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6Mar 10, 2026·SEC
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Apyx Medical Corporation (APYX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Apyx Medical Corporation (APYX) stock price & volume — 10-year historical chart
Apyx Medical Corporation (APYX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Apyx Medical Corporation (APYX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 10, 2026 | $0.03vs $0.06+50.0% | $19Mvs $19M+3.4% |
| Q4 2025 | Nov 6, 2025 | $0.05vs $0.06+16.7% | $13Mvs $18M-28.9% |
| Q3 2025 | Aug 7, 2025 | $0.09vs $0.09+3.6% | $11Mvs $12M-2.8% |
| Q2 2025 | May 8, 2025 | $0.10vs $0.12+16.7% | $9Mvs $9M+1.0% |
Apyx Medical Corporation (APYX) competitors in Aesthetics, dermatology, and wound care — business model, growth, and fundamentals comparison
Apyx Medical Corporation (APYX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Apyx Medical Corporation (APYX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 38.88M | 16.69M | 28.23M | 27.71M | 48.52M | 44.51M | 52.35M | 48.1M | 52.84M |
| Revenue Growth % | 6.16% | -57.09% | 69.21% | -1.86% | 75.08% | -8.26% | 17.61% | -8.11% | 9.86% |
| Cost of Goods Sold | 19.12M | 5.89M | 9.14M | 10.21M | 14.92M | 15.38M | 18.59M | 18.74M | 33.81M |
| COGS % of Revenue | 49.18% | 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 Expenses | 23.5M | 23.65M | 39.96M | 37.59M | 48.05M | 52.69M | 51.02M | 48.2M | 25.48M |
| OpEx % of Revenue | 60.44% | 141.75% | 141.54% | 135.64% | 99.04% | 118.38% | 97.46% | 100.21% | 48.22% |
| Selling, General & Admin | 21.05M | 21.18M | 36.23M | 33.67M | 43.73M | 48.15M | 48.87M | 43.13M | 36.12M |
| SG&A % of Revenue | 54.13% | 126.95% | 128.32% | 121.49% | 90.13% | 108.18% | 93.35% | 89.65% | 68.35% |
| Research & Development | 2.46M | 2.47M | 3.73M | 3.92M | 4.32M | 4.54M | 4.84M | 5.08M | 3.37M |
| R&D % of Revenue | 6.31% | 14.8% | 13.21% | 14.15% | 8.91% | 10.21% | 9.25% | 10.56% | 6.38% |
| Other Operating Expenses | 0 | -203K | 0 | 0 | 0 | 0 | -2.69M | 0 | -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) | 696K | 669K | 754K | 887K | 903K | 890K | 692K | 599K | 655K |
| EBIT | -13.7M | -14.59M | -19.83M | -19.36M | -14.81M | -22.9M | -18.8M | -17.4M | -6.45M |
| Net Interest Income | -136K | 512K | 1.38M | 195K | 1K | 142K | -1.56M | -4.3M | -4.48M |
| Interest Income | 0 | 616K | 1.39M | 241K | 11K | 157K | 921K | 1.61M | 1.11M |
| Interest Expense | 136K | 104K | 8K | 46K | 10K | 15K | 2.48M | 5.91M | 5.59M |
| Other Income/Expense | -8.57M | -1.09M | 1.03M | 674K | -372K | 651K | -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 | -7.5M | 380K | 367K | -2.43M | 252K | 270K |
| 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 Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 138K | 305K | 211K | 221K | 125K | 291K |
| 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) | -0.16 | 1.93 | -0.58 | -0.35 | -0.44 | -0.67 | -0.54 | -0.66 | -0.27 |
| Diluted Shares Outstanding | 31.43M | 34.37M | 34.07M | 34.21M | 34.33M | 34.52M | 34.62M | 35.54M | 42.16M |
| Basic Shares Outstanding | 31.42M | 33.19M | 34.07M | 34.21M | 34.33M | 34.52M | 34.62M | 35.54M | 42.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Apyx Medical Corporation (APYX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 22.55M | 89.52M | 76.66M | 66.09M | 60.74M | 42.97M | 70.36M | 56.44M | 58.47M |
| Cash & Short-Term Investments | 9.95M | 78.14M | 58.81M | 41.91M | 30.87M | 10.19M | 43.65M | 31.74M | 31.74M |
| Cash Only | 9.95M | 16.47M | 58.81M | 41.91M | 30.87M | 10.19M | 43.65M | 31.74M | 31.74M |
| Short-Term Investments | 0 | 61.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.86M | 5.08M | 9.22M | 17.33M | 21.16M | 18.25M | 14.02M | 15.48M | 16.78M |
| Days Sales Outstanding | 45.59 | 111.12 | 119.19 | 228.24 | 159.21 | 149.62 | 97.77 | 117.46 | 115.87 |
| Inventory | 6.53M | 5.21M | 5.05M | 4.05M | 6.78M | 11.8M | 9.92M | 7.56M | 8.6M |
| Days Inventory Outstanding | 124.57 | 322.82 | 201.65 | 144.86 | 165.86 | 279.99 | 194.83 | 147.31 | 92.86 |
| Other Current Assets | 3.03M | 130K | 375K | 0 | 0 | 2.74M | 2.76M | 1.66M | 1.35M |
| Total Non-Current Assets | 8.44M | 6.09M | 8.01M | 8.02M | 7.98M | 8.8M | 8.88M | 8.4M | 8.37M |
| Property, Plant & Equipment | 6.41M | 5.79M | 7.62M | 7.21M | 6.87M | 7.59M | 7.15M | 6.74M | 6.62M |
| Fixed Asset Turnover | 6.07x | 2.88x | 3.70x | 3.84x | 7.06x | 5.87x | 7.33x | 7.14x | 7.99x |
| Goodwill | 185K | 185K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.69M | 6K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | -187K | -150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 159K | 114K | 391K | 807K | 1.11M | 1.22M | 1.73M | 1.66M | 1.75M |
| 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 Turnover | 1.25x | 0.17x | 0.33x | 0.37x | 0.71x | 0.86x | 0.66x | 0.74x | 0.79x |
| Asset Growth % | -11.74% | 208.54% | -11.44% | -12.48% | -7.27% | -24.66% | 53.05% | -18.17% | 3.08% |
| Total Current Liabilities | 5.97M | 7.7M | 12.24M | 9.15M | 13.21M | 11.85M | 12.74M | 10.72M | 11.7M |
| Accounts Payable | 1.58M | 1.42M | 2.44M | 1.51M | 2.63M | 2.67M | 2.71M | 2.62M | 3.06M |
| Days Payables Outstanding | 30.22 | 88.14 | 97.35 | 54.03 | 64.38 | 63.35 | 53.25 | 50.93 | 33.01 |
| Short-Term Debt | 239K | 0 | 140K | 0 | 0 | 0 | 0 | 0 | 428K |
| Deferred Revenue (Current) | 0 | 0 | 7.91M | 0 | 533K | 853K | 488K | 693K | 0 |
| Other Current Liabilities | 2.38M | 3.8M | -2.5M | 811K | 2.12M | 0 | 1.54M | 0 | 8.21M |
| Current Ratio | 3.77x | 11.62x | 6.26x | 7.22x | 4.60x | 3.63x | 5.52x | 5.26x | 5.00x |
| Quick Ratio | 2.68x | 10.95x | 5.85x | 6.78x | 4.09x | 2.63x | 4.74x | 4.56x | 4.26x |
| Cash Conversion Cycle | 139.95 | 345.81 | 223.49 | 319.07 | 260.69 | 366.27 | 239.36 | 213.84 | 175.72 |
| Total Non-Current Liabilities | 2.98M | 140K | 1.18M | 1.1M | 1.51M | 2.13M | 39.58M | 39.79M | 40.31M |
| Long-Term Debt | 2.6M | 140K | 0 | 0 | 0 | 0 | 33.19M | 33.89M | 34.85M |
| Capital Lease Obligations | 0 | 0 | 656K | 312K | 18K | 543K | 4.95M | 4.52M | 4.06M |
| Deferred Tax Liabilities | 368K | 150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 20K | 0 | 519K | 166K | 166K | 181K | 198K | 259K | 347K |
| Total Liabilities | 8.96M | 7.84M | 13.42M | 10.25M | 14.71M | 13.98M | 52.32M | 50.51M | 52.01M |
| Total Debt | 2.83M | 140K | 1.13M | 676K | 305K | 796K | 38.5M | 38.76M | 39.34M |
| Net Debt | -7.12M | -16.33M | -57.68M | -41.24M | -30.57M | -9.4M | -5.15M | 7.02M | 7.6M |
| Debt / Equity | 0.13x | 0.00x | 0.02x | 0.01x | 0.01x | 0.02x | 1.43x | 2.70x | 2.65x |
| 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 Share | 0.70 | 2.55 | 2.09 | 1.87 | 1.57 | 1.09 | 0.78 | 0.40 | 0.35 |
| Total Shareholders' Equity | 22.03M | 87.77M | 71.26M | 63.72M | 53.7M | 37.58M | 26.7M | 14.21M | 14.54M |
| Common Stock | 33K | 34K | 34K | 34K | 34K | 35K | 35K | 38K | 42K |
| Retained Earnings | -28.5M | 35.51M | 14.52M | 2.62M | -12.55M | -35.73M | -54.45M | -77.91M | -89.12M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.71M | -6.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 138K | 305K | 211K | 221K | 125K | 291K |
Apyx Medical Corporation (APYX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'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 | -5.06M | 64.01M | -19.71M | -11.91M | -15.2M | -23.28M | -18.85M | -23.56M | -11.11M |
| Depreciation & Amortization | 696K | 669K | 754K | 887K | 903K | 890K | 692K | 599K | 655K |
| Stock-Based Compensation | 871K | 1.52M | 3.58M | 4.21M | 5.09M | 6.7M | 5.11M | 4.01M | 2M |
| Deferred Taxes | -196K | -368K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 503K | -68.45M | 215K | 996K | 603K | 628K | 2.25M | 2.15M | 2.04M |
| Working Capital Changes | -516K | -18.4M | -3.32M | -10.25M | -1.84M | -5.22M | 5.54M | -1.25M | -1.59M |
| Change in Receivables | -303K | -382K | -3.79M | -558K | -4.9M | 1.92M | 3.97M | -2.04M | -1.32M |
| Change in Inventory | -870K | -881K | -2.37M | 615K | -2.86M | -5.57M | 1.46M | 2.26M | -1.07M |
| Change in Payables | -23K | -224K | 1.05M | -965K | 1.15M | 67K | 25K | -63K | 355K |
| Cash from Investing | -624K | 29.3M | 60.54M | -581K | -723K | -1.01M | 6.73M | -722K | -1.11M |
| Capital Expenditures | -624K | -363K | -1.3M | -581K | -723K | -1.01M | -533K | -722K | -1.11M |
| CapEx % of Revenue | 1.6% | 2.18% | 4.61% | 2.1% | 1.49% | 2.27% | 1.02% | 1.5% | 2.11% |
| Acquisitions | 0 | 91.09M | 0 | 0 | 195K | 0 | 7.41M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 29.66M | 0 | 0 | -195K | 0 | -147K | 0 | 0 |
| Cash from Financing | -179K | -2.49M | 147K | -73K | 24K | 217K | 32.17M | 6.75M | 9.58M |
| Debt Issued (Net) | -239K | -2.69M | -60K | -369K | -238K | -148K | 35.04M | -20K | -20K |
| Equity Issued (Net) | 0 | 0 | 0 | 148K | 67K | 365K | 2.72M | 7M | 9.54M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 60K | 202K | 207K | 148K | 195K | 0 | -5.59M | -235K | 60K |
| 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 | -0.33x | 0.94x | 1.35x | 0.69x | 0.87x | 0.28x | 0.77x | 0.71x |
| Interest Paid | 136K | 104K | 8K | 46K | 10K | 15K | 1.94M | 4.75M | 4.64M |
| Taxes Paid | 32K | 13.28M | 325K | 82K | 111K | 128K | 329K | 382K | 258K |
Apyx Medical Corporation (APYX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 48.91% | 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 / Equity | 0.12x | 0.13x | 0.00x | 0.02x | 0.01x | 0.01x | 0.02x | 1.43x | 2.70x | 2.65x |
| Interest Coverage | -23.59x | -100.75x | -140.26x | -2478.50x | -420.93x | -1481.00x | -1526.40x | -7.59x | -2.95x | -1.15x |
| FCF Conversion | 0.72x | 0.73x | -0.33x | 0.94x | 1.35x | 0.69x | 0.87x | 0.28x | 0.77x | 0.71x |
| Revenue Growth | 24.08% | 6.16% | -57.09% | 69.21% | -1.86% | 75.08% | -8.26% | 17.61% | -8.11% | 9.86% |
Apyx Medical Corporation (APYX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 10, 2026·SEC
Jan 12, 2026·SEC
Dec 12, 2025·SEC
Apyx Medical Corporation (APYX) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
Apyx Medical Corporation (APYX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates