Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of AtriCure.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $465.31M | $399.25M | $330.38M | $274.33M | $206.53M | $230.81M | $201.63M | $174.72M | $155.11M | $129.75M |
| Cost of Revenue | $117.78M | $98.88M | $84.44M | $68.47M | $57.22M | $60.47M | $54.51M | $48.55M | $44.01M | $36.88M |
| Gross Profit | $347.52M | $300.37M | $245.94M | $205.86M | $149.31M | $170.34M | $147.12M | $126.16M | $111.10M | $92.88M |
| Gross Profit Ratio | 74.69% | 75.23% | 74.44% | 75.04% | 72.29% | 73.80% | 72.97% | 72.21% | 71.63% | 71.58% |
| Research and Development Expenses | $96.18M | $73.92M | $57.34M | $48.51M | $43.07M | $41.23M | $34.72M | $34.14M | $35.82M | $25.74M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $129.52M | $117.00M | $106.42M | $93.85M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $291.36M | $253.14M | $231.27M | $204.65M | $150.47M | $162.23M | $129.52M | $117.00M | $106.42M | $93.85M |
| Other Expenses | $- | $- | $-3.53M | $-4.82M | $-3.81M | $-1.87M | $-3.78M | $-1.90M | $-2.16M | $-456.00K |
| Operating Expenses | $387.54M | $327.05M | $288.61M | $253.16M | $193.54M | $203.46M | $164.25M | $151.14M | $142.24M | $119.59M |
| Cost and Expenses | $505.32M | $425.93M | $373.05M | $321.62M | $250.76M | $263.93M | $218.76M | $199.69M | $186.25M | $156.47M |
| Interest Income | $4.43M | $3.79M | $1.99M | $466.00K | $1.10M | $2.40M | $1.01M | $227.00K | $227.00K | $190.00K |
| Interest Expense | $6.41M | $6.92M | $4.99M | $4.92M | $4.88M | $4.11M | $4.61M | $2.26M | $1.80M | $292.00K |
| Depreciation and Amortization | $18.73M | $14.81M | $11.71M | $10.44M | $9.55M | $9.37M | $8.75M | $9.13M | $9.30M | $6.28M |
| EBITDA | $-18.53M | $-8.11M | $-29.50M | $-36.85M | $-33.61M | $-21.52M | $-7.55M | $-15.49M | $-22.20M | $-20.61M |
| EBITDA Ratio | -3.98% | -2.03% | -8.93% | -13.43% | -16.27% | -9.32% | -3.74% | -8.86% | -14.31% | -15.88% |
| Operating Income | $-40.01M | $-26.68M | $-42.67M | $-47.30M | $-44.23M | $-33.12M | $-17.13M | $-24.98M | $-31.14M | $-26.72M |
| Operating Income Ratio | -8.60% | -6.68% | -12.92% | -17.24% | -21.42% | -14.35% | -8.49% | -14.30% | -20.07% | -20.59% |
| Total Other Income Expenses Net | $-3.66M | $-3.16M | $-3.53M | $-4.82M | $-3.81M | $-1.87M | $-3.78M | $-1.90M | $-2.16M | $-456.00K |
| Income Before Tax | $-43.67M | $-29.85M | $-46.20M | $50.39M | $-48.04M | $-34.99M | $-20.91M | $-26.88M | $-33.30M | $-27.18M |
| Income Before Tax Ratio | -9.39% | -7.48% | -13.98% | 18.37% | -23.26% | -15.16% | -10.37% | -15.38% | -21.47% | -20.94% |
| Income Tax Expense | $1.02M | $591.00K | $268.00K | $188.00K | $114.00K | $199.00K | $226.00K | $14.00K | $40.00K | $36.00K |
| Net Income | $-44.70M | $-30.44M | $-46.47M | $50.20M | $-48.16M | $-35.19M | $-21.14M | $-26.89M | $-33.34M | $-27.21M |
| Net Income Ratio | -9.61% | -7.62% | -14.06% | 18.30% | -23.32% | -15.25% | -10.48% | -15.39% | -21.49% | -20.97% |
