Filing Flows › EBR Systems (NONE.) › Q4 2025
EBR Systems (NONE.) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 18, 2026
EBR Systems (NONE.) reported revenue of $935K for the fourth quarter 2025 (Q4 2025) and +83% from the quarter before.
EBR Systems, Q4 2025: revenue $935K, net loss $14.0M, operating cash flow −$15.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $935K | +83% | — |
| Operating profit | −$13.3M | — | — |
| Net earnings | −$14.0M | — | — |
| Operating cash flow | −$15.0M | — | — |
What changed
Revenue was $935K in Q4 2025, up 83% from the previous quarter. WiSE CRT System was the largest line at 98% of revenue.
Gross margin was 19.4%. Operating costs exceeded revenue by $13.3M, an operating margin of -1421.4%. The quarter ended with a net loss of $14.0M, wider than the previous quarter's $12.2M loss.
Operating cash flow was −$15.0M. Non-cash charges added back $115K of depreciation and amortization and $913K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$16.5M.
Questions
What was EBR Systems' revenue in the fourth quarter 2025?
EBR Systems (NONE.) reported revenue of $935K for the fourth quarter 2025 (Q4 2025) and +83% from the quarter before.
Source: EBR Systems 10-K on SEC EDGAR.