Nano-X Imaging Ltd.

NNOX Healthcare Medical Devices

Nano-X Imaging Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $13.0 million, up 15.4% from fiscal 2024.

Revenue
+36.7%
EPS
−243.5%
Free cash flow
−21.4%
Total debt
−12.0%

Quarter to June 2026, against a year earlier

0.24 0.01 −4.00%
Market cap
$19.6M
P/E
0.0×
Fwd P/E
−0.3×
Dividend yield
—
F-score
3/9
Altman Z
−0.16
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.19
Sold, $m 0.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — 3 1 3 1 —
Sell — — — — — — 1 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 19.56
Revenue ttm 15.63
Net income ttm (116.81)
Free cash flow ttm (52.09)
Net debt Q (28.10)
Valuation
P/E 0.00
Forward P/E (0.25) (negative: loss-making)
Price / sales 1.07
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.23
Financial health
Current ratio Q 2.84 (at or above 1.5: strong)
Debt / equity Q 0.04 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +36.71% (above 0%: growing)
Operating income growth Q −282.85% (below 0%: shrinking)
EPS, this year −8.91% (below 0%: weak)
EPS, next year A +64.12% (at or above 15%: strong)
Revenue, next year A +71.03% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +38.74% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 0.10%
10-year low 10-year high
P/B against its own 10 years 0.06%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 82 58 49 31
Receivables 1 2 2 2
Inventory 2 1 3 3
Other 1 17 11 2
89 79 67 39
2023 2024 2025 Q'26
Payables 3 2 3 2
ST’ Debt 3 3 3 3
Other 3 4 5 4
16 14 17 14

