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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.
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Q3 2025 earnings summary13 Nov, 2025

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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Frequently asked questions

Profound Medical Corp. is a medical technology company that develops and commercializes minimally invasive therapeutic systems for the treatment of various medical conditions. The company utilizes proprietary technology platforms to deliver precision-focused ultrasound treatments that aim to improve patient outcomes. Profound Medical serves healthcare providers, offering solutions for non-invasive and image-guided procedures in therapeutic applications. The company is headquartered in Mississauga, Canada, and its shares are listed on the NASDAQ.

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