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Discontinued — last reported Q1 '26

Invested capital at other companies

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3.4%+1.8pp
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-129.7%-62.3pp
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17.5%+14.2pp

Other financials

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%
EPS (diluted)-$0.49-2.1%

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

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Market cap$1.77B+38.4%

Profitability

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Gross margin-4,067.5%
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×

Where this comes from

Calculated from Pulse Biosciences, Inc.’s reported figures.

The official record: Pulse Biosciences, Inc.’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pulse Biosciences, Inc.'s invested capital?
Pulse Biosciences, Inc. (PLSE) reported invested capital of $5.13M in Q1 2026.
How has Pulse Biosciences, Inc.'s invested capital changed year-over-year?
Pulse Biosciences, Inc.'s invested capital decreased by 33.8% year-over-year, from $7.75M to $5.13M.
What is the long-term trend for Pulse Biosciences, Inc.'s invested capital?
Over 5 years (2020 to 2025), Pulse Biosciences, Inc.'s invested capital has grown at a -19.3% compound annual growth rate (CAGR), from $21.79M to $7.45M.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).