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Pulse Biosciences, Inc.

PLSE

Pulse Biosciences is a medical technology company that develops and commercializes a proprietary Nano-pulse Stimulation (NPS) technology platform, also known as Nanosecond Pulsed-Field Ablation (nsPFA).

Market cap
$2.27B+129%
Revenue$751.0K
Net income-$74.6M-23.8%
Free cash flow-$55.5M-37.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$533.3K
EPS estimate-$0.31

Financials

Q1 2026

Income statement

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Revenue$401.0K
Gross profit$31.0K
Operating income-$19.2M-6.1%
Net income-$18.6M-10.6%

Balance sheet

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Cash & equivalents$68.3M-42.7%
Total debt$7.2M-16.6%
Total equity$66.3M-44.0%
Total assets$81.6M-38.8%

Cash flow

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Operating cash flow-$14.6M-7.9%
CapEx$33.0K-26.7%
Free cash flow-$14.6M-7.8%

Valuation & ratios

Valuation

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Market cap$2.27B+129%
Enterprise value$2.21B+139%
P/S3,021.8×

Profitability

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Operating margin-10,392.1%
Net margin-9,929%
FCF margin-7,390%

Returns & leverage

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Return on equity-80.7%+3.1pp
Debt / equity0.1×0.0×
Current ratio7.3×-8.3×

Competitors

Profile

Pulse Biosciences is a medical technology company that develops and commercializes a proprietary Nano-pulse Stimulation (NPS) technology platform, also known as Nanosecond Pulsed-Field Ablation (nsPFA). The company's core value proposition is a nonthermal energy modality that delivers nanosecond-duration electrical pulses to precisely clear or kill targeted cells while sparing surrounding acellular tissue and nerves. The company is currently focused on applying this technology to the treatment of atrial fibrillation and soft tissue ablation in surgical settings.

Competitive position

A specialized innovator in nanosecond pulsed-field ablation, seeking to disrupt the established thermal ablation market dominated by large medical device incumbents.

GeographiesUnited States, European Union
Customer segmentsSpecialized surgical centers, Hospitals, Electrophysiology clinics
Business modelRazor-and-blade, Medical device manufacturing, IP licensing
SuppliersSpecialized electronic component manufacturers, Medical-grade material suppliers, Contract manufacturers
CustomersAcute care hospitals, Cardiac surgery centers, Specialty medical clinics
Listed2016
Employees56.0
CEOPaul Arthur LaViolette
FilingsSEC EDGAR

Questions, answered.

What is Pulse Biosciences, Inc.'s market cap?
Pulse Biosciences, Inc. (PLSE) has a market capitalization of $2.3B and trades on NASDAQ.
What is Pulse Biosciences, Inc.'s revenue and profitability?
Pulse Biosciences, Inc. generated $751.0K in trailing twelve-month revenue with a net loss of $74.6M, representing a net margin of -9929.0%. Gross margin stands at -4067.5%, with free cash flow of -$55.5M. These figures are based on the Q1 2026 filing.
Who are Pulse Biosciences, Inc.'s competitors?
Pulse Biosciences, Inc.'s key competitors include AtriCure, Inc., Boston Scientific Corporation, Medtronic plc, and others. These companies compete in similar markets and product categories.
Who does Pulse Biosciences, Inc. partner with?
Pulse Biosciences, Inc.'s notable partners include Ospedale del Mare, Mount Sinai Fuster Heart Hospital.
Where is Pulse Biosciences, Inc. headquartered?
Pulse Biosciences, Inc. is headquartered in United States of America and employs approximately 56 people. It has been publicly traded since 2016.