Aethlon Medical, Inc.

AEMD Healthcare Medical Devices

Aethlon Medical, Inc.’s revenue for fiscal 2023 (year ended March 2023) was $574,200.00, up 95.2% from fiscal 2022. In the quarter to June 2026, EPS grew 90.5% and free cash flow fell 11.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.

5.15 0.12 −2.28%
Market cap
$8.5M
P/E
0.0×
Fwd P/E
−0.3×
Dividend yield
—
F-score
5/9
Altman Z
−10.76
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 8.45
Revenue 0.74
Net Income (6.94)
Free Cash Flow (7.20)
Net Debt (4.93)
Current Ratio 5.42 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (0.34) (negative: loss-making)
P/S ratio 2.69
P/B ratio 0.38
Past 5Y EPS Growth —
This Y EPS Growth 87.76% (at or above 15%: strong)
Next Y EPS Growth 70.59% (at or above 15%: strong)
Next Y revenue growth (7.12%) (below 0%: weak)
Next 5Y EPS Growth 76.48% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 9.25%
10-year low 10-year high
P/B against its own 10 years 13.19%
10-year low 10-year high
EV/FCF against its own 10 years 33.94%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 5 6 5 5
Receivables — — — —
Inventory — — — —
Other — — — —
6 6 6 6
2024 2025 2026 Q'26
Payables 1 1 0 0
ST’ Debt — — — —
Other 1 1 1 0
2 2 1 1

Compound Annual Growth %

10y 5y 3y
Sales (7.33%) 30.87% (4.06%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 12.52% (12.07%) (31.29%)

Revenue $m

Jun Sep Dec Mar Year
’26 — — — — —
’23 — — — — 1
’22 0 0 0 0 0
’21 — — 1 0 1
’20 0 — 0 0 1
’19 0 — — 0 0
’18 — — 0 0 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (2) — — — —
’26 (2) (2) (2) (2) (7)
’25 (2) (2) (2) (2) (8)
’24 (2) (3) (2) (3) (10)
’23 (3) (3) (2) (3) (11)
’22 (2) (2) (3) (3) (10)
’21 (1) (1) (2) (2) (7)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (2) — — — —
’26 (2) (2) (2) (2) (7)
’25 (2) (2) (2) (2) (8)
’24 (3) (3) (2) (3) (10)
’23 (3) (4) (2) (3) (11)
’22 (2) (2) (3) (3) (10)
’21 (1) (1) (2) (2) (7)
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 (4.02) — — — —
’26 (42.50) (18.70) (12.25) 20.33 (53.05)
’25 (136.00) (80.00) (52.00) (160.09) (429.00)
’24 (520.00) (488.00) (548.00) (364.00) (1.94k)
’23 (760.00) (720.00) (480.00) (440.00) (2.36k)
’22 (640.00) (520.00) (640.00) (1.00k) (2.84k)
’21 (600.00) (600.00) (800.00) (600.00) (2.60k)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 47,400.00 49,200.00 3,040.00 3,840.00 5,800.00 920.00 560.00 96.00 12.20 1.41

