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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›Stocks›EBRCZ
EBRCZ logo

EBRCZ

EBR Systems, Inc.

Next earnings ≈ Aug 10, 2026 · est. from filing cadence

Last earnings +0.0% on 2026-04-09

Avoid
$0.31
▲ 0.00%
$0.31▼ -44.35%
over 1Y
L $0.19H $1.20
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.0%
1W+0.0%
1M-6.2%
3M-59.6%
YTD-74.6%
1Y-44.4%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Clean
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy

Unprofitable (net margin -3015.3%).

Revenue (FY2025) $1.62M · FY2025

EBR Systems, Inc. shows $1.62M in FY2025 revenue, a -3015.3% net margin, and -190.6% ROE.

Weighing against it: unprofitable (net margin -3015.3%).

Is EBRCZ a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread (caution)~60d expiry
  • Long put 0.5 @ ~0.28 est
  • Short put 0.5 @ ~0.28 est
debit $0max +$0max $0

AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY23FY24FY25
Revenue——$1.62M
Gross profit——$490K
Operating income-$34.5M-$38.3M-$46.1M
Net income-$35.0M-$40.8M-$48.8M
Diluted EPS-$0.12-$0.13-$0.12
Net margin——-3015.3%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$173M
EV / EBITDA—
EV / Sales107.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-35.5%
FCF yield-41.4%

Quality & risk

ROIC (est.)-54.0%
Free cash flow-$56.9M
Total debt$41.8M
Net cash-$36.0M
Altman Z-Score-5.46 distress
Piotroski F-Score2/7

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+20.8%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Material agreement2026-06-10
  2. 10-Q Quarterly report2026-05-11
  3. 8-K Shareholder vote2026-05-07
  4. 8-K Earnings results2026-04-09
  5. 8-K Charter / bylaws change2026-03-26
  6. DEF 14A Proxy statement2026-03-26
  7. 10-K Annual report2026-03-18
  8. 8-K Shareholder vote2026-03-13
  9. DEF 14A Proxy statement2026-01-26

Recent filings

all on EDGAR ↗
4Period ending 2026-06-292026-07-01open ↗4/APeriod ending 2026-06-152026-07-01open ↗PRE 14APeriod ending 2026-08-182026-06-29open ↗4Period ending 2026-06-152026-06-17open ↗8-KPeriod ending 2026-06-042026-06-10open ↗10-QPeriod ending 2026-03-312026-05-11open ↗4Period ending 2026-05-062026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueF
GrowthF
ProfitabilityF
Financial healthC-
MomentumF
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✗Liabilities below 2× equity
0.1952-week1.20
Revenue
$1.62M
Net margin
-3015.3%
ROE
-190.6%
P/E
—

SEC fundamentals · FY 2025

'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$1.62M
Net income-$48.8M-19.5%
Gross profit$490K
Operating income-$46.1M-20.3%
Diluted EPS-$0.12+7.7%
Cash & equivalents$5.79M-16.2%
Total assets$97.2M+32.2%
Total liabilities$71.6M+45.6%
Stockholders' equity$25.6M+5.1%
Gross: 30.3%Op.: -2850.2%L/E: 2.80x

Frequently asked

Is EBR Systems, Inc. (EBRCZ) a buy?
EBRCZ currently carries a Avoid rating with 3/5 conviction, derived from its latest SEC filings. Unprofitable (net margin -3015.3%).
What is EBR Systems, Inc.'s quality score?
EBRCZ scores 27.039766370516617/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001347123, latest 10-Q filed 2026-05-11) · EODHD · as of 6/23/2026, 12:44:59 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 22, 2026, 8:44 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-06-29
Evans Bronwyn
Director
Acquired (X)27.6K @ $3.80$105K
2026-06-15
Evans Bronwyn
Director
Acquired (X)15.0K @ $3.80$57.0K
2026-06-15
Evans Bronwyn
Director
Acquired (X)15.0K @ $3.85$57.8K

Earnings history

beat/miss · move
2026-04-09—▲ +15.42%8-K ↗
2026-01-13—▼ -7.55%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score27 vs 67
Revenue growth— vs 7.5%
Net margin-3015.3% vs 10.0%
Return on equity-190.6% vs 12.0%
P/E— vs 26.2