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APYX logoApyx Medical Corporation(APYX)Earnings, Financials & Key Ratios

APYX•NASDAQ
$2.92
$122M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryMedical DevicesSub-IndustryAesthetics, dermatology, and wound care
AboutApyx Medical Corporation, an energy technology company, develops, manufactures, and sells medical devices in the cosmetic and surgical markets worldwide. The company operates in two segments, Advanced Energy and Original Equipment Manufacturing (OEM). It offers Helium Plasma Generator for delivery of RF energy and helium to cut, coagulate and ablate soft tissue during open and laparoscopic surgical procedures. The company offers Renuvion branded products for the cosmetic surgery market that enable plastic surgeons, fascial plastic surgeons, and cosmetic physicians to provide controlled heat to the tissue to achieve their desired results; and J-Plasma branded products for the hospital surgical market. It also develops, manufactures, and sells disposable hand pieces, and OEM generators and accessories. The company was formerly known as Bovie Medical Corporation and changed its name to Apyx Medical Corporation in January 2019. Apyx Medical Corporation was incorporated in 1982 and is based in Clearwater, Florida.Show more
  • Revenue$53M+9.9%
  • EBITDA-$6M+68.3%
  • Net Income-$11M+52.2%
  • EPS (Diluted)-0.27+59.1%
  • Gross Margin36.02%-41.0%
  • EBITDA Margin-10.96%+71.1%
  • Operating Margin-12.2%+68.9%
  • Net Margin-21.22%+56.5%
  • ROE-76.88%+32.4%
  • ROIC-22.08%+66.3%
  • Debt/Equity2.65-1.9%
  • Interest Coverage-1.15+60.8%
Technical→

APYX Key Insights

Apyx Medical Corporation (APYX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 13.8%

✗Weaknesses

  • ✗High debt to equity ratio of 2.7x
  • ✗Negative free cash flow
  • ✗Shares diluted 18.6% in last year
  • ✗Trading more than 30% below 52-week high

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

APYX Price & Volume

Apyx Medical Corporation (APYX) stock price & volume — 10-year historical chart

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APYX Growth Metrics

Apyx Medical Corporation (APYX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6%
5 Years13.78%
3 Years5.89%
TTM9.86%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM52.22%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM56.33%

Return on Capital

10 Years-26.07%
5 Years-29.77%
3 Years-25.16%
Last Year-11.8%

APYX Recent Earnings

Apyx Medical Corporation (APYX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Mar 10, 2026
EPS
$0.03
Est $0.06
+50.0%
Revenue
$19M
Est $19M
+3.4%
Q4 2025
Nov 6, 2025
EPS
$0.05
Est $0.06
+16.7%
Revenue
$13M
Est $18M
-28.9%
Q3 2025
Aug 7, 2025
EPS
$0.09
Est $0.09
+3.6%
Revenue
$11M
Est $12M
-2.8%
Q2 2025
May 8, 2025
EPS
$0.10
Est $0.12
+16.7%
Revenue
$9M
Est $9M
+1.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 10, 2026
$0.03vs $0.06+50.0%
$19Mvs $19M+3.4%
Q4 2025Nov 6, 2025
$0.05vs $0.06+16.7%
$13Mvs $18M-28.9%
Q3 2025Aug 7, 2025
$0.09vs $0.09+3.6%
$11Mvs $12M-2.8%
Q2 2025May 8, 2025
$0.10vs $0.12+16.7%
$9Mvs $9M+1.0%
Based on last 12 quarters of dataView full earnings history →

APYX Peer Comparison

Apyx Medical Corporation (APYX) competitors in Aesthetics, dermatology, and wound care — 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
SSKN logoSSKNSTRATA Skin Sciences, Inc.Direct Competitor5.14M0.14-0.520.61%-35.64%-8.4%3.31
ARAY logoARAYAccuray IncorporatedDirect Competitor58.45M0.49-31.752.68%-10.76%-77.48%2.17
INVA logoINVAInnoviva, Inc.Product Competitor1.91B22.526.8218.52%118.91%46.47%0.23
AEYE logoAEYEAudioEye, Inc.Product Competitor95.09M7.66-30.6414.52%-7.63%-47.8%0.15
INMD logoINMDInMode Ltd.Product Competitor861.05M13.599.50-6.16%25.33%14.52%0.02
LNTH logoLNTHLantheus Holdings, Inc.Product Competitor5.61B86.1525.260.5%15.15%20.58%0.00
MDT logoMDTMedtronic plcSupply Chain99.48B77.6021.503.62%13%9.45%0.59
SYK logoSYKStryker CorporationSupply Chain111.96B292.3334.8011.16%12.92%15.04%0.66

Compare APYX vs Peers

Apyx Medical Corporation (APYX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SSKN

Most directly comparable listed peer for APYX.

