LivaNova PLC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.25B | $1.15B | $1.02B | $1.03B | $934.0M | $1.08B | $1.08B |
| Neuromodulation | — | — | $618.3M | $545.9M | $491.5M | $403.2M | $472.9M | $443.3M |
| Cardiovascular | — | — | $530.1M | $475.6M | $542.4M | $530.0M | $610.7M | $633.4M |
| CRM | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | — | — | $1.2M | $800.0K | $1.0M | $800.0K | $600.0K | $800.0K |
| Cost of Revenue | $448.2M | $400.0M | $397.7M | $314.6M | $329.4M | $339.5M | $360.4M | $361.3M |
| Gross Profit | $939.9M | $853.5M | $755.8M | $707.2M | $706.0M | $594.8M | $723.8M | $716.2M |
| Gross Margin | 67.7% | 68.1% | 65.7% | 69.2% | 68.2% | 63.7% | 66.8% | 66.5% |
| Operating Expenses | ||||||||
| Research & Development | $185.8M | $182.5M | $193.8M | $155.8M | $183.4M | $152.9M | $146.8M | $145.9M |
| SG&A Expense | $548.8M | $508.9M | $502.7M | $469.2M | $471.9M | $446.6M | $528.5M | $465.0M |
| Operating Income | $199.4M | $129.1M | $-68.5M | $-76.8M | $-784.0K | $-273.9M | $-171.6M | $-248.1M |
| Operating Margin | 14.4% | 10.3% | -6.0% | -7.5% | -0.1% | -29.3% | -15.8% | -23.0% |
| Interest Expense | — | — | $58.9M | $48.3M | $50.2M | $40.8M | $15.1M | $9.8M |
| Pretax Income | $-220.8M | $88.3M | $-81.2M | $-75.1M | $-124.5M | $-348.0M | $-188.4M | $-247.4M |
| Income Tax Expense | $21.6M | $25.1M | $-98.9M | $11.1M | $11.2M | $-960.0K | $-30.4M | $-69.6M |
| Net Income | $-242.5M | $63.2M | $17.5M | $-86.2M | $-135.8M | $-348.8M | $-157.6M | $-189.4M |
| Net Margin | -17.5% | 5.0% | 1.5% | -8.4% | -13.1% | -37.3% | -14.5% | -17.6% |
| EPS (Basic) | $-4.45 | $1.17 | $0.33 | $-1.61 | $-2.68 | $-7.18 | $-3.21 | $-3.91 |
| EPS (Diluted) | $-4.45 | $1.16 | $0.32 | $-1.61 | $-2.68 | $-7.18 | $-3.26 | $-3.91 |
| Shares Outstanding (Basic) | 54.5M | 54.2M | 53.9M | 53.5M | 50.6M | 48.6M | 48.3M | 48.5M |
| Shares Outstanding (Diluted) | 54.5M | 54.6M | 54.2M | 53.5M | 50.6M | 48.6M | 48.3M | 48.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |