MYOMO, INC.
Business
Myomo develops and markets the MyoPro, a custom-fabricated, myoelectric-controlled upper limb orthosis (brace) for adults and adolescents with neuromuscular disorders and upper limb paralysis from stroke, spinal cord injury, brachial plexus injury, and other neurological conditions. The device uses non-invasive electromyography sensors to detect weak muscle signals and activate motors to assist arm, wrist, and hand movement, enabling functional improvement in activities of daily living. Myomo distributes primarily through direct billing to patients and insurance payers, and increasingly through orthotics and prosthetics (O&P) providers, the Veterans Administration, and international partners in the EU, UK, Canada, and Australia.
Summary from 10-K filed 2026-03-09
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 | 41 | 33 | 19 | 16 | 14 | |
| Cost of revenue | 14 | 9 | 6 | 5 | 4 | |
| Gross profit | 27 | 23 | 13 | 10 | 10 | |
| Research and development | 7 | 5 | 3 | 2 | 3 | |
| Selling, clinical, and marketing | 20 | 12 | 9 | — | — | |
| General and administrative | 14 | 12 | 10 | — | — | |
| Total operating expenses | 41 | 29 | 21 | 21 | 21 | |
| Loss from operations | −14 | −6 | −8 | −11 | −10 | |
| Other expense (income) | 450,832 | −388,586 | −410,274 | −88,731 | −1,612 | |
| Loss on equity investment | 216,673 | 0 | 169,503 | 66,511 | 0 | |
| Total other expense (income) | 667,505 | −388,586 | −239,986 | −21,119 | 15,336 | |
| Loss before income taxes | −15 | −6 | −8 | −11 | −10 | |
| Income tax expense | 504,532 | 365,617 | 156,002 | 69,937 | 88,928 | |
| Net loss | −16 | −6 | −8 | −11 | −10 | |
| Basic (shares) | 42 | 38 | 29 | 7 | 6 | |
| Diluted (shares) | 42 | 38 | 29 | 7 | 6 | |
| Basic (per share) | −0.37 | −0.16 | −0.28 | −1.52 | −1.89 | |
| Diluted (per share) | −0.37 | −0.16 | −0.28 | −1.52 | −1.89 |
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 | 14 | 24 | 7 | 5 | 16 | |
| Short-term investments | 4 | 492,990 | 2 | 0 | — | |
| Accounts receivable, net | 4 | 4 | 2 | 2 | 2 | |
| Inventories | 3 | 3 | 2 | 1 | 808,308 | |
| Prepaid expenses and other current assets | 2 | 933,377 | 598,850 | 573,462 | 799,164 | |
| Total Current Assets | 28 | 33 | 14 | 9 | 19 | |
| Restricted cash | 575,000 | 375,000 | 0 | — | — | |
| Equipment, net | 2 | 1 | 175,794 | 194,283 | 275,289 | |
| Software development costs | 2 | 0 | — | — | — | |
| Operating lease assets with right-of-use, net | 7 | 8 | 663,554 | 508,743 | 632,906 | |
| Other Assets | 21,374 | 164,412 | 91,237 | 111,034 | 95,330 | |
| Total Assets | 39 | 42 | 15 | 10 | 20 | |
| Accounts payable and accrued expenses | 6 | 9 | 5 | 3 | 4 | |
| Current operating lease liability | 494,662 | 748,021 | 486,143 | 353,701 | 333,380 | |
| Taxes payable | 813,260 | 318,885 | 96,461 | 48,220 | 39,145 | |
| Deferred revenue | 218,222 | 83,115 | 8,510 | 20,653 | 249 | |
| Warrant derivative liability | 999,418 | 0 | — | — | — | |
| Total Current Liabilities | 8 | 10 | 5 | 4 | 4 | |
| Non-current operating lease liability, net of current portion | 8 | 7 | 115,160 | 200,207 | 401,622 | |
| Long-term debt, net of discount of $2,954,857 | 11 | 0 | — | — | — | |
| Total Liabilities | 27 | 18 | 6 | 4 | 5 | |
| Commitments and Contingencies - Note 12 | 0 | 0 | 0 | 0 | 0 | |
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock par value $0.0001 per share 65,000,000 shares authorized; 38,471,383 and 34,378,297 shares issued as of December 31, 2025 and 2024, respectively, and 38,471,356 and 34,378,270 shares outstanding as of December 31, 2025 and 2024, respectively. | 3,847 | 3,439 | 2,715 | 775 | 687 | |
| Additional paid-in capital | 130 | 128 | 106 | 95 | 94 | |
| Accumulated other comprehensive (loss) income | 164,517 | −14,406 | 83,669 | 43,227 | −60,677 | |
| Accumulated deficit | −119 | −103 | −97 | −89 | −78 | |
| Treasury stock, at cost; 27 shares of common stock | −6,464 | −6,464 | −6,464 | −6,464 | −6,464 | |
