Profound Medical Corp. (PROF)
Profound Medical Corp., through its subsidiaries, is a commercial-stage medical technology firm specializing in the development of magnetic resonance (MR)-guided ablation solutions. These innovative procedures are designed to treat conditions such as prostate disease and uterine fibroids, as well as providing palliative pain relief. The company markets its solutions across Canada, Germany, the United States, and Finland. Its flagship product, the TULSA-PRO system, is specifically designed for use with magnetic resonance imaging (MRI) scanners within hospital settings and other treatment centers. Additionally, Profound Medical offers Sonalleve, a therapeutic platform that addresses uterine fibroids – including through non-invasive methods – and provides palliative relief for pain linked to bone metastases. The company's primary operations are headquartered in Mississauga, Canada.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Profound Medical Corp.
NASDAQ:PROFHealthcare · Medical - Devices
+12.12%$6.57
AH$6.57+0.00%vs close
Mkt Cap$240.02M
Float35.63M
O/S36.53M
Vol
$ Vol
RVOL
Inst Own44.1%
SI4.4%
Earnings
Dilution
Financials Summary
Revenue$16.38M
Net Income-$43.32M
Total Assets$192.94M
Free Cash Flow-$39.05M
Debt & Equity
Debt 7%
Equity 93%
Total Debt$6.45M
Total Equity$90.99M
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 1:80Reverse splitFeb 9, 201580 shares → 1
- 24:1Forward splitApr 19, 20121 share → 24
Balance Sheet Details
Assets$192.94M
Liabilities$101.95M
Accounts Receivable$9.86M
Accounts Payable$2.14M
Inventory$11.28M
PP&E (Net)$225K
Goodwill$0
Intangible Assets$138K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $16.38M | $10.17M | $7.2M | $6.68M | $6.87M | $7.3M | $4.17M | $1.91M | $4.9M | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 61.1% | 41.2% | 7.8% | -2.8% | -5.9% | 75.0% | 118.5% | -61.0% | - | - | - | - | - | - |
| Cost of Revenue | $4.79M | $3.47M | $2.82M | $3.66M | $3.92M | $3.83M | $1.78M | $1.31M | $3.03M | $188K | $119K | $81K | $0 | $0 |
| Gross Profit | $11.59M | $6.7M | $4.38M | $3.02M | $2.95M | $3.47M | $2.39M | $605K | $1.87M | -$188K | -$119K | -$81K | $0 | $0 |
| Gross Margin | 70.8% | 65.9% | 60.9% | 45.2% | 43.0% | 47.6% | 57.3% | 31.7% | 38.2% | - | - | - | - | - |
| Research and Development | $20.96M | $16.15M | $14.38M | $14.69M | $15.28M | $9.91M | $9.4M | $7.54M | $7.66M | $7.43M | $3.7M | $2.31M | $2.78M | $3.05M |
| Selling, General, and Administrative | $32.61M | $22.02M | $18.62M | $17.93M | $17.97M | $12.43M | $7.9M | $7.89M | $7.84M | $4.2M | $4.39M | $1.95M | $1.37M | $1.36M |
| Other | $0 | $0 | $0 | $2.52M | $0 | $0 | $0 | $4K | $3.61M | $4.61M | $3.99M | $779K | $0 | $3.25M |
| Total Operating Expenses | $53.57M | $38.17M | $33M | $35.15M | $33.24M | $22.34M | $17.29M | $15.43M | $19.12M | $16.24M | $12.08M | $5.04M | $4.15M | $7.67M |
| Operating Income (EBIT) | -$41.98M | -$31.47M | -$28.62M | -$32.13M | -$30.29M | -$18.86M | -$14.9M | -$14.83M | -$17.15M | -$16.24M | -$12.08M | -$4.66M | -$4.15M | -$2.63M |
| Operating Margin | -256.3% | -309.6% | -397.5% | -480.9% | -440.7% | -258.3% | -357.1% | -776.0% | -349.7% | - | - | - | - | - |
| Interest Expense | $0 | $0 | $770K | $167K | $66K | $543K | $1.04M | $755K | $1.07M | $616K | $4.05M | $143K | $0 | $0 |
| Interest Income | $1.09M | $1.37M | $1.64M | $1.05M | $203K | $692K | $363K | $355K | $102K | $117K | $99K | $9K | $0 | $1.31M |
