
-14.20%
-13.17
+11.30%
-14.85
-39.96%
-10.61
Reconciled Depreciation
0.51
-5.71%
0.54
-7.18%
0.58
+7.34%
0.55
EBIT
-21.57
-19.84%
-18.00
-16.67%
-15.43
-38.37%
-11.15
Total Unusual Items
-6.02
-40.36%
-4.29
—
—
Total Unusual Items Excluding Goodwill
-6.02
-40.36%
-4.29
—
—
Net Income
-27.00
-28.25%
-21.05
-35.24%
-15.57
-39.41%
-11.17
Pretax Income
-26.97
-27.99%
-21.07
-35.32%
-15.57
-39.56%
-11.16
Net Non Operating Interest Income Expense
-7.69
-150.64%
-3.07
-2122.46%
-0.14
-3550.00%
0.00
Interest Expense Non Operating
5.39
+75.84%
3.07
+2090.71%
0.14
+2700.00%
0.01
Net Interest Income
-7.69
-150.64%
-3.07
-2122.46%
-0.14
-3550.00%
0.00
Interest Expense
5.39
+75.84%
3.07
+2090.71%
0.14
+2700.00%
0.01
Interest Income Non Operating
—
0.00
-100.00%
0.00
-77.78%
0.01
Interest Income
—
0.00
-100.00%
0.00
-77.78%
0.01
Other Income Expense
-6.02
-40.36%
-4.29
-6318.84%
0.07
+173.40%
-0.09
Other Non Operating Income Expenses
1.02
—
0.07
+173.40%
-0.09
Gain On Sale Of Security
-6.02
-40.36%
-4.29
—
—
Tax Provision
0.04
+333.33%
-0.01
-650.00%
-0.00
-118.18%
0.01
Tax Rate For Calcs
0.00
+20900.00%
0.00
+681.25%
0.00
-99.94%
0.00
Tax Effect Of Unusual Items
-1.26
-29376.35%
-0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-27.00
-28.25%
-21.05
-35.24%
-15.57
-39.41%
-11.17
Net Income From Continuing Operation Net Minority Interest
-27.00
-28.25%
-21.05
-35.24%
-15.57
-39.41%
-11.17
Net Income From Continuing And Discontinued Operation
-27.00
-28.25%
-21.05
-35.24%
-15.57
-39.41%
-11.17
Net Income Continuous Operations
-27.00
-28.25%
-21.05
-35.24%
-15.57
-39.41%
-11.17
Normalized Income
-22.24
-32.65%
-16.77
-7.70%
-15.57
-39.41%
-11.17
Net Income Common Stockholders
-27.00
-13.75%
-23.74
-31.86%
-18.00
-42.08%
-12.67
Diluted EPS
-0.75
-127.67%
-0.33
-31.86%
-0.25
-42.08%
-0.18
Basic EPS
-0.75
-127.67%
-0.33
-31.86%
-0.25
-42.08%
-0.18
Basic Average Shares
36.23
-49.72%
72.06
+0.00%
72.06
+0.00%
72.06
Diluted Average Shares
36.23
-49.72%
72.06
+0.00%
72.06
+0.00%
72.06
Diluted NI Availto Com Stockholders
-27.00
-13.75%
-23.74
-31.86%
-18.00
-42.08%
-12.67
Preferred Stock Dividends
—
2.68
+10.23%
2.43
+61.98%
1.50
Rent Expense Supplemental
1.71
-14.78%
2.01
-16.60%
2.41
+68.82%
1.43
Total Other Finance Cost
2.29
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
22.55
+86.25%
12.11
+6.44%
11.37
-26.33%
15.44
Current Assets
20.73
+111.68%
9.79
+11.76%
8.76
-27.73%
12.12
Cash Cash Equivalents And Short Term Investments
7.45
+7661.46%
0.10
-60.66%
0.24
+60.53%
0.15
Cash And Cash Equivalents
7.45
+7661.46%
0.10
-60.66%
0.24
+60.53%
0.15
Receivables
0.76
