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MARKETS / NASDAQ / ATRC
NASDAQ · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · LARGE CAP

AtriCure, Inc. ATRC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$534.5M
▲ 14.9% YoY
$-11.4M
$48.3M
▲ 6381.1% YoY
In brief

What this company does

The company develops surgical treatments and therapies for atrial fibrillation (Afib), left atrial appendage (LAA) management and post-operative pain management. Its cardiac ablation and left atrial appendage management (LAAM) products are used by physicians during open-heart and minimally invasive surgical procedures. Its pain management solutions are used by physicians to freeze nerves during cardiac, thoracic or amputation surgical procedures. The company sells its products to medical centers through its direct sales force in the United States, Germany, France, the United Kingdom, the Benelux region, Australia and Canada, and through distributors that in turn sell to medical centers in other international markets. As of December 31, 2025, the company had approximately 1,350 employees. The company assembles, inspects, tests and packages the majority of its products at its facilities in Ohio, and its products are sterilized by third parties.

Written from the business description in AtriCure, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth
USD 534.5M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 534.5 · Net income -11.4
200M400M200920112013201520172019202120232025
Compound annual growth
+17.4%
+20.9%
+15.2%
+15.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1.8% · Net -2.1%
10%20%-10%-20%-30%200920112013201520172019202120232025
ROE
FY2025 · ROE -2.4%
5%10%-50%200920112013201520172019202120232025

Each USD of equity lost 2 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 48.3
20M40M-20M200920112013201520172019202120232025

Total assetsUSD 654.2M
EquityUSD 491.9M
CashUSD 167.4M
Gross debtUSD 61.9M
Net debtUSD -105.6M
Current ratio3.96×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.50.40.30.30.20.20.20.20.20.10.10.10.10.10.10.1
Operating income $B−0.0−0.0−0.0−0.00.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.0−0.0−0.0−0.00.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0−0.0
Net income $B−0.0−0.0−0.0−0.00.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.24−0.95−0.66−1.021.09−1.14−0.94−0.62−0.83−1.05−0.97−0.61−0.56−0.47−0.35−0.25−1.13
Dividend / sh $·················
Payout %·················
ROE %−2.4−9.6−6.6−9.911.2−14.6−14.2−10.3−16.3−18.8−17.0−15.8−26.9−53.6−33.7−22.4−96.5
Shares out B0.050.050.050.050.050.050.040.040.030.030.030.030.020.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 82 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySurgical & Medical Instruments & Apparatus
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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