EBR Systems, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-17.5M | $-17.1M | $-12.2M | $-12.0M | $-10.6M | $-10.1M | $-11.5M | $-9.2M |
| Depreciation & Amortization | $300.0K | $125.0K | $90.2K | $100.0K | $79.0K | $101.3K | $182.4K | $213.1K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $936.0K | $907.0K | $929.3K | $704.0K | $505.0K | $476.3K | $422.5K | $357.2K |
| Net Cash from Operating Activities | $-17.2M | $-20.3M | $-13.1M | $-11.5M | $-13.6M | $-9.9M | $-10.3M | $-10.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.9M | $3.3M | $1.3M | $889.0K | $60.0K | $51.4K | $82.6K | $73.9K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $20.9M | — | — | $17.9M | — | — | $3.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $132.0K | — | — | $242.0K | — | — | $192.8K |
| Net Change in Cash | — | $764.0K | — | — | $4.6M | — | — | $-6.9M |
| Free Cash Flow | $-20.0M | $-23.5M | $-14.4M | $-12.4M | $-13.6M | $-9.9M | $-10.4M | $-10.1M |