What is electroCore's operating income?

electroCore's total operating income in 2025 was -$13.15 million, based on the following breakdown: Total Gross Profit: $27.79 million Total Operating Expenses: $40.94 million

electroCore (ECOR) Financials

$5.78 -0.25 (-4.15%)

Closing price 07/16/2026 04:00 PM Eastern

Extended Trading

$5.90 +0.12 (+2.08%)

As of 07/16/2026 04:34 PM Eastern

Compare

Annual Income Statements for electroCore

This table shows electroCore's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-36	-56	-45	-24	-17	-22	-19	-12	-14
Consolidated Net Income / (Loss)	-36	-56	-45	-24	-17	-22	-19	-12	-14
Net Income / (Loss) Continuing Operations	-36	-56	-45	-24	-17	-22	-19	-12	-14
Total Pre-Tax Income	-36	-56	-45	-25	-18	-23	-19	-12	-14
Total Operating Income	-26	-55	-46	-25	-20	-23	-19	-12	-13
Total Gross Profit	0.29	0.41	1.23	1.76	4.07	6.98	13	21	28
Total Revenue	0.81	0.99	2.39	3.50	5.45	8.59	16	25	32
Operating Revenue	0.81	0.99	2.39	3.50	5.45	8.59	16	25	32
Total Cost of Revenue	0.52	0.58	1.16	1.74	1.39	1.62	2.80	3.79	4.24
Operating Cost of Revenue	0.52	0.58	1.16	1.74	1.39	1.62	2.80	3.79	4.24
Total Operating Expenses	26	55	47	27	24	30	32	34	41
Selling, General & Admin Expense	18	43	35	22	22	24	27	31	38
Research & Development Expense	7.83	12	9.90	4.20	2.54	5.52	5.32	2.36	2.74
Total Other Income / (Expense), net	-10	-1.21	0.96	0.07	1.97	0.28	0.25	0.18	-0.81
Interest Expense	10	-	-	0.00	-1.42	-	-	0.39	0.59
Interest & Investment Income	0.10	1.01	0.97	0.08	0.01	0.29	0.43	0.57	0.30
Other Income / (Expense), net	-0.32	-2.22	-0.01	-0.02	0.54	-0.01	-0.18	0.00	-0.52
Income Tax Expense	-	0.00	0.02	-1.17	-0.85	-0.43	-0.19	-0.09	0.00
Basic Earnings per Share	-	$0.00	($1.54)	($0.60)	($4.36)	($4.69)	($3.42)	($1.59)	($1.65)
Weighted Average Basic Shares Outstanding	-	29.26M	29.38M	39.00M	3.95M	4.73M	5.52M	7.48M	8.48M
Diluted Earnings per Share	-	$0.00	($1.54)	($0.60)	($4.36)	($4.69)	($3.42)	($1.59)	($1.65)
Weighted Average Diluted Shares Outstanding	-	29.26M	29.38M	39.00M	3.95M	4.73M	5.52M	7.48M	8.48M
Weighted Average Basic & Diluted Shares Outstanding	-	29.26M	29.38M	39.00M	59.18M	4.74M	6.00M	7.19M	8.08M

This table shows electroCore's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-4.03	-4.03	-3.51	-2.66	-2.50	-3.23	-3.86	-3.67	-3.41	-3.04	-5.27
Consolidated Net Income / (Loss)	-4.03	-4.03	-3.51	-2.66	-2.50	-3.23	-3.86	-3.67	-3.41	-3.04	-5.27
Net Income / (Loss) Continuing Operations	-4.03	-4.03	-3.51	-2.66	-2.50	-3.23	-3.86	-3.67	-3.41	-3.04	-5.27
Total Pre-Tax Income	-4.03	-4.01	-3.63	-2.66	-2.50	-3.20	-3.90	-3.67	-3.41	-2.98	-5.59
Total Operating Income	-4.13	-3.96	-3.85	-2.59	-2.65	-3.07	-3.82	-3.51	-2.88	-2.94	-5.32
Total Gross Profit	3.85	4.09	4.56	5.30	5.49	6.05	5.71	6.44	7.47	8.17	8.36
Total Revenue	4.51	5.19	5.44	6.14	6.55	7.05	6.72	7.38	8.69	9.24	9.58
Operating Revenue	4.51	5.19	5.44	6.14	6.55	7.05	6.72	7.38	8.69	9.24	9.58
Total Cost of Revenue	0.66	1.10	0.89	0.84	1.07	0.99	1.01	0.94	1.22	1.07	1.22
Operating Cost of Revenue	0.66	1.10	0.89	0.84	1.07	0.99	1.01	0.94	1.22	1.07	1.22
Total Operating Expenses	7.97	8.05	8.40	7.89	8.14	9.12	9.53	9.95	10	11	14
Selling, General & Admin Expense	6.72	6.94	8.01	7.26	7.62	8.32	8.89	9.44	9.69	10	13
Research & Development Expense	1.25	1.11	0.40	0.64	0.52	0.81	0.64	0.51	0.66	0.92	0.74
Total Other Income / (Expense), net	0.09	-0.05	0.22	-0.06	0.15	-0.13	-0.08	-0.17	-0.52	-0.04	-0.28
Interest Expense	-	-	-	-	0.01	-	0.01	-	0.21	-	0.32
Interest & Investment Income	0.09	0.14	0.23	0.06	0.16	0.13	0.08	0.07	0.06	0.09	0.05
Other Income / (Expense), net	0.00	-0.18	-0.00	-0.12	0.00	0.12	-0.16	-0.23	-0.38	0.25	-0.01
Income Tax Expense	0.00	0.03	-0.12	0.00	0.00	0.03	-0.05	0.00	0.00	0.05	-0.32
Basic Earnings per Share	($0.68)	($0.73)	($0.53)	($0.38)	($0.31)	($0.43)	($0.47)	($0.44)	($0.40)	($0.34)	($0.59)
Weighted Average Basic Shares Outstanding	5.95M	5.52M	6.62M	7.05M	8.09M	7.48M	8.29M	8.32M	8.45M	8.48M	8.95M
Diluted Earnings per Share	($0.68)	($0.73)	($0.53)	($0.38)	($0.31)	($0.43)	($0.47)	($0.44)	($0.40)	($0.34)	($0.59)
Weighted Average Diluted Shares Outstanding	5.95M	5.52M	6.62M	7.05M	8.09M	7.48M	8.29M	8.32M	8.45M	8.48M	8.95M
Weighted Average Basic & Diluted Shares Outstanding	6.00M	6.00M	6.01M	6.45M	6.55M	7.19M	7.42M	7.58M	8.00M	8.08M	8.30M

