BDMD
BDMD
Baird Medical Investment Holdings LimitedIncome 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.
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.
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.
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.
About Baird Medical Investment Holdings Limited
https://www.bairdmed.comBaird Medical Investment Holdings Limited, together with its subsidiaries develops and sells microwave ablation medical devices for minimally invasive tumor treatment in China. The company's medical devices are used for treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer, and breast lumps.
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.
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.
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.
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.

CEO
Haimei Wu
Compensation Summary
(Year )
Ratings Snapshot
Rating : B-