Scale Benchmark

vs ISRG

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

Peer Set

Compare Top 5

vs SSKN, ARAY, INVA, AEYE

APYX Income Statement

Apyx Medical Corporation (APYX) 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/Revenue38.88M16.69M28.23M27.71M48.52M44.51M52.35M48.1M52.84M
Revenue Growth %6.16%-57.09%69.21%-1.86%75.08%-8.26%17.61%-8.11%9.86%
Cost of Goods Sold19.12M5.89M9.14M10.21M14.92M15.38M18.59M18.74M33.81M
COGS % of Revenue49.18%35.32%32.37%36.83%30.74%34.55%35.51%38.96%63.98%
Gross Profit
19.76M▲ 0%
10.79M▼ 45.4%
19.09M▲ 76.9%
17.5M▼ 8.3%
33.6M▲ 92.0%
29.13M▼ 13.3%
33.76M▲ 15.9%
29.36M▼ 13.0%
19.03M▼ 35.2%
Gross Margin %50.82%64.68%67.63%63.17%69.26%65.45%64.49%61.04%36.02%
Gross Profit Growth %10.3%-45.38%76.91%-8.33%91.96%-13.3%15.89%-13.03%-35.17%
Operating Expenses23.5M23.65M39.96M37.59M48.05M52.69M51.02M48.2M25.48M
OpEx % of Revenue60.44%141.75%141.54%135.64%99.04%118.38%97.46%100.21%48.22%
Selling, General & Admin21.05M21.18M36.23M33.67M43.73M48.15M48.87M43.13M36.12M
SG&A % of Revenue54.13%126.95%128.32%121.49%90.13%108.18%93.35%89.65%68.35%
Research & Development2.46M2.47M3.73M3.92M4.32M4.54M4.84M5.08M3.37M
R&D % of Revenue6.31%14.8%13.21%14.15%8.91%10.21%9.25%10.56%6.38%
Other Operating Expenses0-203K0000-2.69M0-14.01M
Operating Income
-5.26M▲ 0%
-13.6M▼ 158.3%
-20.87M▼ 53.4%
-20.08M▲ 3.8%
-14.45M▲ 28.1%
-23.56M▼ 63.1%
-17.26M▲ 26.8%
-18.84M▼ 9.2%
-6.45M▲ 65.8%
Operating Margin %-13.54%-81.51%-73.91%-72.47%-29.78%-52.94%-32.97%-39.18%-12.2%
Operating Income Growth %-38.84%-158.31%-53.45%3.77%28.06%-63.08%26.75%-9.19%65.79%
EBITDA-4.57M-12.93M-20.11M-19.2M-13.54M-22.67M-16.57M-18.25M-5.79M
EBITDA Margin %-11.75%-77.5%-71.24%-69.27%-27.92%-50.94%-31.65%-37.93%-10.96%
