What is Profusa Inc's earnings per share (EPS)?

Profusa Inc (PFSA) reported diluted earnings per share of $-107.01 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Profusa Inc Financials

PFSA

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Profusa Inc (PFSA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PFSA FY2025 2026-05-15

Profusa operates like a financing-dependent development business, where cash burn and liability pressure matter far more than reported sales.

Operating cash burn widened from $2.1M to $16.2M, which means the latest year was not just another loss but a much heavier cash-consuming phase. With only cash on hand of $1.8M and a current ratio of 0.2x, the balance sheet shows obligations arriving far faster than internally generated funds.

Reported revenue was only $100K in the last year it was disclosed, while R&D spending was $1.6M; that gap says the business is still being built rather than supported by customer demand. In that stage, losses are less informative than whether outside capital can keep funding development.

Balance-sheet repair is visible: negative equity improved from -$119.2M to -$26.7M. But shares outstanding climbed from 5.9M to 65.7M, which suggests the cleaner equity hole did not come from operating success or internal cash generation.

Financial Health Signals

Financial Profile 0/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Profusa Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Liquidity

Profusa Inc's current ratio of 0.17 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-107.01

Profusa Inc earned $-107.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 70.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$16.3M

Profusa Inc generated -$16.3M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$1.8M

YoY+830.9%

Profusa Inc held $1.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

66M

Profusa Inc had 66M shares outstanding in fiscal year 2025. This represents an increase of 1016.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

$2.8M

YoY+74.4%

Profusa Inc invested $2.8M in research and development in fiscal year 2025. This represents an increase of 74.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$8K

Profusa Inc invested $8K in capex in fiscal year 2025, funding long-term assets and infrastructure.

PFSA Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	N/A	$100K	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	$2.8M+74.4%	$1.6M	N/A	N/A
SG&A Expenses	N/A	$3.0M	N/A	N/A
Operating Income	N/A	-$4.5M-198.3%	-$1.5M-18.7%	-$1.3M
Interest Expense	$2.5M-43.0%	$4.4M	N/A	N/A
Income Tax	N/A	$81K-82.4%	$457K-8.5%	$499K
Net Income	N/A	-$9.2M-894.4%	$1.2M-83.8%	$7.2M
EPS (Diluted)	$-107.01	$-357.14-297716.7%	$0.12-60.0%	$0.30

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$75K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$1.1M	N/A	$722K	N/A	$434K	N/A	$411K	N/A
SG&A Expenses	$2.9M	N/A	$21.0M	N/A	$990K	N/A	$767K	N/A
Operating Income	-$4.0M	N/A	N/A	-$967K+32.1%	-$1.4M	N/A	-$1.1M-335.7%	-$253K
Interest Expense	$18K	N/A	$169K	N/A	$500K	N/A	$1.1M	N/A
Income Tax	N/A	N/A	N/A	$2K-87.7%	$19K	N/A	$19K-15.3%	$23K
Net Income	-$3.5M	N/A	N/A	-$2.3M+13.5%	-$2.7M	N/A	-$2.5M-3.6%	-$2.4M
EPS (Diluted)	$-2.05	N/A	$-0.70	$-1.53+98.5%	$-105.09	N/A	$-1.29-1742.9%	$-0.07

PFSA Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$3.8M+22.8%	$3.1M-71.8%	$10.9M-94.4%	$194.7M
Current Assets	$3.8M+1347.7%	$260K-83.5%	$1.6M+208.1%	$512K
Cash & Equivalents	$1.8M+830.9%	$191K+4126.6%	$5K-97.7%	$193K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$30.4M-75.1%	$122.3M+1.2%	$120.9M-38.1%	$195.4M
Current Liabilities	$22.3M-61.0%	$57.1M+1060.8%	$4.9M+425.9%	$936K
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	-$26.7M+77.6%	-$119.2M-8.4%	-$110.0M-17656.3%	-$619K
Retained Earnings	-$160.8M-28.7%	-$125.0M-3511.7%	-$3.5M-458.0%	-$620K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$862K-77.2%	$3.8M-11.2%	$4.3M+116.6%	$2.0M-1.1%	$2.0M-35.5%	$3.1M-65.0%	$8.8M+2.3%	$8.6M
Current Assets	$662K-82.4%	$3.8M-10.3%	$4.2M+509.9%	$688K+988.7%	$63K-75.7%	$260K-61.9%	$682K+500.7%	$114K
Cash & Equivalents	$375K-78.9%	$1.8M-40.9%	$3.0M+171744.7%	$2K-90.8%	$19K-90.1%	$191K+35734.9%	$533-91.8%	$6K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$29.1M-4.5%	$30.4M-20.4%	$38.2M-69.7%	$126.1M+1.8%	$123.9M+1.3%	$122.3M-2.8%	$125.7M+2.2%	$123.1M
Current Liabilities	$29.0M+30.4%	$22.3M-5.4%	$23.5M+45.5%	$16.2M+22.1%	$13.3M-76.8%	$57.1M+1006.0%	$5.2M+24.3%	$4.2M
Long-Term Debt	$2.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$28.2M-5.8%	-$26.7M+21.5%	-$34.0M+72.7%	-$124.2M-1.9%	-$121.9M-2.3%	-$119.2M-1.9%	-$117.0M-2.2%	-$114.5M
Retained Earnings	-$164.2M-2.1%	-$160.8M-5.6%	-$152.2M-576.2%	-$22.5M-57.4%	-$14.3M+88.6%	-$125.0M-2314.3%	-$5.2M-2.0%	-$5.1M

