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
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
$535M
-$11M
75.0%
-1.8%
$48M
$62M
$167M
2024
$465M
-$45M
74.7%
-8.6%
$745000
$62M
$123M
2023
$399M
-$30M
75.2%
-6.7%
-$8M
$61M
$84M
2022
$330M
-$46M
74.4%
-12.9%
-$39M
$60M
$58M
2021
$274M
$50M
75.0%
20.1%
-$24M
$60M
$44M
2020
$207M
-$48M
72.3%
-21.4%
-$25M
$60M
$42M
2019
$231M
-$35M
73.8%
-14.4%
-$28M
$60M
$28M
2018
$202M
-$21M
73.0%
-8.5%
-$10M
$36M
$32M
2017
$175M
-$27M
72.2%
-14.3%
-$15M
$24M
$22M
2016
$155M
-$33M
71.6%
-20.1%
-$23M
$24M
$24M
2015
—
-$27M
—
—
-$21M
—
$24M
2014
—
-$16M
—
—
—
—
$28M
2013
—
-$11M
—
—
-$8M
—
$15M
2012
—
-$8M
—
—
-$5M
—
$8M
2011
—
-$5M
—
—
-$4M
—
$10M
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
$141M
$108000
77.4%
0.4%
-$8M
$61M
$146M
Dec '25
$141M
$2M
75.0%
1.8%
$18M
$62M
$167M
Sep '25
$134M
-$267000
75.5%
0.2%
$24M
$62M
$148M
Jun '25
$136M
-$6M
74.5%
-4.5%
$19M
$62M
$118M
Mar '25
$124M
-$7M
74.9%
-4.8%
-$13M
$62M
$100M
Dec '24
$124M
-$16M
74.5%
-11.7%
$3M
$62M
$123M
Sep '24
$116M
-$8M
74.9%
-6.4%
$16M
$62M
$130M
Jun '24
$116M
-$8M
74.7%
-6.2%
$5M
$62M
$106M
Mar '24
$109M
-$13M
74.7%
-10.0%
-$24M
$62M
$65M
Dec '23
$107M
-$10M
74.9%
-8.1%
$1M
$61M
$84M
Sep '23
$98M
-$9M
75.2%
-8.2%
-$2M
$60M
$81M
Jun '23
$101M
-$5M
76.4%
-4.1%
-$69000
$60M
$67M
Mar '23
$93M
-$6M
74.5%
-6.2%
-$7M
$60M
$77M
Dec '22
$88M
-$4M
74.0%
-4.7%
-$4M
$60M
$58M
Sep '22
$83M
-$12M
74.1%
-12.9%
-$7M
$60M
$49M
Jun '22
$85M
-$15M
75.1%
-16.2%
$45000
$60M
$55M
Mar '22
$75M
-$15M
74.5%
-19.0%
-$28M
$60M
$28M
Dec '21
$73M
-$14M
75.1%
-17.1%
-$2M
$60M
$44M
Sep '21
$70M
$97M
74.1%
140.0%
-$2M
$60M
$40M
Jun '21
$71M
-$16M
75.8%
-21.1%
-$9M
$60M
$68M
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 2.7× (Jun '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%.
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.