TriSalus Life Sciences, Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:11:16Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -19.01M | -41.27M | -51.25M | -33.10M | — | — |
| EBITDA | -26.32M | -35.42M | -53.79M | -36.04M | — | — |
| Working Capital | 20.75M | 10.44M | 6.17M | -15.14M | -1.08M | — |
| Net Debt | 14.00M | 15.10M | -10.18M | -8.47M | — | — |
| Gross Margin | 84.57% | 86.06% | 85.93% | 81.79% | — | — |
| Operating Margin | -59.68% | -122.88% | -294.28% | -293.91% | — | — |
| Net Margin | -86.88% | -102.09% | -320.69% | -380.60% | — | — |
| Return on Equity (ROE) | 115.85% | 116.03% | 219.33% | 26.64% | -3.68% | 3.31% |
| Return on Assets (ROA) | -111.03% | -125.34% | -241.33% | -214.54% | 1.90% | -0.28% |
| Current Ratio | 2.80× | 2.02× | 1.42× | 0.53× | 0.33× | — |
| Debt-to-Equity | -1.02× | -0.91× | -0.06× | -0.01× | — | — |
| Effective Tax Rate | -0.02% | -0.02% | -0.02% | -0.02% | 0.00% | — |
| Cash Conversion Ratio | 0.46× | 1.36× | 0.85× | 0.68× | -0.36× | 0.95× |
| Accruals Ratio | -0.60× | 0.45× | -0.36× | -0.68× | 0.03× | -0.00× |
| SBC % of Revenue | 20.22% | 18.49% | 7.57% | 2.97% | — | — |
| CapEx Coverage | -18.03× | -95.21× | -74.93× | -41.11× | — | — |
| Free Cash Flow Per Share | $-0.50 | $-1.63 | $-5.45 | $-106.91 | — | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/S | 7.73× | 5.32× | 12.06× | 0.28× | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 45.15M | 29.43M | 18.51M | 12.40M | — | — |
| Cost of Goods and Services Sold | 6.96M | 4.10M | 2.60M | 2.26M | — | — |
| Gross Profit | 38.19M | 25.33M | 15.91M | 10.14M | — | — |
| Research and Development Expense | 14.96M | 17.69M | 29.84M | 21.36M | — | — |
| Operating Income (Loss) | -26.95M | -36.16M | -54.48M | -36.44M | -3.04M | -108.49K |
| Income Tax Expense (Benefit) | 7.00K | 6.00K | 9.00K | 9.00K | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -39.23M | -30.05M | -59.36M | -47.19M | 4.77M | -711.39K |
| Earnings Per Share, Basic | $-1.84 | $-1.31 | $-6.77 | $-161.55 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 37.90M | 25.33M | 9.40M | 309,609 | — | — |
| Earnings Per Share, Diluted | $-1.84 | $-1.31 | $-6.77 | $-161.55 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 37.90M | 25.33M | 9.40M | 309,609 | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 20.44M | 8.53M | 11.78M | 9.41M | 200.88K | 1.33M |
| Assets, Current | 32.24M | 20.67M | 20.86M | 17.21M | 525.88K | 2.01M |
| Assets | 35.33M | 23.97M | 24.60M | 22.00M | 250.53M | 252.01M |
| Liabilities, Current | 11.50M | 10.23M | 14.69M | 32.36M | 1.60M | — |
| Long-term Debt, Excluding Current Maturities | 33.05M | 22.08M | 0 | — | — | — |
| Liabilities | 69.19M | 49.87M | 51.66M | 34.32M | 17.25M | 23.50M |
| Stockholders' Equity Attributable to Parent | -33.86M | -25.89M | -27.07M | -177.13M | -129.60M | -21.48M |
| Common Stock, Shares, Outstanding | 50.00M | 31.28M | 26.41M | 347,926 | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.01M | -40.84M | -50.58M | -32.31M | -1.74M | -677.60K |
| Payments to Acquire Property, Plant, and Equipment | 918.00K | 345.00K | 588.00K | 655.00K | — | — |
| Net Cash Provided by (Used in) Investing Activities | -838.00K | -345.00K | -1.59M | -1.79M | 60.00K | -250.00M |
| Payments for Repurchase of Common Stock | — | — | — | 232.37M | — | — |
| Net Cash Provided by (Used in) Financing Activities | 30.76M | 37.94M | 54.63M | 13.46M | 544.00K | 252.01M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -6.63M | -2.53M | -16.48M | -12.55M | -5.32M | -5.78M |
| EBITDA | -8.28M | -3.15M | — | — | -7.16M | -7.39M |
| Working Capital | 56.35M | 20.75M | 22.42M | 28.76M | 13.34M | 10.44M |
| Net Debt | -23.47M | 14.00M | 10.08M | 5.78M | 18.70M | 15.10M |
| Gross Margin | 86.18% | 86.66% | 83.52% | 83.93% | 83.69% | 85.28% |
| Operating Margin | -94.52% | -24.77% | -77.94% | -65.39% | -79.95% | -91.76% |
| Net Margin | 17.29% | -73.86% | -93.47% | -73.91% | -113.18% | -122.36% |
| Return on Equity (ROE) | 12.02% | 28.80% | 40.45% | 42.67% | 30.19% | 39.04% |
| Return on Assets (ROA) | 2.17% | -27.60% | -29.65% | -20.06% | -36.24% | -42.17% |
| Current Ratio | 5.78× | 2.80× | 3.05× | 4.08× | 2.14× | 2.02× |
| Debt-to-Equity | 2.58× | -1.02× | -1.23× | -1.66× | -0.92× | -0.91× |
| Effective Tax Rate | 0.26% | 0.00% | -0.05% | 0.04% | -0.05% | 0.01% |
| Cash Conversion Ratio | -4.21× | 0.25× | 1.44× | 1.43× | 0.43× | 0.56× |
| Accruals Ratio | 0.11× | -0.21× | 0.13× | 0.09× | -0.21× | -0.18× |
| SBC % of Revenue | 27.78% | 16.64% | 59.95% | 31.32% | 17.67% | 20.54% |
| CapEx Coverage | -43.20× | -56.45× | -16.26× | -16.12× | -5.45× | -82.71× |
| Free Cash Flow Per Share | $-0.13 | $-0.07 | $-0.38 | $-0.38 | $-0.19 | $-0.23 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 8.90M | 13.21M | 11.57M | 11.21M | 9.17M | 8.26M |
| Cost of Goods and Services Sold | 1.23M | 1.76M | 1.91M | 1.80M | 1.50M | 1.22M |
| Gross Profit | 7.67M | 11.44M | 9.66M | 9.41M | 7.67M | 7.04M |
| Research and Development Expense | 3.22M | 2.57M | 5.18M | 3.92M | 3.02M | 2.96M |
| Operating Income (Loss) | -8.41M | -3.27M | -9.01M | -7.33M | -7.33M | -7.58M |
| Income Tax Expense (Benefit) | 4.00K | 0 | 5.00K | -3.00K | 5.00K | -1.00K |
| Net Income (Loss) Attributable to Parent | 1.54M | -9.75M | -10.81M | -8.29M | -10.38M | -10.11M |
| Earnings Per Share, Basic | $0.03 | $-0.12 | $-0.96 | $-0.27 | $-0.39 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Basic | 51.54M | 37.90M | 43.06M | 32.90M | 28.53M | 25.33M |
| Earnings Per Share, Diluted | $0.03 | $-0.12 | $-0.96 | $-0.27 | $-0.39 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Diluted | 52.31M | 37.90M | 43.06M | 32.90M | 28.53M | 25.33M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 56.55M | 20.44M | 22.69M | 26.49M | 13.00M | 8.53M |
| Assets, Current | 68.14M | 32.24M | 33.33M | 38.08M | 25.10M | 20.67M |
| Assets | 70.98M | 35.33M | 36.46M | 41.32M | 28.63M | 23.97M |
| Liabilities, Current | 11.79M | 11.50M | 10.91M | 9.32M | 11.75M | 10.23M |
| Long-term Debt, Excluding Current Maturities | 33.08M | 33.05M | 32.76M | 32.27M | 31.70M | 22.08M |
| Liabilities | 58.17M | 69.19M | 63.19M | 60.74M | 62.99M | 49.87M |
| Stockholders' Equity Attributable to Parent | 12.81M | -33.86M | -26.73M | -19.42M | -34.37M | -25.89M |
| Common Stock, Shares, Outstanding | 61.41M | 50.00M | 49.89M | 37.98M | 32.27M | 31.28M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -6.48M | -2.48M | -15.53M | -11.82M | -4.50M | -5.71M |
| Payments to Acquire Property, Plant, and Equipment | 141.00K | 41.00K | 877.00K | 661.00K | 754.00K | 50.00K |
| Net Cash Provided by (Used in) Investing Activities | -141.00K | -41.00K | -797.00K | -621.00K | -714.00K | -50.00K |
| Net Cash Provided by (Used in) Financing Activities | 42.38M | 277.00K | 30.49M | 30.41M | 9.69M | 2.99M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (TLSI CIK 0001826667),
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concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.