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Financials · ECOR

electroCore Inc. (ECOR) financials

For the twelve months ended Sep 30, 2026, electroCore Inc. reported $37.97M of revenue and -$12.70M of net income.

Revenue, TTM
$37.97M
Revenue growth, YoY
+27.3%
Net income, TTM
-$12.70M
Net margin
-33.5%
Free cash flow, TTM
-$10.90M
Cash
$6.31M
Total debt
$6.89M
P/S
1.76
Market cap
$66.9M
Annual revenue$32.03M
FY2017FY2025
Annual net income-$13.97M
FY2017FY2025
Annual free cash flow-$8.25M
FY2017FY2025

ECOR revenue and earnings growth

ECOR revenueQ3 2026$9.69M

Quarter YoY
+11.5%
QoQ
+2.5%
FY YoY
+27.2%
5Y CAGR
+55.7%

ECOR revenue was $9.69M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.5% from a year earlier and up 2.5% from the prior quarter. For the full fiscal 2025 it was $32.03M, up 27.2% from fiscal 2024. Compound annual growth was +55.7% over 5 years. It rose in each of the last 8 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.

ECOR net incomeQ3 2026-$1.34M

ECOR net income was -$1.34M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.40M a year earlier. For the full fiscal 2025 it was -$13.97M, compared with -$11.89M in fiscal 2024.

ECOR EPSQ3 2026-$0.13

ECOR diluted EPS was -$0.13 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.40 a year earlier. For the full fiscal 2025 it was -$1.65, compared with -$1.59 in fiscal 2024.

ECOR free cash flowQ3 2026-$2.83M

ECOR free cash flow was -$2.83M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.67M a year earlier. For the full fiscal 2025 it was -$8.25M.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$32.03M$25.18M$16.03M$8.59M$5.45M$3.50M$2.39M$993.0K$811.5K
Cost of revenue$4.24M$3.79M$2.80M$1.62M$1.39M$1.74M$1.16M$578.7K$518.5K
Gross profit$27.79M$21.40M$13.23M$6.98M$4.07M$1.76M$1.23M$414.2K$292.9K
Research and development-$2.36M$5.32M$5.52M$2.54M$4.20M$9.90M$12.47M$7.83M
Selling, general and admin$38.21M$31.20M$27.17M$24.33M$21.57M$21.84M$35.42M$42.50M$18.11M
Operating income-$13.15M-$12.16M-$19.27M-$22.87M-$20.04M-$24.75M-$46.09M-$54.55M-$25.64M
Interest expense$14.9K$18.4K-$4.0K----$6.30M
Pre-tax income-$13.96M-$11.98M-$19.02M-$22.59M-$18.07M-$24.68M-$45.13M-$55.76M-$36.03M
Income tax$3.0K-$93.0K-$186.0K-$431.0K-$851.0K-$1.17M$17.7K$2.4K-
Net income-$13.97M-$11.89M-$18.83M-$22.16M-$17.22M-$23.51M-$45.15M-$55.82M-$35.79M
EPS, basic-$1.65-$1.59-$3.42-$4.69-$4.36-$0.60-$1.54-$1.19-
EPS, diluted-$1.65-$1.59-$3.42-$4.69-$4.36-$0.60-$1.54-$1.19-
Diluted shares8,4837,4835.5M4,7293,94539.0M29.4M29.3M-

