TriSalus Life Sciences, Inc.

TLSI Healthcare Medical Devices

TriSalus Life Sciences, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.2 million, up 53.4% from fiscal 2024.

Revenue
+1.73%
EPS
+40.7%
Free cash flow
−41.3%
Total debt
+2.45%

Quarter to June 2026, against a year earlier

3.42 0.11 −3.12%
Market cap
$217.4M
P/E
0.0×
Fwd P/E
−11.2×
Dividend yield
—
F-score
3/9
Altman Z
−11.34
Beneish M
−5.08
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 3.61
Sold, $m 0.14
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 5 — — 5 — — — — — —
Sell — — — 5 — 1 — — — — 3 —
Insider Ownership 34.65%

Capital & Financial Ratios $m

Size
Market Cap 217.36
Revenue ttm 45.08
Net income ttm (28.21)
Free cash flow ttm (23.24)
Net debt Q (13.22)
Valuation
P/E 0.00
Forward P/E (11.20) (negative: loss-making)
Price / sales 4.60
Forward P/S Powerpack
Price / FCF 0.00
Price / book 31.69 (above 6: high)
Financial health
Current ratio Q 5.35 (at or above 1.5: strong)
Debt / equity Q 5.05 (above 2: weak)
Interest coverage Q (6.59)
Growth
Revenue growth Q +1.73% (above 0%: growing)
Operating income growth Q −33.84% (below 0%: shrinking)
EPS, this year +82.02% (at or above 15%: strong)
EPS, next year A +20.21% (at or above 15%: strong)
Revenue, next year A +17.65% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +62.98% (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 45.37%
10-year low 10-year high
EV/Sales against its own 10 years 31.35%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 12 9 20 46
Receivables 4 5 7 6
Inventory 3 4 3 4
Other — — — —
21 21 32 60
2023 2024 2025 Q'26
Payables 3 2 3 4
ST’ Debt — — — —
Other 0 0 0 0
15 10 11 11

Compound Annual Growth %

10y 5y 3y
Sales — — 53.85%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.03 (0.16) — — —
’25 (0.39) (0.27) (0.96) (0.21) (1.84)
’24 (0.60) (0.21) (0.12) (0.40) (1.31)
’23 (0.51) (31.33) (0.13) (1.56) (6.73)
’22 0.45 0.38 (25.95) (127.10) (152.22)
’21 (0.06) 0.06 0.30 0.46 0.76
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 9 11 — — —
’25 9 11 12 13 45
’24 6 7 7 8 29
’23 3 5 5 6 19
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (10) — — —
’25 (4) (7) (4) (2) (18)
’24 (11) (13) (11) (6) (41)
’23 (11) (9) (22) (9) (51)
’22 0 (1) (23) (8) (32)
’21 0 0 0 (1) (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) (10) — — —
’25 (5) (7) (4) (3) (19)
’24 (11) (13) (11) (6) (41)
’23 (11) (9) (22) (10) (52)
’22 0 (1) (23) (9) (33)
’21 0 0 0 (1) (2)
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 — — — — — — 12 19 29 45 45 +53.9% 53 75 105 +32.4%
Gross margin, % — — — — — — 81.79 85.93 86.06 84.57 85.79 +2.8 pt
EBT — — — — (1) 5 (47) (59) (30) (39) (28) +123.0%
EBT margin, % — — — — 0.00 0.00 (380.53) (320.64) (102.07) (86.86) (62.56) (86.9) pt
Net income — 0 — — (1) 5 (47) (59) (30) (39) (28) n/m
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 39.99 1.97 1.16 1.19 0.77 n/m
Earnings — — — — (0.11) 0.76 (152.22) (6.73) (1.31) (1.84) (1.30) +74.8%
Cash flow — — — — (0.11) (0.28) (104.24) (5.38) (1.61) (0.48) (0.39) +34.7%
Capex — — — — 0.00 0.00 (2.54) (0.12) (0.01) (0.02) (0.01) n/m
Free cash flow — — — — (0.11) (0.28) (106.77) (5.50) (1.63) (0.50) (0.40) +35.9%
Book value — — — — (3.40) (2.67) (568.81) (2.88) (1.02) (0.89) 0.11 (23.5%)
Shares, m — — — — 6 6 0 9 25 38 48 +43.1%
Valuation, ×
Valuation, × P/E — — — — — — 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — — — 0.00 4.19 4.31 5.86 4.60 3.6
P/B — — — — — — 0.00 0.00 0.00 0.00 31.69 0.0
EV/Sales — — — — — — 0.00 3.64 4.78 6.14 4.32 3.6
EV/FCF — — — — — — 0.12 (1.30) (3.36) (14.16) (8.11) (4.7)
Cash, $m
Cash, $m Operating cash flow — — — — (1) (2) (32) (51) (41) (18) (23) +92.7%
Capex — — — — — — (1) (1) 0 (1) 0 +2.2%
Free cash flow — — — — (1) (2) (33) (52) (41) (19) (23) +94.5%
Balance, $m
Balance, $m Working capital — — — — 2 (1) (15) 6 10 21 49 +61.2%
Net debt — — — — (1) 0 (8) (12) 14 13 (13) n/m
Shareholders’ equity — — — — (21) (17) (176) (27) (26) (34) 7 +9.5%
Returns, %
Returns, % ROA — — — — (0.56) 1.90 (36.71) (273.01) (136.85) (235.03) (113.09) (234.5) pt
ROIC — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — — (0.60) (24.96) 51.82 62.54 125.50 233.25 911.60 +233.8 pt
People
People Employees — — — — — — 3 112 110 102 — +224.0%
Revenue/emp, $m — — — — — — 4.13 0.17 0.27 0.44 — (52.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

