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MARKETS / NASDAQ / TLSI
NASDAQ · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · SMALL CAP

TriSalus Life Sciences, Inc. TLSI

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$45.2M
▲ 53.4% YoY
$-39.2M
$-18.9M
In brief

What this company does

The company's delivery method, Pressure-Enabled Drug Delivery (PEDD), modulates pressure and flow within blood vessels to improve intravascular therapeutic delivery into tumors thereby increasing the likelihood of tumor response in comparison to conventional delivery technologies. The company's on-market, 510(k) cleared device, the TriNav Infusion System, using PEDD technology is currently being used for interventional radiology procedures, most commonly transarterial radioembolization and transarterial chemoembolization in patients with primary liver cancer or in patients with liver metastases. As of December 31, 2025, the company had approximately 102 full-time employees, none of whom are represented by a labor union or covered under a collective bargaining agreement.

Written from the business description in TriSalus Life Sciences, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth
USD 45.2M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 45.2 · Net income -39.2
20M40M-20M-40M20212022202320242025
Compound annual growth
+53.9%
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
−87 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -59.7% · Net -86.9%
20%40%-100%-200%-300%20212022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -18.9
-20M-40M20212022202320242025
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks 232.3
80M160M2022

Total assetsUSD 35.3M
EquityUSD -33.9M
CashUSD 20.4M
Gross debtUSD 33.0M
Net debtUSD 12.6M
Current ratio2.80×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.00.00.00.0·
Operating income $B−0.0−0.0−0.1−0.0−0.0
EBITDA $B−0.0−0.0−0.1−0.0·
Income tax $B0.00.00.00.00.0
Net income $B−0.0−0.0−0.1−0.00.0
Free cash flow $B−0.0−0.0−0.1−0.0·
EPS, diluted $−1.84−1.31−6.77−161.55·
Dividend / sh $·····
Payout %·····
ROE %·····
Shares out B0.050.030.030.00·

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 26 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 69 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
SEC categorysmaller reporting company
Data on record since2020

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