This table details how cash moves in and out of electroCore's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	13	-5.60	6.07	-9.32	30	-17	-7.38	-6.88	3.34
Net Cash From Operating Activities	-25	-47	-45	-20	-14	-17	-15	-6.95	-8.19
Net Cash From Continuing Operating Activities	-25	-47	-45	-20	-14	-17	-15	-6.95	-8.19
Net Income / (Loss) Continuing Operations	-36	-56	-45	-24	-17	-22	-19	-12	-14
Consolidated Net Income / (Loss)	-36	-56	-45	-24	-17	-22	-19	-12	-14
Depreciation Expense	0.03	0.07	0.25	0.40	0.38	0.55	0.96	0.76	0.50
Amortization Expense	6.08	-0.50	-0.53	0.03	0.14	0.05	0.06	0.50	1.31
Non-Cash Adjustments To Reconcile Net Income	5.30	9.48	4.05	4.79	1.29	2.88	2.33	1.92	2.64
Changes in Operating Assets and Liabilities, net	-0.71	-0.40	-3.68	-1.76	1.78	2.04	0.82	1.76	1.33
Net Cash From Investing Activities	-24	-37	51	-7.96	18	0.00	-0.21	-8.52	3.88
Net Cash From Continuing Investing Activities	-24	-37	51	-7.96	18	0.00	-0.21	-8.52	3.88
Purchase of Property, Plant & Equipment	-0.15	-0.28	-0.07	-	-	0.00	-0.21	0.00	-0.07
Purchase of Investments	-32	-81	-37	-24	-5.08	-	0.00	-8.52	3.94
Net Cash From Financing Activities	62	78	0.16	19	26	0.00	7.49	8.44	7.63
Net Cash From Continuing Financing Activities	62	78	0.16	19	26	0.00	7.49	8.44	7.63
Repayment of Debt	-1.57	-	-0.70	-	-	-	-	0.00	-0.10
Repurchase of Common Equity	-2.82	-	-	-	-	0.00	-0.66	-0.23	-0.09
Issuance of Debt	20	-	0.81	1.41	0.00	-	-	0.00	7.50
Issuance of Common Equity	-	78	0.05	17	26	0.00	8.14	8.30	0.22
Other Financing Activities, net	-	-	-	-	-	-	0.00	0.37	0.10
Effect of Exchange Rate Changes	-0.23	-	-	-0.21	0.18	-0.08	0.01	0.15	0.02
Cash Interest Paid	0.00	-	0.00	0.01	0.01	0.01	0.01	0.01	0.40

This table details how cash moves in and out of electroCore's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	5.02	-3.13	-2.48	2.45	-5.37	-1.48	0.33	-0.40	4.48	-1.07	-2.18
Net Cash From Operating Activities	-2.37	-3.12	-2.56	-1.77	-1.36	-1.26	-4.36	-0.62	-1.67	-1.54	-3.01
Net Cash From Continuing Operating Activities	-2.37	-3.12	-2.56	-1.77	-1.36	-1.26	-4.36	-0.62	-1.67	-1.54	-3.01
Net Income / (Loss) Continuing Operations	-4.03	-4.03	-3.51	-2.66	-2.50	-3.23	-3.86	-3.67	-3.41	-3.04	-5.27
Consolidated Net Income / (Loss)	-4.03	-4.03	-3.51	-2.66	-2.50	-3.23	-3.86	-3.67	-3.41	-3.04	-5.27
Depreciation Expense	0.29	0.23	0.21	0.20	0.19	0.17	0.16	0.12	0.12	0.11	0.02
Amortization Expense	0.02	0.02	-0.00	0.05	0.04	0.41	0.25	0.08	0.17	0.81	0.11
Non-Cash Adjustments To Reconcile Net Income	0.76	0.72	0.48	0.47	0.40	0.57	0.45	1.13	0.40	0.66	1.07
Changes in Operating Assets and Liabilities, net	0.59	-0.05	0.26	0.16	0.51	0.83	-1.36	1.71	1.05	-0.09	1.07
Net Cash From Investing Activities	-0.07	-0.04	0.00	-3.93	-4.09	-0.50	4.50	0.19	-1.33	0.52	0.60
Net Cash From Continuing Investing Activities	-0.07	-0.04	0.00	-3.93	-4.09	-0.50	4.50	0.19	-1.33	0.52	0.60
Purchase of Property, Plant & Equipment	-0.07	-0.04	0.00	-	-	-	-0.04	-0.03	-0.00	-	-0.00
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	4.54	-	-	-	0.60
Net Cash From Financing Activities	7.49	-	0.00	8.12	-0.05	0.37	0.18	0.00	7.48	-0.04	0.23
Net Cash From Continuing Financing Activities	7.49	-	0.00	8.12	-0.05	0.37	0.18	0.00	7.48	-0.04	0.23
Repayment of Debt	-	-	-	-	-	-	-0.04	-	-	-	0.00
Issuance of Common Equity	8.14	-	0.00	8.30	-	-	0.22	-	-	-	0.00
Other Financing Activities, net	-	-	0.00	-	-	0.37	0.00	0.05	0.05	-	0.23
Effect of Exchange Rate Changes	-0.02	0.04	0.08	0.03	0.13	-0.09	0.00	0.03	-0.01	-0.01	-0.00
Cash Interest Paid	0.00	0.01	0.01	0.00	0.01	-	0.01	-	0.15	0.24	0.24

