LEMAITRE VASCULAR INC
Business
LeMaitre Vascular develops, manufactures, and markets vascular medical devices and human tissue cryopreservation services used primarily in treating peripheral vascular disease, end-stage renal disease, and cardiovascular disease. The company offers diversified product lines including biologic grafts and patches, embolectomy and occlusion catheters, closure systems, and allograft cryopreservation services through RestoreFlow. LeMaitre sells globally via direct sales force in North America, Europe, and Asia Pacific, plus distributors in other markets, with the majority of sales from direct territories.
Summary from 10-K filed 2026-02-26
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 |
|---|---|---|---|---|---|---|
| Net sales | 250 | 220 | 193 | 162 | 154 | |
| Cost of sales | 71 | 69 | 66 | 57 | 53 | |
| Gross profit | 179 | 151 | 127 | 105 | 101 | |
| Sales and marketing | 54 | 47 | 41 | 33 | 28 | |
| General and administrative | 42 | 36 | 32 | 29 | 26 | |
| Research and development | 14 | 16 | 17 | 13 | 12 | |
| Restructuring | 0 | 0 | 500,000 | 3 | 0 | |
| Total operating expenses | 111 | 99 | 90 | 78 | 65 | |
| Income from operations | 68 | 52 | 37 | 27 | 36 | |
| Investment income | 13 | 5 | 3 | 986,000 | 197,000 | |
| Interest expense | −5 | −205,000 | — | 0 | 2 | |
| Other income (loss), net | −638,000 | −125,000 | −314,000 | −325,000 | −116,000 | |
| Income before income taxes | 75 | 57 | 39 | 27 | 34 | |
| Provision for income taxes | 17 | 13 | 9 | 7 | 7 | |
| Net income | 58 | 44 | 30 | 21 | 27 | |
| Basic (in dollars per share) | 2.55 | 1.96 | 1.36 | 0.94 | 1.27 | |
| Diluted (in dollars per share) | 2.52 | 1.93 | 1.34 | 0.93 | 1.25 | |
| Basic (in shares) | 23 | 22 | 22 | 22 | 21 | |
| Diluted (in shares) | 23 | 23 | 22 | 22 | 21 | |
| Cash dividends declared per common share (in dollars per share) | 0.8 | 0.64 | 0.56 | 0.5 | 0.44 |
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 | 28 | 26 | 24 | 19 | 14 | |
| Short-term marketable securities | 331 | 274 | 81 | 64 | 56 | |
| Accounts receivable, net of allowances of $1,400 at December 31, 2025 and $1,369 at December 31, 2024 | 34 | 30 | 25 | 22 | 20 | |
| Inventory and other deferred costs | 70 | 65 | 58 | 50 | 46 | |
| Prepaid expenses and other current assets | 5 | 7 | 6 | 7 | 4 | |
| Total current assets | 468 | 402 | 195 | 162 | 140 | |
| Property and equipment, net | 27 | 25 | 22 | 18 | 17 | |
| Right-of-use leased assets | 16 | 17 | 18 | 16 | 15 | |
| Goodwill | 66 | 66 | 66 | 66 | 66 | |
| Other intangibles, net | 33 | 36 | 42 | 47 | 53 | |
| Deferred tax assets | 759,000 | 1 | 1 | 2 | 2 | |
| Other assets | 5 | 5 | 4 | 991,000 | 568,000 | |
| Total assets | 616 | 552 | 347 | 310 | 293 | |
| Accounts payable | 4 | 2 | 4 | 3 | 2 | |
| Accrued expenses | 29 | 25 | 24 | 20 | 16 | |
| Acquisition-related obligations | 322,000 | 1 | 24,000 | 573,000 | 1 | |
| Lease liabilities - short-term | 3 | 3 | 2 | 2 | 2 | |
| Total current liabilities | 36 | 31 | 30 | 25 | 22 | |
| Convertible senior notes, net | 169 | 168 | 0 | — | — | |
| Lease liabilities - long-term | 14 | 15 | 17 | 15 | 14 | |
| Deferred tax liabilities | 2 | 85,000 | 107,000 | 69,000 | 70,000 | |
| Other long-term liabilities | 1 | 831,000 | 2 | 2 | 3 | |
| Total liabilities | 222 | 215 | 49 | 42 | 39 | |
| Preferred stock, $0.01 par value; 3,000,000 shares authorized; none issued and outstanding | — | — | 0 | 0 | 0 | |
| Common stock, $0.01 par value; 37,000,000 shares authorized, 24,396,904 and 24,153,165 shares issued, 22,772,607 and 22,549,340 shares outstanding, respectively | 244,000 | 242,000 | 239,000 | 237,000 | 235,000 | |
