Pulse Biosciences, Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 350K, using the latest reported figures. The previous period, 2024, was about USD 0.

Watchlist

Latest quarter

Revenue

434 thousand USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-5,823.04%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -25272000 USD Source
  • Revenue: 434000 USD Source

Operating cash flow

-18.7 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -33304000 USD Source
  • Operating Cash Flow: -14595000 USD Source

Free cash flow

-18.8 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -33304000 USD Source
  • Operating Cash Flow: -14595000 USD Source
  • Capital Expenditure: 123000 USD Source
  • Capital Expenditure: 33000 USD Source
Cash and cash equivalents
102 million USD Source
Exact value

101600000 USD

Long-term debt including current maturities
Not available
Shares outstanding
70.8 million shares Source
Exact value

70799962 shares

Reported share-count change

5.23% · 3.52 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
  • 67278000 shares · 2025-06-30· Source
  • 70799962 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: 2026-10-14.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 5 of 11 periods available· newest 2025-12-31
  • Total liabilities: 5 of 11 periods available· newest 2025-12-31
  • Current assets: 5 of 11 periods available· newest 2025-12-31
  • Current liabilities: 5 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 5 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 5 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

    +USD 350,000

    Prior period

    USD 0

    –

    Current period

    USD 350,000

    –

    Exact inputs and evidence

    350000 − 0 = 350000 USD

    0 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    350000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −USD 19.2 million

    Prior period

    −USD 53.59 million

    –

    Current period

    −USD 72.78 million

    –

    Exact inputs and evidence

    -72781000 − -53585000 = -19196000 USD

    -53585000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -72781000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    −USD 17.78 million

    Prior period

    −USD 36.34 million

    –

    Current period

    −USD 54.12 million

    –

    Exact inputs and evidence

    -54122000 − -36343000 = -17779000 USD

    -36343000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -54122000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +152%

    Prior period

    USD 125,000

    –

    Current period

    USD 315,000

    –

    Exact inputs and evidence

    315000 − 125000 = 190000 USD

    125000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    315000 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 350,000 100% of revenue
  • Cost of revenue USD 539,000 154% of revenue
  • Operating expenses USD 76.75 million 21,929% of revenue
  • Operating income −USD 76.94 million −21,983% of revenue
  • Tax, interest and other Derived −USD 4.16 million −1,188% of revenue
  • Net income −USD 72.78 million −20,795% of revenue

Cash

  • Operating cash flow −USD 54.12 million −15,463% of revenue
  • Capital expenditure USD 315,000 90% of revenue
  • Free cash flow Derived −USD 54.44 million −15,553% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Operating loss: operating costs were 4,544% of revenue.
  • 2022 Operating loss: operating costs were 8,394% of revenue.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Operating loss: operating costs were 22,083% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-310 49965000 Derived -49965000 -114000 Derived -49851000 -35806000 Derived
Source
2021 2021-01-01 – 2021-12-311418000 64432000 Derived -63014000 646000 Derived -63660000 -54534000 Derived
Source
2022 2022-01-01 – 2022-12-31700000 58757000 Derived -58057000 448000 Derived -58505000 -47414000 Derived
Source
2023 2023-01-01 – 2023-12-310 43574000 Derived -43574000 -1364000 Derived -42210000 -33162000 Derived
Source
2024 2024-01-01 – 2024-12-310 56257000 Derived -56257000 -2672000 Derived -53585000 -36468000 Derived
Source
2025 2025-01-01 – 2025-12-31350000 77289000 Derived -76939000 -4158000 Derived -72781000 -54437000 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 350K 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.1.5M1.1M765.7K382.9K0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue0
2021Revenue1418000
2022Revenue700000
2023Revenue0
2024Revenue0
2025Revenue350000

Revenue growth

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

-100% 2023
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.8%-21%-50%-79%-108%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over yearNo prior comparable period
2022Year over year-50.6%
2023Year over year-100%
2024Year over yearNo prior comparable period
2025Year over yearNo prior comparable period

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 -21,982.6% 2025
Net margin -20,794.6% 2025
Free cash flow margin -15,553.4% 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.1,759%-4,616%-10,991%-17,366%-23,741%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating marginNot reported
2021Operating margin-4,443.9%
2022Operating margin-8,293.9%
2023Operating marginNot reported
2024Operating marginNot reported
2025Operating margin-21,982.6%
2020Net marginNot reported
2021Net margin-4,489.4%
2022Net margin-8,357.9%
2023Net marginNot reported
2024Net marginNot reported
2025Net margin-20,794.6%
2020Free cash flow marginNot reported
2021Free cash flow margin-3,845.8%
2022Free cash flow margin-6,773.4%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow margin-15,553.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -54.1M 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.4.3M-11.4M-27.1M-42.8M-58.5M202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow-35365000
2021Operating cash flow-54097000
2022Operating cash flow-47013000
2023Operating cash flow-33041000
2024Operating cash flow-36343000
2025Operating cash flow-54122000

Free cash flow

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

USD -54.4M 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.4.4M-11.5M-27.3M-43.1M-58.9M202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow-35806000
2021Free cash flow-54534000
2022Free cash flow-47414000
2023Free cash flow-33162000
2024Free cash flow-36468000
2025Free cash flow-54437000

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.