EBITDA Growth %-49.41%-183.02%-55.56%4.57%29.44%-67.38%26.93%-10.13%68.26%
D&A (Non-Cash Add-back)696K669K754K887K903K890K692K599K655K
EBIT-13.7M-14.59M-19.83M-19.36M-14.81M-22.9M-18.8M-17.4M-6.45M
Net Interest Income-136K512K1.38M195K1K142K-1.56M-4.3M-4.48M
Interest Income0616K1.39M241K11K157K921K1.61M1.11M
Interest Expense136K104K8K46K10K15K2.48M5.91M5.59M
Other Income/Expense-8.57M-1.09M1.03M674K-372K651K-4.02M-4.46M-4.39M
Pretax Income
-5.22M▲ 0%
-13.27M▼ 154.3%
-19.84M▼ 49.5%
-19.41M▲ 2.2%
-14.82M▲ 23.6%
-22.91M▼ 54.6%
-21.28M▲ 7.1%
-23.31M▼ 9.5%
-10.84M▲ 53.5%
Pretax Margin %-13.42%-79.53%-70.25%-70.04%-30.55%-51.47%-40.65%-48.45%-20.5%
Income Tax-156K-3.78M-130K-7.5M380K367K-2.43M252K270K
Effective Tax Rate %2.99%28.46%0.66%38.66%-2.56%-1.6%11.43%-1.08%-2.49%
Net Income
-5.06M▲ 0%
64.01M▲ 1364.5%
-19.71M▼ 130.8%
-11.9M▲ 39.6%
-15.17M▼ 27.5%
-23.18M▼ 52.8%
-18.71M▲ 19.3%
-23.46M▼ 25.4%
-11.21M▲ 52.2%
Net Margin %-13.02%383.61%-69.79%-42.93%-31.27%-52.09%-35.75%-48.78%-21.22%
Net Income Growth %-28.15%1364.5%-130.79%39.63%-27.54%-52.81%19.28%-25.38%52.22%
Net Income (Continuing)-13.68M-10.78M-19.71M-11.91M-15.2M-23.28M-18.85M-23.56M-11.11M
Discontinued Operations000000000
Minority Interest000138K305K211K221K125K291K
EPS (Diluted)
-0.16▲ 0%
1.86▲ 1262.5%
-0.58▼ 131.2%
-0.35▲ 39.7%
-0.44▼ 25.7%
-0.67▼ 52.3%
-0.54▲ 19.4%
-0.66▼ 22.2%
-0.27▲ 59.1%
EPS Growth %-14.29%1262.5%-131.18%39.66%-25.71%-52.27%19.4%-22.22%59.09%
EPS (Basic)-0.161.93-0.58-0.35-0.44-0.67-0.54-0.66-0.27
Diluted Shares Outstanding31.43M34.37M34.07M34.21M34.33M34.52M34.62M35.54M42.16M
Basic Shares Outstanding31.42M33.19M34.07M34.21M34.33M34.52M34.62M35.54M42.16M
Dividend Payout Ratio---------