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$7.04M$3.70M$10.33M$17.71M$34.69M$4.24M$13.56M$7.60M$13.22M
Short-term investments$4.58M$8.52M-------
Receivables$1.03M$1.37M$717.0K$401.0K$438.0K$270.5K$496.1K$267.6K$103.2K
Inventory$1.63M$1.68M$2.16M$1.98M$1.36M$876.4K$891.0K$1.95M$327.8K
Current assets$15.67M$16.30M$14.29M$21.17M$37.54M$25.06M$26.53M$72.70M$39.03M
Total assets$18.67M$20.47M$16.10M$24.76M$42.83M$31.52M$35.46M$73.50M$39.23M
Current liabilities$11.35M$9.15M$8.12M$7.04M$5.49M$5.89M$9.14M$7.07M$6.12M
Short-term debt-----$311.6K---
Long-term debt$6.61M----$1.10M---
Total debt$6.61M----$1.41M---
Total liabilities$20.38M$12.93M$8.66M$7.67M$6.18M$7.87M$10.56M$7.32M$6.43M
Shareholders' equity-$1.71M$7.54M$7.44M$17.09M$36.65M$23.64M$24.90M$66.19M-$89.47M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow-$8.19M-$6.95M-$14.67M-$16.64M-$13.63M-$20.05M-$45.07M-$47.11M-$25.33M
Capital expenditures$66.0K-$206.0K---$69.7K$278.9K$152.5K
Free cash flow-$8.25M--$14.87M----$45.14M-$47.39M-$25.48M
Investing cash flow$3.88M-$8.52M-$206.0K-$18.22M-$7.96M$50.97M-$36.83M-$24.12M
Financing cash flow$7.63M$8.44M$7.49M-$25.68M$18.90M$160.8K$78.33M$62.49M
Stock-based compensation$1.93M$1.87M$1.70M$2.68M$3.30M$3.27M$3.90M$7.60M$462.3K
Depreciation and amortization$501.0K$760.0K$962.0K$548.0K$382.0K$399.2K$249.6K$66.7K$32.3K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY27.2%57.1%86.6%57.6%55.9%46.3%140.7%22.4%-
Gross margin86.8%85.0%82.5%81.2%74.6%50.3%51.6%41.7%36.1%
Operating margin-41.1%-48.3%-120.2%-266.2%-367.7%-707.9%-1928.2%-5494.1%-3160.3%
Net margin-43.6%-47.2%-117.5%-257.9%-315.9%-672.5%-1888.8%-5621.7%-4410.9%
Free cash flow margin-25.8%--92.8%----1888.3%-4772.6%-3140.3%
Return on equity--157.6%-253.1%-129.7%-47.0%-99.4%-181.3%-84.3%-
Return on assets-74.8%-58.1%-117.0%-89.5%-40.2%-74.6%-127.3%-75.9%-91.2%
Current ratio1.381.781.763.016.844.262.9010.286.38
Debt to equity-----0.06---

Source: XBRL data electroCore Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ECOR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ECOR$37.97M+27.3%-$12.70M-33.5%$66.9M
MDT$37.54B+9.8%$5.24B14.0%$130.22B
LIVN$1.51B+11.7%$196.06M13.0%$4.96B
ITGR$1.83B-0.3%$103.70M5.7%$4.30B
TMDX$727.65M+28.5%$144.45M19.9%$3.06B
AXGN$266.93M+24.3%-$31.92M-12.0%$2.99B
CNMD$1.37B+1.6%$73.43M5.4%$1.53B
CBLL$108.72M+31.3%-$73.88M-68.0%$1.03B
INMD$370.50M-6.2%$93.83M25.3%$765.9M

ECOR FAQ

8 questions
  • What is ECOR revenue?
    electroCore Inc. (ECOR) reported $37.97M of revenue for the twelve months ended Sep 30, 2026. That is up 27.3% from the year before. Revenue for fiscal 2025 was $32.03M.
  • Is ECOR profitable?
    No. electroCore Inc. reported a net loss of $12.70M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does ECOR have?
    electroCore Inc. reported $6.31M in cash and cash equivalents and $6.89M of debt on its most recent balance sheet in SEC filings.
  • How fast is ECOR revenue growing?
    electroCore Inc.'s revenue changed +27.2% in fiscal 2025, to $32.03M. Its compound annual growth rate was +55.7% over 5 years.
  • What is ECOR gross margin?
    electroCore Inc.'s gross profit was $33.28M on $37.97M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 87.7%.
  • What is ECOR free cash flow?
    electroCore Inc. generated -$10.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$10.89M less capital expenditures.
  • When did ECOR last report financial results?
    The latest statements here come from electroCore Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this ECOR financial data come from?
    Quantisnow builds these statements from the structured XBRL data electroCore Inc. files with the SEC. It is provided for information only and is not investment advice.