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 20.9% per year over the past 5 years.
Operating margin has expanded, at -1.8% in the latest year.
Financial health
The company holds more cash ($167M) than total debt ($62M).
Total debt has grown slower than revenue (0.6% vs 20.9% per year).
Operating income covered interest expense -1.6× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$535M
-$11M
75.0%
-1.8%
-2.3%
-1.7%
$48M
$62M
$167M
2024
$465M
-$45M
74.7%
-8.6%
-9.7%
-7.3%
$745000
$62M
$123M
2023
$399M
-$30M
75.2%
-6.7%
-6.5%
-5.0%
-$8M
$61M
$84M
2022
$330M
-$46M
74.4%
-12.9%
-10.2%
-7.9%
-$39M
$60M
$58M
2021
$274M
$50M
75.0%
20.1%
10.4%
8.2%
-$24M
$60M
$44M
2020
$207M
-$48M
72.3%
-21.4%
-11.7%
-6.7%
-$25M
$60M
$42M
2019
$231M
-$35M
73.8%
-14.4%
-14.2%
-6.3%
-$28M
$60M
$28M
2018
$202M
-$21M
73.0%
-8.5%
-8.5%
-5.9%
-$10M
$36M
$32M
2017
$175M
-$27M
72.2%
-14.3%
-16.7%
-10.0%
-$15M
$24M
$22M
2016
$155M
-$33M
71.6%
-20.1%
-19.8%
-12.1%
-$23M
$24M
$24M
2015
—
-$27M
—
—
-14.6%
-10.0%
-$21M
—
$24M
2014
—
-$16M
—
—
-12.2%
-10.2%
—
—
$28M
2013
—
-$11M
—
—
-15.8%
-10.2%
-$8M
—
$15M
2012
—
-$8M
—
—
-60.3%
-23.2%
-$5M
—
$8M
2011
—
-$5M
—
—
-34.9%
-16.1%
-$4M
—
$10M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$154M
$9M
77.2%
6.3%
1.7%
1.3%
$18M
$61M
$168M
Mar '26
$141M
$108000
77.4%
0.4%
0.0%
0.0%
-$8M
$61M
$146M
Dec '25
$141M
$2M
75.0%
1.8%
0.4%
0.3%
$18M
$62M
$167M
Sep '25
$134M
-$267000
75.5%
0.2%
-0.1%
-0.0%
$24M
$62M
$148M
Jun '25
$136M
-$6M
74.5%
-4.5%
-1.3%
-1.0%
$19M
$62M
$118M
Mar '25
$124M
-$7M
74.9%
-4.8%
-1.5%
-1.1%
-$13M
$62M
$100M
Dec '24
$124M
-$16M
74.5%
-11.7%
-3.4%
-2.6%
$3M
$62M
$123M
Sep '24
$116M
-$8M
74.9%
-6.4%
-1.7%
-1.3%
$16M
$62M
$130M
Jun '24
$116M
-$8M
74.7%
-6.2%
-1.7%
-1.3%
$5M
$62M
$106M
Mar '24
$109M
-$13M
74.7%
-10.0%
-2.9%
-2.2%
-$24M
$62M
$65M
Dec '23
$107M
-$10M
74.9%
-8.1%
-2.1%
-1.6%
$1M
$61M
$84M
Sep '23
$98M
-$9M
75.2%
-8.2%
-2.0%
-1.5%
-$2M
$60M
$81M
Jun '23
$101M
-$5M
76.4%
-4.1%
-1.1%
-0.9%
-$69000
$60M
$67M
Mar '23
$93M
-$6M
74.5%
-6.2%
-1.4%
-1.1%
-$7M
$60M
$77M
Dec '22
$88M
-$4M
74.0%
-4.7%
-0.9%
-0.7%
-$4M
$60M
$58M
Sep '22
$83M
-$12M
74.1%
-12.9%
-2.7%
-2.1%
-$7M
$60M
$49M
Jun '22
$85M
-$15M
75.1%
-16.2%
-3.2%
-2.5%
$45000
$60M
$55M
Mar '22
$75M
-$15M
74.5%
-19.0%
-3.3%
-2.6%
-$28M
$60M
$28M
Dec '21
$73M
-$14M
75.1%
-17.1%
-2.8%
-2.2%
-$2M
$60M
$44M
Sep '21
$70M
$97M
74.1%
140.0%
19.9%
15.8%
-$2M
$60M
$40M
Valuation over time
How the market has priced ATRC 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 fallen from 6.4× (Mar '23) to 5.7× (Nov '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is ATRC growing its revenue and profit?
Over the past 5 years, Atricure, Inc.'s revenue has grown 20.9% per year. These are computed facts, not advice.
How much debt does ATRC have?
As of FY2025, Atricure, Inc. reported $62M of total debt against $167M of cash; operating income covered interest expense -1.6×.
What is ATRC's profit margin?
In FY2025, gross margin was 75.0%, operating margin -1.8%, and net margin -2.1%.
What is ATRC's P/E ratio?
Atricure, Inc.'s P/E (TTM) is 288.36 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ATRC stock page. These are computed facts, not advice.
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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.