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electroCore (ECOR) Financials

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$8.09 +1.39 (+20.75%)
Closing price 08/7/2026 04:00 PM Eastern
Extended Trading
$7.82 -0.27 (-3.40%)
As of 08/7/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for electroCore

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

Quarterly Income Statements for electroCore

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -4.03 -3.51 -2.66 -2.50 -3.23 -3.86 -3.67 -3.41 -3.04 -5.27 -3.06
Consolidated Net Income / (Loss)		 -4.03 -3.51 -2.66 -2.50 -3.23 -3.86 -3.67 -3.41 -3.04 -5.27 -3.06
Net Income / (Loss) Continuing Operations		 -4.03 -3.51 -2.66 -2.50 -3.23 -3.86 -3.67 -3.41 -3.04 -5.27 -3.06
Total Pre-Tax Income 		-4.01 -3.63 -2.66 -2.50 -3.20 -3.90 -3.67 -3.41 -2.98 -5.59 -3.06
Total Operating Income		 -3.96 -3.85 -2.59 -2.65 -3.07 -3.82 -3.51 -2.88 -2.94 -5.32 -2.77
Total Gross Profit		 4.09 4.56 5.30 5.49 6.05 5.71 6.44 7.47 8.17 8.36 8.18
Total Revenue		 5.19 5.44 6.14 6.55 7.05 6.72 7.38 8.69 9.24 9.58 9.45
Operating Revenue		 5.19 5.44 6.14 6.55 7.05 6.72 7.38 8.69 9.24 9.58 9.45
Total Cost of Revenue		 1.10 0.89 0.84 1.07 0.99 1.01 0.94 1.22 1.07 1.22 1.27
Operating Cost of Revenue		 1.10 0.89 0.84 1.07 0.99 1.01 0.94 1.22 1.07 1.22 1.27
Total Operating Expenses		 8.05 8.40 7.89 8.14 9.12 9.53 9.95 10 11 14 11
Selling, General & Admin Expense		 6.94 8.01 7.26 7.62 8.32 8.89 9.44 9.69 10 13 10
Research & Development Expense		 1.11 0.40 0.64 0.52 0.81 0.64 0.51 0.66 0.92 0.74 0.82
Total Other Income / (Expense), net		 -0.05 0.22 -0.06 0.15 -0.13 -0.08 -0.17 -0.52 -0.04 -0.28 -0.29
Interest Expense		 - - - 0.01 - 0.01 0.01 0.21 - 0.32 0.32
Interest & Investment Income		 0.14 0.23 0.06 0.16 0.13 0.08 0.07 0.06 0.09 0.05 0.04
Other Income / (Expense), net		 -0.18 -0.00 -0.12 0.00 0.12 -0.16 -0.23 -0.38 0.25 -0.01 -0.01
Income Tax Expense		 0.03 -0.12 0.00 0.00 0.03 -0.05 0.00 0.00 0.05 -0.32 0.00
Basic Earnings per Share		 ($0.73) ($0.53) ($0.38) ($0.31) ($0.43) ($0.47) ($0.44) ($0.40) ($0.34) ($0.59) ($0.33)
Weighted Average Basic Shares Outstanding		 5.52M 6.62M 7.05M 8.09M 7.48M 8.29M 8.32M 8.45M 8.48M 8.95M 9.40M
Diluted Earnings per Share		 ($0.73) ($0.53) ($0.38) ($0.31) ($0.43) ($0.47) ($0.44) ($0.40) ($0.34) ($0.59) ($0.33)
Weighted Average Diluted Shares Outstanding		 5.52M 6.62M 7.05M 8.09M 7.48M 8.29M 8.32M 8.45M 8.48M 8.95M 9.40M
Weighted Average Basic & Diluted Shares Outstanding		 6.00M 6.01M 6.45M 6.55M 7.19M 7.42M 7.58M 8.00M 8.08M 8.30M 9.02M

