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ATRC Financials Atricure, Inc.

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
-$48M $243M $535M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-23% 26% 75% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-60% -25% 10% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$39M $5M $48M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $84M $167M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$156M $17M $189M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 4.3 8.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.