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Profound Medical

PROF

Profound Medical Corp. is a commercial-stage medical device company that develops and markets AI-powered, MRI-guided, incision-free therapies for the ablation of diseased tissue.

Market cap
$266.35M+59.5%
Revenue$18.8M+58.6%
Net income-$38.9M-21.7%
EPS (diluted)$1.24+3.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$4.8M
EPS estimate-$0.22

Financials

Q1 2026

Income statement

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Revenue$5.3M+104%
Gross profit$3.8M+107%
Operating income-$8.0M+28.2%
Net income-$7.1M+34.2%
EPS (diluted)$0.19-47.2%

Balance sheet

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Cash & equivalents$50.3M+8.3%
Total debt$7.5M+52.8%
Total equity$59.4M+17.0%
Total assets$73.5M+20.7%

Cash flow

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Operating cash flow-$8.6M-3.6%

Valuation & ratios

Valuation

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Market cap$266.35M+59.5%
Enterprise value$223.52M+58.6%
P/S14.2×-0.3×

Profitability

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Gross margin71.1%+3.4pp
Operating margin-202.6%-51.3pp
Net margin-206.8%-39.0pp

Returns & leverage

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Return on equity-70.6%+4.8pp
Debt / equity0.1×0.0×
Current ratio6.6×-4.8×

Segments

By geography

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CA$3.6M+319%
US$1.6M+4.7%
DE$150.0K-33.6%

By product

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Capital Equipment$2.9M+249%
Recurring Non Capital$2.5M+37.4%

Competitors

Profile

Profound Medical Corp. is a commercial-stage medical device company that develops and markets AI-powered, MRI-guided, incision-free therapies for the ablation of diseased tissue. Its core value proposition lies in combining real-time MRI visualization with robotically-driven ultrasound and closed-loop temperature feedback to provide customizable, precise treatments that minimize side effects compared to traditional surgery or radiation.

Competitive position

A specialized player in the incision-free ablation market, leveraging a unique transurethral approach for prostate care and strategic compatibility with major MRI manufacturers.

GeographiesUnited States, European Union, China, South Korea, Canada
Customer segmentsHospitals, Medical Specialists, Surgical Centers
Business modelCapital Equipment Sales, Razor-Razorblade, Recurring Consumables
SuppliersMRI Scanner Manufacturers, Specialized Ultrasound Component Suppliers, Robotic Component Manufacturers
CustomersHospitals, Urology Clinics, Outpatient Surgery Centers, Government and Private Payors
CountryCanada
Listed2016
Employees131.0
CEOArun Swarup Menawat
FilingsSEC EDGAR

Questions, answered.

What is Profound Medical's market cap?
Profound Medical (PROF) has a market capitalization of $266.4M and trades on NASDAQ.
What is Profound Medical's revenue and profitability?
Profound Medical generated $18.8M in trailing twelve-month revenue with a net loss of $38.9M, representing a net margin of -206.8%. Gross margin stands at 71.1%. These figures are based on the Q1 2026 filing.
Who are Profound Medical's competitors?
Profound Medical's key competitors include Intuitive Surgical, TriSalus Life Sciences, Inc. Common Stock, GLOBUS MEDICAL INC, and others. These companies compete in similar markets and product categories.
Who does Profound Medical partner with?
Profound Medical's notable partners include Philips, Siemens Healthineers, GE Healthcare.
Where is Profound Medical headquartered?
Profound Medical is headquartered in Canada and employs approximately 131 people. It has been publicly traded since 2016.