← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

PLSE logoPulse Biosciences, Inc.(PLSE)Earnings, Financials & Key Ratios

PLSE•NASDAQ
$19.59
$1.34B mkt cap·Price updated May 7, 2026
SectorHealthcareIndustryMedical InstrumentsSub-IndustrySurgical and interventional devices
AboutPulse Biosciences, Inc. operates as a novel bioelectric medicine company. It offers CellFX System, a tunable, software-enabled, and console-based platform that delivers nano second duration pulses of electrical energy to non-thermally clear targeted cells while sparing adjacent non-cellular tissue to treat a various medical condition by using its Nano-Pulse Stimulation technology. The company was formerly known as Electroblate, Inc. and changed its name to Pulse Biosciences, Inc. in December 2015. Pulse Biosciences, Inc. was incorporated in 2014 and is headquartered in Hayward, California.Show more
  • Revenue$350K
  • EBITDA-$76M-37.7%
  • Net Income-$73M-35.8%
  • EPS (Diluted)-1.08-17.4%
  • Gross Margin-360%
  • EBITDA Margin-21676.57%
  • Operating Margin-21982.57%
  • Net Margin-20794.57%
  • ROE-74.45%-10.6%
  • ROIC-876.1%-54.3%
  • Debt/Equity0.09+20.5%
Technical→

PLSE Key Insights

Pulse Biosciences, Inc. (PLSE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 15.4% in last year
  • ✗Expensive at 16.4x book value
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PLSE Price & Volume

Pulse Biosciences, Inc. (PLSE) stock price & volume — 10-year historical chart

Loading chart...

PLSE Growth Metrics

Pulse Biosciences, Inc. (PLSE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-20.63%
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-35.82%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-17.39%

Return on Capital

10 Years-88.26%
5 Years-92.97%
3 Years-69.17%
Last Year-73.07%

PLSE Recent Earnings

Pulse Biosciences, Inc. (PLSE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (91%)●Beat Revenue 2/12 qtrs (67%)
Q2 2026Latest
May 4, 2026
EPS
$0.27
Est $0.32
+15.6%
Revenue
$400,000
Est $250,000
+60.0%
Q1 2026
Feb 19, 2026
EPS
$0.26
Est $0.27
+1.9%
Revenue
$264,000
Est $150,000
+76.0%
Q4 2025
Nov 5, 2025
EPS
$0.29
Est $0.31
+6.5%
Revenue
$86,000
Est $225,000
-61.8%
Q3 2025
Aug 12, 2025
EPS
$0.28
Est $0.26
-7.7%
Revenue
—
Est $500,000
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$0.27vs $0.32+15.6%
$400,000vs $250,000+60.0%
Q1 2026Feb 19, 2026
$0.26vs $0.27+1.9%
$264,000vs $150,000+76.0%
Q4 2025Nov 5, 2025
$0.29vs $0.31+6.5%
$86,000vs $225,000-61.8%
Q3 2025Aug 12, 2025
$0.28vs $0.26-7.7%
—vs $500,000
Based on last 12 quarters of dataView full earnings history →

PLSE Peer Comparison

Pulse Biosciences, Inc. (PLSE) competitors in Surgical and interventional devices — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
INVA logoINVAInnoviva, Inc.Direct Competitor1.93B22.806.9118.52%118.91%46.47%0.23
NVCR logoNVCRNovoCure LimitedDirect Competitor1.92B16.83-13.808.28%-25.66%-50.82%0.85
ATEC logoATECAlphatec Holdings, Inc.Direct Competitor1.17B7.75-8.0724.95%-21.07%-443.09%17.21
ANAB logoANABAnaptysBio, Inc.Product Competitor2.89B66.96-145.57157.01%-5.64%-24.49%0.38
INMD logoINMDInMode Ltd.Product Competitor881.95M13.929.73-6.16%23.27%13.28%0.02
MDT logoMDTMedtronic plcSupply Chain99.94B77.9621.603.62%13%9.45%0.59
BSX logoBSXBoston Scientific CorporationSupply Chain84.08B56.5829.1619.87%14.4%12.4%0.51
ABT logoABTAbbott LaboratoriesSupply Chain151.3B87.0111.394.59%31.88%27.26%0.32

Compare PLSE vs Peers

Pulse Biosciences, Inc. (PLSE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs INVA

Most directly comparable listed peer for PLSE.

Scale Benchmark

vs ISRG

Larger-name benchmark to compare PLSE against a more recognizable public peer.