APYX Balance Sheet

Apyx Medical Corporation (APYX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets22.55M89.52M76.66M66.09M60.74M42.97M70.36M56.44M58.47M
Cash & Short-Term Investments9.95M78.14M58.81M41.91M30.87M10.19M43.65M31.74M31.74M
Cash Only9.95M16.47M58.81M41.91M30.87M10.19M43.65M31.74M31.74M
Short-Term Investments061.68M0000000
Accounts Receivable4.86M5.08M9.22M17.33M21.16M18.25M14.02M15.48M16.78M
Days Sales Outstanding45.59111.12119.19228.24159.21149.6297.77117.46115.87
Inventory6.53M5.21M5.05M4.05M6.78M11.8M9.92M7.56M8.6M
Days Inventory Outstanding124.57322.82201.65144.86165.86279.99194.83147.3192.86
Other Current Assets3.03M130K375K002.74M2.76M1.66M1.35M
Total Non-Current Assets8.44M6.09M8.01M8.02M7.98M8.8M8.88M8.4M8.37M
Property, Plant & Equipment6.41M5.79M7.62M7.21M6.87M7.59M7.15M6.74M6.62M
Fixed Asset Turnover6.07x2.88x3.70x3.84x7.06x5.87x7.33x7.14x7.99x
Goodwill185K185K0000000
Intangible Assets1.69M6K0000000
Long-Term Investments-187K-150K0000000
Other Non-Current Assets159K114K391K807K1.11M1.22M1.73M1.66M1.75M
Total Assets
30.99M▲ 0%
95.61M▲ 208.5%
84.68M▼ 11.4%
74.11M▼ 12.5%
68.72M▼ 7.3%
51.77M▼ 24.7%
79.24M▲ 53.0%
64.84M▼ 18.2%
66.84M▲ 3.1%
Asset Turnover1.25x0.17x0.33x0.37x0.71x0.86x0.66x0.74x0.79x
Asset Growth %-11.74%208.54%-11.44%-12.48%-7.27%-24.66%53.05%-18.17%3.08%
Total Current Liabilities5.97M7.7M12.24M9.15M13.21M11.85M12.74M10.72M11.7M
Accounts Payable1.58M1.42M2.44M1.51M2.63M2.67M2.71M2.62M3.06M
Days Payables Outstanding30.2288.1497.3554.0364.3863.3553.2550.9333.01
Short-Term Debt239K0140K00000428K
Deferred Revenue (Current)007.91M0533K853K488K693K0
Other Current Liabilities2.38M3.8M-2.5M811K2.12M01.54M08.21M
Current Ratio3.77x11.62x6.26x7.22x4.60x3.63x5.52x5.26x5.00x
Quick Ratio2.68x10.95x5.85x6.78x4.09x2.63x4.74x4.56x4.26x
Cash Conversion Cycle139.95345.81223.49319.07260.69366.27239.36213.84175.72
Total Non-Current Liabilities2.98M140K1.18M1.1M1.51M2.13M39.58M39.79M40.31M
Long-Term Debt2.6M140K000033.19M33.89M34.85M
Capital Lease Obligations00656K312K18K543K4.95M4.52M4.06M
Deferred Tax Liabilities368K150K0000000
Other Non-Current Liabilities20K0519K166K166K181K198K259K347K
Total Liabilities8.96M7.84M13.42M10.25M14.71M13.98M52.32M50.51M52.01M
Total Debt2.83M140K1.13M676K305K796K38.5M38.76M39.34M
Net Debt-7.12M-16.33M-57.68M-41.24M-30.57M-9.4M-5.15M7.02M7.6M
Debt / Equity0.13x0.00x0.02x0.01x0.01x0.02x1.43x2.70x2.65x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage-100.75x-140.26x-2478.50x-420.93x-1481.00x-1526.40x-7.59x-2.95x-1.15x
Total Equity
22.03M▲ 0%
87.77M▲ 298.4%
71.26M▼ 18.8%
63.86M▼ 10.4%
54.01M▼ 15.4%
37.79M▼ 30.0%
26.92M▼ 28.8%
14.34M▼ 46.8%
14.83M▲ 3.5%
Equity Growth %-15.98%298.37%-18.81%-10.38%-15.42%-30.02%-28.76%-46.75%3.46%
Book Value per Share0.702.552.091.871.571.090.780.400.35
Total Shareholders' Equity22.03M87.77M71.26M63.72M53.7M37.58M26.7M14.21M14.54M
Common Stock33K34K34K34K34K35K35K38K42K
Retained Earnings-28.5M35.51M14.52M2.62M-12.55M-35.73M-54.45M-77.91M-89.12M
Treasury Stock000000000
Accumulated OCI-6.71M-6.36M0000000
Minority Interest000138K305K211K221K125K291K