This table presents electroCore's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	39	74	35	32	43	25	16	20	19
Total Current Assets	39	73	27	25	38	21	14	16	16
Cash & Equivalents	13	7.60	14	4.24	35	18	10	3.70	7.04
Short-Term Investments	24	61	10	18	-	-	0.00	8.52	4.58
Accounts Receivable	0.10	0.27	0.50	0.27	0.44	0.40	0.72	1.37	1.03
Inventories, net	0.33	1.95	0.89	0.88	1.36	1.98	2.16	1.68	1.63
Prepaid Expenses	0.57	1.92	1.09	1.29	1.05	0.83	0.84	1.04	1.40
Plant, Property, & Equipment, net	0.17	0.38	0.35	0.24	0.15	0.05	0.20	0.16	0.38
Total Noncurrent Assets	0.03	0.42	8.58	6.21	5.15	3.53	1.60	4.01	2.62
Other Noncurrent Operating Assets	0.03	0.42	8.58	6.21	5.15	3.53	1.60	4.01	2.62
Total Liabilities & Shareholders' Equity	39	74	35	32	43	25	16	20	19
Total Liabilities	6.43	7.32	11	7.87	6.19	7.67	8.66	13	20
Total Current Liabilities	6.12	7.07	9.14	5.89	5.49	7.05	8.12	9.15	11
Short-Term Debt	-	-	0.11	0.31	-	-	-	-	0.00
Accounts Payable	0.84	2.70	5.21	2.08	0.94	2.13	2.16	1.83	2.71
Accrued Expenses	3.04	4.37	3.34	2.97	4.49	4.84	5.87	6.96	8.26
Other Current Liabilities	2.24	-	0.49	0.53	0.06	0.07	0.09	0.36	0.38
Total Noncurrent Liabilities	0.31	0.25	1.42	1.98	0.70	0.63	0.54	3.78	9.03
Long-Term Debt	-	-	0.00	1.10	-	-	-	0.00	6.61
Other Noncurrent Operating Liabilities	-	-	1.42	0.89	0.70	0.63	0.54	3.78	2.42
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-89	66	25	24	37	17	7.44	7.54	-1.71
Total Preferred & Common Equity	-90	66	24	23	37	17	7.44	7.54	-1.71
Total Common Equity	-90	66	24	23	37	17	7.44	7.54	-1.71
Common Stock	63	104	108	130	161	164	173	185	189
Retained Earnings	-153	-38	-83	-107	-124	-146	-165	-177	-191
Accumulated Other Comprehensive Income / (Loss)	0.08	0.06	-0.04	-0.25	0.01	-0.07	-0.06	0.11	0.10

This table presents electroCore's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	20	14	22	21	16	15	21	15
Total Current Assets	18	12	18	17	12	11	17	13
Cash & Equivalents	13	7.85	10	4.93	3.78	3.37	7.86	4.85
Short-Term Investments	-	-	3.93	8.02	3.98	3.77	5.09	3.98
Accounts Receivable	0.59	0.48	0.54	0.55	1.46	0.81	1.48	0.87
Inventories, net	2.50	2.51	2.58	1.96	1.73	1.43	1.21	1.98
Prepaid Expenses	1.05	0.63	0.36	1.07	0.77	0.92	1.46	0.85
Plant, Property, & Equipment, net	0.18	0.19	0.18	0.17	0.18	0.20	0.19	0.36
Total Noncurrent Assets	2.09	1.99	4.22	4.10	3.89	3.81	3.87	2.59
Other Noncurrent Operating Assets	2.09	1.99	4.22	4.10	3.89	3.81	3.87	2.59
Total Liabilities & Shareholders' Equity	20	14	22	21	16	15	21	15
Total Liabilities	9.07	9.39	11	12	12	13	22	21
Total Current Liabilities	8.51	7.83	7.25	7.91	7.86	9.62	12	12
Short-Term Debt	-	-	-	-	-	-	-	0.25
Accounts Payable	3.03	2.32	1.46	1.24	1.76	2.57	3.07	2.17
Accrued Expenses	5.39	5.41	5.45	6.31	5.73	6.65	8.61	9.51
Other Current Liabilities	0.09	0.09	0.34	0.36	0.36	0.41	0.47	0.38
Total Noncurrent Liabilities	0.56	1.57	3.63	3.68	3.82	3.83	10	8.86
Long-Term Debt	-	-	-	-	-	-	6.53	6.44
Other Noncurrent Operating Liabilities	0.56	1.57	3.63	3.68	3.82	3.83	3.82	2.42
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11	4.50	11	9.46	4.37	1.11	-1.07	-5.69
Total Preferred & Common Equity	11	4.50	11	9.46	4.37	1.11	-1.07	-5.69
Total Common Equity	11	4.50	11	9.46	4.37	1.11	-1.07	-5.69
Common Stock	172	173	183	183	185	186	187	191
Retained Earnings	-161	-169	-171	-174	-181	-185	-188	-196
Accumulated Other Comprehensive Income / (Loss)	-0.10	0.01	0.05	0.18	0.07	-0.02	-0.02	-0.06