+21.12%
0.62
-15.65%
0.74
-79.65%
3.64
Accounts Receivable
0.62
+21.44%
0.51
-18.44%
0.63
-28.68%
0.88
Inventory
7.30
-10.01%
8.12
+17.73%
6.89
-5.91%
7.33
Raw Materials
6.12
-3.07%
6.32
+0.51%
6.29
+18.29%
5.32
Work In Process
2.53
-8.36%
2.76
+152.88%
1.09
-15.14%
1.29
Finished Goods
1.48
+2.43%
1.44
-15.32%
1.70
-30.11%
2.44
Restricted Cash
4.00
0.00
—
—
Other Current Assets
1.22
+27.23%
0.95
+8.15%
0.88
-11.96%
1.00
Total Non Current Assets
1.82
-21.30%
2.31
-11.40%
2.61
-21.22%
3.32
Net PPE
0.70
-36.78%
1.10
-15.98%
1.31
-31.95%
1.93
Gross PPE
1.30
-20.28%
1.63
-8.23%
1.77
-20.28%
2.22
Accumulated Depreciation
-0.60
-14.53%
-0.52
-13.94%
-0.46
-56.66%
-0.29
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
0.52
-41.00%
0.88
-7.54%
0.95
-22.04%
1.23
Other Properties
0.68
+4.98%
0.64
-10.32%
0.72
-20.16%
0.90
Leases
0.10
+0.00%
0.10
+0.00%
0.10
+0.00%
0.10
Goodwill And Other Intangible Assets
1.12
-7.18%
1.21
-6.77%
1.30
-6.28%
1.39
Goodwill
0.61
+0.00%
0.61
+0.00%
0.61
+0.00%
0.61
Other Intangible Assets
0.51
-14.60%
0.60
-12.87%
0.68
-11.28%
0.77
Total Liabilities Net Minority Interest
18.76
-47.66%
35.84
+140.13%
14.93
+266.64%
4.07
Current Liabilities
18.70
-47.08%
35.33
+283.47%
9.21
+207.17%
3.00
Payables And Accrued Expenses
2.87
-57.32%
6.72
+67.59%
4.01
+118.11%
1.84
Payables
2.08
-60.72%
5.29
+71.68%
3.08
+121.48%
1.39
Accounts Payable
2.08
-60.72%
5.29
+71.68%
3.08
+121.48%
1.39
Current Accrued Expenses
0.79
-44.72%
1.43
+53.99%
0.93
+107.61%
0.45
Pensionand Other Post Retirement Benefit Plans Current
0.57
-39.00%
0.94
+22.21%
0.77
+210.48%
0.25
Current Debt And Capital Lease Obligation
6.91
-66.14%
20.41
+367.37%
4.37
+392.33%
0.89
Current Debt
6.45
-67.72%
19.98
+392.38%
4.06
+554.35%
0.62
Other Current Borrowings
1.00
-94.99%
19.98
+392.38%
4.06
+554.35%
0.62
Current Capital Lease Obligation
0.46
+6.68%
0.43
+40.00%
0.31
+16.10%
0.27
Other Current Liabilities
8.34
+15.02%
7.25
+11231.25%
0.06
+156.00%
0.03
Total Non Current Liabilities Net Minority Interest
0.06
-87.62%
0.52
-90.95%
5.71
+433.02%
1.07
Long Term Debt And Capital Lease Obligation
0.06
-87.62%
0.52
-89.75%
5.04
+370.52%
1.07
Long Term Debt
—
—
4.28
—
Long Term Capital Lease Obligation
0.06
-87.62%
0.52
-32.15%
0.76
-28.92%
1.07
Other Non Current Liabilities
—
—
0.67
—
Preferred Securities Outside Stock Equity
—
20.27
+0.00%
20.27
+0.00%
20.27
Stockholders Equity
3.79
+115.96%
-23.74
-568.24%
-3.55
-131.24%
11.37
Common Stock Equity
3.79
+108.61%
-44.00
-84.75%
-23.82
-167.73%
-8.90
Capital Stock
0.01
-99.97%
20.27
+0.00%
20.27
+0.00%
20.27
Common Stock
0.01
+600.00%
0.00