Compound Annual Growth %

10y 5y 3y
Sales — — 14.93%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (9.55%) (13.60%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.20) (0.79) — — —
’25 (0.21) (0.23) (0.21) (0.50) (1.16)
’24 (0.21) (0.23) (0.23) (0.23) (0.91)
’23 (0.21) (0.31) (0.37) (0.18) (1.08)
’22 (0.41) (0.38) (0.37) (0.86) (2.01)
’21 (0.27) (0.28) (0.28) (0.44) (1.26)
’20 (0.26) (0.22) (0.29) (0.46) (1.23)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4 4 — — —
’25 3 3 3 4 13
’24 3 3 3 3 11
’23 2 3 2 2 10
’22 2 2 2 2 9
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (14) (12) — — —
’25 (10) (9) (11) (10) (41)
’24 (9) (8) (8) (11) (37)
’23 (11) (10) (11) (13) (45)
’22 (11) (10) (8) (15) (43)
’21 (4) (7) (7) (19) (38)
’20 0 0 (8) (13) (21)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (16) (13) — — —
’25 (11) (10) (12) (11) (45)
’24 (10) (9) (9) (12) (39)
’23 (12) (10) (12) (13) (48)
’22 (15) (12) (9) (14) (51)
’21 (10) (14) (12) (25) (61)
’20 0 0 (10) (26) (35)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
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 9 10 11 13 16 +77.8% 22 41 50 +56.9%
Gross margin, % — — 0.00 0.00 0.00 (115.95) (80.21) (66.55) (94.03) (98.21) (337.50) (98.2) pt
EBT — — (2) (23) (44) (62) (117) (61) (54) (77) (119) +69.5%
EBT margin, % — — 0.00 0.00 0.00 (4,742.79) (1,363.03) (617.01) (477.48) (589.89) (758.47) (589.9) pt
Net income — 0 (2) (23) (44) (62) (113) (61) (54) (75) (117) n/m
Per share, $
Per share, $ Revenue — — 0.00 0.00 0.00 0.03 0.16 0.18 0.19 0.20 0.22 n/m
Earnings — — (0.09) (0.90) (1.23) (1.26) (2.01) (1.08) (0.91) (1.16) (1.70) +43.7%
Cash flow — — (0.18) (0.22) (0.60) (0.79) (0.83) (0.79) (0.62) (0.63) (0.67) +19.9%
Capex — — 0.00 0.00 (0.39) (0.48) (0.14) (0.06) (0.05) (0.06) (0.08) +51.8%
Free cash flow — — (0.18) (0.22) (0.99) (1.27) (0.97) (0.85) (0.67) (0.69) (0.74) +21.3%
Book value — — (0.31) (0.35) 6.47 6.06 4.15 3.47 3.22 2.16 1.04 n/m
Shares, m — — 21 25 36 48 52 56 59 65 67 +17.6%
Valuation, ×
Valuation, × P/E — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — — 0.00 43.42 36.76 37.44 13.93 1.07 26.3
P/B — — — — — 2.40 1.72 1.86 2.23 1.30 0.23 1.9
EV/Sales — — — — — 0.00 34.86 29.13 32.89 10.66 (0.51) 21.5
EV/FCF — — — — — (10.07) (5.91) (6.00) (9.43) (3.08) 0.15 (6.9)
Cash, $m
Cash, $m Operating cash flow — — (4) (6) (21) (38) (43) (45) (37) (41) (47) +41.1%
Capex — — 0 0 (14) (23) (7) (3) (3) (4) (5) +78.5%
Free cash flow — — (4) (6) (35) (61) (51) (48) (39) (45) (52) +42.6%
Balance, $m
Balance, $m Working capital — — (7) (11) 215 42 57 73 65 50 25 n/m
Net debt — — 0 (8) (212) (85) (73) (79) (55) (46) (28) +268.4%
Shareholders’ equity — — (6) (9) 231 292 217 196 189 140 72 n/m
Returns, %
Returns, % ROA — — (205.82) (328.76) (35.33) (20.62) (36.70) (25.72) (24.97) (40.31) (84.82) +165.5 pt
ROIC — — 0.00 0.00 (146.64) (18.55) (51.35) (33.56) (26.37) (52.17) (168.62) (52.2) pt
ROE — — 25.18 297.63 (39.48) (23.64) (44.51) (29.49) (27.83) (45.62) (98.98) (70.8) pt
People
People Employees — — — 21 50 186 180 164 165 197 — +45.2%
Revenue/emp, $m — — — 0.00 0.00 0.01 0.05 0.06 0.07 0.07 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Nano-X Imaging 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
ELUT Elutia Inc. $33.3M 0.6× — (loss-making) −11.65% (below 0%: shrinking) n/m −2.52% (below 0%: shrinking) 59.62% (327.85%) Compare
RPID Rapid Micro Biosystems, Inc. $31.1M — (loss-making) — (loss-making) +10.91% (above 0%: growing) n/m −23.97% (below 0%: shrinking) 15.05% (152.99%) Compare
QTI QT Imaging Holdings, Inc. $30.3M — (loss-making) — (loss-making) +103.20% (above 0%: growing) n/m −236.31% (below 0%: shrinking) 41.16% (25.07%) Compare
NSYS Nortech Systems Incorporated $30.0M 28.4× 17.5× +9.34% (above 0%: growing) −8.33% (below 0%: shrinking) −1,567.16% (below 0%: shrinking) 17.00% 1.86% Compare
NNOX Nano-X Imaging Ltd. $19.6M — (loss-making) — (loss-making) +36.71% (above 0%: growing) n/m −21.37% (below 0%: shrinking) (1,050.87%) (1,334.91%)
PMI Flag Ship Acquisition Corp $19.3M — (loss-making) — (loss-making) +38.62% (above 0%: growing) n/m +46.79% (above 0%: growing) 20.85% (156.70%) Compare
ALUR Allurion Technologies, Inc. $16.7M — (loss-making) — (loss-making) −47.19% (below 0%: shrinking) n/m +65.98% (above 0%: growing) 41.70% (126.60%) Compare
LFWD Lifeward Ltd. $16.3M — (loss-making) — (loss-making) +15.71% (above 0%: growing) n/m −52.77% (below 0%: shrinking) 40.90% (62.69%) Compare
ARAY Accuray Incorporated $14.8M — (loss-making) — (loss-making) −20.87% (below 0%: shrinking) n/m +117.83% (above 0%: growing) 35.22% 5.47% Compare
Median of peers $24.6M — — +10.13% — −13.24% 38.06% (94.64%)

All 149 Medical Devices stocks →

Nano-X Imaging Ltd. (NNOX) Latest News

21 May

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