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EBR Systems (NONE.) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 12, 2025

EBR Systems (NONE.) reported revenue of $170K for the second quarter 2025 (Q2 2025).

Revenue$170K
Year over year—
Quarter over quarter—
Operating margin—
Net earnings−$12.0M

EBR Systems, Q2 2025: revenue $170K, net loss $12.0M, operating cash flow −$11.5M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$170K——
Operating profit−$11.1M——
Net earnings−$12.0M——
Operating cash flow−$11.5M——

What changed

Revenue was $170K in Q2 2025. WiSECRT System was the largest line at 86% of revenue.

Gross margin was 50.0%. Operating costs exceeded revenue by $11.1M, an operating margin of -6547.6%. The quarter ended with a net loss of $12.0M.

Operating cash flow was −$11.5M. Non-cash charges added back $118K of depreciation and amortization and $704K of share-based compensation. Capital expenditures of $889K exceeded it, leaving free cash flow of −$12.4M.

Questions

What was EBR Systems' revenue in the second quarter 2025?

EBR Systems (NONE.) reported revenue of $170K for the second quarter 2025 (Q2 2025).

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Source: EBR Systems 10-Q on SEC EDGAR.