Peer Set

Compare Top 5

vs INVA, NVCR, ATEC, ANAB

PLSE Income Statement

Pulse Biosciences, Inc. (PLSE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue00001.42M700K00350K
Revenue Growth %------50.63%-100%--
Cost of Goods Sold665K665K666K1.09M1.97M11.94M1.21M01.61M
COGS % of Revenue----138.79%1706.29%--460%
Gross Profit
-665K▲ 0%
-665K▲ 0.0%
-666K▼ 0.2%
-1.09M▼ 64.4%
-550K▲ 49.8%
-11.24M▼ 1944.4%
-1.21M▲ 89.3%
0▲ 100.0%
-1.26M▲ 0%
Gross Margin %-----38.79%-1606.29%---360%
Gross Profit Growth %0%0%-0.15%-64.41%49.77%-1944.36%89.27%100%-
Operating Expenses25.81M37.96M47.95M48.87M62.46M46.81M42.37M56.26M75.68M
OpEx % of Revenue----4405.08%6687.57%--21622.57%
Selling, General & Admin15.5M20.05M22.33M22.86M33.82M25.97M15.78M23.92M32.03M
SG&A % of Revenue----2385.33%3710.57%--9151.14%
Research & Development9.65M17.25M24.96M26.44M28.64M20.84M27.8M32.34M44.72M
R&D % of Revenue----2019.75%2977%--12777.43%
Other Operating Expenses665K-28K666K-430K00-1.21M0-1.07M
Operating Income
-25.81M▲ 0%
-37.96M▼ 47.1%
-47.95M▼ 26.3%
-49.97M▼ 4.2%
-63.01M▼ 26.1%
-58.06M▲ 7.9%
-43.57M▲ 24.9%
-56.26M▼ 29.1%
-76.94M▼ 36.8%
Operating Margin %-----4443.86%-8293.86%---21982.57%
Operating Income Growth %-169.29%-47.06%-26.32%-4.19%-26.12%7.87%24.95%-29.11%-36.76%
EBITDA-24.81M-36.65M-46.79M-48.87M-61.87M-56.7M-42.37M-55.08M-75.87M
EBITDA Margin %-----4363.05%-8100.29%---21676.57%
EBITDA Growth %-181.1%-47.72%-27.67%-4.44%-26.6%8.35%25.28%-30%-37.74%
D&A (Non-Cash Add-back)1M1.31M1.16M1.09M1.15M1.35M1.21M1.18M1.07M
EBIT-25.57M-37.55M-47.95M-49.85M-63.01M-58.06M-43.57M-56.26M-72.78M
Net Interest Income00983K114K001.36M2.67M4.21M
Interest Income247K446K983K114K002.46M2.67M4.21M
Interest Expense0000001.1M00
Other Income/Expense247K418K983K114K-646K-448K1.36M2.67M4.16M
Pretax Income
-25.57M▲ 0%
-37.55M▼ 46.8%
-46.97M▼ 25.1%
-49.85M▼ 6.1%
-63.66M▼ 27.7%
-58.51M▲ 8.1%
-42.21M▲ 27.9%
-53.59M▼ 26.9%
-72.78M▼ 35.8%
Pretax Margin %-----4489.42%-8357.86%---20794.57%
Income Tax0-28K0000000
Effective Tax Rate %0%0.07%0%0%0%0%0%0%0%
Net Income
-25.57M▲ 0%
-37.55M▼ 46.8%
-45.99M▼ 22.5%
-49.74M▼ 8.2%
-63.66M▼ 28.0%
-58.51M▲ 8.1%
-42.21M▲ 27.9%
-53.59M▼ 26.9%
-72.78M▼ 35.8%
Net Margin %-----4489.42%-8357.86%---20794.57%
Net Income Growth %-168.62%-46.85%-22.49%-8.15%-27.99%8.1%27.85%-26.95%-35.82%
Net Income (Continuing)-25.57M-37.55M-46.97M-49.85M-63.66M-58.51M-42.21M-53.59M-72.78M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-1.73▲ 0%
-2.20▼ 27.2%
-2.22▼ 0.9%
-2.14▲ 3.6%
-2.28▼ 6.5%
-1.72▲ 24.6%
-0.88▲ 48.8%
-0.92▼ 4.5%
-1.08▼ 17.4%
EPS Growth %-101.16%-27.17%-0.91%3.6%-6.54%24.56%48.84%-4.55%-17.39%
EPS (Basic)-1.73-2.20-2.22-2.14-2.28-1.72-0.88-0.92-1.08
Diluted Shares Outstanding14.75M17.08M20.75M23.25M27.96M33.94M48.04M58.4M67.4M
Basic Shares Outstanding14.75M17.08M20.75M23.25M27.96M33.94M48.04M58.4M67.4M
Dividend Payout Ratio---------

