Filing Flows › Companies › Picard Medical › Cash flow
Picard Medical cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$1.4M in Q2 2026 · −$16.0M over twelve months
Analysis
In Q2 2026, Picard Medical generated −$1.4M of operating cash flow. That is $1.2M more than in Q2 2025 (−$2.5M).
Over the twelve months to Jun 30, 2026, operating cash flow was −$16.0M; the largest uses were operating cash flow ($16.0M), net borrowing (+) / repaid (−) ($150K); besides operations, cash came from shares issued ($13.7M), other financing ($2.1M); the cash balance fell by $372K.
Operating cash flow was −$1.4M against net income of −$5.7M. The largest differences: stock-based pay +$1.4M, inventory +$1.0M, payables +$612K.
Free cash flow
Cash runway and the debt wall
Picard Medical is burning cash: its operations consume cash, a free cash flow of −$16.0M a year at the current rate against $38K of cash and investments: a runway of about 0 months before any new financing.
Where the cash came from and went
From profit to cash
Every quarter
| Quarter | Operating cash flow | Capital spending | Net borrowing (+) / repaid (−) | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|
| Q2 2026 | −$1.4M | — | $500K | $17K | $83K | −$1.4M |
| Q1 2026 | −$3.8M | −$26K | −$7.4M | $42K | $11.3M | −$3.8M |
| Q4 2025 | −$4.4M | — | $6.0M | — | −$8.6M | −$4.4M |
| Q3 2025 | −$6.5M | — | −$42K | $13.7M | −$2.4M | −$6.5M |
| Q2 2025 | −$2.5M | — | $983K | $985K | $278K | −$2.5M |
| Q1 2025 | −$2.2M | — | $982K | $500K | −$592K | −$2.2M |
| Q4 2024 | −$3.2M | — | −$18K | — | −$90K | −$3.2M |
| Q3 2024 | −$2.6M | — | $979K | — | $72K | −$2.6M |
Picard Medical: income statement and cash flow
Picard Medical, Q2 2026: revenue $3.0M (+39% year over year), operating margin -156.7%. The chart follows the revenue to costs, profit and cash.
Picard Medical: every quarter, Q/Q and Y/Y → Open in the app
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.