TriSalus Life Sciences, 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
TMCI Treace Medical Concepts, Inc. $271.9M — (loss-making) — (loss-making) −4.24% (below 0%: shrinking) n/m +11.74% (above 0%: growing) 78.47% (32.96%) Compare
INFU InfuSystems Holdings, Inc. $270.1M 32.0× 33.0× +2.59% (above 0%: growing) +33.33% (above 0%: growing) −66.54% (below 0%: shrinking) 57.98% 11.24% Compare
QSI Quantum-Si Incorporated $256.1M — (loss-making) — (loss-making) −61.59% (below 0%: shrinking) n/m +37.48% (above 0%: growing) 34.91% (11,215.09%) Compare
PROF Profound Medical $251.3M — (loss-making) — (loss-making) +85.86% (above 0%: growing) n/m +47.93% (above 0%: growing) 78.13% (79.56%) Compare
LAB Standard BioTools Inc. $245.7M 1.8× — (loss-making) −0.85% (below 0%: shrinking) n/m +73.32% (above 0%: growing) 55.86% (101.98%) Compare
ELMD Electromed, Inc. $221.8M 19.4× 18.6× +11.64% (above 0%: growing) +57.69% (above 0%: growing) −25.15% (below 0%: shrinking) 78.71% 19.70% Compare
TLSI TriSalus Life Sciences, Inc. $217.4M — (loss-making) — (loss-making) +1.73% (above 0%: growing) n/m −41.29% (below 0%: shrinking) 86.78% (86.03%)
RXST RxSight, Inc. $190.4M — (loss-making) — (loss-making) −18.97% (below 0%: shrinking) n/m +2,591.06% (above 0%: growing) 73.62% (75.32%) Compare
STIM Neuronetics, Inc. $185.2M — (loss-making) — (loss-making) +12.51% (above 0%: growing) n/m +237.71% (above 0%: growing) 52.17% 1.29% Compare
Median of peers $248.5M 19.4× — +0.87% — +42.71% 65.80% (54.14%)

All 149 Medical Devices stocks →

Pay and ownership Proxy statement filed 31 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.82m 6.89m 83.00
2024 4.14m 1.52m 59.00

Ownership

Directors and executive officers, together 16.30%
Frankenius Equity AB 11.40%
Utmost Group PLC 5.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

TriSalus Life Sciences, Inc. (TLSI) Latest News

19 Feb

Impact 4 · · Business Wire

9 Feb

Impact 3 · · Business WireSimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.MarketBeatSimply Wall St.Simply Wall St.
stockrow.com/TLSI · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com