BDMD - Baird Medical Inves... Stock Analysis | Stock Taper
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Baird Medical Investment Holdings Limited

BDMD

Baird Medical Investment Holdings Limited NASDAQ
$1.49 -5.70% (-0.09)

Market Cap $61.06 M
52w High $7.26
52w Low $0.76
P/E -1.52
Volume 132.06K
Outstanding Shares 40.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $14.58M $27.53M $-15.98M -109.65% $-0.55 $-14.55M
Q2-2025 $7.96M $16.99M $-11.29M -141.89% $-0.43 $-9.65M
Q4-2024 $23.9M $10.94M $8.12M 33.99% $0.38 $10.77M
Q2-2024 $13.14M $6.4M $4.33M 32.96% $-0.32 $5.68M
Q4-2023 $19.91M $8.86M $8.22M 41.26% $0.38 $9.47M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $178.32K $69.7M $38.48M $31.37M
Q2-2025 $2.17M $76.99M $41.37M $35.59M
Q4-2024 $2.97M $77.96M $38.2M $39.66M
Q2-2024 $1.66M $63M $23.75M $39.25M
Q2-2023 $180.32K $51.25M $15.33M $35.92M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $-15.98M $1.85M $2.29K $-3.59M $-1.61M $1.85M
Q2-2025 $-11.29M $-3.19M $-44.61K $2.2M $2.17M $-3.24M
Q4-2024 $8.12M $-2.35M $-2.37M $6.26M $0 $-4.72M
Q2-2024 $4.33M $-3.96M $-484.84K $4.46M $0 $-4.45M
Q4-2023 $8.22M $-1.66M $-1.37M $4.02M $0 $-3.04M

5-Year Trend Analysis

A comprehensive look at Baird Medical Investment Holdings Limited's financial evolution and strategic trajectory over the past five years.

+ Strengths

The company combines a high-margin core product line with a leading position in a specialized segment of minimally invasive cancer treatment. It has a solid asset and equity base for its size, a growing international footprint, and strong clinical validation through adoption at respected hospitals. Its commitment to innovation in MWA, AI software, and robotics positions it at the forefront of important trends in image-guided, minimally invasive therapy.

! Risks

Financially, the business is in a vulnerable phase, with large operating and net losses, negative cash flow, low cash reserves, and meaningful short-term debt. This leaves little buffer if growth disappoints, customers delay payments, or financing conditions tighten. Strategically, it operates in a competitive and heavily regulated industry where larger players, regulatory changes, or shifting clinical preferences could erode its niche. Execution risk around its ambitious AI and robotics roadmap is also substantial.

Outlook

The outlook hinges on the company’s ability to convert its technological and clinical advantages into faster revenue growth and improved cash generation before liquidity pressures escalate. If it can deepen penetration in its core thyroid and tumor-ablation markets, expand successfully overseas, and begin to commercialize its AI and robotic platforms, its current investments could lay the groundwork for a more scalable, higher-margin business. Conversely, delays in adoption, regulatory approvals, or financing would materially constrain its strategic options and may force a sharper focus on cost containment and capital preservation.