15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 13.8% per year over the past 5 years.
Operating margin has expanded, at -12.2% in the latest year.
Financial health
Total debt ($38M) exceeds cash ($32M); net debt is $6M.
Operating income covered interest expense -1.2× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 3.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$53M
-$11M
62.5%
-12.2%
-$9M
$38M
$32M
2024
$48M
-$23M
61.0%
-39.2%
-$19M
$38M
$32M
2023
$52M
-$19M
64.5%
-33.0%
-$6M
$33M
$44M
2022
$45M
-$23M
65.4%
-52.9%
-$21M
$0
$10M
2021
$49M
-$15M
69.3%
-29.8%
-$11M
—
$31M
2020
$28M
-$12M
63.2%
-72.5%
-$17M
—
$42M
2019
$28M
-$20M
67.6%
-73.9%
-$20M
—
$59M
2018
$17M
$63M
65.2%
-86.0%
-$21M
$0
$17M
2017
$10M
-$5M
68.0%
-135.7%
-$4M
$3M
$10M
2016
—
-$12M
—
—
-$3M
$3M
$14M
2015
—
-$5M
—
—
-$6M
$140000
$12M
2014
—
-$17M
—
—
-$1M
—
$6M
2013
—
-$4M
—
—
-$3M
$3M
$8M
2012
—
$617000
—
—
-$588000
—
$4M
2011
—
$109000
—
—
$1M
—
$5M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$12M
-$2M
63.5%
-7.3%
-$632000
$38M
$31M
Dec '25
$19M
-$1M
62.6%
0.1%
-$3M
$38M
$32M
Sep '25
$13M
-$2M
64.4%
-6.5%
-$4M
$38M
$25M
Jun '25
$11M
-$4M
62.3%
-22.6%
-$1M
$38M
$29M
Mar '25
$9M
-$4M
60.1%
-32.4%
-$757000
$38M
$31M
Dec '24
$14M
-$5M
63.0%
-21.4%
-$3M
$38M
$32M
Sep '24
$11M
-$5M
60.5%
-31.6%
-$5M
$38M
$28M
Jun '24
$12M
-$7M
61.7%
-45.7%
-$5M
$34M
$33M
Mar '24
$10M
-$8M
58.1%
-64.6%
-$6M
$33M
$37M
Dec '23
$15M
-$10M
60.9%
-39.4%
-$2M
$33M
$44M
Sep '23
$12M
-$5M
66.6%
-38.7%
$4M
$9M
$22M
Jun '23
$14M
-$994000
68.4%
-9.1%
-$5M
$9M
$18M
Mar '23
$12M
-$3M
62.4%
-46.2%
-$2M
$9M
$16M
Dec '22
$13M
-$6M
65.3%
-47.3%
-$5M
$0
$10M
Sep '22
$9M
-$6M
63.2%
-63.4%
-$6M
—
$15M
Jun '22
$10M
-$5M
67.2%
-58.1%
-$6M
—
$20M
Mar '22
$12M
-$6M
65.8%
-47.0%
-$5M
—
$26M
Dec '21
$17M
-$2M
72.2%
-10.1%
-$118000
—
$31M
Sep '21
$12M
-$4M
68.1%
-33.5%
-$4M
—
$31M
Jun '21
$11M
-$4M
67.1%
-36.0%
-$5M
—
$35M
Valuation over time
How the market has priced APYX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 2.7× (Mar '23) to 3.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is APYX growing its revenue and profit?
Over the past 5 years, Apyx Medical Corp's revenue has grown 13.8% per year. These are computed facts, not advice.
How much debt does APYX have?
As of FY2025, Apyx Medical Corp reported $38M of total debt against $32M of cash; operating income covered interest expense -1.2×.
What is APYX's profit margin?
In FY2025, gross margin was 62.5%, operating margin -12.2%, and net margin -21.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.