| EPS | $-0.95 | $-0.66 | $-1.02 | $1.11 | $-1.14 | $-0.94 | $-0.62 | $-0.83 | $-1.05 | $-0.97 |
| EPS Diluted | $-0.95 | $-0.66 | $-1.02 | $1.09 | $-1.14 | $-0.94 | $-0.62 | $-0.83 | $-1.05 | $-0.97 |
| Weighted Average Shares Outstanding | 47.10M | 46.31M | 45.74M | 45.07M | 42.12M | 37.59M | 34.09M | 32.39M | 31.61M | 28.06M |
| Weighted Average Shares Outstanding Diluted | 47.10M | 46.31M | 45.74M | 46.04M | 42.12M | 37.59M | 34.09M | 32.39M | 31.61M | 28.06M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $122.72M | $84.31M | $58.10M | $43.65M | $41.94M | $28.48M | $32.23M | $21.81M | $24.21M | $23.76M |
| Short Term Investments | $- | $52.98M | $63.01M | $75.44M | $202.27M | $53.32M | $92.17M | $12.64M | $19.80M | $10.81M |
| Cash and Short Term Investments | $122.72M | $137.28M | $121.11M | $119.09M | $244.22M | $81.80M | $124.40M | $34.45M | $44.01M | $34.58M |
| Net Receivables | $60.34M | $52.50M | $42.69M | $33.02M | $23.15M | $28.05M | $25.20M | $23.08M | $21.09M | $19.41M |
| Inventory | $75.33M | $67.90M | $45.93M | $38.96M | $35.03M | $29.41M | $22.48M | $22.45M | $17.66M | $17.66M |
| Other Current Assets | $9.43M | $8.56M | $5.48M | $5.00M | $4.35M | $3.90M | $2.59M | $2.27M | $2.95M | $3.11M |
| Total Current Assets | $267.83M | $266.25M | $215.21M | $196.08M | $306.74M | $143.16M | $174.67M | $82.26M | $85.72M | $74.75M |
| Property Plant Equipment Net | $47.39M | $46.76M | $42.62M | $36.17M | $30.20M | $36.68M | $27.08M | $28.75M | $30.00M | $31.28M |
| Goodwill | $234.78M | $234.78M | $234.78M | $234.78M | $234.78M | $234.78M | $105.26M | $105.26M | $105.26M | $105.26M |
| Intangible Assets | $56.47M | $63.99M | $39.34M | $42.99M | $128.20M | $129.88M | $49.25M | $50.76M | $52.13M | $53.77M |
| Goodwill and Intangible Assets | $291.25M | $298.77M | $274.12M | $277.77M | $362.98M | $364.66M | $154.51M | $156.02M | $157.39M | $159.03M |
| Long Term Investments | $- | $- | $51.51M | $104.34M | $14.18M | $12.68M | $- | $- | $3.00M | $7.71M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $2.87M | $2.16M | $1.99M | $955.00K | $440.00K | $705.00K | $495.00K | $676.00K | $321.00K | $323.00K |
| Total Non-Current Assets | $341.50M | $347.69M | $370.23M | $419.24M | $407.80M | $414.72M | $182.09M | $185.45M | $190.70M | $198.34M |
| Other Assets | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $0 |
| Total Assets | $609.33M | $613.93M | $585.45M | $615.31M | $714.54M | $557.88M | $356.76M | $267.70M | $276.42M | $273.09M |
| Account Payables | $25.03M | $27.35M | $19.90M | $18.60M | $12.74M | $14.95M | $9.66M | $12.43M | $10.67M | $12.74M |
| Short Term Debt | $2.81M | $2.53M | $2.14M | $1.76M | $6.67M | $2.22M | $4.72M | $561.00K | $1.69M | $900.00K |
| Tax Payables | $- | $- | $- | $1.45M | $1.26M | $1.66M | $886.00K | $634.00K | $1.29M | $912.00K |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $886.00K | $634.00K | $1.29M | $912.00K |
| Other Current Liabilities | $45.59M | $44.68M | $36.35M | $34.64M | $28.48M | $31.09M | $24.95M | $18.28M | $15.18M | $17.03M |
