Myomo Financials

MYO

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Key Financial Metrics

Revenue

$32.6M

YoY+69.2%

5Y CAGR+53.4%

Myomo generated $32.6M in revenue in fiscal year 2024. This represents an increase of 69.2% from the prior year.

EBITDA

-$5.4M

YoY+29.6%

Myomo's EBITDA was -$5.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.6% from the prior year.

Free Cash Flow

-$4.7M

YoY+26.4%

Myomo generated -$4.7M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents an increase of 26.4% from the prior year.

Net Income

-$6.2M

YoY+24.1%

Myomo reported -$6.2M in net income in fiscal year 2024. This represents an increase of 24.1% from the prior year.

EPS (Diluted)

$-0.16

YoY+42.9%

Myomo earned $-0.16 per diluted share in fiscal year 2024. This represents an increase of 42.9% from the prior year.

Cash & Debt

$24.4M

YoY+254.7%

5Y CAGR+40.4%

Myomo held $24.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

34M

YoY+26.3%

5Y CAGR+126.5%

Myomo had 34M shares outstanding in fiscal year 2024. This represents an increase of 26.3% from the prior year.

Gross Margin

71.2%

YoY+2.7pp

5Y CAGR+8.3pp

Myomo's gross margin was 71.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.

Operating Margin

-19.1%

YoY+23.7pp

5Y CAGR+262.2pp

Myomo's operating margin was -19.1% in fiscal year 2024, reflecting core business profitability. This is up 23.7 percentage points from the prior year.

Net Margin

-19.0%

YoY+23.3pp

5Y CAGR+260.2pp

Myomo's net profit margin was -19.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 23.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$4.8M

YoY+81.0%

5Y CAGR+22.2%

Myomo invested $4.8M in research and development in fiscal year 2024. This represents an increase of 81.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.4M

YoY+832.8%

5Y CAGR+92.1%

Myomo invested $1.4M in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 832.8% from the prior year.

MYO Income Statement

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Revenue	$32.6M+69.2%	$19.2M+23.7%	$15.6M+12.3%	$13.9M+82.7%	$7.6M+97.6%	$3.8M
Cost of Revenue	$216K+231.9%	$65K-98.8%	$5.3M+4596.3%	$113K-75.3%	$457K-6.8%	$491K
Gross Profit	$23.2M+75.9%	$13.2M+28.6%	$10.3M-0.6%	$10.3M+106.9%	$5.0M+106.2%	$2.4M
R&D Expenses	$4.8M+81.0%	$2.6M+6.2%	$2.5M-2.9%	$2.6M+53.2%	$1.7M-4.6%	$1.7M
SG&A Expenses	$12.4M+27.2%	$9.7M-47.2%	$18.4M+2.3%	$18.0M+30.4%	$13.8M+20.5%	$11.5M
Operating Income	-$6.2M+24.6%	-$8.2M+22.9%	-$10.7M-3.9%	-$10.3M+2.2%	-$10.5M+2.7%	-$10.8M
Interest Expense	N/A	N/A	N/A	N/A	$219K+92.6%	$114K
Income Tax	$366K+134.4%	$156K+123.1%	$70K-21.4%	$89K	N/A	N/A
Net Income	-$6.2M+24.1%	-$8.1M+24.0%	-$10.7M-3.4%	-$10.4M+10.3%	-$11.6M-7.9%	-$10.7M
EPS (Diluted)	$-0.16+42.9%	$-0.28+81.6%	$-1.52+19.6%	$-1.89	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$10.1M+4.5%	$9.7M-1.8%	$9.8M	N/A	$9.2M+22.4%	$7.5M+100.3%	$3.8M	N/A
Cost of Revenue	$98K+62.0%	$60K+85.8%	$32K	N/A	$133K+8.9%	$122K+8.7%	$112K	N/A
Gross Profit	$6.4M+6.4%	$6.1M-8.4%	$6.6M	N/A	$6.9M+30.4%	$5.3M+131.6%	$2.3M	N/A
R&D Expenses	$1.5M-23.7%	$2.0M+11.8%	$1.8M	N/A	$1.2M+24.0%	$1.0M+5.3%	$956K	N/A
SG&A Expenses	$3.2M-6.7%	$3.4M-13.6%	$3.9M	N/A	$3.3M+22.5%	$2.7M-7.4%	$2.9M	N/A
Operating Income	-$3.5M+23.4%	-$4.6M-30.4%	-$3.5M	N/A	-$958K+14.1%	-$1.1M+71.3%	-$3.9M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$136K-8.5%	$148K+8.3%	$137K	N/A	$85K-25.4%	$114K+38.5%	$82K	N/A
Net Income	-$3.7M+20.9%	-$4.6M-33.7%	-$3.5M	N/A	-$966K+13.8%	-$1.1M+70.8%	-$3.8M	N/A
EPS (Diluted)	$-0.09+18.2%	$-0.11-37.5%	$-0.08	N/A	$-0.030.0%	$-0.03+70.0%	$-0.10	N/A

