AtriCure, Inc.
Business
AtriCure is a leading innovator in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management. The company manufactures and sells ablation devices (radiofrequency and cryogenic), left atrial appendage exclusion systems, and cryoablation probes for nerve block therapy. Products are sold directly in the United States, Germany, France, United Kingdom, Benelux, Australia and Canada, with international distribution through third-party distributors in other markets.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Revenue | 535 | 465 | 399 | 330 | 274 | |
| Cost of revenue | 134 | 118 | 99 | 84 | 68 | |
| Gross profit | 401 | 348 | 300 | 246 | 206 | |
| Research and development expenses | 99 | 96 | 74 | 57 | 49 | |
| Selling, general and administrative expenses | 311 | 291 | 253 | 231 | 205 | |
| Total operating expenses | 410 | 388 | 327 | 289 | 151 | |
| Loss from operations | −9 | −40 | −27 | −43 | 55 | |
| Interest expense | −6 | −6 | −7 | −5 | — | |
| Interest income | 4 | 4 | 4 | 2 | 466,000 | |
| Loss on debt extinguishment | 0 | −1 | 0 | 0 | — | |
| Other income (expense) | 683,000 | −326,000 | −31,000 | −537,000 | −366,000 | |
| Loss before income tax expense | −10 | −44 | −30 | −46 | 50 | |
| Income tax expense | 1 | 1 | 591,000 | 268,000 | 188,000 | |
| Net loss | −11 | −45 | −30 | −46 | 50 | |
| Basic net loss per share (in usd per share) | −0.24 | −0.95 | −0.66 | −1.02 | 1.11 | |
| Diluted net loss per share (in usd per share) | −0.24 | −0.95 | −0.66 | −1.02 | 1.09 | |
| Weighted average shares outstanding, basic (in shares) | 48 | 47 | 46 | 46 | 45 | |
| Weighted average shares outstanding, diluted (in shares) | 48 | 47 | 46 | 46 | 46 | |
| Unrealized gain on investments | 0 | 800,000 | 3 | −3 | −941,000 | |
| Foreign currency translation adjustment | 2 | −842,000 | 205,000 | −337,000 | −319,000 | |
| Other comprehensive income (loss) | 2 | −42,000 | 3 | −3 | −1 | |
| Comprehensive loss, net of tax | −10 | −45 | −27 | −50 | 49 |
Consolidated Balance Sheet
| Concept | Trend | 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 | 167 | 123 | 84 | 58 | 44 | |
| Accounts receivable, less allowance for credit losses of $750 and $550 | 67 | 60 | 53 | 43 | 33 | |
| Inventories | 78 | 75 | 68 | 46 | 39 | |
| Prepaid and other current assets | 10 | 9 | 9 | 5 | 5 | |
| Total current assets | 323 | 268 | 266 | 215 | 196 | |
| Property and equipment, net | 39 | 42 | 42 | 39 | 31 | |
| Operating lease right-of-use assets | 7 | 6 | 4 | 4 | 5 | |
| Intangible assets, net | 48 | 56 | 64 | 39 | 43 | |
| Goodwill | 235 | 235 | 235 | 235 | 235 | |
| Other noncurrent assets | 3 | 3 | 2 | 2 | 955,000 | |
| Total Assets | 654 | 609 | 614 | 585 | 615 | |
| Accounts payable | 25 | 25 | 27 | 20 | 19 | |
| Accrued liabilities | 53 | 46 | 45 | 33 | 36 | |
| Other current liabilities | 3 | 3 | — | 5 | 2 | |
| Total current liabilities | 82 | 73 | 75 | 58 | 56 | |
| Long-term debt | 62 | 62 | 61 | 57 | 60 | |
| Finance and operating lease liabilities | 12 | 12 | 11 | — | — | |
| Other noncurrent liabilities | 7 | 1 | 1 | 1 | 1 | |
| Total Liabilities | 162 | 148 | 148 | 129 | 132 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Common stock, $0.001 par value, 90,000 shares authorized; 49,792 and 48,869 issued and outstanding | 50,000 | 49,000 | 48,000 | 47,000 | 46,000 | |
| Additional paid-in capital | 905 | 864 | 824 | 787 | 765 | |
| Accumulated other comprehensive income (loss) | 566,000 | −1 | −993,000 | −4 | −948,000 | |
