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Profound Medical (PROF) investor relations material
Profound Medical Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $5.3 million, up 87% year-over-year, driven by recurring and capital equipment sales, especially in the U.S.
Gross margin improved to 74.3% from 63.1% in Q3 2024, reflecting operational and manufacturing efficiency.
Net loss narrowed to $8.0 million ($0.26/share), a 15% improvement year-over-year.
TULSA-PRO installed base reached 70, with expectations to surpass 75 by year-end and robust commercial momentum.
Expanded global distribution with new agreements in Canada, Saudi Arabia, Australia, and New Zealand.
Financial highlights
Q3 2025 revenue: $5.3 million (recurring: $4.1 million; capital equipment: $1.2 million).
Gross profit for the quarter: $3.9 million, up from $1.8 million in Q3 2024.
Operating expenses rose to $12.8 million from $10.8 million year-over-year, mainly due to R&D, SG&A, and increased headcount.
Cash balance at quarter-end: $24.8 million.
Net cash used in operating activities for nine months: $31.6 million.
Outlook and guidance
Management maintains a 70% annual revenue growth target and expects positive momentum into Q4 2025.
Cash burn expected to decline as revenue and margins grow, but current cash is insufficient for the next 12 months.
Projected breach of a key liquidity covenant by June 30, 2026, could trigger immediate debt repayment.
Additional financing is being sought to fund operations.
Expenses are expected to increase due to commercialization and R&D investments.
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