| Total Stockholders Equity | 11 | 25 | 9 | 6 | 15 | |
| Total Liabilities and Stockholders Equity | 39 | 42 | 15 | 10 | 20 |
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 |
|---|---|---|---|---|---|---|
| Net loss | −16 | −6 | −8 | −11 | −10 | |
| Depreciation | 859,354 | 205,910 | 164,306 | 192,799 | 145,995 | |
| Stock-based compensation | 2 | 874,438 | 1 | 1 | 1 | |
| Accretion of discount on short-term investments | −43,012 | −118,598 | −110,788 | 0 | — | |
| Credit losses | 158,012 | 43,657 | 28,401 | 26,075 | 0 | |
| Amortization of final payment fees of old debt | 215,000 | 0 | — | — | — | |
| Amortization of right-of-use assets | 905,314 | 571,061 | 353,375 | 349,828 | 189,968 | |
| Amortization of deferred offering cost | 520,419 | 41,552 | — | — | — | |
| Change in fair value of derivative liabilities | 216,673 | 0 | — | — | — | |
| Other non-cash changes, net | 3,772 | 16,020 | −38,809 | 111,755 | −19,929 | |
| Accounts receivable | 376,966 | −2 | −495,599 | 47,445 | −1 | |
| Inventories | −662,680 | −1 | −384,781 | −607,400 | −118,222 | |
| Prepaid expenses and other current assets | −1 | −887,525 | −115,523 | 224,677 | −323,644 | |
| Other assets | 6,512 | 84,773 | 19,797 | −15,704 | 0 | |
| Accounts payable and accrued expenses | −3 | 5 | 2 | −711,898 | 1 | |
| Operating lease liabilities | 54,079 | −503,543 | −460,790 | −406,759 | −92,525 | |
| Deferred revenue | 135,108 | 74,604 | −12,642 | 19,657 | −2,512 | |
| Income tax payable | 436,729 | 236,721 | −47,384 | 0 | — | |
| Tenant improvement allowance | 0 | 516,274 | 0 | — | — | |
| Net cash used in operating activities | −15 | −3 | −6 | −10 | −10 | |
| Purchases of equipment | −2 | −1 | −145,816 | −111,793 | −326,462 | |
| Purchases of software development | −2 | 0 | — | — | — | |
| Maturities of short-term investments | 2 | 8 | 4 | 0 | — | |
| Purchases of short-term investments | −5 | −6 | −6 | 0 | — | |
| Net cash provided by (used in) investing activities | −7 | 259,981 | −2 | −310,793 | −326,462 | |
| Deferred debt origination costs | 0 | −199,500 | 0 | — | — | |
| Proceeds from sale of pre-funded warrants, net of offering costs | 0 | 763,138 | 0 | 0 | 1 | |
| Proceeds from sale of common stock and pre-funded warrants, net of offering costs | 0 | 20 | 10 | — | — | |
| Repayment of debt | −4 | 0 | — | — | — | |
| Final payment fees of old debt | −215,000 | 0 | — | — | — | |
| Payment of debt issuance costs | −857,621 | 0 | — | — | — | |
| Proceeds from issuance of debt, revolving credit line | 1 | 0 | — | — | — | |
| Proceeds from issuance of debt, term loan | 3 | 0 | — | — | — | |
| Proceeds from issuance of debt, Avenue Capital | 13 | 0 | — | — | — | |
| Net cash provided by financing activities | 11 | 21 | 10 | 376,858 | 13 | |
| Effect of foreign exchange rate changes on cash | 101,697 | −26,439 | 14,211 | −10,934 | −10,392 | |
| Net increase in cash and cash equivalents | −10 | 18 | 2 | −10 | 3 | |
| Cash paid during the period for income taxes | 330,939 | 0 | 0 | 4,889 | 0 | |
| Cash paid during the period for interest | 111,865 | 0 | — | — | — | |
| Right of use assets obtained in exchange for lease obligations | 0 | 7 | 508,186 | 225,665 | 654,091 | |
| Unrealized (gain) loss from mark to market on short-term investments | 922 | 165 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MYOMO, INC.'s CIK number?
MYOMO, INC.'s SEC CIK number is 0001369290 (1369290). 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 MYOMO, INC.'s SEC filings?
All of MYOMO, 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 MYOMO, INC. last report earnings?
MYOMO, INC. (MYO) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-211928). This is MYOMO, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MYOMO, INC.'s most recent earnings 8-K?
MYOMO, INC.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-211928. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MYOMO, INC.'s latest earnings 8-K →
Look up any company's CIK number →