AtriCure, Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 534.5M, using the latest reported figures. The previous period, 2024, was about USD 465.3M.

Watchlist

Latest quarter

Revenue

154 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

6.29%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 9665000 USD Source
  • Revenue: 153604000 USD Source

Operating cash flow

22.2 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 18196000 USD Source
  • Operating Cash Flow: -3996000 USD Source

Free cash flow

18.4 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 18196000 USD Source
  • Operating Cash Flow: -3996000 USD Source
  • Capital Expenditure: 7618000 USD Source
  • Capital Expenditure: 3852000 USD Source
Cash and cash equivalents
168 million USD Source
Exact value

167786000 USD

Long-term debt including current maturities
61 million USD Source
Exact value

61000000 USD

Shares outstanding
50.9 million shares Source
Exact value

50863000 shares

Reported share-count change

2.36% · 1.17 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 49691000 shares · 2025-06-30· Source
  • 50863000 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-07-27.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2022-12-31
  • Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +14.9%

    Prior period

    USD 465.31 million

    –

    Current period

    USD 534.53 million

    –

    Exact inputs and evidence

    534528000 − 465307000 = 69221000 USD

    465307000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    534528000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 33.25 million

    Prior period

    −USD 44.7 million

    –

    Current period

    −USD 11.45 million

    –

    Exact inputs and evidence

    -11448000 − -44698000 = 33250000 USD

    -44698000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -11448000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +369.8%

    Prior period

    USD 12.2 million

    –

    Current period

    USD 57.33 million

    –

    Exact inputs and evidence

    57334000 − 12204000 = 45130000 USD

    12204000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    57334000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -21%

    Prior period

    USD 11.46 million

    –

    Current period

    USD 9.05 million

    –

    Exact inputs and evidence

    9050000 − 11459000 = -2409000 USD

    11459000 USD · 2024-01-01 – 2024-12-31

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    9050000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 534.53 million 100% of revenue
  • Cost of revenue USD 133.75 million 25% of revenue
  • Operating expenses USD 410.23 million 77% of revenue
  • Operating income −USD 9.45 million −1.8% of revenue
  • Tax, interest and other Derived USD 2 million 0.4% of revenue
  • Net income −USD 11.45 million −2.1% of revenue

Cash

  • Operating cash flow USD 57.33 million 11% of revenue
  • Capital expenditure USD 9.05 million 1.7% of revenue
  • Free cash flow Derived USD 48.28 million 9% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Operating loss: operating costs were 114% of revenue.
  • 2020 Operating loss: operating costs were 121% of revenue.
  • 2021 18%80%
  • 2022 Operating loss: operating costs were 113% of revenue.
  • 2023 Operating loss: operating costs were 107% of revenue.
  • 2024 Operating loss: operating costs were 109% of revenue.
  • 2025 Operating loss: operating costs were 102% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-31230807000 263929000 Derived -33122000 2072000 Derived -35194000 -27993000 Derived
Source
2020 2020-01-01 – 2020-12-31206531000 250764000 Derived -44233000 3922000 Derived -48155000 -25128000 Derived
Source
2021 2021-01-01 – 2021-12-31274329000 219124000 Derived 55205000 5006000 Derived 50199000 -23533000 Derived
Source
2022 2022-01-01 – 2022-12-31330379000 373048000 Derived -42669000 3797000 Derived -46466000 -39022000 Derived
Source
2023 2023-01-01 – 2023-12-31399245000 425928000 Derived -26683000 3755000 Derived -30438000 -7514000 Derived
Source
2024 2024-01-01 – 2024-12-31465307000 505320000 Derived -40013000 4685000 Derived -44698000 745000 Derived
Source
2025 2025-01-01 – 2025-12-31534528000 543975000 Derived -9447000 2001000 Derived -11448000 48284000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 534.5M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.577.3M433.0M288.6M144.3M0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue230807000
2020Revenue206531000
2021Revenue274329000
2022Revenue330379000
2023Revenue399245000
2024Revenue465307000
2025Revenue534528000

Revenue growth

Change in revenue from the same financial period one year earlier.

14.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.36%24%11%-1%-14%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-10.5%
2021Year over year32.8%
2022Year over year20.4%
2023Year over year20.8%
2024Year over year16.5%
2025Year over year14.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -1.8% 2025
Net margin -2.1% 2025
Free cash flow margin 9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.24%11%-2%-14%-27%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin-14.4%
2020Operating margin-21.4%
2021Operating margin20.1%
2022Operating margin-12.9%
2023Operating margin-6.7%
2024Operating margin-8.6%
2025Operating margin-1.8%
2019Net margin-15.2%
2020Net margin-23.3%
2021Net margin18.3%
2022Net margin-14.1%
2023Net margin-7.6%
2024Net margin-9.6%
2025Net margin-2.1%
2019Free cash flow margin-12.1%
2020Free cash flow margin-12.2%
2021Free cash flow margin-8.6%
2022Free cash flow margin-11.8%
2023Free cash flow margin-1.9%
2024Free cash flow margin0.2%
2025Free cash flow margin9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 57.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.63.7M40.6M17.6M-5.5M-28.5M201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow-15811000
2020Operating cash flow-19869000
2021Operating cash flow-13780000
2022Operating cash flow-22141000
2023Operating cash flow4484000
2024Operating cash flow12204000
2025Operating cash flow57334000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 48.3M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55.3M29.9M4.6M-20.7M-46.0M201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow-27993000
2020Free cash flow-25128000
2021Free cash flow-23533000
2022Free cash flow-39022000
2023Free cash flow-7514000
2024Free cash flow745000
2025Free cash flow48284000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

24.8% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.46%34%23%11%0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020Liabilities / assets42.3%
2021Liabilities / assets21.4%
2022Liabilities / assets22%
2023Liabilities / assets24.1%
2024Liabilities / assets24.3%
2025Liabilities / assets24.8%

Current assets to current liabilities

Current assets divided by current liabilities.

