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Stocks · Health care · Surgical & Medical Instruments & Apparatus

AtriCure, Inc.

ATRC Clue Score58
United States Fiscal year ends December CIK 0001323885
$55.81 +5.62% Close, 9 Oct 2026
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Price $55.81 −20.63% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue155.1Operating income−31.1Net income−33.3Fiscal year 2017Revenue174.7 +12.6%Operating income−25.0Net income−26.9Fiscal year 2018Revenue201.6 +15.4%Operating income−17.1Net income−21.1Fiscal year 2019Revenue230.8 +14.5%Operating income−33.1Net income−35.2EPS, diluted−0.94Fiscal year 2020Revenue206.5 −10.5%Operating income−44.2Net income−48.2EPS, diluted−1.14Fiscal year 2021Revenue274.3 +32.8%Operating income55.2Net income50.2EPS, diluted1.09Fiscal year 2022Revenue330.4 +20.4%Operating income−42.7Net income−46.5 −192.6%EPS, diluted−1.02 −193.6%Fiscal year 2023Revenue399.2 +20.8%Operating income−26.7Net income−30.4EPS, diluted−0.66Fiscal year 2024Revenue465.3 +16.5%Operating income−40.0Net income−44.7EPS, diluted−0.95Fiscal year 2025Revenue534.5 +14.9%Operating income−9.4Net income−11.4EPS, diluted−0.24
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 155.1 174.7 201.6 230.8 206.5 274.3 330.4 399.2 465.3 534.5
Growth +12.6% +15.4% +14.5% −10.5% +32.8% +20.4% +20.8% +16.5% +14.9%
Operating income −31.1 −25.0 −17.1 −33.1 −44.2 55.2 −42.7 −26.7 −40.0 −9.4
Net income −33.3 −26.9 −21.1 −35.2 −48.2 50.2 −46.5 −30.4 −44.7 −11.4
Growth −192.6%
EPS, diluted n/a n/a n/a −0.94 −1.14 1.09 −1.02 −0.66 −0.95 −0.24
Growth −193.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin71.6%Operating margin−20.1%Net margin−21.5%Free cash flow margin−14.7%Fiscal year 2017Gross margin72.2%Operating margin−14.3%Net margin−15.4%Free cash flow margin−8.8%Fiscal year 2018Gross margin73.0%Operating margin−8.5%Net margin−10.5%Free cash flow margin−5.1%Fiscal year 2019Gross margin73.8%Operating margin−14.4%Net margin−15.2%Free cash flow margin−12.1%Fiscal year 2020Gross margin72.3%Operating margin−21.4%Net margin−23.3%Free cash flow margin−12.2%Fiscal year 2021Gross margin75.0%Operating margin20.1%Net margin18.3%Free cash flow margin−8.6%Fiscal year 2022Gross margin74.4%Operating margin−12.9%Net margin−14.1%Free cash flow margin−11.8%Fiscal year 2023Gross margin75.2%Operating margin−6.7%Net margin−7.6%Free cash flow margin−1.9%Fiscal year 2024Gross margin74.7%Operating margin−8.6%Net margin−9.6%Free cash flow margin0.2%Fiscal year 2025Gross margin75.0%Operating margin−1.8%Net margin−2.1%Free cash flow margin9.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 71.6% 72.2% 73.0% 73.8% 72.3% 75.0% 74.4% 75.2% 74.7% 75.0%
Operating margin −20.1% −14.3% −8.5% −14.4% −21.4% 20.1% −12.9% −6.7% −8.6% −1.8%
Net margin −21.5% −15.4% −10.5% −15.2% −23.3% 18.3% −14.1% −7.6% −9.6% −2.1%
Free cash flow margin −14.7% −8.8% −5.1% −12.1% −12.2% −8.6% −11.8% −1.9% 0.2% 9.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−15.1Capital expenditure−7.7Free cash flow−22.8Fiscal year 2017Operating cash flow−8.9Capital expenditure−6.4Free cash flow−15.3Fiscal year 2018Operating cash flow−4.2Capital expenditure−6.2Free cash flow−10.4Fiscal year 2019Operating cash flow−15.8Capital expenditure−12.2Free cash flow−28.0Fiscal year 2020Operating cash flow−19.9Capital expenditure−5.3Free cash flow−25.1Fiscal year 2021Operating cash flow−13.8Capital expenditure−9.8Free cash flow−23.5Fiscal year 2022Operating cash flow−22.1Capital expenditure−16.9Free cash flow−39.0Fiscal year 2023Operating cash flow4.5Capital expenditure−12.0Free cash flow−7.5Fiscal year 2024Operating cash flow12.2Capital expenditure−11.5Free cash flow0.7Fiscal year 2025Operating cash flow57.3Capital expenditure−9.1Free cash flow48.3 +6,381.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −15.1 −8.9 −4.2 −15.8 −19.9 −13.8 −22.1 4.5 12.2 57.3
Capital expenditure −7.7 −6.4 −6.2 −12.2 −5.3 −9.8 −16.9 −12.0 −11.5 −9.1
Free cash flow −22.8 −15.3 −10.4 −28.0 −25.1 −23.5 −39.0 −7.5 0.7 48.3
Growth +6,381.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash24.2Total debt23.9Net cash (debt)0.3Shareholders’ equity168.4Debt to equity0.14Fiscal year 2017Cash21.8Total debt24.1Net cash (debt)−2.3Shareholders’ equity161.2Debt to equity0.15Fiscal year 2018Cash32.2Total debt35.6Net cash (debt)−3.3Shareholders’ equity249.4Debt to equity0.14Fiscal year 2019Cash28.5Total debt59.6Net cash (debt)−31.2Shareholders’ equity247.3Debt to equity0.24Fiscal year 2020Cash41.9Total debt60.1Net cash (debt)−18.2Shareholders’ equity412.4Debt to equity0.15Fiscal year 2021Cash43.7Total debt59.7Net cash (debt)−16.1Shareholders’ equity483.8Debt to equity0.12Fiscal year 2022Cash58.1Total debt56.8Net cash (debt)1.3Shareholders’ equity456.8Debt to equity0.12Fiscal year 2023Cash84.3Total debt60.6Net cash (debt)23.7Shareholders’ equity466.2Debt to equity0.13Fiscal year 2024Cash122.7Total debt61.9Net cash (debt)60.9Shareholders’ equity461.0Debt to equity0.13Fiscal year 2025Cash167.4Total debt61.9Net cash (debt)105.6Shareholders’ equity491.9Debt to equity0.13
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 24.2 21.8 32.2 28.5 41.9 43.7 58.1 84.3 122.7 167.4
Total debt 23.9 24.1 35.6 59.6 60.1 59.7 56.8 60.6 61.9 61.9
Net cash (debt) 0.3 −2.3 −3.3 −31.2 −18.2 −16.1 1.3 23.7 60.9 105.6
Shareholders’ equity 168.4 161.2 249.4 247.3 412.4 483.8 456.8 466.2 461.0 491.9
Debt to equity 0.14 0.15 0.14 0.24 0.15 0.12 0.12 0.13 0.13 0.13

