PLSENasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31

PULSE BIOSCIENCES, INC.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$47.55+3.12 (+7.02%)

Close on Oct 19, 2026

Market cap: $3.29B
P/E (TTM): –
Dividend yield: –

PULSE BIOSCIENCES, INC. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	1.19	0.75	0.35	0.09	0	0	0	0	0	0	0	–	–	–	–	1.55	2.13	–	1.42	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Cost of Revenue	1.18	0.91	0.54	0.28	0	–	0	–	–	–	0	1.29	9.69	11	12	12	4.22	–	1.97	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross Profit	0.00	-0.16	-0.19	-0.19	0	–	0	–	–	–	0	–	–	–	–	-10	-2.09	–	-0.55	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Research & Development	52	47	45	44	41	36	32	29	29	29	28	24	21	20	21	22	24	26	29	30	31	29	26	26	25	25	25	23	22	20	17	15	13	11	9.65	8.43	7.06	6.36	5.51	4.81
Selling, General & Admin	31	31	32	34	31	–	24	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
General & Administrative	–	–	–	–	31	28	24	19	17	16	16	14	13	13	14	17	18	18	19	18	18	18	16	19	21	22	17	19	19	19	20	22	21	20	16	11	7.37	4.12	3.42	2.81
Advertising Expenses	–	–	–	–	–	–	–	–	–	–	0	0.77	2.79	6.48	12	15	17	16	15	13	11	9.71	7.26	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	60	57	50	50	49	49	48	43	42	40	38	38	34	31	26	20	15	11	9.59	8.28
Total Costs & Expenses	84	79	77	79	72	64	56	49	46	45	44	40	47	51	59	66	63	64	64	62	60	–	50	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Income	-83	-78	-77	-79	-72	-64	-56	-49	-46	-45	-44	-40	-47	-50	-58	-65	-61	-62	-63	-61	-60	–	-50	–	–	–	-48	-42	-41	-39	-38	-37	-34	-31	-26	-20	-15	-11	-9.52	-8.24
Other Non-Operating Income	2.99	3.48	4.16	4.21	4.21	3.44	2.67	2.40	2.11	2.08	1.36	0.31	-0.39	-0.69	-0.45	0.00	0.00	-0.53	-0.65	-0.63	-0.62	–	0.11	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	0.10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.12	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	–	–	–	–	39	47	54	-46	-44	-43	-42	-39	-47	-51	-59	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Income Tax Expense	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income	-80	-75	-73	-75	-68	-60	-54	-46	-44	-43	-42	-39	-47	-51	-59	-65	-61	-62	-64	-62	-61	-57	-50	-50	-49	-49	-47	-42	-41	-39	-38	-37	-34	-31	-26	-20	-15	-11	-9.52	-7.73
EPS (Basic)(per share)	-1.18	-1.10	-1.08	-1.13	-1.05	-0.97	-0.92	-0.80	-0.78	-0.80	-0.85	-0.92	-1.22	-1.44	-1.72	-2.03	-2.02	-2.16	-2.28	-2.31	-2.34	-2.29	-2.14	-2.27	-2.33	-2.35	-2.26	-2.12	-2.19	-2.18	-2.20	-2.22	-2.10	-1.99	-1.73	-1.39	-1.08	-0.88	-0.86	-0.79
EPS (Diluted)(per share)	-1.18	-1.10	-1.08	-1.13	-1.05	-0.97	-0.90	-0.80	-0.78	-0.80	-0.88	-0.92	-1.22	-1.44	-1.76	-2.03	-2.02	-2.16	-2.28	-2.31	-2.34	-2.29	-2.14	-2.27	-2.33	-2.35	-2.26	-2.12	-2.19	-2.18	-2.20	-2.22	-2.10	-1.99	-1.73	-1.39	-1.08	-0.88	-0.86	-0.79
Shares Outstanding (Basic, Weighted)(shares)	68	68	67	66	64	62	58	58	57	54	50	44	39	36	34	32	30	29	28	27	26	25	23	22	21	21	21	20	19	18	17	17	16	16	15	14	14	13	11	9.56
Shares Outstanding (Diluted, Weighted)(shares)	68	68	67	66	64	62	58	58	57	54	50	44	39	36	34	32	30	29	28	27	26	25	23	22	21	21	21	20	19	18	17	17	16	16	15	14	14	13	11	9.56
Net Interest Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.62	-0.08	0.11	0.25	0.46	0.73	0.98	0.95	0.85	0.69	0.42	0.44	0.36	0.26	0.25	0.15	0.15	0.11	0.07	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 0.3%
Operating margin: -7007.8%
Net margin: -6755.8%
Return on equity, FY2025: -74.4%

Financial strength

Current ratio: 9.63
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 925.7%

Valuation

P/E ratio: –
Price to sales: 2776.76
Price to book: 33.07
Dividend yield: –