Atricure, Inc. income statement
In fiscal 2025, Atricure, Inc. reported revenue of $535m, up 14.9% on the year before, operating income of −$9.4m (a -1.8% margin) and net income of −$11.4m, or −$0.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 59 | 64 | 70 | 82 | 107 | 130 | 155 | 175 | 202 | 231 | 207 | 274 | 330 | 399 | 465 | 535 | 570 |
| Cost of revenue | 13 | 14 | 17 | 20 | 22 | 32 | 37 | 44 | 49 | 55 | 60 | 57 | 68 | 84 | 99 | 118 | 134 | 135 |
| Gross profit | 42 | 45 | 47 | 50 | 60 | 76 | 93 | 111 | 126 | 147 | 170 | 149 | 206 | 246 | 300 | 348 | 401 | 435 |
| Research and development | 11 | 12 | 12 | 12 | 13 | 19 | 26 | 36 | 34 | 35 | 41 | 43 | 49 | 57 | 74 | 96 | 99 | 98 |
| Selling, general and administrative | 35 | 37 | 40 | 45 | 57 | 74 | 94 | 106 | 117 | 130 | 167 | 151 | 205 | 231 | 253 | 291 | 311 | 324 |
| Operating income | −16 | −3 | −5 | −7 | −11 | −16 | −27 | −31 | −25 | −17 | −33 | −44 | 55 | −43 | −27 | −40 | −9 | 13 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 2 | 5 | 4 | 5 | 5 | 5 | 7 | 6 | 6 | 6 |
| Net interest income | — | — | — | — | — | — | — | — | — | 3 | — | — | — | — | — | — | — | — |
| Income before tax | −17 | −4 | −5 | −7 | −11 | −16 | −27 | −33 | −27 | −21 | −35 | −48 | 50 | −46 | −30 | −44 | −10 | 12 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Net income | −16 | −4 | −5 | −8 | −11 | −16 | −27 | −33 | −27 | −21 | −35 | −48 | 50 | −46 | −30 | −45 | −11 | 11 |
| Diluted EPS | −$1.13 | −$0.25 | −$0.35 | −$0.47 | −$0.56 | −$0.61 | −$0.97 | −$1.05 | −$0.83 | −$0.62 | −$0.94 | −$1.14 | $1.09 | −$1.02 | −$0.66 | −$0.95 | −$0.24 | $0.22 |
| Diluted shares (average) | — | 15m | 16m | 16m | 20m | 26m | 28m | 32m | 32m | 34m | 38m | 42m | 46m | 46m | 46m | 47m | 48m | 48m |
| EBITDA | −13 | −1 | −3 | −5 | −9 | −13 | −22 | −23 | −17 | −10 | −26 | −36 | 63 | −35 | −17 | −29 | 3 | 25 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 124 | 124 | 136 | 134 | 141 | 141 | 154 |
| Cost of revenue | 29 | 32 | 31 | 35 | 33 | 35 | 32 | 35 |
| Gross profit | 87 | 93 | 93 | 101 | 101 | 105 | 109 | 119 |
| Research and development | 21 | 35 | 23 | 29 | 23 | 25 | 24 | 26 |
| Selling, general and administrative | 73 | 72 | 76 | 78 | 78 | 78 | 85 | 83 |
| Operating income | −7 | −15 | −6 | −6 | 0 | 2 | 1 | 10 |
| Interest expense | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Income before tax | −8 | −15 | −7 | −6 | −0 | 2 | 0 | 9 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Net income | −8 | −16 | −7 | −6 | −0 | 2 | 0 | 9 |
| Diluted EPS | −$0.17 | −$0.33 | −$0.14 | −$0.13 | −$0.01 | $0.04 | $0.00 | $0.18 |
| EBITDA | −4 | −12 | −3 | −3 | 3 | 5 | 3 | 13 |
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