Modular Medical (MODD)

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Modular Medical, Inc. is a development-stage medical device company focused on diabetes care, with an emphasis on making insulin pump therapy more accessible to a broader patient population. The company designs and develops insulin delivery technology intended to simplify pump use and reduce barriers that can prevent people with diabetes from adopting automated or wearable treatment options.

Its strategy centres on modernising insulin pump design for both type 1 diabetes patients and the expanding group of type 2 diabetes patients who may benefit from device-based insulin management. While insulin pumps have long been used in diabetes care, adoption can be limited by cost, complexity, training requirements, and user concerns about wearing and operating a device. Modular Medical seeks to address those issues through product design aimed at ease of use, affordability, and practical everyday operation.

The company operates within the broader diabetes technology market, which includes insulin pumps, continuous glucose monitoring systems, smart pens, and automated insulin delivery platforms. This market is shaped by rising diabetes prevalence, growing use of connected health devices, and efforts by clinicians and payers to improve glucose control while reducing treatment burden.

As a development-stage company, Modular Medical’s commercial profile depends on product development milestones, regulatory progress, manufacturing readiness, clinical acceptance, and eventual market launch. Its revenue base is not yet comparable to established diabetes device manufacturers, but its focus is distinctive: it aims to expand pump therapy beyond the traditional early-adopter base and into a wider segment of insulin-using patients.

For investors, Modular Medical represents exposure to an emerging medical device company targeting a large and clinically important diabetes market with simplified insulin delivery technology.

4.69 USD
4.44 USD
−0.10 (-2.09%)
After-hours

Last updated

Market Cap
25.38M
P/E
P/FCF
P/S
Enterprise Value
22.44M
Sector
Health Care
Industry
Surgical and Medical Instruments and Apparatus
Address
10740 THORNMINT ROAD, SAN DIEGO, CA, 92127
Market Cap
25.38M
Enterprise Value
22.44M
P/E
P/B
4.32
P/S
EV / EBITDA
-0.89
EV / Sales
EPS
-4.95
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-26.12M
ROE
-455.35%
ROA
-261.03%
Debt / Equity
0
Current Ratio
1.59
Quick Ratio
1.59
Cash
1.35
Avg Volume
21.34K
Fundamentals Snapshot Price
4.69

Income Statement

Line Item 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3
Revenue
Gross profit
Operating income -7.24M -7.83M -6.8M -4.98M -4.85M
EBITDA -6.81M -7.44M -6.39M -4.65M -4.57M
Net income -7.36M -7.79M -6.7M -4.93M -4.8M
Basic EPS -3.3 -4.2 -3.6 -3.6 -3.9
Diluted EPS -3.3 -4.2 -3.6 -3.6 -3.9

Balance Sheet

Line Item 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3
Total assets 10.26M 12.97M 14.17M 18.74M 12.15M
Total liabilities 4.38M 4.21M 2.33M 1.66M 1.89M
Total equity 5.88M 8.77M 11.84M 17.08M 10.26M
Cash & equivalents 2.94M 5.32M 7.52M 13.1M 6.99M
Current assets 3.47M 5.95M 8.29M 13.52M 7.33M
Current liabilities 2.18M 4.04M 2.05M 1.27M 1.38M

Cash Flow

Line Item 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3
Operating cash flow -7.16M -5.41M -5.37M -4.31M -4.1M
Investing cash flow -1.22M -771K -934K -948K -542K
Financing cash flow 6M 3.98M 733K 11.37M 7.73M
Change in cash -2.38M -2.21M -5.57M 6.11M 3.09M
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edgar index 4 — Modular Medical, Inc. View Filing
edgar index 8-K — Modular Medical, Inc. View Filing
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form 4 Form 4 — FRANK MORGAN C. View Filing
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form 4 Form 4 — FELSHER STEVEN G View Filing
form 4 Form 4 — FELSHER STEVEN G View Filing
form 4 Form 4 — Goldberg Jeff D View Filing
form 4 Form 4 — Sheibley Philip Brent View Filing
form 4 Form 4 — Vos Ellen O'Connor View Filing
form 4 Form 4 — DeSisto Duane M View Filing
edgar index PRE 14A — Modular Medical, Inc. View Filing
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edgar index 8-K — Modular Medical, Inc. View Filing
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