Pavmed Inc. income statement
In fiscal 2025, Pavmed Inc. reported revenue of $71,000, down 97.6% on the year before, operating income of −$21.8m (a -30712.7% margin) and net income of $401,000, or −$5.63 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 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 3 | 3 | 0 | 0 |
| Cost of revenue | 1 | 4 | 6 | 5 | 0 | 0 |
| Gross profit | −0 | −3 | −4 | −2 | −0 | −0 |
| Research and development | 20 | 25 | 14 | 6 | 4 | 6 |
| Selling and marketing | 9 | 19 | 18 | 12 | 1 | 1 |
| General and administrative | 25 | 41 | 31 | 25 | 16 | 19 |
| Operating income | −54 | −91 | −69 | −44 | −22 | −27 |
| Interest expense | — | 1 | 1 | 0 | 0 | 0 |
| Income before tax | −56 | −103 | −79 | 28 | −2 | −16 |
| Income tax | — | — | — | 0 | 0 | — |
| Net income | −50 | −89 | −64 | 40 | 0 | −12 |
| Diluted EPS | −$9.75 | −$15.03 | −$9.16 | $14.90 | −$5.63 | — |
| Diluted shares (average) | 5m | 6m | 7m | 2m | — | — |
| EBITDA | −54 | −89 | −66 | −43 | −22 | −27 |
| 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 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Research and development | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
| Selling and marketing | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General and administrative | 7 | 4 | 4 | 4 | 4 | 5 | 6 | 5 |
| Operating income | −12 | −5 | −5 | −5 | −5 | −7 | −8 | −7 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Income before tax | 61 | 1 | 19 | −12 | −6 | −3 | −1 | −7 |
| Income tax | — | — | 0 | 0 | — | — | 0 | 0 |
| Net income | 64 | 1 | 19 | −12 | −5 | −1 | −0 | −5 |
| Diluted EPS | $1.08 | $10.58 | $7.58 | −$5.52 | −$2.17 | −$1.38 | −$1.10 | −$0.87 |
| EBITDA | −11 | −5 | −5 | −5 | −5 | −7 | −8 | −7 |
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