| Other Income (Expense) | -$1.08M | $4.99M | -$81K | $3.74M | -$303K | -$2.71M | -$171K | -$248K | -$1.6M | -$71K | -$5.02M | -$3.44M | -$9.87M | -$6.35M |
| Income Before Tax (EBT) | -$43.06M | -$26.48M | -$28.7M | -$28.38M | -$30.59M | -$21.58M | -$15.07M | -$15.07M | -$18.75M | -$16.31M | -$17.1M | -$8.1M | -$14.01M | -$8.98M |
| Income Tax Expense | $256K | -$2K | -$128K | $287K | $105K | $45K | $147K | $169K | $74K | $14K | -$523K | $267K | $206K | $158K |
| Net Income | -$43.32M | -$26.48M | -$28.57M | -$28.67M | -$30.7M | -$21.62M | -$15.22M | -$15.24M | -$19.1M | -$12.15M | -$11.8M | -$8.2M | -$14.22M | -$9.14M |
| Net Income Margin | -264.4% | -260.4% | -396.8% | -429.1% | -446.7% | -296.0% | -364.7% | -797.9% | -389.4% | - | - | - | - | - |
| Supplementary Data | ||||||||||||||
| EPS | -1.43 | -1.07 | -1.35 | -1.38 | -1.50 | -1.25 | -1.39 | -1.52 | -2.44 | -3.93 | -6.91 | -37.86 | -65.62 | -42.17 |
| Diluted EPS | -1.43 | -1.07 | -1.35 | -1.38 | -1.50 | -1.25 | -1.39 | -1.52 | -2.44 | -3.93 | -6.91 | -37.86 | -65.62 | -42.17 |
| Weighted Average OS | 30.23M | 24.77M | 21.18M | 20.83M | 20.46M | 17.29M | 11.09M | 10.04M | 6.14M | 4.15M | 2.37M | 216,676 | 216,677 | 216,677 |
| EBITDA | -$41.41M | -$25.55M | -$27M | -$26.6M | -$28.65M | -$19.5M | -$12.53M | -$18.96M | -$16.22M | -$15.57M | -$11.14M | -$6.31M | -$2.99M | -$2.52M |
| EBITDA Margin | -252.8% | -251.3% | -375.0% | -398.2% | -416.8% | -266.9% | -300.1% | -992.4% | -330.6% | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $81.8M | $54.91M | $26.21M | $46.52M | $67.06M | $83.91M | $14.82M | $22.53M | $8.83M | $15.5M | $10.51M | $1.71M | $606K | $578K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $81.8M | $54.91M | $26.21M | $46.52M | $67.06M | $83.91M | $14.82M | $30.69M | $8.83M | $15.5M | $20.52M | $1.71M | $606K | $578K |
| Accounts Receivable | $9.86M | $7.04M | $7.29M | $6.34M | $1.41M | $7.43M | $3.31M | $1.52M | $3.57M | $266K | $173K | $1.22M | $0 | $0 |
| Inventory | $11.28M | $5.8M | $6.99M | $7.94M | $7.4M | $5.33M | $3.67M | $3.63M | $1.14M | $310K | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.27M | $0 | $0 | $0 | $1.15M | $1.07M | $1.03M | $1.65M | $0 | $129K | $93K | -$1.5M | $1.69M | $1.4M |
| Total Current Assets | $104.21M | $69.06M | $41.9M | $62.02M | $77.02M | $97.74M | $22.84M | $37.92M | $14M | $16.72M | $20.93M | $1.47M | $2.34M | $1.98M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $225K | $821K | $1.57M | $1.72M | $1.9M | $2.28M | $2.22M | $886K | $1.37M | $709K | $165K | $168K | $195K | $200K |
| Goodwill | $0 | $0 | $0 | $0 | $2.69M | $2.68M | $2.63M | $2.5M | $2.71M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $138K | $261K | $490K | $680K | $1.43M | $1.9M | $2.41M | $2.95M | $4.09M | $195K | $23K | $33K | $43K | $75K |
| Long-Term Investments | $411K | $0 | $0 | $0 | $3.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $87K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $87.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $73K | $12K | $0 | $0 |
| Total Long-Term Assets | $88.73M | $1.17M | $2.06M | $2.4M | $9.64M | $6.86M | $7.27M | $6.34M | $8.17M | $904K | $261K | $214K | $237K | $275K |
| Other Assets | $0 | -$10 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$214K | $0 | $0 |
| Total Assets | $192.94M | $70.23M | $43.96M | $64.42M | $86.66M | $104.6M | $30.11M | $46.4M | $22.17M | $17.63M | $21.16M | $1.47M | $2.57M | $2.25M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $2.14M | $1.32M | $865K | $2.03M | $3.18M | $3.38M | $3.03M | $2.87M | $4.04M | $1.32M | $980K | $9K | $221K | $198K |