+0.00%
0.00
0.00
Preferred Stock
0.00
-100.00%
20.27
+0.00%
20.27
+0.00%
20.27
Share Issued
73.70
+2.28%
72.06
+0.00%
72.06
+0.00%
72.06
Ordinary Shares Number
73.70
+2.28%
72.06
+0.00%
72.06
+0.00%
72.06
Additional Paid In Capital
80.40
+1345.73%
5.56
+18.95%
4.67
+19.17%
3.92
Retained Earnings
-76.84
-54.18%
-49.84
-73.14%
-28.79
-117.80%
-13.22
Gains Losses Not Affecting Retained Earnings
0.23
-17.99%
0.28
-5.12%
0.29
-26.38%
0.40
Other Equity Adjustments
0.23
-17.99%
0.28
-5.12%
0.29
-26.38%
0.40
Total Equity Gross Minority Interest
3.79
+115.96%
-23.74
-568.24%
-3.55
-131.24%
11.37
Total Capitalization
3.79
+115.96%
-23.74
-3351.51%
0.73
-93.58%
11.37
Working Capital
2.03
+107.95%
-25.53
-5561.64%
-0.45
-104.94%
9.12
Invested Capital
10.24
+142.61%
-24.02
-55.22%
-15.48
-87.02%
-8.28
Total Debt
6.97
-66.67%
20.93
+122.37%
9.41
+380.40%
1.96
Net Debt
—
19.88
+145.58%
8.10
+1629.70%
0.47
Capital Lease Obligations
0.53
-44.58%
0.95
-11.29%
1.07
-19.94%
1.34
Net Tangible Assets
2.67
+110.68%
-24.95
-414.27%
-4.85
-148.59%
9.98
Tangible Book Value
2.67
+105.89%
-45.21
-80.01%
-25.12
-144.27%
-10.28
Current Notes Payable
5.45
0.00
—
—
Duefrom Related Parties Current
0.13
+19.64%
0.11
+0.00%
0.11
-95.94%
2.76
Interest Payable
0.01
-99.21%
0.76
0.00
—
Inventories Adjustments Allowances
-2.83
-17.50%
-2.41
-10.04%
-2.19
-27.76%
-1.72
Non Current Accrued Expenses
—
0.00
-100.00%
0.67
0.00
Preferred Stock Equity
—
20.27
+0.00%
20.27
+0.00%
20.27
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-15.67
-31.99%
-11.87
-11.66%
-10.63
+0.83%
-10.72
Cash Flow From Continuing Operating Activities
-15.67
-31.98%
-11.88
-11.67%
-10.63
+0.83%
-10.72
Net Income From Continuing Operations
-27.00
-28.25%
-21.05
-35.24%
-15.57
-39.41%
-11.17
Depreciation Amortization Depletion
0.51
-5.71%
0.54
-7.18%
0.58
+7.34%
0.55
Depreciation
0.42
-6.80%
0.46
-22.05%
0.58
+7.34%
0.55
Amortization Cash Flow
0.09
+0.00%
0.09
—
—
Depreciation And Amortization
0.51
-5.71%
0.54
-7.18%
0.58
+7.34%
0.55
Amortization Of Intangibles
0.09
+0.00%
0.09
—
—
Other Non Cash Items
4.53
+89.33%
2.39
—
—
Stock Based Compensation
0.75
-14.90%
0.89
+566.17%
0.13
-10.14%
0.15
Provisionand Write Offof Assets
0.42
+291.67%
0.11
-87.71%
0.88
-47.62%
1.68
Operating Gains Losses
9.33
+117.53%
4.29
+7298.28%
0.06
—
Gain Loss On Investment Securities
9.33
+117.53%
4.29
—
—
Unrealized Gain Loss On Investment Securities
-1.02
0.00
—
—
Gain Loss On Sale Of PPE
—
0.00
-100.00%
0.06
0.00
Change In Working Capital
-3.20
-432.50%
0.96
-70.64%
3.28
+270.30%
-1.93
Change In Receivables
-0.12
-203.45%
0.12
-54.15%
0.25
