IceCure Medical Ltd.

ICCM

Healthcare Medical Devices

IceCure Medical Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.4 million, up 2.67% from fiscal 2024.

Revenue
−0.69%
EPS
−2,068.2%
Free cash flow
+3.88%
Total debt
−64.4%

Quarter to June 2026, against a year earlier

0.68 0.01 −1.45%
Market cap
$2.3M
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
4/9
ROIC
0.00%
Net debt / EBITDA
0.6×
Dividend safety
n/a

Insider Decisions last twelve months

Net bought
—
Trades
0 sells · 0 buys
Ownership
38.0%

Capital & Financial Ratios $m

Size
Market Cap 2
Revenue ttm 3
Net income ttm (20)
Free cash flow ttm (21)
Net debt Q (12)
Valuation
P/E n/m
Forward P/E n/m
Price / sales 0.6
Forward P/S Powerpack
Price / FCF n/m
Price / book 0.1
Financial health
Current ratio Q 2.9 (at or above 1.5: strong)
Debt / equity Q 0.0 (at or below 0.5: strong)
Interest coverage Q 0.0
Growth
Revenue growth Q −0.7% (below 0%: shrinking)
Operating income growth Q +4.0% (above 0%: growing)
EPS, this year +25.7% (at or above 15%: strong)
EPS, next year A +31.6% (at or above 15%: strong)
Revenue, next year A +27.1% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +32.0% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/S against its own 10 years 0.06%
10-year low 10-year high
P/B against its own 10 years 0.05%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 11 8 9 12
Receivables 0 0 0 0
Inventory 2 2 3 3
Other — — — —
14 11 13 17
2023 2024 2025 Q'26
Payables 1 1 1 2
ST’ Debt — — — —
Other 3 1 1 1
4 6 5 6

Compound Annual Growth %

10y 5y 3y
Sales — (2.67%) 3.08%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 9.89% (29.12%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.80) — — — —
’25 (1.80) — — — (7.21)
’24 (2.40) — — — (9.01)
’23 (2.40) (0.08) (0.09) — (9.61)
’22 (3.60) (0.23) — (0.21) (13.81)
’21 (1.99) (0.05) (2.70) (0.10) (10.51)
’20 — (0.12) — (0.15) (6.54)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 — — — —
’25 1 — — — 3
’24 1 — — — 3
’23 1 1 0 — 3
’22 1 1 — 2 3
’21 1 1 1 1 4
’20 — 2 — 2 4
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (4) — — —
’25 (4) (3) (10) — (15)
’24 (3) (2) (8) — (13)
’23 (3) (4) (10) — (13)
’22 (3) (6) (10) (7) (14)
’21 (2) (2) (3) (6) (13)
’20 — (1) — (4) (4)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (4) — — —
’25 (4) (3) (10) — (15)
’24 (3) (2) (8) — (13)
’23 (3) (4) (10) — (13)
’22 (3) (7) (11) (7) (15)
’21 (2) (2) (3) (6) (13)
’20 — (1) — (4) (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1 1 1 2 4 4 3 3 3 3 3 +20.6% 4 9 22 +87.3%
Gross margin, % 33.04 23.41 39.44 32.21 63.19 53.04 46.84 40.26 44.09 36.28 28.13 +3.2 pt
EBT (3) (3) (4) (5) (4) (10) (17) (15) (15) (15) (15) +18.5%
EBT margin, % (522.82) (417.15) (329.70) (279.72) (96.43) (239.13) (550.34) (453.76) (465.45) (445.61) (570.14) +77.2 pt
Net income (3) 0 (4) (5) (4) (10) (17) (15) (15) (15) (20) +18.5%
Per share, $
Per share, $ Revenue 0.12 0.11 0.09 3.59 6.78 4.35 2.50 2.12 1.94 1.60 1.10 +33.6%
Earnings (0.61) (0.46) (0.30) (10.03) (6.54) (10.51) (13.81) (9.61) (9.01) (7.21) (6.09) +31.5%
Cash flow (0.59) (0.41) (0.26) (4.38) (6.47) (13.26) (11.59) (8.26) (7.42) (6.88) 0.00 +31.4%
Capex 0.00 0.00 0.00 (0.23) (0.39) (0.56) (0.72) (0.32) (0.04) (0.02) 0.00 n/m
Free cash flow (0.59) (0.41) (0.26) (4.61) (6.86) (13.82) (12.32) (8.57) (7.46) (6.90) 0.00 +31.4%
Book value 0.40 (0.04) 0.29 7.26 9.90 28.36 20.62 8.00 4.07 4.28 0.00 +30.2%
Shares, m 5 6 12 0 1 1 1 2 2 2 13 (9.7%)
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 0.00 0.00 0.00 0.00 25.36 697.14 311.69 455.31 19.09 12.98 0.62 152.2
P/B 0.00 0.00 0.00 187.39 25.07 106.21 61.97 130.53 7.44 3.88 0.14 52.2
EV/Sales 0.00 0.00 0.00 0.00 24.78 691.10 307.06 452.28 16.38 9.75 (3.79) 150.1
EV/FCF 0.00 0.00 0.00 0.00 (16.38) (216.03) (54.65) (62.25) (1.84) (1.06) 0.50 (35.2)
Cash, $m
Cash, $m Operating cash flow (3) (3) (3) (2) (4) (13) (14) (13) (13) (15) (21) +18.6%
Capex 0 0 0 0 0 (1) (1) 0 0 0 0 +5.1%
Free cash flow (3) (3) (3) (2) (4) (13) (15) (13) (13) (15) (21) +18.6%
Balance, $m
Balance, $m Working capital 3 0 4 3 6 26 24 10 5 8 11 +12.6%
Net debt (3) (1) (4) (6) (3) (25) (24) (11) (7) (9) (12) +13.6%
Shareholders’ equity 2 0 3 3 6 27 25 12 7 9 12 +17.6%
Returns, %
Returns, % ROA (124.73) (173.60) (82.59) (72.51) (42.59) (46.54) (54.36) (62.89) (105.69) (113.79) 0.00 +10.9 pt
ROIC 0.00 0.00 0.00 0.00 (114.34) (300.57) (551.50) (659.11) 0.00 (5,648.95) 0.00 (5,648.9) pt
ROE (354.30) (311.54) (227.23) (136.41) (83.45) (60.69) (64.83) (77.97) (160.70) (188.78) 0.00 +165.5 pt
People
People Employees — — — — 60 64 46 78 66 69 — +2.8%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.06 0.06 0.07 0.04 0.05 0.05 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026 · fundamentals updated 26 Oct 2026

