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Financial statements

Senseonics Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Senseonics Holdings, 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
Revenue0.336.3718.921.34.9513.716.422.422.535.3
Cost of revenue0.669.7627.140.722.314.513.719.321.919.5
Gross profit-0.33-3.39-8.15-19.4-17.4-0.812.733.090.5315.8
Research and development26.330.731.938.420.427.239.748.841.131.6
Selling, general and administrative41.429.231.629.934.252.5
Selling and marketing2.746.8627.749.620.65.48
General and administrative1315.319.823.220.821.5
Operating income-42.4-56.3-87.6-131-79.1-57.2-68.6-75.6-74.8-68.3
Interest expense1.63.18.2811.816.216.718.711.18.444.95
Interest income0.080.1421.930.180.241.825.364.54.2
Other non-operating income-1.5-2.79-6.3915.1-96-24521115.2-3.77-0.78
Pre-tax income-78.6-69.1
Income tax000000000
Net income-43.9-59.1-94-116-175-302142-60.4-78.6-69.1
EBITDA-42.3-56.1-87.3-130-78-55.9-67.6-74.3-73.4-66.8
EPS, basic-10.21-10.63-12.50-12.71-16.04-15.006.25-2.29-2.50-1.66
EPS, diluted-10.21-10.63-12.50-12.71-16.04-15.00-2.29-2.29-2.50-1.66
Shares, basic (weighted)4.285.577.569.0610.920.322.527.331.541.7
Shares, diluted (weighted)4.285.577.569.0610.920.329.727.331.541.7

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents1316.213795.91833.535.875.774.640.2
Short-term investments7.2920.3096.410833.7053.8
Receivables6.2912.1
Inventory0.482.9910.216.95.286.327.318.784.426.7
Other current assets0.060.053.994.513.776.227.437.275.824.37
Total current assets21.444.915812830.214416113091.4118
Property, plant and equipment0.740.851.7521.561.311.111.18
Lease right-of-use assets2.822.130.823.035.184.844.46
Intangible assets0.6
Long-term investments51.912.3
Total assets22.345.916013335.9199178138100126
Accounts payable3.077.714.414.291.761.20.424.573.214.06
Accrued liabilities4.482.213.695.634.343.484.74.85.315.27
Deferred revenue0.63
Total current liabilities11.623.128.912716.618.431.517.338.824.3
Long-term debt15.214.44.78
Lease liabilities2.281.480.582.696.215.795.29
Other non-current liabilities0.070.071.852.281.480.582.696.215.79
Total liabilities27.138.788.714117738414364.879.365.2
Total debt11.857.259.856.441.234.735.6
Paid-in capital2002714294645047658069059311,078
Retained earnings-205-264-358-473-649-951-809-869-948-1,017
Treasury stock0
Other comprehensive income-0.21-0.68-0.010.07
Shareholders' equity-4.887.2771.3-8.65-144-186-2.5835.8-16.661
Total equity-4.887.2771.3-8.65-144-186-2.5835.8-16.661
Total liabilities and equity22.345.916013335.9199178138100126
Shares outstanding4.496.578.499.7712.721.52325.529.841.3

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-43.9-59.1-94-116-175-302142-60.4-78.6-69.1
Depreciation and amortization0.160.230.2711.141.240.991.281.481.51
Stock-based compensation2.423.996.418.057.319.038.628.679.2310.2
Change in receivables-0.25-3.13-3.72-3.287.391.01-0.48-2.19-2.7-6.77
Change in inventory-0.48-2.74-7.44-6.711.6-1.04-0.99-1.640.7-2.98
Change in payables1.824.64-3.4-0.12-2.52-0.56-0.792.3-1.831.22
Cash from operations-38-55.7-90.8-136-67.4-56.1-66.3-70.2-60.5-59.1
Capital expenditures-0.48-0.35-0.99-1.05-0.18-0.21-0.31-0.35-2.24-1.12
Purchases of investments-7.29-33.2-7.94-155-105-68.5-58-101
Sales and maturities of investments20.328.45.9813215993.148.4
Cash from investing-7.77-13.219.4-1.05-0.18-14926.989.732.8-53.4
Debt issued5312756
Stock issued46.267.615028.8
Cash from financing54.972.119296.2-10.122041.820.426.878.2
Net change in cash9.113.1121-40.9-77.715.32.3339.9-0.8-34.4
Free cash flow-38.5-56.1-91.8-137-67.6-56.3-66.6-70.5-62.7-60.2
Interest paid0.891.833.145.234.737.826.573.684.514.05
Income taxes paid0

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 $10.00 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin54.9%Gross profit / revenue.
Operating margin-223.2%Operating income / revenue.
EBITDA margin-219.4%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-225.3%Net income / revenue.
FCF margin-199.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-197.6%Cash from operations / revenue.
Return on equity (ROE)-121.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-61.9%Net income / average total assets.
Return on invested capital (ROIC)-84.4%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 / revenue75.9%Research and development expense / revenue.
SG&A / revenue202.2%Selling, general and administrative expense / revenue.
Stock-based pay / revenue23.2%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue1.8%Capital expenditures / revenue.
D&A / revenue3.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y56.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y29.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y48.1%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y2,857.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y79.5%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y25.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-10.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y28.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y32.5%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y12.0%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, 5y30.7%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 ratio6.74xCurrent assets / current liabilities.
Quick ratio6.20x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio5.78x(Cash + short-term investments) / current liabilities.
Debt / equity0.62xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets31.6%Total debt / total assets.
Liabilities / assets48.9%Total liabilities / total assets.
Net debt-$86.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-21.0xOperating income / interest expense.
Working capital$141.8MCurrent assets - current liabilities.
Tangible book value$90.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.27xRevenue / average total assets.
Inventory turnover2.59xCost of revenue / average inventory.
Days inventory141 days365 x average inventory / cost of revenue.
Receivables turnover4.73xRevenue / average receivables.
Days sales outstanding77 days365 x average receivables / revenue.
Days payables80 days365 x average accounts payable / cost of revenue.
Cash conversion cycle138 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.89Net 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$0.84Revenue / diluted weighted shares.
FCF per share-$1.67Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.66Cash from operations / diluted weighted shares.
Book value per share$1.71Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.71Tangible book value / shares outstanding.
Cash per share$2.70(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$528.7MShare price x shares outstanding.
Enterprise value$441.9MMarket cap + total debt - cash - short-term investments.
P/S10.9xMarket cap / revenue.
P/B5.85xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book5.85xMarket cap / tangible book value, when positive.
EV/Sales9.10xEnterprise value / revenue.
FCF yield-18.3%Free cash flow / market cap.
Earnings yield-20.7%Net income / market cap (the inverse of P/E).
What was Senseonics Holdings, Inc.'s revenue in fiscal 2025?

Senseonics Holdings, Inc. reported revenue of $35.3M for fiscal 2025, 56.9% higher than the year before.

Was Senseonics Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $69.1M.

How much free cash flow did Senseonics Holdings, Inc. generate in fiscal 2025?

Cash from operations of $59.1M minus capital expenditures of $1.1M left free cash flow of -$60.2M.

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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