PFSA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$16.2M-686.4%	-$2.1M-0.1%	-$2.1M-255.3%	-$581K
Capital Expenditures	$8K	N/A	N/A	N/A
Free Cash Flow	-$16.3M	N/A	N/A	N/A
Investing Cash Flow	-$2.0M-167.7%	$3.0M	N/A	$33K
Financing Cash Flow	N/A	$2.1M	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$3.2M	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.6M+49.8%	-$5.1M+51.7%	-$10.6M-30104.5%	$35K+106.6%	-$537K-125.6%	-$238K+79.3%	-$1.2M-191.8%	-$395K
Capital Expenditures	$5K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$2.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$1.1M+213.6%	-$1.0M+86.5%	-$7.5M-749035700.0%	-$1-100.0%	$6.5M+1317.3%	$458K+508.5%	-$112K-271.8%	$65K
Financing Cash Flow	$28K-99.4%	$4.9M-76.6%	$20.9M+428.8%	-$6.4M-1844.7%	$365K+26.3%	$289K-92.3%	$3.8M+1039.8%	$331K
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	$0-100.0%	$6.5M+993.5%	$595K	$0	$0

PFSA Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	-4500.0%	N/A	N/A
Net Margin	N/A	-9230.0%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	N/A	-300.4%-311.0pp	10.7%+7.0pp	3.7%
Current Ratio	0.17+0.2	0.00-0.3	0.32-0.2	0.55
Debt-to-Equity	-1.14-0.1	-1.03+0.1	-1.10+314.3	-315.36
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	-1470.7%	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	-3329.3%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-400.9%	N/A	N/A	-119.6%+17.3pp	-136.9%	N/A	-28.4%-0.4pp	-28.1%
Current Ratio	0.02-0.1	0.170.0	0.18+0.1	0.04+0.0	0.000.0	0.00-0.1	0.13+0.1	0.03
Debt-to-Equity	-1.03+0.1	-1.14-0.0	-1.13-0.1	-1.020.0	-1.020.0	-1.03+0.0	-1.080.0	-1.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$26.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Profusa Inc's free cash flow?

Profusa Inc (PFSA) generated -$16.3M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Profusa Inc's operating cash flow?

Profusa Inc (PFSA) generated -$16.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Profusa Inc's total assets?

Profusa Inc (PFSA) had $3.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Profusa Inc's capital expenditures?

Profusa Inc (PFSA) invested $8K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Profusa Inc spend on research and development?

Profusa Inc (PFSA) invested $2.8M in research and development during fiscal year 2025.

How many shares does Profusa Inc have outstanding?

Profusa Inc (PFSA) had 66M shares outstanding as of fiscal year 2025.

What is Profusa Inc's current ratio?

Profusa Inc (PFSA) had a current ratio of 0.17 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Profusa Inc's debt-to-equity ratio?

Profusa Inc (PFSA) had a debt-to-equity ratio of -1.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Profusa Inc's cash runway?

Based on fiscal year 2025 data, Profusa Inc (PFSA) had $1.8M in cash against an annual operating cash burn of $16.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Profusa Inc's debt-to-equity ratio negative or unusual?

Profusa Inc (PFSA) has negative shareholder equity of -$26.7M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

How financially healthy is Profusa Inc?

Profusa Inc (PFSA) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.