| Short-Term Debt | $292K | $1.74M | $2.1M | $523K | $250K | $312K | $4.17M | $984K | $4.84M | $2.89M | $287K | $830K | $500K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $298K | $0 | $13K | $12K | $218K | $58K | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $419K | $721K | $471K | $476K | $358K | $505K | $229K | $245K | $193K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.83M | $1.03M | $1.42M | $621K | $248K | $744K | $522K | $1.48M | -$655K | -$728K | -$354K | -$830K | $0 | $198K |
| Total Current Liabilities | $8.32M | $6.57M | $6.37M | $4.18M | $4.15M | $4.81M | $8.24M | $5.79M | $8.53M | $3.68M | $913K | $103K | $721K | $198K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $6.16M | $2.92M | $5M | $6.65M | $0 | $0 | $5.18M | $10.62M | $353K | $3.78M | $4.01M | $1.95M | $8.65M | $5.92M |
| Long-Term Unearned Revenue | $531K | $49K | $728K | $764K | $874K | $1.08M | $640K | $0 | $285K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $86.83M | $0 | $59K | $0 | $0 | $0 | $0 | $0 | -$285K | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $108K | $71K | $73K | $0 | $0 | $0 | $15K | $1.43M | $2.04M | $150K | $287K | $726K | $23.15M | $0 |
| Total Long-Term Liabilities | $93.63M | $3.25M | $6.36M | $8.23M | $2M | $2.44M | $7.48M | $12.04M | $2.4M | $3.93M | $4.29M | $2.68M | $31.8M | $5.92M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.68M | $0 | $0 |
| Total Liabilities | $101.95M | $9.81M | $12.73M | $12.42M | $6.15M | $7.25M | $15.71M | $14.63M | $10.93M | $6.59M | $5.21M | $103K | $32.52M | $18.42M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $443.54M | $281.55M | $222.21M | $205.82M | $219.28M | $211.53M | $100.46M | $120.93M | $78.22M | $61.95M | $67.08M | $1.54M | $40K | $40K |
| Retained Earnings | -$394.1M | -$245.17M | -$217.35M | -$189.36M | -$160.48M | -$129.99M | -$101.07M | -$111.03M | -$71.79M | -$53.16M | -$55.12M | -$453K | -$30.57M | -$16.57M |
| Comprehensive Income & Other | $6.88M | $2.74M | $5.57M | $16.84M | $4.74M | $4.57M | -$90K | -$29K | -$46K | $8K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $41.55M | $24.04M | $26.37M | $35.54M | $21.7M | $15.82M | $15.01M | $16.73M | $4.81M | $2.24M | $2M | $277K | $576K | $360K |
| Total Equity | $90.99M | $60.42M | $31.22M | $52M | $80.51M | $97.35M | $14.39M | $26.63M | $11.25M | $11.04M | $13.96M | $1.37M | -$29.95M | -$16.17M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $192.94M | $70.23M | $43.96M | $64.42M | $86.66M | $104.6M | $30.11M | $41.25M | $22.17M | $17.63M | $19.17M | $1.47M | $2.57M | $2.25M |
| Supplementary Data | ||||||||||||||
| Total Debt | $6.45M | $5.12M | $7.87M | $8.23M | $1.38M | $1.68M | $10.99M | $8.78M | $4.09M | $4.94M | $5.84M | $2.78M | $9.15M | $0 |
| Net Debt | -$75.34M | -$49.79M | -$18.35M | -$38.29M | -$65.69M | -$82.24M | -$3.84M | -$13.75M | -$4.74M | -$10.56M | -$3.37M | $1.07M | $8.55M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$42.57M | -$27.82M | -$28.32M | -$28.67M | -$30.7M | -$21.62M | -$15.57M | -$15.24M | -$14.97M | -$12.15M | -$11.8M | -$8.2M | -$14.22M | -$9.14M |
| Depreciation & Amortization | $570K | $936K | $929K | $1.6M | $1.88M | $1.54M | $1.51M | $1.23M | $693K | $180K | $86K | $85K | $114K | $103K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$71K | $0 | $8K | -$1.55M | $0 | $0 | $0 |
