Hyperfine, Inc. income statement
In fiscal 2025, Hyperfine, Inc. reported revenue of $13.6m, up 5.2% on the year before, operating income of −$37.1m (a -273.4% margin) and net income of −$35.6m, or −$0.43 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 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 7 | 11 | 13 | 14 | 17 |
| Cost of revenue | 1 | 3 | 6 | 6 | 7 | 7 | 8 |
| Gross profit | −0 | −1 | 1 | 5 | 6 | 7 | 9 |
| Research and development | 15 | 26 | 28 | 22 | 22 | 17 | 16 |
| Selling and marketing | 3 | 10 | 14 | 10 | 9 | 10 | 10 |
| General and administrative | 6 | 27 | 32 | 20 | 17 | 16 | 16 |
| Operating income | −23 | −65 | −74 | −48 | −43 | −37 | −34 |
| Income before tax | −23 | −65 | −73 | −44 | −41 | −36 | −35 |
| Income tax | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −23 | −65 | −44 | −44 | −41 | −36 | −35 |
| Diluted EPS | −$0.77 | −$0.88 | −$1.04 | −$0.62 | −$0.56 | −$0.43 | −$0.38 |
| Diluted shares (average) | 30m | 74m | 70m | 71m | 72m | 82m | 93m |
| EBITDA | −23 | −64 | −73 | −47 | −42 | −36 | −32 |
| 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 | 4 | 2 | 2 | 3 | 3 | 5 | 4 | 4 |
| Cost of revenue | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 |
| Gross profit | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 |
| Research and development | 6 | 5 | 5 | 5 | 4 | 4 | 4 | 4 |
| Selling and marketing | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| General and administrative | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Operating income | −11 | −11 | −11 | −10 | −9 | −8 | −9 | −8 |
| Interest expense | — | — | 0 | 0 | — | — | 0 | 1 |
| Income before tax | −10 | −10 | −9 | −9 | −11 | −6 | −9 | −9 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −10 | −10 | −9 | −9 | −11 | −6 | −9 | −9 |
| Diluted EPS | −$0.14 | −$0.14 | −$0.12 | −$0.12 | −$0.14 | −$0.05 | −$0.09 | −$0.09 |
| EBITDA | −11 | −11 | −11 | −9 | −9 | −7 | −8 | −8 |
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