Baird Medical Investment Holdings Limited BDMDW

Annual Quarterly

FY2025 · ended Dec 31, 2025 · Revenue $22.54M, -39.2% YoY · Filed Jul 27, 2026

Baird Medical Investment Holdings Limited (BDMD) files with the SEC under industry code 3841, Surgical & Medical Instruments & Apparatus. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $22.5 million and a net loss of $27.3 million. Free cash flow was -$1.4 million. As of Dec 31, 2025 it held $178,321 in cash and investments and $8.9 million in total debt.

Revenue
$22.54M
-39.2% vs prior year
Net income
$-27.28M
Operating cash flow
$-1.34M
+78.7% vs prior year
Free cash flow
$-1.39M
+84.9% vs prior year
EPS
$-0.98
-271.9% vs prior year
Dividend per share
None
Shares outstanding
40.98M
+14.7% vs prior year
Net cash
$-8.69M
FY 2025
Operating margin
-113.7%
FY 2025

Company profile

Industry
Surgical & Medical Instruments & Apparatus (SIC 3841)
Listed as
BDMD (Nasdaq), BDMDW (Nasdaq)
Fiscal year ends
December 31
Incorporated in
Cayman Islands
Headquarters
Sheung Wan
SEC filer status
Non-accelerated filer, Emerging growth company
SEC CIK
1982444

Other Surgical & Medical Instruments & Apparatus companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Revenue
$22.5M
$37.0M
Operating income
-$25.6M
$15.3M
Net income
-$27.3M
—
Diluted EPS
-$0.98
$0.57
Operating cash flow
-$1.3M
-$6.3M
Free cash flow
-$1.4M
-$9.2M
Total assets
$69.7M
$78.0M
Total liabilities
$38.5M
$38.2M
Stockholders' equity
$31.4M
$39.7M
Cash and investments
$178,321
$3.0M
Total debt
$8.9M
$4.9M

Recent SEC filings

Recent SEC filings
Form Description Filed Period
6-K Current report (foreign issuer) Nov 5, 2026 Nov 5, 2026
6-K Current report (foreign issuer) Sep 30, 2026 Sep 30, 2026
6-K Current report (foreign issuer) Sep 30, 2026 Jun 30, 2026
6-K Current report (foreign issuer) Sep 3, 2026 Sep 3, 2026
20-F/A Amended annual report (foreign issuer) Jul 27, 2026 Dec 31, 2025
20-F Annual report (foreign issuer) Apr 24, 2026 Dec 31, 2025

Source: SEC EDGAR filings. This is company-reported data, not investment advice.