electroCore, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $32.0M | $25.2M | $16.0M | $8.6M | $5.5M |
| Cost of revenue | $4.2M | $3.8M | $2.8M | $1.6M | $1.4M |
| Gross profit | $27.8M | $21.4M | $13.2M | $7.0M | $4.1M |
| Selling, general & administrative | $38.2M | $31.2M | $27.2M | $24.3M | $21.6M |
| Research and development | — | $2.4M | $5.3M | $5.5M | $2.5M |
| Operating expenses | $40.9M | $33.6M | $32.5M | $29.9M | $24.1M |
| Operating income | -$13.2M | -$12.2M | -$19.3M | -$22.9M | -$20.0M |
| Interest expense | $14,900 | $18,400 | — | $4,000 | — |
| Pretax income | -$14.0M | -$12.0M | -$19.0M | -$22.6M | -$18.1M |
| Income tax expense | $3,000 | -$93,000 | -$186,000 | -$431,000 | -$851,000 |
| Net income | -$14.0M | -$11.9M | -$18.8M | -$22.2M | -$17.2M |
| Balance Sheet | |||||
| Cash and equivalents | $7.0M | $3.7M | $10.3M | $17.7M | $34.7M |
| Current assets | $15.7M | $16.3M | $14.3M | $21.2M | $37.5M |
| Total assets | $18.7M | $20.5M | $16.1M | $24.8M | $42.8M |
| Current liabilities | $11.3M | $9.2M | $8.1M | $7.0M | $5.5M |
| Total liabilities | $20.4M | $12.9M | $8.7M | $7.7M | $6.2M |
| Stockholders' equity | -$1.7M | $7.5M | $7.4M | $17.1M | $36.6M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.2M | -$6.9M | -$14.7M | -$16.6M | -$13.6M |
| Depreciation and amortization | $501,000 | $760,000 | $962,000 | $548,000 | $382,000 |
| Stock-based compensation | $1.9M | $1.9M | $1.7M | $2.7M | $3.3M |
| Capital expenditure | $66,000 | — | $206,000 | — | — |
| Free cash flow | -$8.3M | — | -$14.9M | — | — |
Shares outstanding 8.3M · Free float 89.5%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.