Tivic Health Systems Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tivic Health Systems Inc has an operating margin of -725.8%, meaning the company retains $-726 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -701.1% the prior year.
Tivic Health Systems Inc's revenue declined 33.7% year-over-year, from $1.2M to $780K. This contraction results in a growth score of 0/100.
Tivic Health Systems Inc carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.70, Tivic Health Systems Inc holds $9.70 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Tivic Health Systems Inc passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Tivic Health Systems Inc generates $1.01 in operating cash flow (-$5.7M OCF vs -$5.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tivic Health Systems Inc earns $-943.5 in operating income for every $1 of interest expense (-$5.7M vs $6K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Tivic Health Systems Inc (TIVC) 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).
Key Financial Metrics
Tivic Health Systems Inc generated $780K in revenue in fiscal year 2024. This represents a decrease of 33.7% from the prior year.
Tivic Health Systems Inc's EBITDA was -$5.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.3% from the prior year.
Tivic Health Systems Inc reported -$5.7M in net income in fiscal year 2024. This represents an increase of 31.4% from the prior year.
Tivic Health Systems Inc earned $-19.68 per diluted share (EPS) in fiscal year 2024. This represents an increase of 88.9% from the prior year.
Tivic Health Systems Inc held $2.0M in cash against $0 in long-term debt as of fiscal year 2024.
Tivic Health Systems Inc had 556,902 shares outstanding in fiscal year 2024. This represents an increase of 545.8% from the prior year.
Tivic Health Systems Inc's gross margin was 0.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 24.1 percentage points from the prior year.
Tivic Health Systems Inc's operating margin was -725.8% in fiscal year 2024, reflecting core business profitability. This is down 24.7 percentage points from the prior year.
Tivic Health Systems Inc's net profit margin was -725.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 24.0 percentage points from the prior year.
Tivic Health Systems Inc invested $1.3M in research and development in fiscal year 2024. This represents a decrease of 20.7% from the prior year.
TIVC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $146K+69.8% | $86K+22.9% | $70K-61.1% | $180K+28.6% | $140K-58.1% | $334K-6.4% | $357K+26.6% | $282K |
| Cost of Revenue | $291K+809.4% | $32K+60.0% | $20K-95.2% | $419K+280.9% | $110K-34.1% | $167K-52.6% | $352K+102.3% | $174K |
| Gross Profit | -$145K-368.5% | $54K+8.0% | $50K+120.9% | -$239K-896.7% | $30K-82.0% | $167K+3240.0% | $5K-95.4% | $108K |
| R&D Expenses | $858K+31.0% | $655K+95.5% | $335K+0.6% | $333K+10.3% | $302K+18.0% | $256K-28.9% | $360K+6.8% | $337K |
| SG&A Expenses | $1.1M+17.4% | $907K-13.0% | $1.0M+55.5% | $670K-14.9% | $787K-11.3% | $887K-23.1% | $1.2M+9.8% | $1.1M |
| Operating Income | -$2.5M-28.4% | -$1.9M-28.4% | -$1.5M-1.6% | -$1.5M-17.1% | -$1.3M+14.5% | -$1.5M+34.0% | -$2.2M-27.5% | -$1.8M |
| Interest Expense | N/A | $3K-25.0% | $4K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.6M-34.4% | -$1.9M-28.6% | -$1.5M-1.7% | -$1.5M-16.7% | -$1.3M+14.5% | -$1.5M+34.0% | -$2.2M-27.4% | -$1.8M |
| EPS (Diluted) | N/A | $-2.19+13.1% | $-2.52-182.1% | $3.07 | $-5.37 | $-17.15 | $-157.64 | $-1.48 |
TIVC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.2M+38.2% | $4.5M+19.4% | $3.8M+34.6% | $2.8M-41.3% | $4.8M+45.6% | $3.3M-36.3% | $5.2M-26.4% | $7.0M |
| Current Assets | $3.7M+103.0% | $1.8M+46.1% | $1.3M-52.2% | $2.6M-43.4% | $4.7M+64.9% | $2.8M-39.2% | $4.7M-27.9% | $6.5M |
| Cash & Equivalents | $3.5M+191.4% | $1.2M+77.0% | $669K-66.6% | $2.0M-45.8% | $3.7M+121.4% | $1.7M-50.9% | $3.4M-34.3% | $5.2M |
| Inventory | $4K-98.6% | $283K-7.5% | $306K-4.1% | $319K-58.4% | $766K-1.0% | $774K+2.4% | $756K-18.5% | $928K |
| Accounts Receivable | $19K+46.2% | $13K0.0% | $13K-81.2% | $69K+331.3% | $16K-78.4% | $74K-57.5% | $174K+32.8% | $131K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $638K-22.3% | $821K+10.8% | $741K+172.4% | $272K-54.0% | $591K-47.8% | $1.1M-28.2% | $1.6M+27.0% | $1.2M |
| Current Liabilities | $638K-22.3% | $821K+10.8% | $741K+172.4% | $272K-54.0% | $591K-40.4% | $992K-29.2% | $1.4M+40.1% | $1.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.6M+51.6% | $3.7M+21.4% | $3.0M+19.8% | $2.5M-39.5% | $4.2M+94.7% | $2.2M-39.9% | $3.6M-37.9% | $5.8M |
| Retained Earnings | -$49.6M-5.6% | -$47.0M-4.3% | -$45.0M-3.4% | -$43.5M-7.2% | -$40.6M-3.2% | -$39.4M-3.9% | -$37.9M-6.3% | -$35.6M |
TIVC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M-9.3% | -$1.8M-105.5% | -$889K+34.9% | -$1.4M-6.1% | -$1.3M+22.7% | -$1.7M+6.1% | -$1.8M+5.2% | -$1.9M |
