Apyx Medical (APYX) Financial Statements & Analysis

Apyx Medical (APYX) Income Statement

Apyx Medical reported revenue of $52.84M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 9.9% from $48.10M a year earlier. Apyx Medical posted a net loss of $11.21M, compared with a net loss of $23.46M a year earlier. Gross margin was 62.5% and operating margin -12.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $13.88M, up 22.1% from the same quarter a year earlier.

Apyx Medical Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Apyx Medical Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	52.84	48.10	52.35	44.51	48.52	27.71	27.71	28.24	16.69	38.88
Cost of Revenue	19.80	18.74	18.59	15.38	14.92	10.21	10.21	9.14	5.89	19.12
Gross Profit	33.04	29.36	33.76	29.13	33.60	17.50	17.50	19.09	10.79	19.76
Operating Expenses
Research & Development	3.37	5.08	5.44	4.54	4.32	3.92	3.92	3.73	2.47	2.46
Selling, General & Administrative	36.12	43.13	48.27	48.15	43.73	33.67	33.67	36.23	21.18	21.05
Operating Expenses	39.49	48.21	53.71	52.69	48.05	37.59	37.59	39.96	23.65	23.50
Operating Income	-6.45	-18.85	-19.95	-23.56	-14.45	-20.08	-20.08	-20.87	-13.60	-5.27
Other Income/Expense
Interest Income	1.11	1.61	0.92	0.16	0.01	0.24	0.24	1.39	0.62	0.00
Interest Expense	5.59	5.91	2.48	0.02	0.01	0.05	-0.05	0.01	0.10	0.14
Other Income/Expense	-4.39	-4.46	0.23	0.65	-0.37	0.67	0.48	1.03	-1.09	-8.57
Income
Income Before Tax	-10.84	-23.31	-21.28	-22.91	-14.82	-19.41	-19.41	-19.84	-13.27	-5.22
Income Tax Expense	0.27	0.25	-2.43	0.37	0.38	-7.50	-7.50	-0.13	-3.78	-0.16
Net Income	-11.21	-23.46	-18.71	-23.18	-15.17	-11.90	-11.90	-19.71	64.01	-5.06
Net Income - Continuous Operations	-11.11	-23.46	-18.85	-23.18	-15.17	-11.90	-	-19.71	64.01	-5.06
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	-5.79	-16.80	-18.11	-22.01	-13.91	-18.48	-19.20	-19.07	-13.92	-13.01
EBIT	-6.45	-17.40	-18.80	-23.31	-14.45	-	-20.08	-	-	-
Depreciation & Amortization	0.66	0.60	0.69	0.89	0.90	0.89	0.89	0.75	0.67	0.70
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-1.00	-	-	-	-1.00	2.00	-
Diluted EPS	-	-1.00	-1.00	-1.00	-	-	-	-1.00	2.00	-
Basic Shares Outstanding	41.10	35.54	34.62	34.52	34.33	34.21	34.21	34.07	33.19	31.42
Diluted Shares Outstanding	41.10	35.54	34.62	34.52	34.33	34.21	34.21	34.07	34.37	31.43

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Apyx Medical Financial Statements

What was Apyx Medical's revenue in fiscal 2025?

Apyx Medical reported revenue of $52.84M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 9.9% from $48.10M a year earlier.

Is Apyx Medical profitable?

No. Apyx Medical reported a net loss of $11.21M in fiscal 2025. In fiscal 2024 it lost $23.46M.

What is Apyx Medical's operating margin?

Apyx Medical's operating income was −$6.45M on revenue of $52.84M in fiscal 2025, an operating margin of -12.2%, compared with -39.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition