Surmodics, Inc. (SRDX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 29.57M | 28.09M | 29.92M | 33.23M | 30.34M | 31.96M | 30.55M | 27.97M | 52.48M | 27.2M | 24.93M | 25.99M | 24.85M | 26.11M | 23M | 23.97M | 23.87M | 34.99M | 22.3M | 22.54M |
| Revenue Growth % | -2.55% | -12.12% | -2.06% | 18.8% | -42.19% | 17.5% | 22.54% | 7.63% | 111.17% | 4.18% | 8.39% | 8.41% | 4.11% | -25.4% | 3.17% | 6.33% | -11.2% | 53.34% | -1.41% | -26.85% |
| Cost of Goods Sold | 8.58M | 7.83M | 7.42M | 8.67M | 9.32M | 7.98M | 17.47M | 16.73M | 18.15M | 18.66M | 18.01M | 17.86M | 18.12M | 18.82M | 16.16M | 14.89M | 17.35M | 17.05M | 14.63M | 16.69M |
| COGS % of Revenue | 29.01% | 27.88% | 24.81% | 26.11% | 30.71% | 24.96% | 57.17% | 59.83% | 34.59% | 68.62% | 72.23% | 68.71% | 72.89% | 72.09% | 70.25% | 62.12% | 72.68% | 48.71% | 65.59% | 74.03% |
| Gross Profit | 20.99M | 20.25M | 22.5M | 24.55M | 21.02M | 23.98M | 13.09M | 11.23M | 34.33M | 8.54M | 6.92M | 8.13M | 6.74M | 7.29M | 6.84M | 9.08M | 6.52M | 17.95M | 7.67M | 5.85M |
| Gross Margin % | 70.99% | 72.12% | 75.19% | 73.89% | 69.29% | 75.04% | 42.83% | 40.17% | 65.41% | 31.38% | 27.77% | 31.29% | 27.11% | 27.91% | 29.75% | 37.88% | 27.32% | 51.29% | 34.41% | 25.97% |
| Gross Profit Growth % | -0.15% | -15.54% | 71.93% | 118.54% | -38.76% | 180.94% | 89.01% | 38.16% | 409.5% | 17.14% | 1.17% | -10.45% | 3.31% | -59.4% | -10.81% | 55.12% | -28.46% | 152.18% | 5.52% | -53.66% |
| Operating Expenses | 26.23M | 24.27M | 24.98M | 25.17M | 26.39M | 23.32M | 13.41M | 13.69M | 13.75M | 13.84M | 14.15M | 14.74M | 13.88M | 12.18M | 10.28M | 8.98M | 8.45M | 8.47M | 7.58M | 7.85M |
| OpEx % of Revenue | 88.72% | 86.4% | 83.48% | 75.74% | 86.98% | 72.98% | 43.88% | 48.93% | 26.2% | 50.88% | 56.76% | 56.74% | 55.84% | 46.67% | 44.69% | 37.47% | 35.37% | 24.19% | 33.99% | 34.81% |
| Selling, General & Admin | 17.75M | 15.04M | 15.17M | 14.58M | 16.63M | 13.09M | 12.54M | 12.81M | 12.87M | 12.97M | 13.24M | 13.78M | 12.85M | 11.11M | 9.19M | 7.87M | 7.88M | 7.91M | 7.02M | 7.3M |
| SG&A % of Revenue | 60.03% | 53.57% | 50.71% | 43.88% | 54.8% | 40.97% | 41.03% | 45.79% | 24.53% | 47.69% | 53.1% | 53.02% | 51.72% | 42.57% | 39.96% | 32.81% | 33.03% | 22.59% | 31.5% | 32.38% |
| Research & Development | 3.15M | 3.19M | 2.74M | 2.69M | 9.77M | 10.23M | 8.66M | 9.7M | 2.66M | 2.42M | 1.93M | 2.08M | 2.14M | 2.3M | 2.56M | 2.86M | 2.99M | 3.16M | 2.86M | 12.79M |