| Accumulated deficit | −413 | −402 | −357 | −327 | −280 | |
| Total Stockholders Equity | 492 | 461 | 466 | 457 | 484 | |
| Total Liabilities and Stockholders Equity | 654 | 609 | 614 | 585 | 615 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Share-based compensation expense | 45 | 40 | 36 | 29 | 28 | |
| Depreciation | 12 | 11 | 9 | 8 | 8 | |
| Amortization of intangible assets | 8 | 8 | 5 | 4 | 3 | |
| Amortization of deferred financing costs | 478,000 | 478,000 | 486,000 | 507,000 | 759,000 | |
| Amortization of investments | 0 | 107,000 | 632,000 | 1 | 2 | |
| Acquired in-process research and development expense | 6 | 12 | 0 | 0 | — | |
| Other non-cash adjustments | 1 | 2 | 2 | 739,000 | 2 | |
| Accounts receivable | −6 | −8 | −10 | −9 | −10 | |
| Inventories | −2 | −8 | −22 | −7 | −4 | |
| Other current assets | −328,000 | −949,000 | −3 | −515,000 | −700,000 | |
| Accounts payable | −960,000 | −2 | 6 | 3 | 5 | |
| Accrued liabilities | 7 | 1 | 12 | −3 | 8 | |
| Other noncurrent assets and liabilities | −2 | −1 | −1 | −2 | −3 | |
| Net cash provided by operating activities | 57 | 12 | 4 | −22 | −14 | |
| Sales and maturities of available-for-sale securities | 0 | 54 | 64 | 86 | 206 | |
| Purchases of property and equipment | −9 | −11 | −12 | −17 | −10 | |
| Proceeds from sale of property and equipment | 0 | 25,000 | 0 | 0 | 0 | |
| Acquisitions, including in-process research and development | −6 | −12 | −30 | — | — | |
| Proceeds from capital grant | 500,000 | 0 | 0 | — | — | |
| Net cash (used in) provided by investing activities | −15 | 30 | 22 | 44 | 24 | |
| Proceeds from revolving credit facility, net of financing costs | 0 | 61 | 0 | 0 | 5 | |
| Payments on debt, leases and financing obligation | −1 | −63 | −992,000 | −899,000 | −6 | |
| Proceeds from financing obligation | 6 | 0 | 0 | — | — | |
| Payment of financing costs and bank fees | 0 | −1 | −60,000 | 0 | −1 | |
| Proceeds from stock option exercises | 1 | 1 | 2 | 2 | 8 | |
| Shares repurchased for payment of taxes on stock awards | −11 | −7 | −7 | −12 | −18 | |
| Proceeds from issuance of common stock under employee stock purchase plan | 6 | 5 | 5 | 4 | 4 | |
| Net cash provided by (used in) financing activities | 1 | −4 | −32,000 | −7 | −8 | |
| Effect of exchange rate changes on cash and cash equivalents | 747,000 | −424,000 | −58,000 | −361,000 | −372,000 | |
| Net increase in cash and cash equivalents | 45 | 38 | 26 | 14 | 2 | |
| Cash paid for interest | 5 | 6 | 6 | 4 | 4 | |
| Cash paid for income taxes, net of refunds | 1 | 619,000 | 395,000 | 192,000 | 190,000 | |
| Accrued purchases of property and equipment | 1 | 334,000 | 1 | 272,000 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AtriCure, Inc.'s CIK number?
AtriCure, Inc.'s SEC CIK number is 0001323885 (1323885). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AtriCure, Inc.'s SEC filings?
All of AtriCure, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AtriCure, Inc. last report earnings?
AtriCure, Inc. (ATRC) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001323885-26-000018). This is AtriCure, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AtriCure, Inc.'s most recent earnings 8-K?
AtriCure, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001323885-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AtriCure, Inc.'s latest earnings 8-K →
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