8 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 38.1% per year over the past 5 years.
Operating margin has expanded, at -59.4% in the latest year.
Financial health
Total debt ($43M) exceeds cash ($10M); net debt is $33M.
Total debt has grown slower than revenue (3.9% vs 38.1% per year).
Operating income covered interest expense -8.5× in the latest year, up from -1293.3× 5 years ago.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
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
$72M
-$49M
82.1%
-59.4%
-$32M
$43M
$10M
2024
$64M
-$62M
85.8%
-88.1%
-$58M
$42M
$14M
2023
$50M
-$35M
84.5%
-85.1%
-$39M
$40M
$22M
2022
$34M
-$27M
82.4%
-79.9%
-$20M
—
$18M
2021
$29M
-$27M
79.6%
-90.8%
-$27M
—
$111M
2020
$14M
-$42M
79.2%
-299.2%
-$23M
—
$74M
2019
$5M
-$25M
76.8%
-466.4%
-$20M
—
$20M
2018
$929000
-$13M
41.2%
-1489.9%
-$13M
—
—
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
$19M
-$11M
81.7%
-45.7%
-$10M
—
$8M
Dec '25
$18M
-$12M
81.2%
-59.1%
-$5M
$43M
$10M
Sep '25
$17M
-$13M
81.3%
-53.6%
-$6M
$42M
$15M
Jun '25
$18M
-$10M
81.2%
-60.5%
-$11M
$42M
$12M
Mar '25
$19M
-$14M
84.7%
-63.9%
-$11M
$41M
$15M
Dec '24
$18M
-$12M
87.6%
-54.1%
-$10M
$42M
$14M
Sep '24
$20M
-$16M
83.7%
-70.6%
-$11M
$43M
$19M
Jun '24
$15M
-$15M
86.1%
-102.8%
-$15M
$41M
$17M
Mar '24
$11M
-$19M
86.4%
-155.0%
-$22M
$41M
$17M
Dec '23
$14M
-$7M
87.3%
-86.5%
-$11M
$40M
$22M
Sep '23
$14M
-$9M
84.5%
-68.2%
-$9M
—
$51M
Jun '23
$12M
-$10M
81.2%
-95.0%
-$9M
—
$37M
Mar '23
$11M
-$9M
84.2%
-93.9%
-$9M
—
$28M
Dec '22
$9M
-$5M
85.8%
-62.5%
-$4M
—
$18M
Sep '22
$9M
-$6M
83.2%
-63.2%
-$3M
—
$24M
Jun '22
$8M
-$6M
83.4%
-76.3%
-$4M
—
$35M
Mar '22
$8M
-$9M
76.4%
-125.8%
-$9M
—
$24M
Sep '21
$7M
-$6M
84.5%
-84.7%
-$639000
—
$60M
Jun '21
$10M
-$5M
80.1%
-45.7%
-$4M
—
$111M
Mar '21
$9M
-$6M
75.5%
-68.4%
-$9M
—
$115M
Valuation over time
How the market has priced RCEL 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 11.3× (Mar '23) to 1.5× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is RCEL growing its revenue and profit?
Over the past 5 years, AVITA Medical, Inc.'s revenue has grown 38.1% per year. These are computed facts, not advice.
How much debt does RCEL have?
As of FY2025, AVITA Medical, Inc. reported $43M of total debt against $10M of cash; operating income covered interest expense -8.5×.
What is RCEL's profit margin?
In FY2025, gross margin was 82.1%, operating margin -59.4%, and net margin -67.8%.
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.