This table displays calculated financial ratios and metrics derived from electroCore's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	29,450,034.00	29,514,434.00	45,454,457.00	70,697,680.00	71,176,934.00	6,002,420.00	6,554,591.00	7,995,903.00
DEI Adjusted Shares Outstanding	0.00	1,963,336.00	1,967,629.00	3,030,297.00	4,713,179.00	4,745,129.00	6,002,420.00	6,554,591.00	7,995,903.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-28.43	-22.95	-7.76	-3.65	-4.67	-3.14	-1.81	-1.75
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	22.37%	140.72%	46.25%	55.93%	57.62%	86.57%	57.09%	27.20%
EBITDA Growth	0.00%	-188.14%	18.91%	47.53%	22.02%	-17.42%	17.30%	40.83%	-8.78%
EBIT Growth	0.00%	-118.65%	18.79%	46.28%	21.26%	-17.32%	14.98%	37.48%	-12.41%
NOPAT Growth	0.00%	-112.73%	15.52%	46.30%	19.01%	-14.12%	15.76%	36.88%	-8.15%
Net Income Growth	0.00%	-54.78%	19.04%	47.92%	26.77%	-28.71%	15.02%	36.89%	-17.50%
EPS Growth	0.00%	0.00%	0.00%	61.04%	26.77%	-28.71%	27.08%	53.51%	-3.77%
Operating Cash Flow Growth	0.00%	-85.99%	4.34%	55.51%	32.04%	-22.15%	11.88%	52.63%	-17.83%
Free Cash Flow Firm Growth	0.00%	0.00%	11.42%	47.18%	27.85%	2.85%	14.81%	37.84%	-2.75%
Invested Capital Growth	0.00%	45.57%	139.95%	155.38%	-19.24%	-144.72%	-258.33%	-48.93%	-43.59%
Revenue Q/Q Growth	0.00%	0.00%	14.76%	7.81%	11.51%	14.21%	19.64%	7.95%	7.36%
EBITDA Q/Q Growth	0.00%	0.00%	13.38%	9.72%	6.79%	-4.17%	9.43%	12.31%	7.70%
EBIT Q/Q Growth	0.00%	0.00%	12.99%	9.33%	6.72%	-4.54%	8.37%	8.94%	4.54%
NOPAT Q/Q Growth	0.00%	0.00%	13.31%	8.44%	4.07%	-1.98%	9.23%	6.80%	0.98%
Net Income Q/Q Growth	0.00%	0.00%	13.15%	8.47%	7.40%	-40.83%	28.04%	6.34%	1.36%
EPS Q/Q Growth	0.00%	0.00%	0.00%	14.29%	7.40%	-40.83%	1.16%	-1.27%	1.79%
Operating Cash Flow Q/Q Growth	0.00%	-9.67%	6.37%	21.62%	-6.01%	2.00%	5.73%	21.19%	-3.61%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	23.72%	-15.39%	5.13%	5.52%	13.46%	-35.47%
Invested Capital Q/Q Growth	0.00%	0.00%	229.72%	-51.41%	-7.61%	-383.50%	-17.57%	-24.93%	13.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	36.10%	41.72%	51.60%	50.30%	74.59%	81.19%	82.51%	84.97%	86.75%
EBITDA Margin	-2,446.36%	-5,760.59%	-1,940.41%	-696.14%	-348.16%	-259.36%	-114.96%	-43.30%	-37.03%
Operating Margin	-3,160.31%	-5,494.07%	-1,928.17%	-707.94%	-367.69%	-266.22%	-120.21%	-48.30%	-41.06%
EBIT Margin	-3,199.58%	-5,717.22%	-1,928.68%	-708.45%	-357.77%	-266.29%	-121.35%	-48.30%	-42.68%
Profit (Net Income) Margin	-4,440.01%	-5,616.12%	-1,888.81%	-672.55%	-315.87%	-257.94%	-117.49%	-47.20%	-43.60%
Tax Burden Percent	100.00%	100.00%	100.04%	95.26%	95.29%	98.09%	99.02%	99.22%	100.02%
Interest Burden Percent	138.77%	98.23%	97.89%	99.66%	92.65%	98.75%	97.77%	98.50%	102.14%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	-1,026.41%	-639.94%	-2,956.93%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	-999.01%	-628.54%	-2,933.57%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	929.54%	582.83%	2,874.45%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-109.82%	-112.67%	-99.14%	-96.87%	-57.11%	-82.49%	-153.57%	-158.63%	-478.70%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-3,746.83%	-1,113.86%	-618.65%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-66.18%	-100.71%	-84.62%	-73.95%	-52.46%	-67.70%	-95.22%	-66.51%	-69.86%
Return on Assets (ROA)	-91.83%	-98.93%	-82.87%	-70.20%	-46.32%	-65.58%	-92.19%	-65.00%	-71.37%
Return on Common Equity (ROCE)	301.52%	27.91%	-97.75%	-94.33%	-56.51%	-82.49%	-153.57%	-158.63%	-478.70%
Return on Equity Simple (ROE_SIMPLE)	40.00%	-85.07%	-186.09%	-102.18%	-46.98%	-129.71%	-253.08%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	-38	-32	-17	-14	-16	-13	-8.51	-9.21
NOPAT Margin	-2,212.22%	-3,845.85%	-1,349.72%	-495.56%	-257.39%	-186.36%	-84.14%	-33.81%	-28.74%
Net Nonoperating Expense Percent (NNEP)	-48.63%	-33.25%	-27.86%	-27.40%	-11.40%	-23.36%	-37.46%	-29.58%	-55.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-181.25%	-112.85%	-187.98%
Cost of Revenue to Revenue	63.90%	58.29%	48.40%	49.70%	25.41%	18.81%	17.49%	15.03%	13.25%
SG&A Expenses to Revenue	2,231.37%	4,280.32%	1,481.93%	624.77%	395.76%	283.17%	169.52%	123.89%	119.27%
R&D to Revenue	965.04%	1,255.46%	414.27%	120.18%	46.52%	64.25%	33.19%	9.37%	8.54%
Operating Expenses to Revenue	3,196.41%	5,535.78%	1,979.76%	758.24%	442.29%	347.42%	202.71%	133.27%	127.81%
Earnings before Interest and Taxes (EBIT)	-26	-57	-46	-25	-20	-23	-19	-12	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	-57	-46	-24	-19	-22	-18	-11	-12
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.81	1.93	3.08	1.12	1.07	4.80	14.08	0.00
Price to Tangible Book Value (P/TBV)	0.00	2.81	1.93	3.08	1.12	1.07	4.80	14.08	0.00
Price to Revenue (P/Rev)	96.12	185.67	19.63	20.28	7.55	2.13	2.23	4.22	1.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	24.86	20.75	3.31	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	201.74	117.26	9.88	14.40	1.19	0.04	1.57	3.73	0.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.06	0.00	0.00	0.00	0.00	-3.87
Long-Term Debt to Equity	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	-3.87
Financial Leverage	-1.13	-1.07	-1.02	-0.93	-0.93	-0.98	-1.16	-1.52	-2.95
Leverage Ratio	1.20	1.14	1.20	1.38	1.23	1.26	1.67	2.44	6.71
Compound Leverage Factor	1.66	1.12	1.17	1.38	1.14	1.24	1.63	2.40	6.85
Debt to Total Capital	0.00%	0.00%	0.45%	5.63%	0.00%	0.00%	0.00%	0.00%	134.89%