| Total Current Liabilities | $73.42M | $74.57M | $58.39M | $56.45M | $49.14M | $49.92M | $40.22M | $31.90M | $28.83M | $31.59M |
| Long Term Debt | $73.72M | $71.96M | $69.08M | $73.89M | $65.58M | $74.20M | $47.74M | $36.86M | $37.20M | $13.71M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $1.21M | $1.23M | $1.23M | $1.22M | $187.42M | $186.42M | $19.42M | $37.77M | $41.95M | $41.11M |
| Total Non-Current Liabilities | $74.94M | $73.19M | $70.30M | $75.11M | $253.01M | $260.62M | $67.16M | $74.64M | $79.15M | $54.82M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 |
| Total Liabilities | $148.36M | $147.76M | $128.69M | $131.56M | $302.14M | $310.54M | $107.38M | $106.54M | $107.98M | $86.41M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $49.00K | $48.00K | $47.00K | $46.00K | $45.00K | $40.00K | $39.00K | $35.00K | $33.00K | $32.00K |
| Retained Earnings | $-401.75M | $-357.06M | $-326.62M | $-280.15M | $-330.35M | $-282.20M | $-247.00M | $-225.87M | $-198.97M | $-165.64M |
| Accumulated Other Comprehensive Income Loss | $-1.03M | $-993.00K | $-4.10M | $-948.00K | $312.00K | $-158.00K | $-199.00K | $34.00K | $-468.00K | $-611.00K |
| Other Total Stockholders Equity | $863.71M | $824.17M | $787.42M | $764.81M | $742.39M | $529.66M | $496.54M | $386.96M | $367.85M | $352.90M |
| Total Stockholders Equity | $460.97M | $466.17M | $456.75M | $483.76M | $412.39M | $247.34M | $249.38M | $161.17M | $168.44M | $186.69M |
| Total Equity | $460.97M | $466.17M | $456.75M | $483.76M | $412.39M | $247.34M | $249.38M | $161.17M | $168.44M | $186.69M |
| Total Liabilities and Stockholders Equity | $609.33M | $613.93M | $585.45M | $615.31M | $714.54M | $557.88M | $356.76M | $267.70M | $276.42M | $273.09M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $609.33M | $613.93M | $585.45M | $615.31M | $714.54M | $557.88M | $356.76M | $267.70M | $276.42M | $273.09M |
| Total Investments | $- | $52.98M | $114.52M | $179.77M | $216.45M | $65.99M | $92.17M | $12.64M | $22.80M | $18.52M |
| Total Debt | $76.53M | $74.49M | $69.08M | $75.65M | $74.00M | $76.42M | $52.46M | $37.42M | $38.89M | $14.16M |
| Net Debt | $-46.19M | $-9.82M | $10.98M | $31.99M | $32.06M | $47.94M | $20.23M | $15.61M | $14.69M | $-9.60M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $- | $-30.44M | $-46.47M | $50.20M | $-48.16M | $-35.19M | $-21.14M | $-26.89M | $-33.34M | $-27.21M |
| Depreciation and Amortization | $- | $14.81M | $11.71M | $10.44M | $9.55M | $9.37M | $8.75M | $9.13M | $9.30M | $6.28M |
| Deferred Income Tax | $- | $- | $- | $84.78M | $1.51M | $445.00K | $724.00K | $21.00K | $1.11M | $1.43M |
| Stock Based Compensation | $- | $35.73M | $28.77M | $28.08M | $22.64M | $17.98M | $16.50M | $14.62M | $11.70M | $9.00M |
| Change in Working Capital | $- | $-18.24M | $-18.88M | $-4.85M | $-6.64M | $-4.62M | $1.40M | $-2.00M | $-5.08M | $2.60M |
| Accounts Receivables | $- | $- | $-8.99M | $-10.09M | $5.09M | $-3.20M | $-2.84M | $-1.46M | $-1.98M | $-900.00K |
