InfuSystem Holdings, Inc

Listed Company

INFUCIK 0001337013NYSEAcceleratedSmaller ReportingSurgical & Medical Instruments & ApparatusDelawareFY ends Dec 31

Period

FY 2025

Revenue

$143.44M

Net Income

$6.63M

Total Assets

$100.56M

Equity

$57.33M

Shares Out

20.22M

Op. Cash Flow

$24.41M

Business

InfuSystem Holdings, Inc provides last-mile healthcare services enabling clinic-to-home treatments using durable medical equipment for outpatient providers. It supplies and services ambulatory and pole-mounted infusion pumps, disposable consumables, 24/7 nursing support, biomedical maintenance, and revenue-cycle/billing solutions. Operations are organized into two platforms — Patient Services, focused on turnkey clinic-to-home infusion solutions (notably oncology, pain management and wound care), and Device Solutions, offering equipment sales, rentals and biomedical recertification. The company serves hospitals, oncology and infusion clinics, ambulatory surgery centers and other alternate-site providers across the U.S. and Canada.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	143	135	126	110	102
Cost of revenues	63	64	63	49	44
Gross profit	80	70	63	61	59
Amortization of intangibles	900,000	1	1	3	4
Selling and marketing	10	11	13	12	11
General and administrative	57	51	45	44	41
Total selling, general and administrative	68	64	59	59	56
Operating income	12	7	4	2	3
Interest expense	−1	−2	−2	—	—
Other income (expense)	2,000	−55,000	−67,000	−122,000	−186,000
Income (Loss) before income taxes	11	5	2	130,000	1
Provision for income taxes	−4	−3	−979,000	−112,000	163,000
Net income	7	2	872,000	18,000	1
Basic (in dollars per share)	0.32	0.11	0.04	0	0.07
Diluted (in dollars per share)	0.31	0.11	0.04	0	0.06
Basic (in shares)	21	21	21	21	21
Diluted (in shares)	21	22	22	22	22
Unrealized gain (loss) on hedges	−733,000	40,000	−523,000	2	355,000
(Provision for) benefit from income tax on unrealized hedge gain (loss)	179,000	−9,000	122,000	−388,000	−87,000
Other comprehensive income (loss)	−554,000	31,000	−401,000	1	268,000
Net comprehensive income	6	2	471,000	1	2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3	527,000	231,000	165,000	186,000
Accounts receivable, net	23	21	20	17	15
Inventories, net	5	7	6	5	4
Other current assets	5	4	4	3	3
Total current assets	36	32	31	25	22
Medical equipment for sale or rental	5	3	3	3	2
Medical equipment in rental service, net of accumulated depreciation	34	39	35	39	40
Property & equipment, net of accumulated depreciation	3	4	4	4	5
Goodwill	4	4	4	4	4
Intangible assets, net	7	6	7	8	11
Operating lease right of use assets	4	5	7	4	4
Deferred income taxes	5	7	9	10	10
Derivative financial instruments	748,000	1	1	2	355,000
Other assets	2	878,000	2	80,000	116,000
Total assets	101	104	103	99	98
Accounts payable	11	10	8	8	8
Other current liabilities	9	8	8	6	5
Total current liabilities	20	18	16	14	13
Long-term debt, net of current portion	20	24	29	33	33
Operating lease liabilities, net of current portion	3	5	6	4	4
Total liabilities	43	46	51	51	49
Preferred stock, $0.0001 par value: authorized 1,000,000 shares; none issued	0	0	0	0	0
Common stock, $0.0001 par value: authorized 200,000,000 shares; 20,209,636 shares issued and outstanding as of December 31, 2025 and 21,272,351 shares issued and outstanding as of December 31, 2024	2,000	2,000	2,000	2,000	2,000
Additional paid-in capital	117	114	110	106	102
Accumulated other comprehensive income	565,000	1	1	1	268,000
Retained deficit	−61	−57	−59	−59	−54
Total stockholders equity	57	58	52	48	48
Total liabilities and stockholders equity	101	104	103	99	98

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for doubtful accounts	200,000	−167,000	−261,000	87,000	77,000
Depreciation	12	12	12	11	10
Loss on disposal of and reserve adjustments for medical equipment	519,000	942,000	2	2	1
Gain on sale of medical equipment	−3	−2	−3	−2	−3
Amortization of deferred debt issuance costs	81,000	78,000	120,000	73,000	151,000
Stock-based compensation	4	4	4	4	6
Deferred income taxes	3	2	633,000	19,000	−153,000
Accounts receivable	263,000	−701,000	−2	−1	829,000
Inventories	1	−126,000	−2	−882,000	−864,000
Other current assets	−903,000	202,000	−1	−387,000	−133,000
Other assets	114,000	2	−3	−135,000	−161,000
Accounts payable and other liabilities	−708,000	−676,000	2	3	−2
NET CASH PROVIDED BY OPERATING ACTIVITIES	24	20	11	18	18
Acquisition of business	−1	0	0	0	−8
Purchase of medical equipment	−8	−17	−10	−14	−16
Purchase of property and equipment	−560,000	−1	−1	−982,000	−980,000
Proceeds from sale of medical equipment, property and equipment	3	5	4	4	3
NET CASH USED IN INVESTING ACTIVITIES	−7	−13	−7	−11	−21
Principal payments on long-term debt	−52	−56	−55	−42	−82
Cash proceeds from long-term debt	48	51	52	42	76
Debt issuance costs	−197,000	0	−229,000	0	−386,000
Common stock repurchased as part of share repurchase program	−10	−1	−153,000	−5	−560,000
Common stock repurchased to satisfy statutory withholding on employee stock-based compensation plans	−1	−816,000	−1	−1	−1
Cash proceeds from exercise of options and ESPP	335,000	387,000	1	1	1
NET CASH USED IN FINANCING ACTIVITIES	−15	−7	−4	−6	−6
Net change in cash and cash equivalents	3	296,000	66,000	−21,000	−9
Cash paid for interest	1	2	2	1	1
Cash paid for income taxes	543,000	753,000	213,000	153,000	171,000
Additions to medical equipment and property	3	1	249,000	2	2

Filings

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