Short-Term Debt to Total Capital	0.00%	0.00%	0.45%	1.24%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	4.38%	0.00%	0.00%	0.00%	0.00%	134.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	374.55%	0.96%	2.54%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-274.55%	99.04%	97.01%	91.84%	100.00%	100.00%	100.00%	100.00%	-34.89%
Debt to EBITDA	0.00	0.00	0.00	-0.06	0.00	0.00	0.00	0.00	-0.56
Net Debt to EBITDA	0.00	0.00	0.52	0.87	0.00	0.00	0.00	0.00	0.42
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.05	0.00	0.00	0.00	0.00	-0.56
Debt to NOPAT	0.00	0.00	0.00	-0.08	0.00	0.00	0.00	0.00	-0.72
Net Debt to NOPAT	0.00	0.00	0.74	1.22	0.00	0.00	0.00	0.00	0.54
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.06	0.00	0.00	0.00	0.00	-0.72
Altman Z-Score	0.67	12.92	-4.26	-1.10	-0.54	-8.87	-14.42	-7.49	-13.70
Noncontrolling Interest Sharing Ratio	374.55%	124.77%	1.40%	2.62%	1.05%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	6.38	10.28	2.90	4.26	6.84	3.01	1.76	1.78	1.38
Quick Ratio	6.09	9.73	2.69	3.89	6.40	2.57	1.36	1.48	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-40	-36	-19	-14	-13	-11	-6.98	-7.17
Operating Cash Flow to CapEx	-16,606.52%	-16,890.21%	-64,681.08%	0.00%	0.00%	0.00%	-7,120.39%	0.00%	-12,404.55%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-17.94	-12.15
Operating Cash Flow to Interest Expense	-2.49	0.00	0.00	0.00	0.00	0.00	0.00	-17.86	-13.88
Operating Cash Flow Less CapEx to Interest Expense	-2.51	0.00	0.00	0.00	0.00	0.00	0.00	-17.86	-13.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.02	0.04	0.10	0.15	0.25	0.78	1.38	1.64
Accounts Receivable Turnover	7.86	5.36	6.26	9.12	15.39	20.48	28.68	24.17	26.76
Inventory Turnover	1.58	0.51	0.81	1.97	1.24	0.97	1.35	1.97	2.57
Fixed Asset Turnover	4.81	3.61	6.58	11.86	27.88	87.23	126.22	139.13	118.64
Accounts Payable Turnover	0.62	0.33	0.29	0.48	0.92	1.05	1.31	1.90	1.87
Days Sales Outstanding (DSO)	46.42	68.15	58.31	40.02	23.72	17.82	12.73	15.10	13.64
Days Inventory Outstanding (DIO)	230.73	718.09	448.05	185.64	294.82	377.54	269.58	184.96	142.21
Days Payable Outstanding (DPO)	591.55	1,116.07	1,247.40	765.45	397.51	346.37	279.35	192.38	195.19
Cash Conversion Cycle (CCC)	-314.40	-329.83	-741.04	-539.79	-78.96	48.99	2.97	7.68	-39.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	-4.37	-2.38	0.95	2.43	1.96	-0.88	-3.14	-4.68	-6.71
Invested Capital Turnover	-0.19	-0.29	-3.35	2.07	2.49	15.87	-7.99	-6.45	-5.63
Increase / (Decrease) in Invested Capital	0.00	1.99	3.33	1.48	-0.47	-2.84	-2.26	-1.54	-2.04
Enterprise Value (EV)	164	116	24	50	6.49	0.31	25	94	31
Market Capitalization	78	184	47	71	41	18	36	106	36
Book Value per Share	($17.32)	$2.23	$0.82	$0.51	$0.52	$0.24	$1.24	$1.15	($0.21)
Tangible Book Value per Share	($17.32)	$2.23	$0.82	$0.51	$0.52	$0.24	$1.24	$1.15	($0.21)
Total Capital	33	66	25	25	37	17	7.44	7.54	4.90
Total Debt	0.00	0.00	0.11	1.41	0.00	0.00	0.00	0.00	6.61
Total Long-Term Debt	0.00	0.00	0.00	1.10	0.00	0.00	0.00	0.00	6.61
Net Debt	-37	-69	-24	-21	-35	-18	-11	-12	-5.00
Capital Expenditures (CapEx)	0.15	0.28	0.07	0.00	0.00	0.00	0.21	0.00	0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.26	-2.94	-6.56	-3.14	-2.63	-3.83	-4.41	-5.07	-7.29
Debt-free Net Working Capital (DFNWC)	33	66	18	19	32	14	6.17	7.15	4.32
Net Working Capital (NWC)	33	66	17	19	32	14	6.17	7.15	4.32
Net Nonoperating Expense (NNE)	18	18	13	6.19	3.19	6.15	5.35	3.37	4.76
Net Nonoperating Obligations (NNO)	-37	-69	-24	-21	-35	-18	-11	-12	-5.00
Total Depreciation and Amortization (D&A)	6.11	-0.43	-0.28	0.43	0.52	0.60	1.03	1.26	1.81
Debt-free, Cash-free Net Working Capital to Revenue	-525.06%	-295.87%	-274.38%	-89.92%	-48.30%	-44.62%	-27.51%	-20.14%	-22.77%
Debt-free Net Working Capital to Revenue	4,056.17%	6,609.13%	732.16%	557.37%	588.08%	164.43%	38.50%	28.39%	13.48%
Net Working Capital to Revenue	4,056.17%	6,609.13%	727.48%	548.46%	588.08%	164.43%	38.50%	28.39%	13.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($17.85)	($23.10)	($9.00)	($4.35)	($4.69)	($3.42)	($1.59)	($1.65)
Adjusted Weighted Average Basic Shares Outstanding	0.00	1.96M	2.00M	3.23M	4.71M	4.73M	5.52M	7.48M	8.48M
Adjusted Diluted Earnings per Share	$0.00	($17.85)	($23.10)	($9.00)	($4.35)	($4.69)	($3.42)	($1.59)	($1.65)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	1.96M	2.00M	3.23M	4.71M	4.73M	5.52M	7.48M	8.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	($17.85)	($23.10)	($9.00)	($4.35)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	1.95M	1.96M	2.60M	3.95M	4.74M	6.00M	7.19M	8.08M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-38	-31	-17	-14	-16	-13	-8.51	-9.21
Normalized NOPAT Margin	-2,212.22%	-3,845.85%	-1,291.22%	-486.26%	-257.39%	-186.36%	-84.14%	-33.81%	-28.74%
Pre Tax Income Margin	-4,440.01%	-5,615.88%	-1,888.07%	-706.04%	-331.48%	-262.95%	-118.65%	-47.57%	-43.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.55	0.00	0.00	0.00	0.00	0.00	0.00	-31.26	-23.17
NOPAT to Interest Expense	-1.77	0.00	0.00	0.00	0.00	0.00	0.00	-21.89	-15.61
EBIT Less CapEx to Interest Expense	-2.57	0.00	0.00	0.00	0.00	0.00	0.00	-31.26	-23.28
NOPAT Less CapEx to Interest Expense	-1.78	0.00	0.00	0.00	0.00	0.00	0.00	-21.89	-15.72
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-7.82%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.49%	-1.95%	-0.67%

