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NASDAQ · Health care

TriSalus Life Sciences, Inc. (TLSI)

TriSalus Life Sciences, Inc. brought in $45.1M of revenue over the twelve months to June 30, 2026, up 25.2% from a year earlier. It posted a net loss of $28.2M. In fiscal 2025 capital spending exceeded operating cash flow by $18.9M. At June 30, 2026 it held $46.3M in cash against $33.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

Free, no password. An email when TLSI files with the SEC.

Price
$2.85
-11.49% on the day · November 10, 2026
52-week range $2.20 to $7.95
Market cap
$175.5M
Revenue (last 12 months)
$45.1M
+25.2% year on year
Net margin
-62.6%

Key facts about TriSalus Life Sciences, Inc.

Net worth
TriSalus Life Sciences, Inc. has a market value (market cap) of $175.5M at the latest share price, and shareholders' equity of $6.6M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $45.2M (+53.4% year on year), with a net loss of $39.2M. Over the 12 months to June 30, 2026: revenue $45.1M, net loss $28.2M.
Cash flow
In fiscal 2025 operations used $18M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
TriSalus Life Sciences, Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What TriSalus Life Sciences, Inc. does

TriSalus Life Sciences, Inc. is registered with the SEC under industry code SIC 3841 (Surgical & Medical Instruments & Apparatus). Its shares trade on NASDAQ under the ticker TLSI.

Revenue and profit by year

Revenue
FY22: $12.4M $12.4M FY22FY23: $18.5M $18.5M FY23FY24: $29.4M $29.4M FY24FY25: $45.2M $45.2M FY25
Net income
FY21: $4.8M $4.8M FY21FY22: -$47.2M -$47.2M FY22FY23: -$59.4M -$59.4M FY23FY24: -$30M -$30M FY24FY25: -$39.2M -$39.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$45.2M-$26.9M-$39.2M-$1.84-$18.9M
2024$29.4M-$36.2M-$30M-$1.31-$41.2M
2023$18.5M-$54.5M-$59.4M-$6.77-$51.2M
2022$12.4M-$36.4M-$47.2M-$161.55-$33M
2021n/a-$3M$4.8Mn/an/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 12, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 13, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where TLSI ranks in Health care

Revenue$45.2M
#402 of 751 in Health care · Bottom 47%
Revenue growth+53.4%
#92 of 532 in Health care · Top 17%
Net margin-86.9%
#437 of 544 in Health care · Bottom 20%
Free cash flow margin-41.9%
#366 of 490 in Health care · Bottom 25%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What TriSalus Life Sciences, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 22, 2026
  2. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 1.7% to $11.4M versus the same quarter last year; diluted EPS -$0.16 versus -$0.27.
  3. August 6, 2026
  4. July 7, 2026
  5. May 20, 2026
  6. May 15, 2026
  7. May 14, 2026
  8. May 12, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 2.9% to $8.9M versus the same quarter last year; diluted EPS $0.03 versus -$0.39.
  9. May 12, 2026
  10. May 12, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 7, 2026. Insider transactions on SEC

Insider trades

What the people running TriSalus Life Sciences, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $4.1K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$4.1K
last 90 days
Net sold
937
$4.1K
DateInsiderWhatSharesPriceValueFiling
October 5, 2026 Szela Mary TCEO and President, Director Shares withheld for tax 2,693 $4.38 $11.8K Form 4
October 5, 2026 Stevens JenniferChief Regulatory Officer Sold 316 $4.39 $1.4K Form 4
October 5, 2026 Marshak RichardChief Commercial Officer Sold 325 $4.39 $1.4K Form 4
October 5, 2026 Cox Bryan F.Chief of Research Sold 296 $4.39 $1.3K Form 4
July 1, 2026 Patience DavidChief Financial Officer Shares withheld for tax 14,650 $4.46 $65.3K Form 4
June 30, 2026 Marshak RichardChief Commercial Officer Received as pay 561 $3.87 $2.2K Form 4
June 30, 2026 Szela Mary TCEO and President, Director Received as pay 3,990 $3.87 $15.4K Form 4
June 29, 2026 Marshall Richard HenryChief Medical Officer Received as pay 60,000 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns TLSI

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Frankenius Equity AB13D, may seek influence with 1 related filers 20.5% 6,732,516 May 2, 2025
First Light Asset Management, LLC13G, passive with 1 related filers 10.74% 6,596,242 July 7, 2026
Mats Wahlstrom13D, may seek influence with 2 related filers 9% 2,797,437 December 19, 2024
Utmost Group PLC13G, passive 5.71% 3,503,385 May 12, 2026
James J. Pallotta13G, passive 5.2% 3,188,711 May 20, 2026

Latest filings below 5%: Nantahala Capital Management, LLC 4.09% (November 14, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 79 managers reported a position.

HolderSharesValueChange on quarter
First Light Asset Management, LLC6,552,491$29.8M+1,485,664
BlackRock, Inc.2,659,218$12.1M+1,159,671
Nantahala Capital Management, LLC2,000,000$9.1M-70,827
Vanguard Capital Management LLC1,729,385$7.9M+382,349
Cerity Partners LLC1,603,538$7.3M+816,266
Geode Capital Management, LLC1,190,067$5.4M+412,973
Gilder Gagnon Howe & Co LLC850,081$3.9M-38,434
State Street Corp610,963$2.8M+282,943
White Pine Capital LLC547,577$2.5M+183,922
Kennedy Capital Management LLC476,261$2.2M-8,981
Morgan Stanley401,814$1.8M+7,905
Northern Trust Corp379,572$1.7M+158,099
Vanguard Portfolio Management LLC329,464$1.5M+164,606
Vanguard Fiduciary Trust Co320,956$1.5M+102,604
Lionhunter Capital Management, LLC300,275$1.4Mnew
Perkins Capital Management Inc235,101$1.1M+5,000
UBS Group AG223,047$1M+143,495
Bank of America Corp205,342$934.3K+3,623
Royce & Associates LP200,060$910.3K0
Corient Private Wealth LP147,152$669.5K+56,152

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

14 insiders reported holding 12,737,528 shares in total, about $36.3M at the last price.

HolderSharesAs of
Frankenius Equity AB10% owner 6,989,748 July 31, 2025
Stansky Michael PDirector 1,640,420399,698 held indirectly May 15, 2026
Matlin David JDirector 1,323,210 May 14, 2026
Szela Mary TCEO and President, Director 1,074,990 October 5, 2026
Hicks Kerry RDirector 542,790 May 14, 2026
Patience DavidChief Financial Officer 261,107 July 1, 2026
Cox Bryan F.Chief of Research 162,805 October 5, 2026
Wahlstrom MatsDirector 147,555 May 15, 2026
Marshak RichardChief Commercial Officer 127,994 October 5, 2026
Stevens JenniferChief Regulatory Officer 123,794 October 5, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about TLSI

What does TriSalus Life Sciences, Inc. do?

TriSalus Life Sciences, Inc. is a company in the Health care sector, listed on NASDAQ as TLSI. Its shares trade on NASDAQ under the ticker TLSI.

What is TriSalus Life Sciences, Inc.'s net worth?

TriSalus Life Sciences, Inc. has a market value (market cap) of $175.5M at the latest share price, and shareholders' equity of $6.6M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is TriSalus Life Sciences, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $28.2M on revenue of $45.1M.

How much revenue does TriSalus Life Sciences, Inc. make?

Over the twelve months to June 30, 2026 TriSalus Life Sciences, Inc. reported revenue of $45.1M. That is 25.2% more than a year earlier.

When did TriSalus Life Sciences, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 7, 2026.

When is TriSalus Life Sciences, Inc.'s next earnings report?

TriSalus Life Sciences, Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values TriSalus Life Sciences, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.