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Itonic Holdings vs Pulse Biosciences

Itonic Holdings is the larger business, with $523,031 of revenue in fiscal 2025 against $350,000 for Pulse Biosciences (1.5 times as much). Itonic Holdings kept more of each dollar of sales as profit: a net margin of -974.7% against -20794.6%.

Latest fiscal yearItonic HoldingsITOC, 2025Pulse BiosciencesPLSE, 2025
Revenue $523,031 $350,000
Revenue growth 16.7% —
Net income −$5.1m −$72.8m
Operating margin -991.7% —
Net margin -974.7% -20794.6%
Return on equity -82.8% -74.4%
Free cash flow −$3.2m −$54.4m
Cash $1.5m $80.7m
Total debt $0 $0
Debt to equity 0.0% —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees — 116
Market value $34.6m $3.66bn
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 8 buys, 7 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.