| Capital Expenditures | $10K | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Free Cash Flow | -$2.0M | N/A | N/A | N/A | N/A | N/A | -$1.8M+5.2% | -$1.9M |
| Investing Cash Flow | -$10K+50.0% | -$20K+96.2% | -$526K | N/A | N/A | N/A | $0 | $0 |
| Financing Cash Flow | $4.3M+80.9% | $2.4M+2780.5% | $82K-93.0% | $1.2M-64.4% | $3.3M+5529.5% | -$61K | $0-100.0% | $4.4M |
| 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 |
TIVC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -99.3%-162.1pp | 62.8%-8.6pp | 71.4%+204.2pp | -132.8%-154.2pp | 21.4%-28.6pp | 50.0%+48.6pp | 1.4%-36.9pp | 38.3% |
| Operating Margin | -1700.7%+548.2pp | -2248.8%-97.4pp | -2151.4%-1327.5pp | -823.9%+80.4pp | -904.3%-460.9pp | -443.4%+185.2pp | -628.6%-4.5pp | -624.1% |
| Net Margin | -1778.1%+467.3pp | -2245.3%-99.6pp | -2145.7%-1325.2pp | -820.6%+83.7pp | -904.3%-460.9pp | -443.4%+184.9pp | -628.3%-4.2pp | -624.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -41.7%+1.2pp | -42.8%-3.1pp | -39.8%+12.8pp | -52.6%-26.2pp | -26.5%+18.6pp | -45.1%-1.6pp | -43.5%-18.4pp | -25.1% |
| Current Ratio | 5.86+3.6 | 2.24+0.5 | 1.70-8.0 | 9.70+1.8 | 7.89+5.0 | 2.85-0.5 | 3.32-3.1 | 6.46 |
| Debt-to-Equity | 0.11-0.1 | 0.22-0.0 | 0.24+0.1 | 0.11-0.0 | 0.14-0.4 | 0.53+0.1 | 0.44+0.2 | 0.22 |
| FCF Margin | -1374.0% | N/A | N/A | N/A | N/A | N/A | -496.9%+166.6pp | -663.5% |
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Frequently Asked Questions
What is Tivic Health Systems Inc's annual revenue?
Tivic Health Systems Inc (TIVC) reported $780K in total revenue for fiscal year 2024. This represents a -33.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tivic Health Systems Inc's revenue growing?
Tivic Health Systems Inc (TIVC) revenue declined by 33.7% year-over-year, from $1.2M to $780K in fiscal year 2024.
Is Tivic Health Systems Inc profitable?
No, Tivic Health Systems Inc (TIVC) reported a net income of -$5.7M in fiscal year 2024, with a net profit margin of -725.0%.
What is Tivic Health Systems Inc's earnings per share (EPS)?
Tivic Health Systems Inc (TIVC) reported diluted earnings per share of $-19.68 for fiscal year 2024. 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.
What is Tivic Health Systems Inc's EBITDA?
Tivic Health Systems Inc (TIVC) had EBITDA of -$5.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tivic Health Systems Inc's gross margin?
Tivic Health Systems Inc (TIVC) had a gross margin of 0.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tivic Health Systems Inc's operating margin?
Tivic Health Systems Inc (TIVC) had an operating margin of -725.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tivic Health Systems Inc's net profit margin?
Tivic Health Systems Inc (TIVC) had a net profit margin of -725.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tivic Health Systems Inc's operating cash flow?
Tivic Health Systems Inc (TIVC) generated -$5.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tivic Health Systems Inc's total assets?
Tivic Health Systems Inc (TIVC) had $2.8M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Tivic Health Systems Inc spend on research and development?
Tivic Health Systems Inc (TIVC) invested $1.3M in research and development during fiscal year 2024.
How many shares does Tivic Health Systems Inc have outstanding?
Tivic Health Systems Inc (TIVC) had 556,902 shares outstanding as of fiscal year 2024.
What is Tivic Health Systems Inc's current ratio?
Tivic Health Systems Inc (TIVC) had a current ratio of 9.70 as of fiscal year 2024, which is generally considered healthy.
What is Tivic Health Systems Inc's debt-to-equity ratio?
Tivic Health Systems Inc (TIVC) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tivic Health Systems Inc's return on assets (ROA)?
Tivic Health Systems Inc (TIVC) had a return on assets of -201.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tivic Health Systems Inc's cash runway?
Based on fiscal year 2024 data, Tivic Health Systems Inc (TIVC) had $2.0M in cash against an annual operating cash burn of $5.7M. This gives an estimated cash runway of approximately 4 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.
What is Tivic Health Systems Inc's Piotroski F-Score?
Tivic Health Systems Inc (TIVC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tivic Health Systems Inc's earnings high quality?
Tivic Health Systems Inc (TIVC) has an earnings quality ratio of 1.01x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tivic Health Systems Inc cover its interest payments?
Tivic Health Systems Inc (TIVC) has an interest coverage ratio of -943.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tivic Health Systems Inc?
Tivic Health Systems Inc (TIVC) scores 50 out of 100 on our Financial Profile, indicating moderate 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.