This table displays calculated financial ratios and metrics derived from electroCore's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	5,985,043.00	6,002,420.00	6,002,628.00	6,006,064.00	6,446,866.00	6,554,591.00	7,193,092.00	7,420,618.00	7,583,445.00	7,995,903.00	8,083,558.00
DEI Adjusted Shares Outstanding	5,985,043.00	6,002,420.00	6,002,628.00	6,006,064.00	6,446,866.00	6,554,591.00	7,193,092.00	7,420,618.00	7,583,445.00	7,995,903.00	8,083,558.00
DEI Earnings Per Adjusted Shares Outstanding	-0.67	-0.67	-0.58	-0.44	-0.39	-0.49	-0.54	-0.49	-0.45	-0.38	-0.65
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	128.14%	102.77%	95.79%	72.88%	45.39%	35.73%	23.44%	20.23%	32.58%	31.18%	42.64%
EBITDA Growth	29.32%	32.44%	39.75%	47.07%	36.55%	39.25%	2.00%	-43.74%	-22.66%	25.38%	-45.28%
EBIT Growth	25.74%	30.01%	37.82%	45.67%	35.75%	28.83%	-3.32%	-37.97%	-22.93%	8.85%	-33.79%
NOPAT Growth	25.74%	33.11%	37.89%	48.06%	35.75%	22.41%	0.70%	-35.31%	-8.79%	4.23%	-39.09%
Net Income Growth	26.06%	64.54%	40.24%	45.85%	38.07%	19.94%	-9.95%	-38.27%	-36.36%	5.98%	-36.73%
EPS Growth	43.33%	40.16%	57.26%	63.11%	54.41%	41.10%	11.32%	-15.79%	-29.03%	20.93%	-25.53%
Operating Cash Flow Growth	48.49%	22.20%	56.35%	46.50%	42.56%	59.81%	-70.25%	64.84%	-22.45%	-22.71%	30.93%
Free Cash Flow Firm Growth	104.37%	61.16%	128.56%	65.87%	-963.11%	-20.90%	-540.76%	289.02%	353.57%	96.63%	117.68%
Invested Capital Growth	-964.08%	-258.33%	-1,058.52%	-84.77%	-40.15%	-48.93%	-1.14%	-108.84%	-107.06%	-43.59%	-114.90%
Revenue Q/Q Growth	26.95%	15.15%	4.85%	12.79%	6.76%	7.51%	-4.64%	9.85%	17.72%	6.38%	3.69%
EBITDA Q/Q Growth	17.89%	-2.07%	6.34%	32.57%	1.58%	2.27%	-51.10%	1.23%	16.02%	40.55%	-194.17%
EBIT Q/Q Growth	17.28%	-0.39%	6.98%	29.67%	2.18%	-11.20%	-35.04%	6.20%	12.84%	17.55%	-98.21%
NOPAT Q/Q Growth	17.28%	4.07%	2.75%	32.68%	-2.32%	-15.84%	-24.45%	8.27%	17.74%	-1.98%	-80.75%
Net Income Q/Q Growth	17.76%	0.00%	13.05%	24.27%	5.95%	-29.28%	-19.42%	4.77%	7.25%	10.87%	-73.67%
EPS Q/Q Growth	33.98%	-7.35%	27.40%	28.30%	18.42%	-38.71%	-9.30%	6.38%	9.09%	15.00%	-73.53%
Operating Cash Flow Q/Q Growth	28.35%	-31.61%	18.09%	30.73%	23.08%	7.92%	-247.01%	85.69%	-167.90%	7.73%	-95.32%
Free Cash Flow Firm Q/Q Growth	107.15%	-659.03%	217.75%	-172.56%	-80.70%	21.69%	-329.27%	131.12%	142.40%	-101.04%	2,350.24%
Invested Capital Q/Q Growth	-64.00%	-17.57%	-14.78%	16.51%	-24.40%	-24.93%	22.05%	-72.39%	-23.34%	13.36%	-16.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.34%	78.81%	83.69%	86.35%	83.75%	85.89%	84.92%	87.28%	85.97%	88.39%	87.27%
EBITDA Margin	-84.72%	-75.09%	-67.08%	-40.10%	-36.97%	-33.61%	-53.25%	-47.95%	-34.20%	-19.12%	-54.24%
Operating Margin	-91.53%	-76.25%	-70.71%	-42.21%	-40.45%	-43.59%	-56.88%	-47.50%	-33.19%	-31.82%	-55.47%
EBIT Margin	-91.53%	-79.79%	-70.79%	-44.14%	-40.45%	-41.84%	-59.25%	-50.66%	-37.51%	-29.07%	-55.57%
Profit (Net Income) Margin	-89.44%	-77.67%	-64.41%	-43.25%	-38.10%	-45.81%	-57.37%	-49.74%	-39.19%	-32.84%	-55.00%
Tax Burden Percent	100.00%	100.62%	96.64%	100.00%	100.00%	100.91%	98.77%	100.00%	100.00%	101.71%	94.26%
Interest Burden Percent	97.72%	96.74%	94.16%	97.97%	94.19%	108.51%	98.04%	98.18%	104.48%	111.05%	104.99%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-157.47%	-153.57%	-201.59%	-153.49%	-123.84%	-158.63%	-276.15%	-210.58%	-337.84%	-478.70%	2,325.32%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-49.45%	-62.61%	-82.21%	-51.37%	-45.86%	-57.62%	-104.75%	-76.03%	-52.71%	-47.59%	-123.04%
Return on Assets (ROA)	-48.32%	-60.95%	-74.81%	-50.32%	-43.19%	-63.09%	-101.43%	-74.64%	-55.07%	-53.75%	-121.77%
Return on Common Equity (ROCE)	-157.47%	-153.57%	-201.59%	-153.49%	-123.84%	-158.63%	-276.15%	-210.58%	-337.84%	-478.70%	2,325.32%
Return on Equity Simple (ROE_SIMPLE)	-237.08%	0.00%	-366.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.89	-2.77	-2.69	-1.81	-1.86	-2.15	-2.68	-2.45	-2.02	-2.06	-3.72
NOPAT Margin	-64.07%	-53.37%	-49.50%	-29.54%	-28.31%	-30.51%	-39.82%	-33.25%	-23.23%	-22.27%	-38.83%
Net Nonoperating Expense Percent (NNEP)	-6.42%	-8.84%	-8.01%	-7.26%	-4.77%	-9.46%	-14.65%	-11.13%	-13.95%	-11.34%	-30.53%
Return On Investment Capital (ROIC_SIMPLE)	-	-37.23%	-59.93%	-15.81%	-19.63%	-28.50%	-61.29%	-220.50%	-37.02%	-42.03%	-372.49%
Cost of Revenue to Revenue	14.66%	21.19%	16.31%	13.65%	16.25%	14.11%	15.08%	12.72%	14.03%	11.61%	12.73%
SG&A Expenses to Revenue	149.16%	133.71%	147.07%	118.21%	116.25%	118.05%	132.25%	127.86%	111.54%	110.26%	135.02%
R&D to Revenue	27.71%	21.34%	7.33%	10.34%	7.95%	11.42%	9.56%	6.92%	7.62%	9.95%	7.72%
Operating Expenses to Revenue	176.86%	155.06%	154.40%	128.56%	124.20%	129.48%	141.81%	134.78%	119.16%	120.21%	142.74%
Earnings before Interest and Taxes (EBIT)	-4.13	-4.14	-3.85	-2.71	-2.65	-2.95	-3.98	-3.74	-3.26	-2.69	-5.33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.82	-3.90	-3.65	-2.46	-2.42	-2.37	-3.58	-3.54	-2.97	-1.77	-5.20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.29	4.80	8.24	3.37	4.92	14.08	11.02	35.20	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	3.29	4.80	8.24	3.37	4.92	14.08	11.02	35.20	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.71	2.23	1.98	1.81	2.00	4.22	1.82	1.41	1.26	1.12	1.40
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.69	1.57	1.55	1.13	1.43	3.73	1.52	1.15	1.03	0.96	1.34
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-6.08	-3.87	-1.18
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-6.08	-3.87	-1.13
Financial Leverage	-1.07	-1.16	-1.24	-1.25	-1.31	-1.52	-1.82	-1.74	-2.37	-2.95	7.67
Leverage Ratio	1.49	1.67	1.97	1.97	2.01	2.44	3.38	2.93	5.07	6.71	-23.83
Compound Leverage Factor	1.46	1.61	1.85	1.93	1.89	2.65	3.31	2.88	5.29	7.45	-25.02