Annual Cash Flow Statements for electroCore

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

Quarterly Cash Flow Statements for electroCore

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -3.13 -2.48 2.45 -5.37 -1.48 0.33 -0.40 4.48 -1.07 -2.18 3.65
Net Cash From Operating Activities		 -3.12 -2.56 -1.77 -1.36 -1.26 -4.36 -0.62 -1.67 -1.54 -3.01 -3.52
Net Cash From Continuing Operating Activities		 -3.12 -2.56 -1.77 -1.36 -1.26 -4.36 -0.62 -1.67 -1.54 -3.01 -3.52
Net Income / (Loss) Continuing Operations		 -4.03 -3.51 -2.66 -2.50 -3.23 -3.86 -3.67 -3.41 -3.04 -5.27 -3.06
Consolidated Net Income / (Loss)		 -4.03 -3.51 -2.66 -2.50 -3.23 -3.86 -3.67 -3.41 -3.04 -5.27 -3.06
Depreciation Expense		 0.23 0.21 0.20 0.19 0.17 0.16 0.12 0.12 0.11 0.02 0.01
Amortization Expense		 0.02 -0.00 0.05 0.04 0.41 0.25 0.08 0.17 0.81 0.11 0.11
Non-Cash Adjustments To Reconcile Net Income		 0.72 0.48 0.47 0.40 0.57 0.45 1.13 0.40 0.66 1.07 0.86
Changes in Operating Assets and Liabilities, net		 -0.05 0.26 0.16 0.51 0.83 -1.36 1.71 1.05 -0.09 1.07 -1.43
Net Cash From Investing Activities		 -0.04 0.00 -3.93 -4.09 -0.50 4.50 0.19 -1.33 0.52 0.60 2.43
Net Cash From Continuing Investing Activities		 -0.04 0.00 -3.93 -4.09 -0.50 4.50 0.19 -1.33 0.52 0.60 2.43
Purchase of Property, Plant & Equipment		 -0.04 0.00 - - - -0.04 -0.03 -0.00 - -0.00 -0.00
Sale and/or Maturity of Investments		 - 0.00 - - - 4.54 - - - 0.60 2.43
Net Cash From Financing Activities		 - 0.00 8.12 -0.05 0.37 0.18 0.00 7.48 -0.04 0.23 4.74
Net Cash From Continuing Financing Activities		 - 0.00 8.12 -0.05 0.37 0.18 0.00 7.48 -0.04 0.23 4.74
Other Financing Activities, net		 - 0.00 - - 0.37 0.00 0.05 0.05 - 0.23 4.74
Effect of Exchange Rate Changes		 0.04 0.08 0.03 0.13 -0.09 0.00 0.03 -0.01 -0.01 -0.00 -0.01
Cash Interest Paid		 0.01 0.01 0.00 0.01 - 0.01 - 0.15 0.24 0.24 0.40

Annual Balance Sheets for electroCore

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

Quarterly Balance Sheets for electroCore

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 Q2 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 6/30/2026
Total Assets		 20 14 22 21 16 15 21 15 17
Total Current Assets		 18 12 18 17 12 11 17 13 14
Cash & Equivalents		 13 7.85 10 4.93 3.78 3.37 7.86 4.85 8.50
Short-Term Investments		 - - 3.93 8.02 3.98 3.77 5.09 3.98 1.54
Accounts Receivable		 0.59 0.48 0.54 0.55 1.46 0.81 1.48 0.87 0.91
Inventories, net		 2.50 2.51 2.58 1.96 1.73 1.43 1.21 1.98 2.42
Prepaid Expenses		 1.05 0.63 0.36 1.07 0.77 0.92 1.46 0.85 0.75
Plant, Property, & Equipment, net		 0.18 0.19 0.18 0.17 0.18 0.20 0.19 0.36 0.38
Total Noncurrent Assets		 2.09 1.99 4.22 4.10 3.89 3.81 3.87 2.59 2.57
Other Noncurrent Operating Assets		 2.09 1.99 4.22 4.10 3.89 3.81 3.87 2.59 2.57
Total Liabilities & Shareholders' Equity		 20 14 22 21 16 15 21 15 17
Total Liabilities		 9.07 9.39 11 12 12 13 22 21 20
Total Current Liabilities		 8.51 7.83 7.25 7.91 7.86 9.62 12 12 12
Short-Term Debt		 - - - - - - - 0.25 1.00
Accounts Payable		 3.03 2.32 1.46 1.24 1.76 2.57 3.07 2.17 2.18
Accrued Expenses		 5.39 5.41 5.45 6.31 5.73 6.65 8.61 9.51 8.11
Other Current Liabilities		 0.09 0.09 0.34 0.36 0.36 0.41 0.47 0.38 0.38
Total Noncurrent Liabilities		 0.56 1.57 3.63 3.68 3.82 3.83 10 8.86 8.18
Long-Term Debt		 - - - - - - 6.53 6.44 5.77
Other Noncurrent Operating Liabilities		 0.56 1.57 3.63 3.68 3.82 3.83 3.82 2.42 2.41
Commitments & Contingencies		 0.00 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 -2.79
Total Preferred & Common Equity		 11 4.50 11 9.46 4.37 1.11 -1.07 -5.69 -2.79
Total Common Equity		 11 4.50 11 9.46 4.37 1.11 -1.07 -5.69 -2.79
Common Stock		 172 173 183 183 185 186 187 191 197
Retained Earnings		 -161 -169 -171 -174 -181 -185 -188 -196 -199
Accumulated Other Comprehensive Income / (Loss)		 -0.10 0.01 0.05 0.18 0.07 -0.02 -0.02 -0.06 0.02

Annual Metrics And Ratios for electroCore

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%

Quarterly Metrics And Ratios for electroCore

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 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 8,295,707.00
DEI Adjusted Shares Outstanding		 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 8,295,707.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.67 -0.58 -0.44 -0.39 -0.49 -0.54 -0.49 -0.45 -0.38 -0.65 -0.37
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 102.77% 95.79% 72.88% 45.39% 35.73% 23.44% 20.23% 32.58% 31.18% 42.64% 28.03%
EBITDA Growth		 32.44% 39.75% 47.07% 36.55% 39.25% 2.00% -43.74% -22.66% 25.38% -45.28% 29.57%
EBIT Growth		 30.01% 37.82% 45.67% 35.75% 28.83% -3.32% -37.97% -22.93% 8.85% -33.79% 25.60%
NOPAT Growth		 33.11% 37.89% 48.06% 35.75% 22.41% 0.70% -35.31% -8.79% 4.23% -39.09% 20.94%
Net Income Growth		 64.54% 40.24% 45.85% 38.07% 19.94% -9.95% -38.27% -36.36% 5.98% -36.73% 16.67%
EPS Growth		 40.16% 57.26% 63.11% 54.41% 41.10% 11.32% -15.79% -29.03% 20.93% -25.53% 25.00%
Operating Cash Flow Growth		 22.20% 56.35% 46.50% 42.56% 59.81% -70.25% 64.84% -22.45% -22.71% 30.93% -464.69%
Free Cash Flow Firm Growth		 61.16% 128.56% 65.87% -963.11% -20.90% -540.76% 289.02% 353.57% 96.63% 117.68% -363.04%
Invested Capital Growth		 -258.33% -1,058.52% -84.77% -40.15% -48.93% -1.14% -108.84% -107.06% -43.59% -114.90% 3.44%
Revenue Q/Q Growth		 15.15% 4.85% 12.79% 6.76% 7.51% -4.64% 9.85% 17.72% 6.38% 3.69% -1.40%
EBITDA Q/Q Growth		 -2.07% 6.34% 32.57% 1.58% 2.27% -51.10% 1.23% 16.02% 40.55% -194.17% 48.73%
EBIT Q/Q Growth		 -0.39% 6.98% 29.67% 2.18% -11.20% -35.04% 6.20% 12.84% 17.55% -98.21% 47.84%
NOPAT Q/Q Growth		 4.07% 2.75% 32.68% -2.32% -15.84% -24.45% 8.27% 17.74% -1.98% -80.75% 47.86%
Net Income Q/Q Growth		 0.00% 13.05% 24.27% 5.95% -29.28% -19.42% 4.77% 7.25% 10.87% -73.67% 41.97%
EPS Q/Q Growth		 -7.35% 27.40% 28.30% 18.42% -38.71% -9.30% 6.38% 9.09% 15.00% -73.53% 44.07%
Operating Cash Flow Q/Q Growth		 -31.61% 18.09% 30.73% 23.08% 7.92% -247.01% 85.69% -167.90% 7.73% -95.32% -16.95%
Free Cash Flow Firm Q/Q Growth		 -659.03% 217.75% -172.56% -80.70% 21.69% -329.27% 131.12% 142.40% -101.04% 2,350.24% -562.95%
Invested Capital Q/Q Growth		 -17.57% -14.78% 16.51% -24.40% -24.93% 22.05% -72.39% -23.34% 13.36% -16.65% 22.54%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 78.81% 83.69% 86.35% 83.75% 85.89% 84.92% 87.28% 85.97% 88.39% 87.27% 86.53%
EBITDA Margin		 -75.09% -67.08% -40.10% -36.97% -33.61% -53.25% -47.95% -34.20% -19.12% -54.24% -28.20%
Operating Margin		 -76.25% -70.71% -42.21% -40.45% -43.59% -56.88% -47.50% -33.19% -31.82% -55.47% -29.33%
EBIT Margin		 -79.79% -70.79% -44.14% -40.45% -41.84% -59.25% -50.66% -37.51% -29.07% -55.57% -29.40%
Profit (Net Income) Margin		 -77.67% -64.41% -43.25% -38.10% -45.81% -57.37% -49.74% -39.19% -32.84% -55.00% -32.37%
Tax Burden Percent		 100.62% 96.64% 100.00% 100.00% 100.91% 98.77% 100.00% 100.00% 101.71% 94.26% 100.00%
Interest Burden Percent		 96.74% 94.16% 97.97% 94.19% 108.51% 98.04% 98.18% 104.48% 111.05% 104.99% 110.12%
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)		 -153.57% -201.59% -153.49% -123.84% -158.63% -276.15% -210.58% -337.84% -478.70% 2,325.32% 1,761.48%
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)		 -62.61% -82.21% -51.37% -45.86% -57.62% -104.75% -76.03% -52.71% -47.59% -123.04% -68.73%
Return on Assets (ROA)		 -60.95% -74.81% -50.32% -43.19% -63.09% -101.43% -74.64% -55.07% -53.75% -121.77% -75.68%
Return on Common Equity (ROCE)		 -153.57% -201.59% -153.49% -123.84% -158.63% -276.15% -210.58% -337.84% -478.70% 2,325.32% 1,761.48%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -366.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.77 -2.69 -1.81 -1.86 -2.15 -2.68 -2.45 -2.02 -2.06 -3.72 -1.94
NOPAT Margin		 -53.37% -49.50% -29.54% -28.31% -30.51% -39.82% -33.25% -23.23% -22.27% -38.83% -20.53%
Net Nonoperating Expense Percent (NNEP)		 -8.84% -8.01% -7.26% -4.77% -9.46% -14.65% -11.13% -13.95% -11.34% -30.53% -20.97%
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% -48.78%
Cost of Revenue to Revenue		 21.19% 16.31% 13.65% 16.25% 14.11% 15.08% 12.72% 14.03% 11.61% 12.73% 13.47%
SG&A Expenses to Revenue		 133.71% 147.07% 118.21% 116.25% 118.05% 132.25% 127.86% 111.54% 110.26% 135.02% 107.21%
R&D to Revenue		 21.34% 7.33% 10.34% 7.95% 11.42% 9.56% 6.92% 7.62% 9.95% 7.72% 8.66%
Operating Expenses to Revenue		 155.06% 154.40% 128.56% 124.20% 129.48% 141.81% 134.78% 119.16% 120.21% 142.74% 115.86%
Earnings before Interest and Taxes (EBIT)		 -4.14 -3.85 -2.71 -2.65 -2.95 -3.98 -3.74 -3.26 -2.69 -5.33 -2.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.90 -3.65 -2.46 -2.42 -2.37 -3.58 -3.54 -2.97 -1.77 -5.20 -2.67
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.80 8.24 3.37 4.92 14.08 11.02 35.20 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 4.80 8.24 3.37 4.92 14.08 11.02 35.20 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.23 1.98 1.81 2.00 4.22 1.82 1.41 1.26 1.12 1.40 1.94
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)		 1.57 1.55 1.13 1.43 3.73 1.52 1.15 1.03 0.96 1.34 1.85
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 -6.08 -3.87 -1.18 -2.43
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -6.08 -3.87 -1.13 -2.07
Financial Leverage		 -1.16 -1.24 -1.25 -1.31 -1.52 -1.82 -1.74 -2.37 -2.95 7.67 6.36
Leverage Ratio		 1.67 1.97 1.97 2.01 2.44 3.38 2.93 5.07 6.71 -23.83 -18.86
Compound Leverage Factor		 1.61 1.85 1.93 1.89 2.65 3.31 2.88 5.29 7.45 -25.02 -20.76
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 119.68% 134.89% 669.37% 170.14%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.03% 25.14%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 119.68% 134.89% 644.34% 145.00%
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% -19.68% -34.89% -569.37% -70.14%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.51 -0.56 -0.50 -0.55
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.52 0.42 0.16 0.27
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.51 -0.56 -0.48 -0.47
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.70 -0.72 -0.65 -0.69
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.72 0.54 0.21 0.34
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.70 -0.72 -0.63 -0.59
Altman Z-Score		 -11.28 -13.87 -7.48 -7.96 -6.01 -12.18 -14.87 -10.11 -11.75 -15.24 -12.39
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		 1.76 1.50 2.48 2.12 1.78 1.52 1.10 1.43 1.38 1.02 1.21
Quick Ratio		 1.36 1.06 2.04 1.71 1.48 1.17 0.83 1.19 1.11 0.79 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.51 0.60 -0.43 -0.78 -0.61 -2.63 0.82 1.99 -0.02 0.47 -2.16
Operating Cash Flow to CapEx		 -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% -87,950.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -156.74 0.00 -526.88 0.00 9.55 0.00 1.46 -6.72
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 -272.60 0.00 -871.00 0.00 -8.02 0.00 -9.46 -10.96
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -272.60 0.00 -878.40 0.00 -8.04 0.00 -9.47 -10.97
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.78 1.16 1.16 1.13 1.38 1.77 1.50 1.41 1.64 2.21 2.34
Accounts Receivable Turnover		 28.68 54.34 54.85 40.89 24.17 27.36 41.01 29.39 26.76 29.94 42.93
Inventory Turnover		 1.35 1.30 1.41 1.75 1.97 1.84 2.00 2.63 2.57 2.40 2.49
Fixed Asset Turnover		 126.22 165.42 144.28 134.06 139.13 141.11 146.56 163.93 118.64 127.59 129.25
Accounts Payable Turnover		 1.31 1.50 1.86 1.82 1.90 1.91 1.99 1.93 1.87 2.26 2.02
Days Sales Outstanding (DSO)		 12.73 6.72 6.65 8.93 15.10 13.34 8.90 12.42 13.64 12.19 8.50
Days Inventory Outstanding (DIO)		 269.58 281.31 259.02 208.77 184.96 197.90 182.36 138.73 142.21 152.16 146.65
Days Payable Outstanding (DPO)		 279.35 243.95 195.74 200.46 192.38 190.71 183.05 188.85 195.19 161.47 181.09
Cash Conversion Cycle (CCC)		 2.97 44.07 69.93 17.23 7.68 20.53 8.22 -37.71 -39.34 2.88 -25.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -3.14 -3.60 -3.01 -3.74 -4.68 -3.64 -6.28 -7.75 -6.71 -7.83 -6.07
Invested Capital Turnover		 -7.99 -9.55 -9.18 -7.28 -6.45 -7.30 -5.96 -5.19 -5.63 -6.08 -5.99
Increase / (Decrease) in Invested Capital		 -2.26 -3.29 -1.38 -1.07 -1.54 -0.04 -3.27 -4.01 -2.04 -4.19 0.22
Enterprise Value (EV)		 25 29 24 33 94 40 32 31 31 47 68
Market Capitalization		 36 37 39 47 106 48 39 38 36 49 72
Book Value per Share		 $1.24 $0.75 $1.91 $1.47 $1.15 $0.61 $0.15 ($0.14) ($0.21) ($0.70) ($0.34)
Tangible Book Value per Share		 $1.24 $0.75 $1.91 $1.47 $1.15 $0.61 $0.15 ($0.14) ($0.21) ($0.70) ($0.34)
Total Capital		 7.44 4.50 11 9.46 7.54 4.37 1.11 5.45 4.90 1.00 3.98
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.53 6.61 6.69 6.77
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.53 6.61 6.44 5.77
Net Debt		 -11 -8.10 -14 -13 -12 -8.01 -7.40 -6.68 -5.00 -2.14 -3.28
Capital Expenditures (CapEx)		 0.04 0.00 0.00 0.00 0.00 0.04 0.03 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4.41 -4.22 -3.77 -4.33 -5.07 -3.89 -6.46 -8.00 -7.29 -8.37 -6.60
Debt-free Net Working Capital (DFNWC)		 6.17 3.88 11 8.87 7.15 4.12 0.94 5.21 4.32 0.46 3.45
Net Working Capital (NWC)		 6.17 3.88 11 8.87 7.15 4.12 0.94 5.21 4.32 0.21 2.45
Net Nonoperating Expense (NNE)		 1.26 0.81 0.84 0.64 1.08 1.18 1.22 1.39 0.98 1.55 1.12
Net Nonoperating Obligations (NNO)		 -11 -8.10 -14 -13 -12 -8.01 -7.40 -6.68 -5.00 -2.14 -3.28
Total Depreciation and Amortization (D&A)		 0.24 0.20 0.25 0.23 0.58 0.40 0.20 0.29 0.92 0.13 0.11
Debt-free, Cash-free Net Working Capital to Revenue		 -27.51% -22.55% -17.73% -18.56% -20.14% -14.71% -23.31% -26.80% -22.77% -23.98% -17.84%
Debt-free Net Working Capital to Revenue		 38.50% 20.77% 50.31% 38.01% 28.39% 15.56% 3.39% 17.45% 13.48% 1.33% 9.33%
Net Working Capital to Revenue		 38.50% 20.77% 50.31% 38.01% 28.39% 15.56% 3.39% 17.45% 13.48% 0.61% 6.63%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.73) ($0.53) ($0.38) ($0.31) ($0.43) ($0.47) ($0.44) ($0.40) ($0.34) ($0.59) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding		 5.52M 6.62M 7.05M 8.09M 7.48M 8.29M 8.32M 8.45M 8.48M 8.95M 9.40M
Adjusted Diluted Earnings per Share		 ($0.73) ($0.53) ($0.38) ($0.31) ($0.43) ($0.47) ($0.44) ($0.40) ($0.34) ($0.59) ($0.33)
Adjusted Weighted Average Diluted Shares Outstanding		 5.52M 6.62M 7.05M 8.09M 7.48M 8.29M 8.32M 8.45M 8.48M 8.95M 9.40M
Adjusted Basic & Diluted Earnings per Share		 ($0.73) $0.00 $0.00 $0.00 ($0.43) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.00M 6.01M 6.45M 6.55M 7.19M 7.42M 7.58M 8.00M 8.08M 8.30M 9.02M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.77 -2.69 -1.81 -1.86 -2.15 -2.68 -2.45 -2.02 -2.06 -3.72 -1.94
Normalized NOPAT Margin		 -53.37% -49.50% -29.54% -28.31% -30.51% -39.82% -33.25% -23.23% -22.27% -38.83% -20.53%
Pre Tax Income Margin		 -77.19% -66.65% -43.25% -38.10% -45.40% -58.09% -49.74% -39.19% -32.28% -58.35% -32.37%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 -530.20 0.00 -796.20 0.00 -15.67 0.00 -16.75 -8.65
NOPAT to Interest Expense		 0.00 0.00 0.00 -371.14 0.00 -535.08 0.00 -9.71 0.00 -11.70 -6.04
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -530.20 0.00 -803.60 0.00 -15.69 0.00 -16.75 -8.67
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -371.14 0.00 -542.48 0.00 -9.73 0.00 -11.71 -6.06
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		 -3.49% 0.00% -5.88% -1.83% -1.95% 0.00% -1.00% -0.38% -0.67% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

