Profound Medical Corp

profoundmedical.com

What Do They Do?

Develops and sells MRI-guided ultrasound systems and single-use devices that help physicians treat prostate disease, uterine fibroids and other diseased tissue.

How Do They Make Money?

The larger revenue stream comes from one-time-use devices and extended-warranty services: device sales are counted at shipment, while warranty services are counted over the coverage period. Customers buy systems, installation and training at shipment.

revenue

Segment	Share	Revenue	How money arrives
Recurring - non-capital	60%
Capital equipment Sold outright	40%		Sold outright

Who Are Their Customers?

The systems are used by physicians with customers’ existing MRI scanners; capital equipment sales also include distributors, and collaborative partners assist with sales, marketing or distribution.

Do Revenues Turn Into Profits?

No. It lost $42.6M in FY2025.

Operating income, FY2025

−256% of revenue

▲ +25% (Loss) vs FY2024 (−$33.1M, −310%)

Net income, FY2025

−264% of revenue

▲ +53% (Loss) vs FY2024 (−$27.8M, −260%)

Free cash flow, FY2025

−238% of revenue

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +12%; vs $2.2M in Q2 FY2025
Net income: ▼ −39% (Loss); vs −$15.7M in Q2 FY2025

Recurring - non-capital share of revenue vs 70.6% in Q2 FY2025

Aug 17, 2026 CFO resigns; interim CFO appointed Rashed Dewan resigned, and Matthew Sobczyk was appointed interim CFO.

Revenue over time

Recurring - non-capital Capital equipment

$20M$10M$0

FY2023 FY2024 FY2025

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