| Inventory | $- | $- | $-7.30M | $-4.27M | $-5.26M | $-5.15M | $-146.00K | $-4.48M | $-79.00K | $-2.95M |
| Accounts Payables | $- | $6.18M | $2.68M | $4.71M | $-1.56M | $2.79M | $-2.40M | $1.29M | $-1.07M | $4.01M |
| Other Working Capital | $- | $-24.42M | $-5.26M | $4.80M | $-4.90M | $947.00K | $6.78M | $2.65M | $-1.95M | $2.44M |
| Other Non Cash Items | $12.20M | $2.62M | $2.72M | $-182.43M | $1.22M | $-3.79M | $-10.41M | $-3.81M | $1.19M | $61.00K |
| Net Cash Provided by Operating Activities | $12.20M | $4.48M | $-22.14M | $-13.78M | $-19.87M | $-15.81M | $-4.17M | $-8.94M | $-15.12M | $-7.84M |
| Investments in Property Plant and Equipment | $- | $-12.00M | $-16.88M | $-9.75M | $-5.26M | $-12.18M | $-6.21M | $-6.38M | $-7.69M | $-24.00M |
| Acquisitions Net | $- | $- | $-44.01M | $-33.26M | $- | $-17.24M | $6.00K | $- | $3.00K | $-7.58M |
| Purchases of Investments | $- | $- | $-24.64M | $-173.10M | $-227.04M | $-73.25M | $-106.59M | $-16.45M | $-28.59M | $-19.52M |
| Sales Maturities of Investments | $- | $63.81M | $85.52M | $206.36M | $75.31M | $100.48M | $27.39M | $26.60M | $24.20M | $40.60M |
| Other Investing Activities | $30.23M | $-30.00M | $44.01M | $33.26M | $800.00K | $39.00K | $6.00K | $10.14M | $3.00K | $-10.55M |
| Net Cash Used for Investing Activities | $30.23M | $21.82M | $44.01M | $23.50M | $-156.20M | $-2.15M | $-85.40M | $3.76M | $-12.08M | $-10.50M |
| Debt Repayment | $-1.67M | $-992.00K | $-899.00K | $-816.00K | $-667.00K | $19.87M | $15.63M | $-1.69M | $24.56M | $77.00K |
| Common Stock Issued | $- | $- | $- | $- | $188.96M | $- | $82.87M | $- | $- | $- |
| Common Stock Repurchased | $-6.95M | $-6.56M | $-12.20M | $-18.01M | $-13.03M | $-9.03M | $-4.46M | $-2.01M | $-1.70M | $-782.00K |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $5.02M | $7.52M | $6.04M | $11.19M | $14.13M | $3.54M | $6.13M | $6.46M | $4.83M | $14.67M |
| Net Cash Used Provided by Financing Activities | $-3.60M | $-32.00K | $-7.06M | $-7.64M | $189.39M | $14.37M | $100.18M | $2.76M | $27.70M | $13.96M |
| Effect of Forex Changes on Cash | $-424.00K | $-58.00K | $-361.00K | $-372.00K | $136.00K | $-163.00K | $-179.00K | $24.00K | $-53.00K | $-238.00K |
| Net Change in Cash | $38.41M | $26.21M | $14.45M | $1.71M | $13.46M | $-3.75M | $10.42M | $-2.40M | $444.00K | $-4.62M |
| Cash at End of Period | $122.72M | $84.31M | $58.10M | $43.65M | $41.94M | $28.48M | $32.23M | $21.81M | $24.21M | $23.76M |
| Cash at Beginning of Period | $84.31M | $58.10M | $43.65M | $41.94M | $28.48M | $32.23M | $21.81M | $24.21M | $23.76M | $28.38M |
| Operating Cash Flow | $12.20M | $4.48M | $-22.14M | $-13.78M | $-19.87M | $-15.81M | $-4.17M | $-8.94M | $-15.12M | $-7.84M |
| Capital Expenditure | $- | $-42.00M | $-16.88M | $-9.75M | $-5.26M | $-12.18M | $-6.21M | $-6.38M | $-7.69M | $-24.00M |
| Free Cash Flow | $12.20M | $-37.51M | $-39.02M | $-23.53M | $-25.13M | $-27.99M | $-10.38M | $-15.33M | $-22.81M | $-31.84M |