• Income Statement
• Balance Sheet
• Cash Flow
• Ratios
• Market Data
• Valuation

	Picard Medical, Inc. (PMI)
	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014
Balance Sheet Date		2026-Jun-30	2026-Mar-31	2025-Dec-31	2025-Sep-30	2025-Jun-30
Fiscal Period		Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025
Close Price of Common Stock	8.57$	0.17$	0.99$	1.75$	8.65$
Market Cap of Common Stock	20,030,400$	15,376,249$	74,351,571$	128,977,058$	637,515,172$
QoQ%	30.27%	(79.32%)	(42.35%)	(79.77%)
YoY%	(96.86%)
Common Shares Outstanding	2,338,634	2,055,277	75,264,045	1,474,024	73,701,176	9,286,235	192,782	7,943,585	9,286,235	7,943,585
QoQ%	13.79%	(97.27%)	5,006.03%	(98.00%)	693.66%	4,716.96%	(97.57%)	(14.46%)	16.90%
YoY%	(96.83%)	(77.87%)	38,941.01%	(81.44%)	693.66%	16.90%
Price to Sales	3.18x	2.44x	13.58x	26.07x	133.54x
Price to Earnings	-	-	-	-	-
Price to Book	11.67x	8.96x	-	34.04x	80.01x
Total Revenue		2,954,000$	1,150,000$	1,009,000$	1,187,000$	2,131,000$	620,000$	836,000$	881,000$	694,000$
QoQ%		156.87%	13.97%	(15.00%)	(44.30%)	243.71%	(25.84%)	(5.11%)	26.95%
YoY%		38.62%	85.48%	20.69%	34.73%	207.06%
TTM		6,300,000$	5,477,000$	4,947,000$	4,774,000$	4,468,000$	3,031,000$
TTM_QoQ%		15.03%	10.71%	3.62%	6.85%	47.41%
TTM_YoY%		41.00%	80.70%
Gross Margin		20.85%	23.91%	40.73%	(10.95%)	(5.96%)	(57.74%)	16.27%	(76.39%)	(55.04%)
QoQ		(3.06%)	(16.82%)	51.69%	(4.99%)	51.78%	(74.01%)	92.66%	(21.35%)
YoY		26.81%	81.66%	24.47%	65.44%	49.08%
Operating Income		(4,629,000$)	(4,511,000$)	(3,003,000$)	(3,487,000$)	(3,521,000$)	(3,246,000$)	(3,572,000$)	(4,444,000$)	(3,824,000$)
QoQ%		(2.62%)	(50.22%)	13.88%	.97%	(8.47%)	9.13%	19.62%	(16.21%)
YoY%		(31.47%)	(38.97%)	15.93%	21.54%	7.92%
TTM		(15,630,000$)	(14,522,000$)	(13,257,000$)	(13,826,000$)	(14,783,000$)	(15,086,000$)
TTM_QoQ%		(7.63%)	(9.54%)	4.12%	6.47%	2.01%
TTM_YoY%		(5.73%)	3.74%
Operating Margin		(156.70%)	(392.26%)	(297.62%)	(293.77%)	(165.23%)	(523.55%)	(427.27%)	(504.43%)	(551.01%)
QoQ		235.56%	(94.64%)	(3.86%)	(128.54%)	358.32%	(96.28%)	77.15%	46.58%
YoY		8.53%	131.29%	129.65%	210.66%	385.78%
Net Income		(5,660,000$)	(7,616,000$)	(4,291,000$)	(10,426,000$)	(6,724,000$)	(5,561,000$)	(8,838,000$)	(6,206,000$)	(4,057,000$)
QoQ%		25.68%	(77.49%)	58.84%	(55.06%)	(20.91%)	37.08%	(42.41%)	(52.97%)
YoY%		15.82%	(36.95%)	51.45%	(68.00%)	(65.74%)
TTM		(27,993,000$)	(29,057,000$)	(27,002,000$)	(31,549,000$)	(27,329,000$)	(24,662,000$)
TTM_QoQ%		3.66%	(7.61%)	14.41%	(15.44%)	(10.81%)
TTM_YoY%		(2.43%)	(17.82%)
Profit Margin		(191.61%)	(662.26%)	(425.27%)	(878.35%)	(315.53%)	(896.94%)	(1,057.18%)	(704.43%)	(584.58%)
QoQ		470.66%	(236.99%)	453.08%	(562.82%)	581.40%	160.24%	(352.75%)	(119.85%)
YoY		123.93%	234.67%	631.90%	(173.92%)	269.05%
Equity to Common Shareholders		1,716,000$	(1,448,000$)	3,789,000$	7,968,000$	(54,493,000$)	(48,922,000$)	(44,001,000$)	(35,398,000$)	(29,635,000$)
QoQ		3,164,000$	(5,237,000$)	(4,179,000$)	62,461,000$	(5,571,000$)	(4,921,000$)	(8,603,000$)	(5,763,000$)
QoQ%		218.51%	(138.22%)	(52.45%)	114.62%	(11.39%)	(11.18%)	(24.30%)	(19.45%)
YoY		56,209,000$	47,474,000$	47,790,000$	43,366,000$	(24,858,000$)
YoY%		103.15%	97.04%	108.61%	122.51%	(83.88%)
Dividends Paid
Additional Paid-In Capital QoQ		8,809,000$	2,353,000$	121,000$	72,913,000$
Treasury Stock
QoQ
Goodwill		615,000$	615,000$	615,000$	615,000$	615,000$		615,000$
QoQ%		.00%	.00%	.00%	.00%
YoY%		.00%		.00%
Other Intangible Assets		465,000$	487,000$	509,000$	531,000$	553,000$		596,000$
QoQ		(22,000$)	(22,000$)	(22,000$)	(22,000$)
Amortization of Intangible Assets		22,000$	22,000$	22,000$	22,000$		22,000$		33,000$
Total Assets		9,167,000$	11,220,000$	22,548,000$	13,521,000$	11,703,000$		12,106,000$
QoQ		(2,053,000$)	(11,328,000$)	9,027,000$	1,818,000$
YoY		(2,536,000$)		10,442,000$
Total Liabilities		7,451,000$	12,668,000$	18,759,000$	5,553,000$	45,931,000$		35,842,000$
QoQ		(5,217,000$)	(6,091,000$)	13,206,000$	(40,378,000$)
YoY		(38,480,000$)		(17,083,000$)
Current Ratio		1.02x	.75x	1.11x	2.16x	.21x		.28x
Total Current Assets		7,592,000$	9,509,000$	20,726,000$	11,588,000$	9,643,000$		9,791,000$
QoQ		(1,917,000$)	(11,217,000$)	9,138,000$	1,945,000$
Total Current Liabilities		7,451,000$	12,659,000$	18,695,000$	5,373,000$	45,636,000$		35,325,000$
QoQ		(5,208,000$)	(6,036,000$)	13,322,000$	(40,263,000$)
Debt to Asset Ratio		.81x	1.13x	.83x	.41x	3.92x		2.96x
Long Term Debt
QoQ
YoY
Capital Lease Obligations				420,000$		366,000$		371,000$
Cash and Cash Equivalents		38,000$	121,000$	7,451,000$	2,813,000$	410,000$		96,000$
QoQ		(83,000$)	(7,330,000$)	4,638,000$	2,403,000$
YoY		(372,000$)		7,355,000$
Interest Expenses		89,000$	5,000$	7,000$	2,404,000$	2,427,000$	555,000$	1,431,000$	1,382,000$	172,000$
Interest Income		0$	0$	0$	0$	0$	0$	0$	0$

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