IceCure Medical Ltd. 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
AMIX Autonomix Medical, Inc. $3.0M — (loss-making) — — n/m −36.10% (below 0%: shrinking) — 0.00% Compare
BJDX Bluejay Diagnostics, Inc. $2.6M — (loss-making) — (loss-making) — n/m +20.05% (above 0%: growing) 0.00% 0.00% Compare
AIDX 20/20 Biolabs Inc. $2.6M — (loss-making) — (loss-making) — n/m −23.98% (below 0%: shrinking) 41.71% (170.30%) Compare
IVF INVO Fertility, Inc $2.6M — (loss-making) — (loss-making) +16.73% (above 0%: growing) n/m +35.07% (above 0%: growing) 35.06% (59.28%) Compare
NUWE Nuwellis, Inc. $2.5M — (loss-making) — (loss-making) +14.14% (above 0%: growing) n/m −51.55% (below 0%: shrinking) 76.08% (160.94%) Compare
CODX Co-Diagnostics, Inc. $2.4M — (loss-making) — (loss-making) +1.96% (above 0%: growing) n/m +17.47% (above 0%: growing) 72.73% (3,733.17%) Compare
ICCM IceCure Medical Ltd. $2.3M — (loss-making) — (loss-making) −0.69% (below 0%: shrinking) n/m +3.88% (above 0%: growing) 32.38% (466.19%)
NUVOQ Holdco Nuvo Group D.G Ltd. $2.1M — (loss-making) — — n/m −1.05% (below 0%: shrinking) 0.00% 0.00% Compare
ADGM Adagio Medical Holdings, Inc. $1.8M — (loss-making) — −33.50% (below 0%: shrinking) n/m −12.86% (below 0%: shrinking) 0.00% 0.00% Compare
Median of peers $2.5M — — +8.05% — −6.95% 35.06% (29.64%)

All 149 Medical Devices stocks →

IceCure Medical Ltd. (ICCM) Latest News

21 Oct

Impact 4 · · medicaldevice-network.com

15 May

Impact 3 · · Moby transcript
stockrow.com/ICCM · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com