3.96× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.74×5.06×3.37×1.69×0.00×2019-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020Current assets / current liabilities6.24×
2021Current assets / current liabilities3.47×
2022Current assets / current liabilities3.69×
2023Current assets / current liabilities3.57×
2024Current assets / current liabilities3.65×
2025Current assets / current liabilities3.96×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
−USD 35.19 million
Exact value

Exact value: -35194000 USD

2019-01-01 – 2019-12-31: -35194000 USD Inspect Net Income Open source
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−USD 15.81 million
Exact value

Exact value: -15811000 USD

2019-01-01 – 2019-12-31: -15811000 USD Inspect Operating Cash Flow Open source
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USD 12.18 million
Exact value

Exact value: 12182000 USD

2019-01-01 – 2019-12-31: 12182000 USD Inspect Capital Expenditure Open source
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−USD 27.99 million
Calculation and evidence

-15811000 − 12182000 USD

Exact free cash flow: -27993000 USD

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2020 2020-01-01 – 2020-12-31
−USD 48.16 million
Exact value

Exact value: -48155000 USD

2020-01-01 – 2020-12-31: -48155000 USD Inspect Net Income Open source
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−USD 19.87 million
Exact value

Exact value: -19869000 USD

2020-01-01 – 2020-12-31: -19869000 USD Inspect Operating Cash Flow Open source
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USD 5.26 million
Exact value

Exact value: 5259000 USD

2020-01-01 – 2020-12-31: 5259000 USD Inspect Capital Expenditure Open source
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−USD 25.13 million
Calculation and evidence

-19869000 − 5259000 USD

Exact free cash flow: -25128000 USD

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2021 2021-01-01 – 2021-12-31
USD 50.2 million
Exact value

Exact value: 50199000 USD

2021-01-01 – 2021-12-31: 50199000 USD Inspect Net Income Open source
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−USD 13.78 million
Exact value

Exact value: -13780000 USD

2021-01-01 – 2021-12-31: -13780000 USD Inspect Operating Cash Flow Open source
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USD 9.75 million
Exact value

Exact value: 9753000 USD

2021-01-01 – 2021-12-31: 9753000 USD Inspect Capital Expenditure Open source
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−USD 23.53 million
Calculation and evidence

-13780000 − 9753000 USD

Exact free cash flow: -23533000 USD

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2022 2022-01-01 – 2022-12-31
−USD 46.47 million
Exact value

Exact value: -46466000 USD

2022-01-01 – 2022-12-31: -46466000 USD Inspect Net Income Open source
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−USD 22.14 million
Exact value

Exact value: -22141000 USD

2022-01-01 – 2022-12-31: -22141000 USD Inspect Operating Cash Flow Open source
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USD 16.88 million
Exact value

Exact value: 16881000 USD

2022-01-01 – 2022-12-31: 16881000 USD Inspect Capital Expenditure Open source
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−USD 39.02 million
Calculation and evidence

-22141000 − 16881000 USD

Exact free cash flow: -39022000 USD

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2023 2023-01-01 – 2023-12-31
−USD 30.44 million
Exact value

Exact value: -30438000 USD

2023-01-01 – 2023-12-31: -30438000 USD Inspect Net Income Open source
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USD 4.48 million
Exact value

Exact value: 4484000 USD

2023-01-01 – 2023-12-31: 4484000 USD Inspect Operating Cash Flow Open source
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USD 12 million
Exact value

Exact value: 11998000 USD

2023-01-01 – 2023-12-31: 11998000 USD Inspect Capital Expenditure Open source
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−USD 7.51 million
Calculation and evidence

4484000 − 11998000 USD

Exact free cash flow: -7514000 USD

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2024 2024-01-01 – 2024-12-31
−USD 44.7 million
Exact value

Exact value: -44698000 USD

2024-01-01 – 2024-12-31: -44698000 USD Inspect Net Income Open source
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USD 12.2 million
Exact value

Exact value: 12204000 USD

2024-01-01 – 2024-12-31: 12204000 USD Inspect Operating Cash Flow Open source
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USD 11.46 million
Exact value

Exact value: 11459000 USD

2024-01-01 – 2024-12-31: 11459000 USD Inspect Capital Expenditure Open source
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USD 745,000
Calculation and evidence

12204000 − 11459000 USD

Exact free cash flow: 745000 USD

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2025 2025-01-01 – 2025-12-31
−USD 11.45 million
Exact value

Exact value: -11448000 USD

2025-01-01 – 2025-12-31: -11448000 USD Inspect Net Income Open source
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USD 57.33 million
Exact value

Exact value: 57334000 USD

2025-01-01 – 2025-12-31: 57334000 USD Inspect Operating Cash Flow Open source
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USD 9.05 million
Exact value

Exact value: 9050000 USD

2025-01-01 – 2025-12-31: 9050000 USD Inspect Capital Expenditure Open source
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USD 48.28 million
Calculation and evidence

57334000 − 9050000 USD

Exact free cash flow: 48284000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

216 filings · 6,071 latest values · 6,071 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001323885, 1323885, ATRC, edgar:1323885

Also known as ATRICURE, INC., AtriCure, Inc., AtriCure, Inc.