APYX Cash Flow Statement

Apyx Medical Corporation (APYX) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-3.7M-21.01M-18.48M-16.07M-10.45M-20.28M-5.25M-18.05M-8M
Operating CF Margin %-9.53%-125.92%-65.43%-57.98%-21.54%-45.56%-10.03%-37.52%-15.14%
Operating CF Growth %-30.56%-467.25%12.07%13.04%34.96%-94.09%74.12%-243.82%55.67%
Net Income-5.06M64.01M-19.71M-11.91M-15.2M-23.28M-18.85M-23.56M-11.11M
Depreciation & Amortization696K669K754K887K903K890K692K599K655K
Stock-Based Compensation871K1.52M3.58M4.21M5.09M6.7M5.11M4.01M2M
Deferred Taxes-196K-368K0000000
Other Non-Cash Items503K-68.45M215K996K603K628K2.25M2.15M2.04M
Working Capital Changes-516K-18.4M-3.32M-10.25M-1.84M-5.22M5.54M-1.25M-1.59M
Change in Receivables-303K-382K-3.79M-558K-4.9M1.92M3.97M-2.04M-1.32M
Change in Inventory-870K-881K-2.37M615K-2.86M-5.57M1.46M2.26M-1.07M
Change in Payables-23K-224K1.05M-965K1.15M67K25K-63K355K
Cash from Investing-624K29.3M60.54M-581K-723K-1.01M6.73M-722K-1.11M
Capital Expenditures-624K-363K-1.3M-581K-723K-1.01M-533K-722K-1.11M
CapEx % of Revenue1.6%2.18%4.61%2.1%1.49%2.27%1.02%1.5%2.11%
Acquisitions091.09M00195K07.41M00
Investments---------
Other Investing029.66M00-195K0-147K00
Cash from Financing-179K-2.49M147K-73K24K217K32.17M6.75M9.58M
Debt Issued (Net)-239K-2.69M-60K-369K-238K-148K35.04M-20K-20K
Equity Issued (Net)000148K67K365K2.72M7M9.54M
Dividends Paid000000000
Share Repurchases000000000
Other Financing60K202K207K148K195K0-5.59M-235K60K
Net Change in Cash
-4.51M▲ 0%
5.8M▲ 228.6%
42.22M▲ 628.1%
-16.9M▼ 140.0%
-11.04M▲ 34.6%
-20.68M▼ 87.2%
33.46M▲ 261.8%
-11.91M▼ 135.6%
-1K▲ 100.0%
Free Cash Flow
-4.33M▲ 0%
-21.37M▼ 393.9%
-19.78M▲ 7.5%
-16.65M▲ 15.8%
-11.17M▲ 32.9%
-21.29M▼ 90.6%
-5.78M▲ 72.8%
-18.77M▼ 224.6%
-9.12M▲ 51.4%
FCF Margin %-11.13%-128.1%-70.04%-60.07%-23.03%-47.83%-11.05%-39.02%-17.25%
FCF Growth %-38.58%-393.85%7.48%15.82%32.89%-90.57%72.84%-224.61%51.44%
FCF per Share-0.14-0.62-0.58-0.49-0.33-0.62-0.17-0.53-0.22
FCF Conversion (FCF/Net Income)0.73x-0.33x0.94x1.35x0.69x0.87x0.28x0.77x0.71x
Interest Paid136K104K8K46K10K15K1.94M4.75M4.64M
Taxes Paid32K13.28M325K82K111K128K329K382K258K

APYX Key Ratios

Apyx Medical Corporation (APYX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-15.92%-20.98%116.59%-24.78%-17.61%-25.74%-50.51%-57.83%-113.74%-76.88%
Return on Invested Capital (ROIC)-19.12%-26.54%-23.62%-36.82%-83.22%-47.05%-68.18%-51.6%-65.54%-22.08%
Gross Margin48.91%50.82%64.68%67.63%63.17%69.26%65.45%64.49%61.04%36.02%
Net Margin-10.78%-13.02%383.61%-69.79%-42.93%-31.27%-52.09%-35.75%-48.78%-21.22%
Debt / Equity0.12x0.13x0.00x0.02x0.01x0.01x0.02x1.43x2.70x2.65x
Interest Coverage-23.59x-100.75x-140.26x-2478.50x-420.93x-1481.00x-1526.40x-7.59x-2.95x-1.15x
FCF Conversion0.72x0.73x-0.33x0.94x1.35x0.69x0.87x0.28x0.77x0.71x
Revenue Growth24.08%6.16%-57.09%69.21%-1.86%75.08%-8.26%17.61%-8.11%9.86%

APYX SEC Filings & Documents

Apyx Medical Corporation (APYX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 10, 2026·SEC

Material company update

Jan 12, 2026·SEC

Material company update

Dec 12, 2025·SEC

10-K Annual Reports

4
FY 2026

Mar 10, 2026·SEC

FY 2025

Mar 13, 2025·SEC

FY 2024

Mar 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

APYX Frequently Asked Questions

Apyx Medical Corporation (APYX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Apyx Medical Corporation (APYX) reported $52.8M in revenue for fiscal year 2025. This represents a 606% increase from $7.5M in 1996.

Apyx Medical Corporation (APYX) grew revenue by 9.9% over the past year. This is steady growth.

Apyx Medical Corporation (APYX) reported a net loss of $11.2M for fiscal year 2025.

Dividend & Returns

Apyx Medical Corporation (APYX) has a return on equity (ROE) of -76.9%. Negative ROE indicates the company is unprofitable.

Apyx Medical Corporation (APYX) had negative free cash flow of $9.1M in fiscal year 2025, likely due to heavy capital investments.

Explore More APYX

Apyx Medical Corporation (APYX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

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