Hyperfine, 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 | $13.6M | $12.9M | $11.0M | $6.8M | $1.5M |
| Cost of revenue | $6.8M | $7.0M | $6.3M | $5.9M | $2.7M |
| Gross profit | $6.8M | $5.9M | $4.8M | $907,000 | -$1.2M |
| Research and development | $17.5M | $22.5M | $22.5M | $28.2M | $25.8M |
| Operating expenses | $43.8M | $49.1M | $52.9M | $74.8M | $63.7M |
| Operating income | -$37.1M | -$43.2M | -$48.1M | -$73.9M | -$64.9M |
| Pretax income | -$35.6M | -$40.7M | -$44.2M | -$73.2M | -$64.9M |
| Income tax expense | $0 | $0 | $0 | $0 | $0 |
| Net income | -$35.6M | -$40.7M | -$44.2M | -$44.2M | -$64.9M |
| Balance Sheet | |||||
| Cash and equivalents | $35.1M | $37.6M | $75.2M | $117.5M | $188.5M |
| Current assets | $50.9M | $53.7M | $88.9M | $128.7M | $197.5M |
| Total assets | $55.3M | $58.9M | $94.2M | $134.1M | $202.5M |
| Current liabilities | $11.7M | $8.7M | $8.8M | $8.8M | $15.7M |
| Total liabilities | $14.3M | $9.9M | $9.8M | $10.3M | $16.2M |
| Stockholders' equity | $41.0M | $49.0M | $84.4M | $123.7M | $186.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$27.9M | -$38.8M | -$41.8M | -$72.3M | -$47.2M |
| Depreciation and amortization | $1.1M | $1.0M | $1.1M | $1.0M | $726,000 |
| Stock-based compensation | $2.8M | $4.4M | $4.7M | $10.7M | $6.9M |
| Capital expenditure | $1.2M | $383,000 | $804,000 | $585,000 | $2.7M |
| Free cash flow | -$29.1M | -$39.1M | -$42.6M | -$72.9M | -$49.9M |
| Dividends paid | — | — | — | — | $0 |
| Impairments | $0 | $0 | $0 | $80,000 | $0 |
Shares outstanding 99.3M · Free float 59.9%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.