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MARKETS / NASDAQ / FOCL
NASDAQ · ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS · SMALL CAP

Edap TMS SA FOCL

17 fiscal years on record · EUR · FY2025 reported · SEC filings only
$70.5M
▲ 1.6% YoY
$-29.2M
In brief

What this company does

EDAP TMS S.A. is a medical technology company focused on the development, manufacturing, marketing and sale of non-invasive therapeutic ultrasound and energy-based medical devices. The company was founded in 1979 as a societe anonyme organized under the laws of France, and it is headquartered in Vaulx-en-Velin, France, operating in the United States, Europe, Asia and the rest of the world. The company's technologies are primarily used in urology, with a current focus on the treatment of prostate cancer, driven commercially by its flagship product, Focal One Robotic HIFU. EDAP has realigned its business to focus exclusively on applications leveraging its proprietary High Intensity Focused Ultrasound technology, commercialized through its flagship product, Focal One Robotic HIFU. Its business model includes generating revenue from the sale of capital equipment as well as recurring revenue from consumables and maintenance services associated with its installed base. As of December 31, 2025, the company employed 289 employees worldwide, with approximately 24% based in the United States and the remainder located internationally. EDAP is listed on The Nasdaq Global Market under the symbol EDAP.

Written from the business description in EDAP TMS S.A.'s annual report to the U.S. Securities and Exchange Commission, filed 25 March 2026. Every sentence was checked against that document before publication.

Growth
USD 70.5M
Revenue, FY2025 · full 17-year series below
Revenue €M Net income €M
FY2023 · Revenue 60.4 · Net income -21.2
25.0M50.0M-8.0M-16.0M200920112013201520172019202120232025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

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
−41 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -35.0% · Net -41.5%
5%10%-20%-40%200920112013201520172019202120232025
ROE
FY2025 · ROE -94.5%
5%10%15%-50%-100%200920112013201520172019202120232025

Each EUR of equity lost 94 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow €M
FY2018 · FCF -0.7
0.25M0.50M-2.00M-4.00M200920112013201520172019202120232025

Total assetsUSD 79.0M
EquityUSD 19.4M
CashUSD 20.5M
Gross debtUSD 18.0M
Net debtUSD -2.4M
Current ratio1.54×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · EUR
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue €B··0.10.10.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income €B··−0.0−0.0−0.00.00.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA €B−0.0−0.0−0.0−0.00.00.00.00.0−0.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax €B··0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income €B··−0.0−0.00.0−0.00.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow €B·······−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted··−0.57−0.090.02−0.060.05−0.01−0.020.13−0.07−0.02−0.24−0.43−0.07−0.98·
Dividend / sh·················
Payout %·················
ROE %−94.5−39.1·−4.81.8−6.45.8−1.3−2.719.8−11.3−4.2−57.6−88.6−10.7−118.4−61.7
Shares out B0.040.040.040.040.030.030.030.030.030.030.030.020.02····

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 · 3 failures in 82 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 failures
ActivityElectromedical & Electrotherapeutic Apparatus
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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