PLSE Balance Sheet

Pulse Biosciences, Inc. (PLSE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets38.48M60.36M26.4M22.34M36.63M62.15M45.33M119.45M83.42M
Cash & Short-Term Investments38.07M59.58M25.4M20.48M28.61M61.14M44.37M118.04M80.73M
Cash Only3.39M51.1M6.9M12.46M28.61M61.14M44.37M118.04M80.73M
Short-Term Investments34.68M8.48M18.5M8.01M00000
Accounts Receivable000061K000274K
Days Sales Outstanding----15.7---285.74
Inventory00005.82M000136K
Days Inventory Outstanding----1.08K---30.83
Other Current Assets000001.01M963K1.41M2.28M
Total Non-Current Assets11.34M10.28M15.51M18.95M17.62M15.73M13.83M13.01M12.69M
Property, Plant & Equipment2.57M2.17M7.68M11.92M11.25M10.02M8.78M8.32M7.06M
Fixed Asset Turnover----0.13x0.07x--0.05x
Goodwill2.79M2.79M2.79M2.79M2.79M2.79M2.79M2.79M2.79M
Intangible Assets5.88M5.21M4.55M3.88M3.22M2.55M1.89M1.22M575K
Long-Term Investments0000-3.25M-2.73M1.89M00
Other Non-Current Assets101K101K494K365K365K365K-1.52M677K691K
Total Assets
49.82M▲ 0%
70.64M▲ 41.8%
41.91M▼ 40.7%
41.29M▼ 1.5%
54.25M▲ 31.4%
77.88M▲ 43.6%
59.15M▼ 24.0%
132.46M▲ 123.9%
96.11M▼ 27.4%
Asset Turnover----0.03x0.01x--0.00x
Asset Growth %89.33%41.79%-40.66%-1.48%31.38%43.55%-24.04%123.92%-27.44%
Total Current Liabilities2.21M3.11M4.46M7.58M8.52M5.98M6.71M10.05M7.92M
Accounts Payable782K1.27M1.96M1.72M2.9M1.57M1.84M1.67M2.78M
Days Payables Outstanding429.22698.171.08K572.33538.648.07555.21-629.57
Short-Term Debt0000436K917K001.57M
Deferred Revenue (Current)000016K0000
Other Current Liabilities397K415K234K3.32M1.46M50K3.2M1.2M1.6M
Current Ratio17.39x19.42x5.92x2.95x4.30x10.39x6.76x11.88x10.53x
Quick Ratio17.39x19.42x5.92x2.95x3.62x10.39x6.76x11.88x10.51x
Cash Conversion Cycle----557.27----312.99
Total Non-Current Liabilities1.61M1.2M6.72M10.81M10.04M74.14M8.09M7.54M7.54M
Long-Term Debt0000065M000
Capital Lease Obligations006.72M10.81M10.04M9.14M8.09M7.54M5.96M
Deferred Tax Liabilities000000001.57M
Other Non-Current Liabilities1.61M1.2M0000000
Total Liabilities3.83M4.31M11.18M18.4M18.56M80.13M14.79M17.6M15.46M
Total Debt006.72M11.36M11.25M75.96M9.14M8.9M7.53M
Net Debt-3.39M-51.1M-180K-1.11M-17.36M14.82M-35.22M-109.14M-73.2M
Debt / Equity--0.22x0.50x0.32x-0.21x0.08x0.09x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage-------39.61x--
Total Equity
45.99M▲ 0%
66.33M▲ 44.2%
30.74M▼ 53.7%
22.89M▼ 25.5%
35.69M▲ 55.9%
-2.25M▼ 106.3%
44.36M▲ 2073.3%
114.86M▲ 158.9%
80.66M▼ 29.8%
Equity Growth %81.81%44.22%-53.66%-25.52%55.89%-106.3%2073.31%158.93%-29.78%
Book Value per Share3.123.881.480.981.28-0.070.921.971.20
Total Shareholders' Equity45.99M66.33M30.74M22.89M35.69M-2.25M44.36M114.86M80.66M
Common Stock84.22M142.05M21K25K29K37K55K66K68K
Retained Earnings-38.17M-75.72M-122.69M-172.54M-236.2M-294.7M-336.92M-390.5M-463.28M
Treasury Stock000000000
Accumulated OCI-51K-1K4K-1K00000
Minority Interest000000000