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	119.68%	134.89%	669.37%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.03%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	119.68%	134.89%	644.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-19.68%	-34.89%	-569.37%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.51	-0.56	-0.50
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.52	0.42	0.16
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.51	-0.56	-0.48
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.70	-0.72	-0.65
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.72	0.54	0.21
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.70	-0.72	-0.63
Altman Z-Score	-8.27	-11.28	-13.87	-7.48	-7.96	-6.01	-12.18	-14.87	-10.11	-11.75	-15.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.10	1.76	1.50	2.48	2.12	1.78	1.52	1.10	1.43	1.38	1.02
Quick Ratio	1.65	1.36	1.06	2.04	1.71	1.48	1.17	0.83	1.19	1.11	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.09	-0.51	0.60	-0.43	-0.78	-0.61	-2.63	0.82	1.99	-0.02	0.47
Operating Cash Flow to CapEx	-3,206.76%	-7,617.07%	0.00%	0.00%	0.00%	0.00%	-11,770.27%	-2,492.00%	-41,725.00%	0.00%	-150,400.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-156.74	0.00	-526.88	0.00	9.55	0.00	1.46
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	-272.60	0.00	-871.00	0.00	-8.02	0.00	-9.46
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-272.60	0.00	-878.40	0.00	-8.04	0.00	-9.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.78	1.16	1.16	1.13	1.38	1.77	1.50	1.41	1.64	2.21
Accounts Receivable Turnover	28.12	28.68	54.34	54.85	40.89	24.17	27.36	41.01	29.39	26.76	29.94
Inventory Turnover	1.05	1.35	1.30	1.41	1.75	1.97	1.84	2.00	2.63	2.57	2.40
Fixed Asset Turnover	105.09	126.22	165.42	144.28	134.06	139.13	141.11	146.56	163.93	118.64	127.59
Accounts Payable Turnover	0.95	1.31	1.50	1.86	1.82	1.90	1.91	1.99	1.93	1.87	2.26
Days Sales Outstanding (DSO)	12.98	12.73	6.72	6.65	8.93	15.10	13.34	8.90	12.42	13.64	12.19
Days Inventory Outstanding (DIO)	347.95	269.58	281.31	259.02	208.77	184.96	197.90	182.36	138.73	142.21	152.16
Days Payable Outstanding (DPO)	384.15	279.35	243.95	195.74	200.46	192.38	190.71	183.05	188.85	195.19	161.47
Cash Conversion Cycle (CCC)	-23.22	2.97	44.07	69.93	17.23	7.68	20.53	8.22	-37.71	-39.34	2.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2.67	-3.14	-3.60	-3.01	-3.74	-4.68	-3.64	-6.28	-7.75	-6.71	-7.83
Invested Capital Turnover	-11.35	-7.99	-9.55	-9.18	-7.28	-6.45	-7.30	-5.96	-5.19	-5.63	-6.08
Increase / (Decrease) in Invested Capital	-2.98	-2.26	-3.29	-1.38	-1.07	-1.54	-0.04	-3.27	-4.01	-2.04	-4.19
Enterprise Value (EV)	23	25	29	24	33	94	40	32	31	31	47
Market Capitalization	36	36	37	39	47	106	48	39	38	36	49
Book Value per Share	$1.84	$1.24	$0.75	$1.91	$1.47	$1.15	$0.61	$0.15	($0.14)	($0.21)	($0.70)
Tangible Book Value per Share	$1.84	$1.24	$0.75	$1.91	$1.47	$1.15	$0.61	$0.15	($0.14)	($0.21)	($0.70)
Total Capital	11	7.44	4.50	11	9.46	7.54	4.37	1.11	5.45	4.90	1.00
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.53	6.61	6.69
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.53	6.61	6.44
Net Debt	-14	-11	-8.10	-14	-13	-12	-8.01	-7.40	-6.68	-5.00	-2.14
Capital Expenditures (CapEx)	0.07	0.04	0.00	0.00	0.00	0.00	0.04	0.03	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.38	-4.41	-4.22	-3.77	-4.33	-5.07	-3.89	-6.46	-8.00	-7.29	-8.37
Debt-free Net Working Capital (DFNWC)	9.33	6.17	3.88	11	8.87	7.15	4.12	0.94	5.21	4.32	0.46
Net Working Capital (NWC)	9.33	6.17	3.88	11	8.87	7.15	4.12	0.94	5.21	4.32	0.21
Net Nonoperating Expense (NNE)	1.14	1.26	0.81	0.84	0.64	1.08	1.18	1.22	1.39	0.98	1.55
Net Nonoperating Obligations (NNO)	-14	-11	-8.10	-14	-13	-12	-8.01	-7.40	-6.68	-5.00	-2.14
Total Depreciation and Amortization (D&A)	0.31	0.24	0.20	0.25	0.23	0.58	0.40	0.20	0.29	0.92	0.13
Debt-free, Cash-free Net Working Capital to Revenue	-32.68%	-27.51%	-22.55%	-17.73%	-18.56%	-20.14%	-14.71%	-23.31%	-26.80%	-22.77%	-23.98%
Debt-free Net Working Capital to Revenue	69.64%	38.50%	20.77%	50.31%	38.01%	28.39%	15.56%	3.39%	17.45%	13.48%	1.33%
Net Working Capital to Revenue	69.64%	38.50%	20.77%	50.31%	38.01%	28.39%	15.56%	3.39%	17.45%	13.48%	0.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.68)	($0.73)	($0.53)	($0.38)	($0.31)	($0.43)	($0.47)	($0.44)	($0.40)	($0.34)	($0.59)
Adjusted Weighted Average Basic Shares Outstanding	5.95M	5.52M	6.62M	7.05M	8.09M	7.48M	8.29M	8.32M	8.45M	8.48M	8.95M
Adjusted Diluted Earnings per Share	($0.68)	($0.73)	($0.53)	($0.38)	($0.31)	($0.43)	($0.47)	($0.44)	($0.40)	($0.34)	($0.59)
Adjusted Weighted Average Diluted Shares Outstanding	5.95M	5.52M	6.62M	7.05M	8.09M	7.48M	8.29M	8.32M	8.45M	8.48M	8.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.73)	$0.00	$0.00	$0.00	($0.43)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	6.00M	6.00M	6.01M	6.45M	6.55M	7.19M	7.42M	7.58M	8.00M	8.08M	8.30M
Normalized Net Operating Profit after Tax (NOPAT)	-2.89	-2.77	-2.69	-1.81	-1.86	-2.15	-2.68	-2.45	-2.02	-2.06	-3.72
Normalized NOPAT Margin	-64.07%	-53.37%	-49.50%	-29.54%	-28.31%	-30.51%	-39.82%	-33.25%	-23.23%	-22.27%	-38.83%
Pre Tax Income Margin	-89.44%	-77.19%	-66.65%	-43.25%	-38.10%	-45.40%	-58.09%	-49.74%	-39.19%	-32.28%	-58.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	-530.20	0.00	-796.20	0.00	-15.67	0.00	-16.75
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	-371.14	0.00	-535.08	0.00	-9.71	0.00	-11.70
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-530.20	0.00	-803.60	0.00	-15.69	0.00	-16.75
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-371.14	0.00	-542.48	0.00	-9.73	0.00	-11.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.51%	-3.49%	0.00%	-5.88%	-1.83%	-1.95%	0.00%	-1.00%	-0.38%	-0.67%	0.00%