+20.48%
0.21
Changes In Account Receivables
-0.12
-203.45%
0.12
-54.15%
0.25
+20.48%
0.21
Change In Inventory
0.39
+129.32%
-1.33
-198.21%
-0.45
+71.97%
-1.59
Change In Prepaid Assets
-0.25
-247.22%
-0.07
-160.00%
0.12
+130.77%
-0.39
Change In Payables And Accrued Expense
-2.85
-211.33%
2.56
-23.65%
3.35
+2263.23%
-0.15
Change In Accrued Expense
0.36
+3.14%
0.35
-79.97%
1.75
+766.79%
-0.26
Change In Payable
-3.21
-245.29%
2.21
+37.61%
1.61
+1400.93%
0.11
Change In Account Payable
-3.21
-245.29%
2.21
+37.61%
1.61
+1400.93%
0.11
Change In Other Current Liabilities
-0.37
-19.61%
-0.31
0.00
—
Investing Cash Flow
0.00
0.00
+100.00%
-0.01
+75.68%
-0.04
Cash Flow From Continuing Investing Activities
—
0.00
+100.00%
-0.01
+75.68%
-0.04
Net PPE Purchase And Sale
—
0.00
+100.00%
-0.01
+75.86%
-0.03
Purchase Of PPE
—
0.00
+100.00%
-0.01
+75.86%
-0.03
Capital Expenditure
—
—
-0.01
+75.86%
-0.03
Net Other Investing Changes
—
—
-0.00
+75.00%
-0.01
Financing Cash Flow
27.08
+130.63%
11.74
+8.31%
10.84
+96.23%
5.52
Cash Flow From Continuing Financing Activities
27.08
+130.63%
11.74
+8.31%
10.84
+96.23%
5.52
Net Issuance Payments Of Debt
11.12
-5.27%
11.74
+43.36%
8.19
+48.26%
5.52
Issuance Of Debt
19.41
+47.95%
13.12
+44.48%
9.08
+63.60%
5.55
Repayment Of Debt
-8.29
-501.38%
-1.38
-54.83%
-0.89
-3323.08%
-0.03
Long Term Debt Issuance
2.00
-45.95%
3.70
-11.06%
4.16
-25.05%
5.55
Long Term Debt Payments
-0.07
-28.57%
-0.06
-460.00%
-0.01
+61.54%
-0.03
Net Long Term Debt Issuance
1.93
-47.09%
3.64
-12.19%
4.15
-24.87%
5.52
Short Term Debt Issuance
17.41
+84.83%
9.42
+91.44%
4.92
0.00
Short Term Debt Payments
-8.21
-521.41%
-1.32
-50.23%
-0.88
0.00
Net Short Term Debt Issuance
9.19
+13.55%
8.10
+100.42%
4.04
0.00
Net Common Stock Issuance
17.44
0.00
—
—
Net Other Financing Charges
-1.49
—
—
—
Changes In Cash
11.40
+8675.19%
-0.13
-167.51%
0.20
+103.76%
-5.24
Effect Of Exchange Rate Changes
-0.05
-233.33%
-0.01
+85.71%
-0.10
-178.36%
0.13
Beginning Cash Position
0.10
-60.66%
0.24
+60.53%
0.15
-97.11%
5.25
End Cash Position
11.45
+11828.13%
0.10
-60.66%
0.24
+60.53%
0.15
Free Cash Flow
-15.67
-31.99%
-11.87
-11.59%
-10.64
+1.03%
-10.75
Interest Paid Supplemental Data
0.26
+25800.00%
0.00
+0.00%
0.00
-50.00%
0.00
Income Tax Paid Supplemental Data
0.00
0.00
-100.00%
0.00
-50.00%
0.00
Common Stock Issuance
17.44
0.00
—
—
Issuance Of Capital Stock
17.44
0.00
-100.00%
2.65
0.00
Net Preferred Stock Issuance
—
0.00
-100.00%
2.65
0.00
Preferred Stock Issuance
—
0.00
-100.00%
2.65
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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