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
155.1 174.7 201.6 230.8 206.5 274.3 330.4 399.2 465.3 534.5
Growth +12.6% +15.4% +14.5% −10.5% +32.8% +20.4% +20.8% +16.5% +14.9%
44.0 48.6 54.5 60.5 57.2 68.5 84.4 98.9 117.8 133.7
111.1 126.2 147.1 170.3 149.3 205.9 245.9 300.4 347.5 400.8
Growth +13.6% +16.6% +15.8% −12.3% +37.9% +19.5% +22.1% +15.7% +15.3%
35.8 34.1 34.7 41.2 43.1 48.5 57.3 73.9 96.2 99.2
106.4 117.0 129.5 167.1 150.8 204.6 231.3 253.1 291.4 311.0
−31.1 −25.0 −17.1 −33.1 −44.2 55.2 −42.7 −26.7 −40.0 −9.4
Growth −177.3%
−33.3 −26.9 −20.9 −35.0 −48.0 50.4 −46.2 −29.8 −43.7 −10.2
0.0 0.0 0.2 0.2 0.1 0.2 0.3 0.6 1.0 1.3
−33.3 −26.9 −21.1 −35.2 −48.2 50.2 −46.5 −30.4 −44.7 −11.4
Growth −192.6%
Per share
n/a n/a n/a −0.94 −1.14 1.11 −1.02 −0.66 −0.95 −0.24
n/a n/a n/a −0.94 −1.14 1.09 −1.02 −0.66 −0.95 −0.24
Growth −193.6%
n/a n/a n/a 37.6 42.1 45.1 45.7 46.3 47.0 47.8
n/a n/a n/a 37.6 42.1 46.0 45.7 46.3 47.0 47.8
Growth +12.1% +9.3% −0.6% +1.2% +1.4% +1.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 20.9% a year over five years.
  • The diluted share count rose 13.4% in five years, which is dilution.
  • Operating margin is up 19.6 points on five years ago, at -1.8%.
  • A net loss in 9 of 10 years on file.