Analyst estimates 2027–2029

Powerpack
High 310,200.00 122,400.00 102,600.00 17,360.00 49,960.00 9,840.00 3,480.00 916.00 380.00 17.20
People
People Employees 7 6 6 8 10 14 15 14 9 9
Revenue/emp, $m 0.06 0.02 0.04 0.08 0.07 0.02 0.04 0.00 0.00 0.00
Income, $m
Income, $m Revenue 0 0 0 1 1 0 1 — — —
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 — — —
EBT (7) (6) (6) (6) (8) (10) (12) (12) (13) (7)
EBT margin, % (1,863.48) (3,810.03) (2,708.84) (981.24) (1,197.31) (3,542.11) (2,095.05) 0.00 0.00 0.00
Net income (7) (6) (6) (6) (8) (10) (12) (12) (13) (7)
Depreciation 0 0 0 0 0 0 0 0 0 0
Per share, $
Per share, $ Revenue 3,921.00 748.00 765.33 722.44 219.70 79.51 112.59 0.00 0.00 0.00
Earnings (56,371.82) (27,586.21) (20,389.81) (7,480.00) (2,600.00) (2,840.00) (2,360.00) (1,944.00) (429.00) (53.05)
Cash flow (35,059.00) (19,553.50) (14,311.33) (5,775.11) (2,254.97) (2,639.78) (2,059.82) (1,607.90) (245.05) (51.92)
Capex (164.00) (124.00) 0.00 (168.56) (19.97) (94.38) (184.92) (39.83) 0.00 (0.03)
Free cash flow (35,223.00) (19,677.50) (14,311.33) (5,943.67) (2,274.93) (2,734.16) (2,244.75) (1,647.73) (245.05) (51.94)
Book value 5,954.00 30,164.00 7,663.67 10,308.22 3,097.90 4,592.27 2,953.76 915.29 164.21 36.25
Shares, m 0 0 0 0 0 0 0 0 0 0
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — — —
P/S 32.88 31.28 42.25 7.49 19.04 73.45 10.53 — — —
P/B 32.95 2.78 6.97 0.59 2.62 1.27 0.51 — — —
EV/Sales 31.14 19.86 34.45 (4.47) 12.01 18.38 (8.02) — — —
EV/FCF (5.27) (2.71) (3.03) 0.61 (2.25) (0.53) 0.52 — — —
Cash, $m
Cash, $m Operating cash flow (4) (4) (4) (5) (7) (10) (11) (10) (8) (7)
Capex 0 0 — 0 0 0 (1) 0 — 0
Free cash flow (4) (4) (4) (5) (7) (10) (11) (10) (8) (7)
Balance, $m
Balance, $m Working capital 1 7 2 9 9 16 14 4 4 4
Total debt 1 1 1 0 0 1 1 — — —
Net debt (1) (6) (4) (10) (10) (17) (15) (5) (6) (5)
Shareholders’ equity 1 6 2 9 9 17 15 6 5 5
Returns, %
Returns, % ROA (341.96) (125.12) (107.97) (87.85) (74.91) (69.24) (65.15) (94.80) (171.58) (104.46)
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 (1,399.70) (2,435.36) 0.00 0.00
ROE (693.69) (171.38) (148.70) (110.12) (84.94) (79.25) (75.06) (117.21) (245.88) (142.89)
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2023 · latest quarter Mar 2022

Charts ten years each

Aethlon Medical, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PETV PetVivo Holdings, Inc. $12.9M — (loss-making) — (loss-making) +13.48% (above 0%: growing) n/m +40.13% (above 0%: growing) 66.14% (476.54%) Compare
BTCY Biotricity Inc. $10.9M — (loss-making) — (loss-making) +10.40% (above 0%: growing) n/m +235.83% (above 0%: growing) 82.55% 3.70% Compare
CTSO Cytosorbents Corporation $9.7M — (loss-making) — (loss-making) +0.17% (above 0%: growing) n/m +64.90% (above 0%: growing) 73.18% (27.39%) Compare
NMTC NeuroOne Medical Technologies Corporation $9.5M — (loss-making) — (loss-making) +16.33% (above 0%: growing) n/m +26.91% (above 0%: growing) 59.94% (122.87%) Compare
BMRA Biomerica, Inc. $8.6M — (loss-making) 11.4× +16.96% (above 0%: growing) n/m −35.05% (below 0%: shrinking) (7.88%) (174.77%) Compare
AEMD Aethlon Medical, Inc. $8.5M — (loss-making) — (loss-making) +335.00% (above 0%: growing) n/m −11.13% (below 0%: shrinking) 0.00% 0.00%
TNON Tenon Medical, Inc. $7.8M — (loss-making) — (loss-making) +126.77% (above 0%: growing) n/m −21.78% (below 0%: shrinking) 63.64% (262.24%) Compare
WOK WORK Medical Technology Group LTD $6.0M — — — — −948.94% (below 0%: shrinking) — — Compare
AMIX Autonomix Medical, Inc. $5.7M — (loss-making) — — n/m −36.10% (below 0%: shrinking) — 0.00% Compare
Median of peers $9.1M — — +14.91% — +2.57% 64.89% (122.87%)

All 149 Medical Devices stocks →

Aethlon Medical, Inc. (AEMD) key facts

  • Strength: Aethlon Medical, Inc.’s revenue for fiscal 2023 (year ended March 2023) was $574,200.00, up 95.2% from fiscal 2022.
  • Aethlon Medical, Inc. (AEMD) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, AEMD traded at $5.15, a market capitalization of $8.5 million.
  • Return on equity was −142.9% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −10.76 (distress zone) for fiscal 2023.

Source: company filings (standardised) and stockrow calculations.

Aethlon Medical, Inc. (AEMD) Latest News

stockrow.com/AEMD · Data as of Mar 31, 2022 · For information only; not investment advice. · © 2026 stockrow.com