| Additional paid-in capital | 228 | 214 | 201 | 189 | 182 | |
| Retained earnings | 185 | 145 | 115 | 98 | 88 | |
| Accumulated other comprehensive loss | −2 | −6 | −5 | −6 | −3 | |
| Treasury stock, at cost; 1,624,297 and 1,603,825 shares, respectively | −17 | −16 | — | — | — | |
| Total stockholders equity | 394 | 337 | 298 | 268 | 254 | |
| Total liabilities and stockholders equity | 616 | 552 | 347 | 310 | 293 |
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 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 10 | 10 | 10 | 9 | 11 | |
| Stock-based compensation | 8 | 7 | 5 | 4 | 3 | |
| Amortization of issuance costs on convertible senior notes | 873,000 | 62,000 | 0 | — | — | |
| Provision for inventory write-downs | 3 | 3 | 2 | 3 | 4 | |
| Provision (benefit) for deferred income taxes | 2 | −451,000 | 783,000 | −182,000 | 79,000 | |
| Loss on divestitures | 0 | 0 | 485,000 | 2 | 0 | |
| Provision for credit losses | 817,000 | 813,000 | 344,000 | 637,000 | 263,000 | |
| Unrealized loss on equity investments | 535,000 | 0 | 0 | — | — | |
| Fair value adjustments to contingent consideration obligations | — | 134,000 | −78,000 | −108,000 | −674,000 | |
| Foreign currency transaction effect on income | −176,000 | 362,000 | −705,000 | −315,000 | 163,000 | |
| Accounts receivable | −3 | −6 | −3 | −4 | −818,000 | |
| Inventory and other deferred costs | −7 | −11 | −10 | −7 | −5 | |
| Prepaid expenses and other assets | 2 | −2 | −3 | −3 | −2 | |
| Accounts payable and other liabilities | 4 | −923,000 | 5 | 645,000 | −2 | |
| Accrued interest | 2 | 144,000 | 0 | — | — | |
| Net cash provided by operating activities | 81 | 44 | 37 | 25 | 35 | |
| Purchases of short-term marketable securities | −641 | −278 | −17 | −8 | −59 | |
| Purchases of property and equipment | −7 | −7 | −7 | −3 | −5 | |
| Payments related to acquisitions, net of cash acquired | −2 | 0 | −899,000 | 0 | 0 | |
| Proceeds from sales of short-term marketable securities | 585 | 85 | 0 | 0 | 3 | |
| Net cash used in investing activities | −65 | −200 | −25 | −10 | 61 | |
| Proceeds from issuance of convertible senior notes, net of issuance costs paid of $3,234 | 0 | 169 | 0 | 0 | — | |
| Costs paid related to issuance of convertible senior notes | — | −3 | — | — | — | |
| Common stock cash dividend paid | −18 | −14 | −12 | −11 | −9 | |
| Proceeds from stock option exercises | 7 | 6 | 6 | — | — | |
| Payment of withholding taxes in connection with net settlement of equity awards | −2 | −2 | −853,000 | −642,000 | −802,000 | |
| Deferred payments for acquisitions | −1 | 0 | 0 | −1 | −401,000 | |
| Net cash (used in) provided by financing activities | −15 | 158 | −7 | −9 | 14 | |
| Effect of exchange rate changes on cash and cash equivalents | 864,000 | −765,000 | 230,000 | −494,000 | −637,000 | |
| Net increase in cash and cash equivalents | 3 | 1 | 5 | 5 | −13 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LEMAITRE VASCULAR INC's CIK number?
LEMAITRE VASCULAR INC's SEC CIK number is 0001158895 (1158895). 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 LEMAITRE VASCULAR INC's SEC filings?
All of LEMAITRE VASCULAR 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 LEMAITRE VASCULAR INC last report earnings?
LEMAITRE VASCULAR INC (LMAT) 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 0001193125-26-206578). This is LEMAITRE VASCULAR INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LEMAITRE VASCULAR INC's most recent earnings 8-K?
LEMAITRE VASCULAR INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-206578. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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