Profound Medical Corp.
PROF · Surgical & Medical Instruments & Apparatus · 36.3M shares · +17%/yr ↑ dilution · EDGAR filings ↗
Reference price $4.73 · est. market cap ~$172M — last insider purchase, 2025-05-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Medical-device company (TULSA-PRO MRI-guided ablation devices) with operating losses and cash burn.
Strengths
- Liquidity — current ratio 12.5 (94th)
Risks
- Operating/net losses & cash burn — per metrics
- heavy cash burn despite strong growth (+65%) — per 10-K
- Adoption/reimbursement dependence — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -264.4%)
- Cash burnNegative free cash flow (-38.4M)
- Chronic dilutionShare count +17%/yr over 1y (dilution, book value/share -6%)
- Notable holderHeld by 2 notable fund(s): CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC (as of 2026-03-31)
- AccumulatingInstitutional holders rose 1→2 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
- Revenue declineRevenue -10.7% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
70.8%
Operating margin
-256.3%
Net margin
-264.4%
Return on equity
-64.1%
Return on assets
-54.9%
ROIC
-45.9%
Revenue growth (QoQ)
-10.7%
Debt / equity
0.1×
Current ratio
12.5×
Free cash flow
-$38M
Tangible book value
$66M
Cash & investments
$60M
Cash runway
6q
Stock comp / revenue
34.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-05-16 | Menawat Arun Swarup | Buy | 12K | $4.73 |
| 2025-05-15 | Menawat Arun Swarup | Buy | 10K | $4.33 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-15 | 2026-05-13 | 0001104659-26-062509 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001171843-26-003441 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001104659-26-057198 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001171843-26-003160 ↗ |
| 8-K | 2026-04-16 | 2026-04-16 | 0001171843-26-002497 ↗ |
| 8-K | 2026-04-14 | 2026-04-14 | 0001171843-26-002426 ↗ |
| 8-K | 2026-04-01 | 2026-04-01 | 0001171843-26-002146 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0001171843-26-001971 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001171843-26-001553 ↗ |
| 8-K | 2026-03-10 | 2026-03-05 | 0001104659-26-025822 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001171843-26-001406 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001104659-26-024153 ↗ |