MYO Balance Sheet

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Total Assets	$42.2M+189.7%	$14.6M+43.5%	$10.2M-49.4%	$20.1M+36.6%	$14.7M+122.9%	$6.6M
Current Assets	$32.8M+140.2%	$13.7M+48.1%	$9.2M-51.7%	$19.1M+32.2%	$14.4M+134.9%	$6.1M
Cash & Equivalents	$24.4M+254.7%	$6.9M+28.5%	$5.3M-65.6%	$15.5M+26.8%	$12.2M+174.1%	$4.5M
Inventory	$3.2M+75.5%	$1.8M+28.8%	$1.4M+73.2%	$808K+14.3%	$707K+60.9%	$440K
Accounts Receivable	$3.8M+60.5%	$2.4M+25.7%	$1.9M-3.3%	$2.0M+111.9%	$925K+118.0%	$424K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.5M+213.5%	$5.6M+47.1%	$3.8M-18.9%	$4.7M+49.0%	$3.1M+1719.6%	$173K
Current Liabilities	$10.2M+85.7%	$5.5M+52.1%	$3.6M-15.9%	$4.3M+49.3%	$2.9M-26.1%	$3.9M
Long-Term Debt	$0	N/A	N/A	N/A	N/A	$889K
Total Equity	$24.7M+174.9%	$9.0M+41.4%	$6.4M-58.7%	$15.4M+33.2%	$11.6M+80.0%	$6.4M
Retained Earnings	-$103.1M-6.4%	-$96.9M-9.2%	-$88.8M-13.7%	-$78.1M-15.3%	-$67.7M-20.6%	-$56.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$34.1M-11.9%	$38.7M-5.4%	$40.9M-3.3%	$42.2M+159.0%	$16.3M+0.8%	$16.2M-2.0%	$16.5M+13.3%	$14.6M
Current Assets	$22.9M-18.2%	$28.0M-9.8%	$31.1M-5.2%	$32.8M+123.0%	$14.7M-2.9%	$15.1M-3.6%	$15.7M+15.0%	$13.7M
Cash & Equivalents	$12.6M-11.8%	$14.2M-28.1%	$19.8M-18.8%	$24.4M+268.0%	$6.6M+13.3%	$5.8M+7.6%	$5.4M-20.9%	$6.9M
Inventory	$3.6M-11.6%	$4.1M+22.5%	$3.4M+6.4%	$3.2M-6.4%	$3.4M+30.1%	$2.6M+9.0%	$2.4M+32.3%	$1.8M
Accounts Receivable	$5.3M-25.0%	$7.1M+51.3%	$4.7M+21.9%	$3.8M+2.6%	$3.7M+47.6%	$2.5M+50.1%	$1.7M-29.3%	$2.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.5M-7.6%	$21.1M+9.8%	$19.2M+9.4%	$17.5M+149.7%	$7.0M+7.8%	$6.5M+15.9%	$5.6M+0.5%	$5.6M
Current Liabilities	$9.2M-21.7%	$11.8M+0.7%	$11.7M+14.8%	$10.2M+45.5%	$7.0M+8.1%	$6.5M+16.4%	$5.6M+1.5%	$5.5M
Long-Term Debt	$2.4M+81.3%	$1.3M	N/A	$0	N/A	N/A	N/A	N/A
Total Equity	$14.6M-17.0%	$17.6M-18.8%	$21.7M-12.2%	$24.7M+166.0%	$9.3M-4.0%	$9.7M-11.2%	$10.9M+21.3%	$9.0M
Retained Earnings	-$114.9M-3.3%	-$111.2M-4.3%	-$106.6M-3.4%	-$103.1M-0.3%	-$102.9M-0.9%	-$101.9M-1.1%	-$100.8M-4.0%	-$96.9M

MYO Cash Flow Statement

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.3M+46.7%	-$6.2M+39.7%	-$10.2M-7.2%	-$9.5M-5.7%	-$9.0M+12.7%	-$10.3M
Capital Expenditures	$1.4M+832.8%	$146K+30.4%	$112K-65.8%	$326K+613.5%	$46K-12.0%	$52K
Free Cash Flow	-$4.7M+26.4%	-$6.3M+38.9%	-$10.3M-4.8%	-$9.9M-8.8%	-$9.1M+12.7%	-$10.4M
Investing Cash Flow	$260K+112.8%	-$2.0M-553.0%	-$311K+4.8%	-$326K-613.5%	-$46K+12.0%	-$52K
Financing Cash Flow	$20.9M+115.5%	$9.7M+2477.5%	$377K-97.1%	$13.2M-21.5%	$16.8M+101.7%	$8.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$2.7M	N/A	N/A	N/A	-$3.2M	N/A
Capital Expenditures	N/A	N/A	$671K	N/A	N/A	N/A	$60K	N/A
Free Cash Flow	N/A	N/A	-$3.3M	N/A	N/A	N/A	-$3.3M	N/A
Investing Cash Flow	N/A	N/A	-$1.9M	N/A	N/A	N/A	-$3.5M	N/A
Financing Cash Flow	N/A	N/A	-$37K	N/A	N/A	N/A	$5.4M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MYO Financial Ratios