PLSE Cash Flow Statement

Pulse Biosciences, Inc. (PLSE) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-11.09M-23.9M-34.19M-35.37M-54.1M-47.01M-33.04M-36.34M-54.12M
Operating CF Margin %-----3815.02%-6716.14%---15463.43%
Operating CF Growth %-37.71%-115.53%-43.06%-3.45%-52.97%13.1%29.72%-9.99%-48.92%
Net Income-25.57M-37.55M-46.97M-49.85M-63.66M-58.51M-42.21M-53.59M-72.78M
Depreciation & Amortization1M1.31M1.16M1.09M1.15M1.35M1.21M1.18M1.07M
Stock-Based Compensation10.93M12.34M11.29M10.07M14.6M5.19M7.18M13.59M21.46M
Deferred Taxes26K28K0000000
Other Non-Cash Items2.12M-112K-521K116K13K8.66M13K6K1.15M
Working Capital Changes408K113K860K3.2M-6.2M-3.72M768K2.47M-5.02M
Change in Receivables0000-61K20K109K48K-274K
Change in Inventory0000-5.82M-2.65M00-136K
Change in Payables517K490K646K-266K1.16M-1.3M263K-201K1.13M
Cash from Investing-23M26.12M-10.1M10.04M7.56M-401K-121K-125K-335K
Capital Expenditures-2.55M-276K-608K-441K-437K-401K-121K-125K-315K
CapEx % of Revenue----30.82%57.29%--90%
Acquisitions000-10.48M00000
Investments---------
Other Investing-20.45M26.39M010.48M0000-20K
Cash from Financing35.38M45.5M82K30.89M62.69M79.94M16.39M110.14M17.15M
Debt Issued (Net)0000407K65M000
Equity Issued (Net)34.84M44.79M695K29.43M-232K14.86M16.39M59.65M17.15M
Dividends Paid000000000
Share Repurchases000000000
Other Financing539K710K-613K1.45M62.51M75K-6K50.49M0
Net Change in Cash
1.3M▲ 0%
47.72M▲ 3579.0%
-44.2M▼ 192.6%
5.56M▲ 112.6%
16.15M▲ 190.3%
32.52M▲ 101.4%
-16.77M▼ 151.6%
73.67M▲ 539.2%
-37.3M▼ 150.6%
Free Cash Flow
-13.64M▲ 0%
-24.17M▼ 77.2%
-34.79M▼ 43.9%
-35.81M▼ 2.9%
-54.53M▼ 52.3%
-47.41M▲ 13.1%
-33.16M▲ 30.1%
-36.47M▼ 10.0%
-54.44M▼ 49.3%
FCF Margin %-----3845.84%-6773.43%---15553.43%
FCF Growth %-68.06%-77.24%-43.94%-2.91%-52.3%13.06%30.06%-9.97%-49.27%
FCF per Share-0.92-1.42-1.68-1.54-1.95-1.40-0.69-0.62-0.81
FCF Conversion (FCF/Net Income)0.43x0.64x0.74x0.71x0.85x0.80x0.78x0.68x0.74x
Interest Paid000000000
Taxes Paid000000000

PLSE Key Ratios

Pulse Biosciences, Inc. (PLSE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-48.86%-71.72%-66.85%-94.75%-185.48%-217.33%-349.89%-200.47%-67.31%-74.45%
Return on Invested Capital (ROIC)-43.22%-58.83%-98.45%-157.1%-143.18%-235.64%-281.87%-301.08%-567.83%-876.1%
Gross Margin------38.79%-1606.29%---360%
Net Margin------4489.42%-8357.86%---20794.57%
Debt / Equity---0.22x0.50x0.32x-0.21x0.08x0.09x
Interest Coverage--------39.61x--
FCF Conversion0.85x0.43x0.64x0.74x0.71x0.85x0.80x0.78x0.68x0.74x
Revenue Growth-------50.63%-100%--

PLSE SEC Filings & Documents

Pulse Biosciences, Inc. (PLSE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

Apr 27, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Mar 31, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 12, 2025·SEC

FY 2025

May 8, 2025·SEC

PLSE Frequently Asked Questions

Pulse Biosciences, Inc. (PLSE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Pulse Biosciences, Inc. (PLSE) reported $0.3M in revenue for fiscal year 2025.

Pulse Biosciences, Inc. (PLSE) grew revenue by 0.0% over the past year. Growth has been modest.

Pulse Biosciences, Inc. (PLSE) reported a net loss of $72.8M for fiscal year 2025.

Dividend & Returns

Pulse Biosciences, Inc. (PLSE) has a return on equity (ROE) of -74.4%. Negative ROE indicates the company is unprofitable.

Pulse Biosciences, Inc. (PLSE) had negative free cash flow of $54.4M in fiscal year 2025, likely due to heavy capital investments.

Explore More PLSE

Pulse Biosciences, Inc. (PLSE) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.