| Stock-Based Compensation | $5.49M | $2.58M | $3.42M | $4.24M | $7.21M | $3.02M | $0 | $797K | $1.06M | $745K | $465K | $190K | $220K | $277K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$175K | $186K | -$956K | -$1.42M | $2M | -$3.85M | -$873K | $1.15M | -$3.17M | -$612K | $0 | $0 | $0 | $0 |
| Inventory | -$2.87M | $656K | $353K | -$1.86M | -$2.49M | -$2.14M | -$874K | -$1.62M | -$807K | -$310K | $0 | $0 | $0 | $0 |
| Accounts Payable | $385K | $815K | $1.35M | -$566K | -$356K | $102K | -$19K | -$857K | $2.68M | $577K | $0 | $0 | $0 | $0 |
| Other Working Capital | $919K | -$1.07M | -$211K | -$1.77M | -$26K | $1.25M | -$1.39M | $332K | $795K | $193K | $147K | $0 | $145K | $0 |
| Total Working Capital Change | -$1.74M | $591K | $540K | -$5.63M | -$877K | -$4.63M | -$3.15M | -$991K | -$502K | -$152K | $147K | $0 | $145K | $0 |
| Other Non-Cash Items | -$623K | $255K | $828K | $2.66M | $132K | $1.13M | $1.77M | $847K | -$1.14M | -$3.14M | $7.71M | $5.05M | $10.54M | $5.7M |
| Net Cash from Operating | -$38.88M | -$23.45M | -$22.61M | -$25.8M | -$22.36M | -$20.57M | -$15.45M | -$13.43M | -$14.85M | -$14.5M | -$4.94M | -$2.88M | -$3.2M | -$3.06M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$338K | $0 | $0 | $0 | -$32K | -$350K | -$193K | $0 | -$370K | -$1.1M | -$120K | -$61K | -$80K | -$219K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$424K | $0 | $834K | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.21M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.07M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $92K | $0 | $0 | $0 | -$561K | $0 | $0 | $0 | -$204K | -$66K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$246K | $0 | $0 | $0 | -$593K | -$350K | -$193K | $0 | -$997K | $8.91M | -$6.49M | -$61K | -$80K | -$219K |
| Financing Activities | ||||||||||||||
| Debt Repaid | $1.33M | $2.56M | $912K | -$6.92M | $386K | $9.61M | $12K | -$9.05M | $2.29M | $213K | -$3.93M | -$837K | -$337K | - |
| Common Stock Issuance | $43.19M | $62.11M | $0 | $0 | $0 | $85.52M | $8.08M | $25.33M | $7.95M | $12.95M | $17.3M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$4.85M | $2.67M | $114K | $6.33M | $11.52M | -$1.27M | -$6.57M | -$604K | -$73K | -$2.5M | -$46K | $2.98M | $1.08M |
| Net Cash from Financing | $41.86M | $54.7M | $1.76M | $7.03M | $5.95M | $87.43M | $6.8M | $27.81M | $6.12M | $15.9M | $18.73M | $2.74M | $3.31M | $1.08M |
| Forex Effect | $2M | -$2.54M | $549K | -$1.87M | $244K | $2.6M | $1.2M | $0 | $0 | $0 | $0 | $2.94M | $0 | $0 |
| Net Change in Cash | $4.73M | $28.7M | -$20.3M | -$20.64M | -$16.76M | $69.11M | -$7.64M | $14.38M | -$9.73M | $10.31M | $7.29M | $2.74M | $606K | $578K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$38.88M | -$23.45M | -$22.61M | -$25.8M | -$22.36M | -$20.57M | -$15.45M | -$13.43M | -$15.07M | -$10.79M | -$4.94M | -$2.88M | -$3.2M | -$3.06M |
| Capital Expenditure | -$179K | $0 | $0 | $0 | -$593K | -$350K | $0 | $0 | -$370K | -$809K | -$120K | -$61K | -$80K | -$219K |
| Free Cash Flow | -$39.05M | -$23.45M | -$22.61M | -$25.8M | -$22.95M | -$20.92M | -$15.45M | -$13.43M | -$12.18M | -$11.6M | -$5.06M | -$2.94M | -$3.28M | -$3.28M |
| Cash at Beginning | $54.91M | $26.21M | $46.52M | $67.15M | $83.91M | $14.8M | $22.47M | $8.15M | $20.83M | $7.83M | $293K | $606K | $0 | $0 |
| Cash at End | $59.72M | $54.91M | $26.21M | $46.52M | $67.15M | $83.91M | $14.82M | $22.53M | $11.1M | $15.5M | $7.58M | $3.35M | $606K | $578K |