Financials Breakdown Chart

electroCore Financials - Frequently Asked Questions

According to the most recent income statement we have on file, electroCore's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

electroCore's net income appears to be on a downward trend, with a most recent value of -$13.97 million in 2025, falling from -$36.03 million in 2017. The previous period was -$11.89 million in 2024. Find out what analysts predict for electroCore in the coming months.

electroCore's total operating income in 2025 was -$13.15 million, based on the following breakdown:

Total Gross Profit: $27.79 million
Total Operating Expenses: $40.94 million

Over the last 8 years, electroCore's total revenue changed from $811.46 thousand in 2017 to $32.03 million in 2025, a change of 3,847.5%.

electroCore's total liabilities were at $20.38 million at the end of 2025, a 57.6% increase from 2024, and a 217.1% increase since 2017.

In the past 8 years, electroCore's cash and equivalents has ranged from $3.70 million in 2024 to $34.69 million in 2021, and is currently $7.04 million as of their latest financial filing in 2025.

Over the last 8 years, electroCore's book value per share changed from -17.32 in 2017 to -0.21 in 2025, a change of -98.8%.

Related Companies

Financial statements for NASDAQ:ECOR last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

electroCore (ECOR) Financials

Financials Breakdown Chart

electroCore Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

electroCore (ECOR) Financials

Annual Income Statements for electroCore

Quarterly Income Statements for electroCore

Annual Cash Flow Statements for electroCore

Quarterly Cash Flow Statements for electroCore

Annual Balance Sheets for electroCore

Quarterly Balance Sheets for electroCore

Annual Metrics And Ratios for electroCore

Quarterly Metrics And Ratios for electroCore

Financials Breakdown Chart

electroCore Financials - Frequently Asked Questions

When does electroCore's fiscal year end?

How has electroCore's net income changed over the last 8 years?

What is electroCore's operating income?

How has electroCore's revenue changed over the last 8 years?

How much debt does electroCore have?

How much cash does electroCore have?

How has electroCore's book value per share changed over the last 8 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools