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Financial statements

ClearPoint Neuro, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ClearPoint Neuro, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue5.757.387.3511.212.816.320.62431.437
Cost of revenue2.642.92.433.943.715.187.0210.312.314.3
Gross profit3.114.484.927.289.1211.113.513.619.122.7
Research and development2.632.812.312.814.699.2810.911.712.413.9
Selling, general and administrative4.194.054.334.35.2789.6111.81216.5
Selling and marketing3.783.963.534.765.387.229.3612.614.516.5
Operating income-7.49-6.34-5.25-4.59-6.22-13.4-16.3-22.4-19.7-24.2
Interest expense1.050.870.980.961.440.970.080.522.39
Interest income0.011.391.21
Other non-operating income0.220.0200.010.88-0.06-0.02-0.03-0.04-0.15
Pre-tax income-18.9-25.5
Income tax0000.010.010.06
Net income-8.07-7.17-6.16-5.54-6.78-14.4-16.4-22.1-18.9-25.5
EBITDA-7.33-6.22-5.14-4.45-5.89-13.2-16.1-21.8-18.8-23.4
EPS, basic-2.93-0.93-0.56-0.42-0.43-0.69-0.68-0.90-0.70-0.90
EPS, diluted-2.93-0.93-0.56-0.42-0.43-0.69-0.68-0.90-0.70-0.90
Shares, basic (weighted)2.757.7410.913.215.820.724.224.62728.3
Shares, diluted (weighted)2.757.7410.913.215.820.724.224.62728.3

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents3.329.293.15.720.154.127.623.120.145.9
Short-term investments09.870
Receivables0.870.951.231.091.882.342.673.214.716.55
Inventory1.772.312.113.243.244.949.37.916.868.36
Other current assets0.130.190.210.360.240.511.721.911.682.77
Total current assets6.0912.76.6510.425.561.951.236.233.463.6
Property, plant and equipment0.330.270.380.450.320.540.811.392.012.62
Lease right-of-use assets0.372.742.241.93.563.098.43
Goodwill7.477.47
Intangible assets013.9
Other non-current assets0.010.010.020.220.060.130.130.110.741.7
Total assets7.413.97.8611.929.565.655.542.739.297.7
Accounts payable1.550.760.50.970.30.430.270.391.341.26
Accrued liabilities0.670.810.761.411.62.62.822.954.894.36
Deferred revenue0.220.260.211.020.560.681.072.612.121.67
Total current liabilities3.024.41.873.833.24.756.797.4310.410.8
Long-term debt2049.1
Lease liabilities0.282.451.941.533.573.018.46
Other non-current liabilities00.49
Total liabilities8.168.076.357.3427.116.818.621.513.869.7
Total debt4.494.923.482.0721.39.849.899.9549.1
Paid-in capital93.1107109117122182187193216239
Retained earnings-93.9-101-107-113-120-134-150-172-191-217
Shareholders' equity-0.765.831.514.592.3848.836.921.225.428
Total equity-0.765.831.514.592.3848.836.921.225.428
Total liabilities and equity7.413.97.8611.929.565.655.542.739.297.7
Shares outstanding3.6210.71115.21723.724.624.727.629.4

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-8.07-7.17-6.16-5.54-6.78-14.4-16.4-22.1-18.9-25.5
Depreciation and amortization0.160.120.110.140.330.160.240.630.980.81
Stock-based compensation1.191.251.230.81.092.084.136.086.918.18
Change in receivables0.35-0.08-0.280.14-0.82-0.66-0.21-1.8-1.21-0.27
Change in inventory0.07-0.470.12-1.03-0.03-1.71-4.421.250.74-0.1
Change in payables0.18-0.51-0.281.17-0.461.291.59-0.653.11-7.52
Cash from operations-5.82-5.99-4.63-2.85-7.81-12.7-16.2-13.7-8.95-23.9
Capital expenditures-0.1-0.03-0.06-0.01-0.04-0.17-0.25-0.72-0.28-0.52
Purchases of investments0-21.60
Cash from investing-0.1-0.03-0.06-0.16-0.48-0.17-10.78.95-0.280.62
Debt repaid-2-2.14-2.840
Stock issued046.80016.13.26
Cash from financing3.8312-1.495.6122.746.90.410.36.1950.2
Net change in cash-2.095.97-6.192.614.434-26.5-4.48-3.0426.9
Free cash flow-5.92-6.02-4.69-2.86-7.85-12.9-16.4-14.4-9.23-24.4
Interest paid0.980.350.210.321.580.60.520.740.480.91
Income taxes paid00000.060.07

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.83 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin62.6%Gross profit / revenue.
Operating margin-73.4%Operating income / revenue.
EBITDA margin-72.1%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-81.8%Pre-tax income / revenue.
Net margin-81.8%Net income / revenue.
FCF margin-73.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-71.3%Cash from operations / revenue.
Return on equity (ROE)-320.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-39.8%Net income / average total assets.
Return on invested capital (ROIC)-77.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue37.5%Research and development expense / revenue.
SG&A / revenue46.3%Selling, general and administrative expense / revenue.
Stock-based pay / revenue20.1%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue2.6%Capital expenditures / revenue.
D&A / revenue1.3%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y17.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y21.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y23.6%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y18.7%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y18.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y20.0%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y10.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-8.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y63.8%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y149.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y20.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y27.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y4.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y5.4%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y12.3%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.74xCurrent assets / current liabilities.
Quick ratio3.66x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio2.85x(Cash + short-term investments) / current liabilities.
Debt / equity4.66xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets57.9%Total debt / total assets.
Liabilities / assets87.6%Total liabilities / total assets.
Net debt$20.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$38.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets23.5%(Goodwill + intangible assets) / total assets.
Tangible book value-$9.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.49xRevenue / average total assets.
Fixed asset turnover14.2xRevenue / average property, plant and equipment.
Inventory turnover1.79xCost of revenue / average inventory.
Days inventory203 days365 x average inventory / cost of revenue.
Receivables turnover5.04xRevenue / average receivables.
Days sales outstanding72 days365 x average receivables / revenue.
Days payables50 days365 x average accounts payable / cost of revenue.
Cash conversion cycle226 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.15Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$1.40Revenue / diluted weighted shares.
FCF per share-$1.04Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.00Cash from operations / diluted weighted shares.
Book value per share$0.35Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.32Tangible book value / shares outstanding.
Cash per share$0.96(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$452.4MShare price x shares outstanding.
Enterprise value$473.2MMarket cap + total debt - cash - short-term investments.
P/S10.7xMarket cap / revenue.
P/B42.0xMarket cap / shareholders' equity. Only when equity is positive.
EV/Sales11.2xEnterprise value / revenue.
FCF yield-6.9%Free cash flow / market cap.
Earnings yield-7.6%Net income / market cap (the inverse of P/E).
What was ClearPoint Neuro, Inc.'s revenue in fiscal 2025?

ClearPoint Neuro, Inc. reported revenue of $37.0M for fiscal 2025, 17.8% higher than the year before.

Was ClearPoint Neuro, Inc. profitable in fiscal 2025?

No. It reported a net loss of $25.5M.

How much free cash flow did ClearPoint Neuro, Inc. generate in fiscal 2025?

Cash from operations of $23.9M minus capital expenditures of $522.0K left free cash flow of -$24.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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