Icecure Medical vs Volitionrx
Icecure Medical is the larger business, with $3.4m of revenue in fiscal 2025 against $1.7m for Volitionrx (2.0 times as much). Volitionrx grew faster (40.0% against 2.7%). Icecure Medical kept more of each dollar of sales as profit: a net margin of -445.6% against -1352.2%.
| Latest fiscal year | Icecure MedicalICCM, 2025 | VolitionrxVNRX, 2025 |
|---|---|---|
| Revenue | $3.4m | $1.7m |
| Revenue growth | 2.7% | 40.0% |
| Net income | −$15.1m | −$23.4m |
| Operating margin | -446.7% | -1258.5% |
| Net margin | -445.6% | -1352.2% |
| Return on equity | -188.8% | — |
| Free cash flow | −$14.6m | −$19.8m |
| Cash | $8.9m | $1.1m |
| Total debt | $13,000 | $8.2m |
| Debt to equity | 0.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $57.0m | $2.3m |
| Price vs our value range | — | — |
| Moat score | — | 12 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 0 sales |