14.7% 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.111%83%56%28%0%2020-12-3120232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Liabilities / assetsNot reportedNo source recorded
2021Liabilities / assets25%
2022Liabilities / assets102.9%
2023Liabilities / assets25%
2024Liabilities / assets13.3%
2025Liabilities / assets14.7%

Current assets to current liabilities

Current assets divided by current liabilities.

10.53× 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.12.83×9.62×6.41×3.21×0.00×2020-12-3120232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021Current assets / current liabilities6.76×
2022Current assets / current liabilities10.39×
2023Current assets / current liabilities6.76×
2024Current assets / current liabilities11.88×
2025Current assets / current liabilities10.53×

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
2020 2020-01-01 – 2020-12-31
−USD 49.85 million
Exact value

Exact value: -49851000 USD

2020-01-01 – 2020-12-31: -49851000 USD Inspect Net Income Open source
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−USD 35.37 million
Exact value

Exact value: -35365000 USD

2020-01-01 – 2020-12-31: -35365000 USD Inspect Operating Cash Flow Open source
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USD 441,000
Exact value

Exact value: 441000 USD

2020-01-01 – 2020-12-31: 441000 USD Inspect Capital Expenditure Open source
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−USD 35.81 million
Calculation and evidence

-35365000 − 441000 USD

Exact free cash flow: -35806000 USD

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2021 2021-01-01 – 2021-12-31
−USD 63.66 million
Exact value

Exact value: -63660000 USD

2021-01-01 – 2021-12-31: -63660000 USD Inspect Net Income Open source
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−USD 54.1 million
Exact value

Exact value: -54097000 USD

2021-01-01 – 2021-12-31: -54097000 USD Inspect Operating Cash Flow Open source
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USD 437,000
Exact value

Exact value: 437000 USD

2021-01-01 – 2021-12-31: 437000 USD Inspect Capital Expenditure Open source
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−USD 54.53 million
Calculation and evidence

-54097000 − 437000 USD

Exact free cash flow: -54534000 USD

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2022 2022-01-01 – 2022-12-31
−USD 58.51 million
Exact value

Exact value: -58505000 USD

2022-01-01 – 2022-12-31: -58505000 USD Inspect Net Income Open source
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−USD 47.01 million
Exact value

Exact value: -47013000 USD

2022-01-01 – 2022-12-31: -47013000 USD Inspect Operating Cash Flow Open source
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USD 401,000
Exact value

Exact value: 401000 USD

2022-01-01 – 2022-12-31: 401000 USD Inspect Capital Expenditure Open source
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−USD 47.41 million
Calculation and evidence

-47013000 − 401000 USD

Exact free cash flow: -47414000 USD

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2023 2023-01-01 – 2023-12-31
−USD 42.21 million
Exact value

Exact value: -42210000 USD

2023-01-01 – 2023-12-31: -42210000 USD Inspect Net Income Open source
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−USD 33.04 million
Exact value

Exact value: -33041000 USD

2023-01-01 – 2023-12-31: -33041000 USD Inspect Operating Cash Flow Open source
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USD 121,000
Exact value

Exact value: 121000 USD

2023-01-01 – 2023-12-31: 121000 USD Inspect Capital Expenditure Open source
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−USD 33.16 million
Calculation and evidence

-33041000 − 121000 USD

Exact free cash flow: -33162000 USD

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2024 2024-01-01 – 2024-12-31
−USD 53.59 million
Exact value

Exact value: -53585000 USD

2024-01-01 – 2024-12-31: -53585000 USD Inspect Net Income Open source
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−USD 36.34 million
Exact value

Exact value: -36343000 USD

2024-01-01 – 2024-12-31: -36343000 USD Inspect Operating Cash Flow Open source
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USD 125,000
Exact value

Exact value: 125000 USD

2024-01-01 – 2024-12-31: 125000 USD Inspect Capital Expenditure Open source
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−USD 36.47 million
Calculation and evidence

-36343000 − 125000 USD

Exact free cash flow: -36468000 USD

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2025 2025-01-01 – 2025-12-31
−USD 72.78 million
Exact value

Exact value: -72781000 USD

2025-01-01 – 2025-12-31: -72781000 USD Inspect Net Income Open source
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−USD 54.12 million
Exact value

Exact value: -54122000 USD

2025-01-01 – 2025-12-31: -54122000 USD Inspect Operating Cash Flow Open source
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USD 315,000
Exact value

Exact value: 315000 USD

2025-01-01 – 2025-12-31: 315000 USD Inspect Capital Expenditure Open source
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−USD 54.44 million
Calculation and evidence

-54122000 − 315000 USD

Exact free cash flow: -54437000 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.

92 filings · 2,834 latest values · 2,834 originally reported values

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

Identifiers: 0001625101, 1625101, PLSE, edgar:1625101, plse

Also known as Electroblate, Inc., PULSE BIOSCIENCES, INC., Pulse Biosciences, Inc., Pulse Biosciences, Inc.