Profound Medical CorpProfound Medical Corp
Profound Medical Corp

Profound Medical Corp

PROF
Health Care·Health Care Equipment & Supplies

Profound Medical Corp. is a commercial-stage medical device company focused on the development and marketing of customizable, incision-free therapeutic systems for the ablation of diseased tissue utilizing its platform technologies. The firm’s product, the TULSA-PRO system, combines real-time MRI, robotically driven transurethral sweeping action/thermal ultrasound, and closed-loop temperature feedback control to ablate whole gland or physician defined region of malignant or benign prostate tissue. It is also focused on developing Sonalleve, a therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases. The company was founded on June 13, 2008 and is headquartered in Mississauga, Canada.

Ontario; Canada
Market cap
No dataNo data
Revenue
$16.1M+50.7% YoY
Net income
$-42.6M−53.0% YoY
Free cash flow
$-38.4M−63.7% YoY

Market

Listed stock
PROFPriceNasdaq
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Financial performance

Revenue
$16.1M+50.7% YoY
Operating income
$-41.3M−24.8% YoY
Net income
$-42.6M−53.0% YoY
Free cash flow
$-38.4M−63.7% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $5.4M, 2022 $4.9M, 2023 $5.4M, 2024 $10.7M, 2025 $16.1M. Operating income: 2021 $-23.7M, 2022 $-23.4M, 2023 $-21.5M, 2024 $-33.1M, 2025 $-41.3M. Net income: 2021 $-23.8M, 2022 $-12.1M, 2023 $-21.3M, 2024 $-27.8M, 2025 $-42.6M. Free cash flow: 2021 $-17.5M, 2022 $-18.8M, 2023 $-17M, 2024 $-23.5M, 2025 $-38.4M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
50.7%−4658 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-23.7M, 2022-12-31 $-23.4M, 2023-12-31 $-21.5M, 2024-12-31 $-33.1M, 2025-12-31 $-41.3M. Net income: 2021-12-31 $-23.8M, 2022-12-31 $-12.1M, 2023-12-31 $-21.3M, 2024-12-31 $-27.8M, 2025-12-31 $-42.6M. Free cash flow: 2021-12-31 $-17.5M, 2022-12-31 $-18.8M, 2023-12-31 $-17M, 2024-12-31 $-23.5M, 2025-12-31 $-38.4M

Growth heatmap

2022202320242025CAGR
Revenue
-9.2%
+11.0%
+97.3%
+50.7%
+31.6%
Gross profit
-4.4%
+47.0%
+117.1%
+61.9%
+49.1%
Operating income
+0.9%
+8.1%
-53.5%
-24.8%
No data
Free cash flow
-7.7%
+9.7%
-38.0%
-63.7%
No data

Earnings quality

Operating cash flow
$-38.2M−62.9% YoY
Net income
$-42.6M−53.0% YoY
Free cash flow
$-38.4M−63.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 90%, 2024-12-31 84%, 2023-12-31 80%, 2022-12-31 156%, 2021-12-31 73%. Free cash flow: 2025-12-31 90%, 2024-12-31 84%, 2023-12-31 80%, 2022-12-31 156%, 2021-12-31 73%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
No data
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Free cash flow yield
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