Pulse Biosciences (PLSE)

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Pulse Biosciences, Inc. is a medical technology company developing bioelectric therapies based on its proprietary Nano-Pulse Stimulation platform. The company’s technology delivers extremely short pulses of electrical energy, measured in nanoseconds, to targeted tissue. The objective is to affect cells through non-thermal mechanisms while limiting damage to surrounding non-cellular structures, distinguishing the approach from energy-based treatments that rely primarily on heat or freezing.

The company also refers to its platform as nanosecond pulsed field ablation, or nsPFA. Pulsed field ablation has attracted interest across medicine because it may offer a more selective way to treat unwanted cells or tissue. Pulse Biosciences is focused on translating this energy modality into medical applications where precision, safety, and control are central to adoption. Its programs sit at the intersection of device engineering, electrophysics, and clinical medicine.

As a development-oriented healthcare company, Pulse Biosciences’ value is tied to the strength of its intellectual property, the performance of its systems in clinical settings, and its ability to obtain regulatory clearances or approvals. Commercial success also depends on physician adoption, reimbursement, manufacturing execution, and evidence that its technology can improve outcomes or workflow compared with existing procedures.

For investors, the company represents exposure to a specialized segment of medtech rather than a conventional pharmaceutical model. Its progress is typically assessed through product development milestones, regulatory updates, clinical results, and the size of the medical markets in which its nsPFA technology can be applied.

24.99 USD
18.77 USD
+0.71 (+2.92%)
After-hours

Last updated

Market Cap
1.73B
P/E
P/FCF
P/S
2,303
Enterprise Value
1.66B
Sector
Health Care
Industry
Surgical and Medical Instruments and Apparatus
Address
3957 POINT EDEN WAY, HAYWARD, CA, 94545
Market Cap
1.73B
Enterprise Value
1.66B
P/E
P/B
26.09
P/S
2,303
EV / EBITDA
-21.57
EV / Sales
2,212.03
EPS
-1.08
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-55.5M
ROE
-112.47%
ROA
-91.36%
Debt / Equity
0
Current Ratio
7.26
Quick Ratio
7.24
Cash
6.97
Avg Volume
340.11K
Fundamentals Snapshot Price
24.99

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 401K 264K 86K
Gross profit 31K 4K -193K
Operating income -19.15M -18.25M -20.37M -20.28M -18.04M
EBITDA -18.9M -17.99M -20.11M -20M -17.76M
Net income -18.58M -17.43M -19.39M -19.17M -16.8M
Basic EPS -0.27 -0.26 -0.29 -0.28 -0.25
Diluted EPS -0.27 -0.26 -0.29 -0.28 -0.25

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 81.62M 94.54M 108.77M 120.25M 133.38M
Total liabilities 15.32M 13.88M 16.07M 15.76M 14.93M
Total equity 66.3M 80.66M 92.69M 104.49M 118.45M
Cash & equivalents 68.32M 80.74M 95.21M 106.35M 119.28M
Current assets 71.13M 83.42M 97.16M 108.16M 120.91M
Current liabilities 9.8M 7.92M 9.7M 8.98M 7.76M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -14.6M -14.76M -13.04M -12.81M -13.52M
Investing cash flow -33K -105K -62K -123K -45K
Financing cash flow 2.21M 381K 1.97M 0 14.81M
Change in cash -12.42M -14.48M -11.14M -12.93M 1.24M
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form 4 Form 4 — Danahy Kevin Patrick View Filing
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edgar index 144 — PULSE BIOSCIENCES, INC. View Filing