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Gross Margin	71.2%+2.7pp	68.5%+2.6pp	65.9%-8.5pp	74.4%+8.7pp	65.7%+2.7pp	63.0%
Operating Margin	-19.1%+23.7pp	-42.8%+25.8pp	-68.6%+5.5pp	-74.1%+64.4pp	-138.5%+142.8pp	-281.3%
Net Margin	-19.0%+23.3pp	-42.3%+26.6pp	-68.9%+5.9pp	-74.9%+77.6pp	-152.5%+126.7pp	-279.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-14.6%+41.2pp	-55.9%+49.6pp	-105.5%-53.9pp	-51.6%+27.0pp	-78.6%+83.7pp	-162.3%
Current Ratio	3.22+0.7	2.49-0.1	2.56-1.9	4.46-0.6	5.03+3.5	1.58
Debt-to-Equity	0.00-0.6	0.62+0.0	0.60+0.3	0.30+0.0	0.27+0.1	0.14
FCF Margin	-14.3%+18.6pp	-32.8%+33.7pp	-66.5%+4.7pp	-71.3%+48.5pp	-119.7%+151.1pp	-270.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	63.8%+1.1pp	62.7%-4.5pp	67.2%	N/A	75.4%+4.6pp	70.8%+9.6pp	61.2%	N/A
Operating Margin	-34.9%+12.7pp	-47.6%-11.8pp	-35.8%	N/A	-10.4%+4.4pp	-14.8%+88.8pp	-103.6%	N/A
Net Margin	-36.3%+11.7pp	-48.0%-12.8pp	-35.2%	N/A	-10.5%+4.4pp	-14.9%+87.3pp	-102.2%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-10.8%+1.2pp	-12.0%-3.5pp	-8.5%	N/A	-5.9%+1.0pp	-6.9%+16.3pp	-23.2%	N/A
Current Ratio	2.49+0.1	2.39-0.3	2.66-0.6	3.22+1.1	2.10-0.2	2.34-0.5	2.83+0.3	2.49
Debt-to-Equity	0.17+0.1	0.08-0.8	0.88+0.9	0.00-0.8	0.76+0.1	0.67+0.2	0.52-0.1	0.62
FCF Margin	N/A	N/A	-34.1%	N/A	N/A	N/A	-88.0%	N/A

Frequently Asked Questions

What is Myomo's annual revenue?

Myomo (MYO) reported $32.6M in revenue for fiscal year 2024.

How fast is Myomo's revenue growing?

Myomo (MYO) revenue grew by 69.2% year-over-year, from $19.2M to $32.6M in fiscal year 2024.

Is Myomo profitable?

No, Myomo (MYO) reported a net income of -$6.2M in fiscal year 2024, with a net profit margin of -19.0%.

What is Myomo's earnings per share (EPS)?

Myomo (MYO) reported diluted earnings per share of $-0.16 for fiscal year 2024.

What is Myomo's EBITDA?

Myomo (MYO) had EBITDA of -$5.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Myomo have?

As of fiscal year 2024, Myomo (MYO) had $24.4M in cash and equivalents against $0 in long-term debt.

What is Myomo's gross margin?

Myomo (MYO) had a gross margin of 71.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Myomo's operating margin?

Myomo (MYO) had an operating margin of -19.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Myomo's net profit margin?

Myomo (MYO) had a net profit margin of -19.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Myomo's free cash flow?

Myomo (MYO) generated -$4.7M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is Myomo's operating cash flow?

Myomo (MYO) generated -$3.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Myomo's total assets?

Myomo (MYO) had $42.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Myomo's capital expenditures?

Myomo (MYO) invested $1.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Myomo spend on research and development?

Myomo (MYO) invested $4.8M in research and development during fiscal year 2024.

How many shares does Myomo have outstanding?

Myomo (MYO) had 34M shares outstanding as of fiscal year 2024.

What is Myomo's current ratio?

Myomo (MYO) had a current ratio of 3.22 as of fiscal year 2024, which is generally considered healthy.

What is Myomo's debt-to-equity ratio?

Myomo (MYO) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Myomo's return on assets (ROA)?

Myomo (MYO) had a return on assets of -14.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.