electroCore (NASDAQ: ECOR) showed meaningful top-line growth in Q1 2026, but profitability and balance-sheet pressure remain the big story. Revenue rose year over year, cash and short-term investments were still solid, and operating cash burn improved versus late 2025. However, the company remains loss-making, has a negative equity position, and current liabilities still exceed current assets.

  • Revenue growth continued: Q1 2026 operating revenue was $9.6 million, up from $9.2 million in Q4 2025 and $6.7 million in Q1 2025, showing strong year-over-year sales momentum.
  • Gross profit expanded: Gross profit reached $8.4 million in Q1 2026, implying a gross margin of about 87.3%, which is very strong for a small-cap healthcare company.
  • Cash position remained adequate: electroCore ended Q1 2026 with $4.9 million in cash and equivalents plus $4.0 million in short-term investments, giving it liquid resources of roughly $8.8 million.
  • Operating cash burn improved sequentially: Cash used in operations was $3.0 million in Q1 2026, better than the $1.5 million burn in Q4 2025 only when viewed directionally after the large swings in earlier periods? Actually, the more important takeaway is that the quarterly burn remains elevated but less erratic than some prior periods.
  • Revenue base is much larger than a year ago: Quarterly revenue increased from $5.4 million in Q1 2024 to $9.6 million in Q1 2026, suggesting the business has scaled significantly over two years.
  • Investing activity was modest in Q1 2026: The company sold/matured $599,000 of investments while spending only $2,000 on PP&E, so capital spending remains very light.
  • Shares outstanding are relatively stable near 9 million: Basic shares were 8.95 million in Q1 2026 versus 8.48 million in Q4 2025, so dilution has not exploded recently, though it remains a factor over a longer period.
  • Other financing provided a small boost: The company generated $230,000 from other financing activities in Q1 2026, but this is not large enough to materially change the overall picture.
  • Still posting large losses: Q1 2026 net loss was $5.3 million, wider than the $3.0 million loss in Q4 2025 and $3.9 million loss in Q1 2025.
  • Operating expenses remain above gross profit after SG&A: SG&A expense was $12.9 million in Q1 2026, which continued to overwhelm gross profit and drove an operating loss of $5.3 million.
  • Negative equity is a major red flag: Total common equity was negative $5.7 million at March 31, 2026, meaning liabilities exceed shareholders’ equity.
  • Current liabilities slightly exceed current assets: Current assets were $12.5 million versus current liabilities of $12.3 million, leaving the company with very limited working-capital cushion.
  • Debt remains significant relative to the company’s size: electroCore reported $6.4 million of long-term debt and $250,000 of short-term debt, which adds financial risk given ongoing losses.
  • Retained earnings remain deeply negative: Accumulated losses totaled $196.3 million, underscoring the long history of losses that investors need to keep in mind.

Bottom line: electroCore is growing revenue and maintaining a respectable gross margin, but it is still not generating operating profitability and continues to burn cash. The balance sheet is not in immediate distress, but the negative equity, ongoing losses, and debt burden mean investors should view the stock as a high-risk turnaround story rather than a fundamentally stable business.

08/08/26 02:38 PM ETAI Generated. May Contain Errors.

electroCore Financials - Frequently Asked Questions

According to the most recent income statement we have on file, electroCore's fiscal year ends in December. Their fiscal 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. Check out electroCore's forecast to explore projected trends and price targets.

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%.


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Financial statements for NASDAQ:ECOR last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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