| R&D % of Revenue | 10.65% | 11.34% | 9.16% | 8.08% | 32.18% | 32.01% | 28.36% | 34.67% | 5.07% | 8.89% | 7.76% | 8.02% | 8.61% | 8.8% | 11.13% | 11.94% | 12.54% | 9.03% | 12.83% | 56.72% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 0 | 0 | -1000K | -1000K | 835K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -73K | 560K | 560K | 1000K | -85K |
| Operating Income | -5.24M | -4.01M | -2.48M | -613K | -5.37M | 659K | -322K | -2.45M | 21.41M | -5.3M | -7.23M | -6.61M | -7.14M | -4.9M | -3.44M | -489K | -2.38M | 9.48M | 93K | -1.99M |
| Operating Margin % | -17.73% | -14.28% | -8.29% | -1.84% | -17.7% | 2.06% | -1.05% | -8.76% | 40.8% | -19.49% | -28.99% | -25.45% | -28.73% | -18.76% | -14.96% | -2.04% | -9.99% | 27.1% | 0.42% | -8.84% |
| Operating Income Growth % | 2.37% | -708.5% | -670.5% | 74.98% | -125.07% | 112.43% | 95.55% | 62.95% | 399.89% | -8.25% | -110.08% | -1252.35% | -199.5% | -151.64% | -3800% | 75.46% | -304.81% | 6178.85% | 134.96% | -151.43% |
| EBITDA | -3.14M | -2.48M | -398K | 1.53M | -3.24M | 2.75M | 2.19M | -126K | 23.73M | -3.05M | -4.95M | -4.21M | -4.77M | -2.46M | -974K | 1.92M | -540K | 11.39M | 1.95M | -1.45M |
| EBITDA Margin % | -10.62% | -8.84% | -1.33% | 4.59% | -10.69% | 8.62% | 7.18% | -0.45% | 45.21% | -11.2% | -19.85% | -16.22% | -19.2% | -9.42% | -4.23% | 8% | -2.26% | 32.54% | 8.76% | -6.41% |
| EBITDA Growth % | 3.21% | -190.13% | -118.14% | 1311.11% | -113.67% | 190.42% | 144.34% | 97.01% | 597.21% | -23.91% | -408.01% | -319.76% | -783.7% | -121.59% | -149.87% | 232.64% | -118.28% | 2858.18% | 495.43% | -132.34% |
| D&A (Non-Cash Add-back) | 2.1M | 1.53M | 2.08M | 2.14M | 2.13M | 2.1M | 2.52M | 2.32M | 2.31M | 2.25M | 2.28M | 2.4M | 2.37M | 2.44M | 2.47M | 2.41M | 1.84M | 1.91M | 1.86M | 547K |
| EBIT | -5.06M | -5.54M | -2.06M | -1.14M | -4.93M | 659K | 172K | -1.89M | 21.53M | -6.48M | -7.18M | -6.6M | -7.04M | -4.87M | -3.38M | -430K | -2.45M | 9.48M | 93K | -2.04M |
| Net Interest Income | -600K | -602K | -882K | -884K | -879K | -881K | -896K | -895K | -884K | -884K | -826K | -188K | -145K | -129K | -136K | -132K | -59K | -59K | -60K | -34K |
| Interest Income | 265K | 253K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 865K | 855K | 882K | 884K | 879K | 881K | 896K | 895K | 884K | 884K | 826K | 188K | 145K | 129K | 136K | 132K | 59K | 59K | 60K | 34K |
| Other Income/Expense | -687K | -672K | -463K | -524K | -442K | -493K | -402K | -339K | -763K | -782K | -779K | -179K | -38K | -102K | -77K | -73K | -127K | 42K | -199K | -85K |
| Pretax Income | -5.93M | -4.68M | -2.94M | -1.14M | -5.81M | 166K | -724K | -2.79M | 20.65M | -7.37M | -8.01M | -6.79M | -7.18M | -5M | -3.52M | -562K | -2.51M | 9.53M | -106K | -2.08M |
| Pretax Margin % | -20.05% | -16.67% | -9.84% | -3.42% | -19.15% | 0.52% | -2.37% | -9.97% | 39.34% | -27.08% | -32.12% | -26.14% | -28.89% | -19.16% | -15.29% | -2.34% | -10.52% | 27.22% | -0.48% | -9.22% |
| Income Tax | -611K | 527K | 707K | 2.31M | 1.74M | -81K | 62K | -9.48M | 13.3M | 368K | -165K | 7.94M | -1.53M | -919K | -706K | -273K | 776K | 1.44M | 168K | 868K |
| Effective Tax Rate % | 10.31% | -11.26% | -24.01% | -203.34% | -29.99% | -48.8% | -8.56% | 340.01% | 64.42% | -5% | 2.06% | -116.84% | 21.31% | 18.37% | 20.07% | 48.58% | -30.9% | 15.1% | -158.49% | -41.77% |
| Net Income | -5.32M | -5.21M | -3.65M | -3.45M | -7.55M | 247K | -786K | 6.69M | 7.35M | -7.73M | -7.84M | -14.73M | -5.65M | -4.08M | -2.81M | -289K | -3.29M | 8.09M | -274K | -2.95M |
| Net Margin % | -17.99% | -18.55% | -12.2% | -10.38% | -24.9% | 0.77% | -2.57% | 23.93% | 14% | -28.43% | -31.46% | -56.67% | -22.74% | -15.64% | -12.22% | -1.21% | -13.77% | 23.11% | -1.23% | -13.07% |
| Net Income Growth % | 29.6% | -2208.91% | -364.5% | -151.52% | -202.83% | 103.19% | 89.98% | 145.45% | 229.99% | -89.4% | -178.91% | -4996.19% | -71.92% | -150.49% | -926.28% | 90.19% | -233.67% | 453.15% | -285.14% | -182.89% |
| Net Income (Continuing) | -5.32M | -5.21M | -3.65M | -3.45M | -7.55M | 247K | -786K | 6.69M | 7.35M | -7.73M | -7.84M | -14.73M | -5.65M | -4.08M | -2.81M | -289K | -3.29M | 8.09M | -274K | -2.95M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.37 | -0.36 | -0.26 | -0.24 | -0.53 | 0.02 | -0.06 | 0.47 | 0.52 | -0.55 | -0.56 | -1.06 | -0.41 | -0.29 | -0.20 | -0.02 | -0.24 | 0.58 | -0.02 | -0.22 |
| EPS Growth % | 30.19% | -2168.97% | -366.79% | -151.06% | -201.92% | 103.16% | 90.05% | 144.34% | 226.83% | -89.66% | -180% | -4971.77% | -70.83% | -150% | -900% | 90.5% | -233.33% | 427.27% | -300% | -184.62% |
| EPS (Basic) | -0.37 | -0.36 | -0.26 | -0.24 | -0.53 | 0.02 | -0.06 | 0.48 | 0.52 | -0.55 | -0.56 | -1.06 | -0.41 | -0.29 | -0.20 | -0.02 | -0.24 | 0.59 | -0.02 | -0.22 |
| Diluted Shares Outstanding | 14.28M | 14.28M | 14.23M | 14.19M | 14.17M | 14.18M | 14.1M | 14.15M | 14.07M | 14.03M | 13.98M | 13.94M | 13.93M | 13.92M | 13.88M | 13.85M | 13.84M | 13.98M | 13.67M | 13.64M |
| Basic Shares Outstanding | 14.28M | 14.28M | 14.23M | 14.19M | 14.17M | 14.15M | 14.1M | 14.06M | 14.05M | 14.03M | 13.98M | 13.91M | 13.78M | 13.92M | 13.88M | 13.84M | 13.7M | 13.75M | 13.67M | 13.48M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |