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APYX Financials Apyx Medical Corp

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
-$23M $20M $63M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-136% 121% 378% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$21M -$10M $1M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $29M $59M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$21M $20M $61M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 3.0 6.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.