PLSE

Pulse Biosciences, Inc. Health Care Surgical & Medical Instruments & Apparatus Russell 3000
$52.24Close $3.5BMarket cap $12.66 – $55.4852-week range Nov 5, 2026Next report · after the close

Highlights

Strengths

  • In a stage-2 uptrend all 8 trend conditions pass
  • Leading the market RS 99 · stronger than 99% of stocks over 12 months
  • Volume drying up last 10 days 31% under the 50-day average

Cautions

  • Results soon Nov 5, 2026, in 4 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 6, 2026
Off 12-month high 6%
1wk down 1.5% price change
1mo up 4.6% price change
12-month return up 209% market up 11% · its own up 194%
F-score — — Not assessed
Altman Z 144.58 Low risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 43.9× price / book
Earnings yield down 2.2% EBIT / enterprise value
Cheaper than 13% of the market · expensive
Revenue growth — year on year
EPS growth — latest quarter
Sales growth — latest quarter
ROE down 74% return on equity
Free cash margin down 15553% -$54.4M FCF
D/E — long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest

Trade setup

ATR% 6.1% $3.17 a day · 2×ATR $45.91
RS 99 / 99 vs the universe
Trend 8 / 8 trend template
Relative volume 0.9× vs 50-day average
Up/down volume 1.06 50 sessions
Implied move — no option chain · report Nov 5, 2026
Trend template · 8 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Shareholders diluted The share count rose 2.9% over the year, from 66m to 68m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 6, 2026
Results reaction Aug 6, 2026+11% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $350,000 back to a profit
$0 $2M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $0 FY2021 · $1.4M FY2022 · $700,000 FY2023 · $0 FY2024 · $0 FY2025 · $350,000
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$72.8M
-$100M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$49.9M FY2021 · -$63.7M FY2022 · -$58.5M FY2023 · -$42.2M FY2024 · -$53.6M FY2025 · -$72.8M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$54.4M
-$100M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$35.8M FY2021 · -$54.5M FY2022 · -$47.4M FY2023 · -$33.2M FY2024 · -$36.5M FY2025 · -$54.4M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross -54%
  • Net -20795%
  • Free cash -15553%
-25000% 0% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 FY2021 · Gross -39% · Net -4489% · Free cash -3846% FY2022 · Gross -1606% · Net -8358% · Free cash -6773% FY2023 FY2024 FY2025 · Gross -54% · Net -20795% · Free cash -15553%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $12.5M FY2021 · Cash $44.4M FY2022 · Cash $61.1M · Long-term debt $65.0M FY2023 · Cash $44.4M · Long-term debt $0 FY2024 · Cash $118.0M FY2025 · Cash $80.7M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 67.84m +165.5% since FY2020
67.84m 25.55m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 25.55m FY2021 · 55.14m FY2022 · 37.23m FY2023 · 55.14m FY2024 · 65.93m FY2025 · 67.84m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $0 $1.4M $700,000 $0 $0 $350,000
Gross margin — -39% -1606% — — -54%
Operating income -$50.0M -$63.0M -$58.1M -$43.6M -$56.3M -$76.9M
Net income -$49.9M -$63.7M -$58.5M -$42.2M -$53.6M -$72.8M
Net margin — -4489% -8358% — — -20795%
Earnings per share -$2.14 -$2.28 -$1.72 -$0.85 -$0.92 -$1.08
Free cash flow -$35.8M -$54.5M -$47.4M -$33.2M -$36.5M -$54.4M
Free cash margin — -3846% -6773% — — -15553%
Cash $12.5M $44.4M $61.1M $44.4M $118.0M $80.7M
Long-term debt — — $65.0M $0 — —
Shareholders' equity $22.9M $44.4M -$2.2M $44.4M $114.9M $80.7M
Shares outstanding 25.55m 55.14m 37.23m 55.14m 65.93m 67.84m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 14, 2026 Quarterly ↗ Mar 31, 2026 44d
Feb 19, 2026 Annual ↗ Dec 31, 2025 50d
Nov 5, 2025 Quarterly ↗ Sep 30, 2025 36d
Aug 12, 2025 Quarterly ↗ Jun 30, 2025 43d
May 8, 2025 Quarterly ↗ Mar 31, 2025 38d
Mar 31, 2025 Annual ↗ Dec 31, 2024 90d
Oct 30, 2024 Quarterly ↗ Sep 30, 2024 30d
Aug 19, 2024 Quarterly ↗ Jun 30, 2024 50d
May 7, 2024 Quarterly ↗ Mar 31, 2024 37d
Mar 28, 2024 Annual ↗ Dec 31, 2023 88d
Nov 13, 2023 Quarterly ↗ Sep 30, 2023 44d

Current reports

FiledDisclosed
Oct 14, 2026 Other events ↗
Oct 7, 2026 Other events ↗
Sep 15, 2026 Material agreement · Agreement ended ↗
Sep 15, 2026 Other events ↗
Aug 6, 2026 Material agreement ↗
Aug 6, 2026 Results ↗
Jul 29, 2026 Other events ↗
Jun 12, 2026 Shareholder vote ↗
Jun 10, 2026 Other events ↗
May 6, 2026 Other events ↗
May 4, 2026 Results · Other events ↗
Apr 27, 2026 Regulation FD ↗