CV CapsoVision, Inc

Overview and Growth

CapsoVision, Inc generated $13.55M of revenue in fiscal 2025, with net loss of $25.32M and an operating cash outflow of $22.86M. The $13.55M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $11.76M in fiscal 2024, revenue recorded a 15.3% year-over-year increase. On a per-share basis, diluted EPS was -$1.03, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 24.56M, linking total earnings with the per-share result received by shareholders. The company employed $18.16M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.75x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $7.17M as gross profit before recognizing operating expenses and other items. Gross profit represented 52.9% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $25.52M after the reported operating expense base. Relative to revenue, the operating deficit measured 188.3%, showing the shortfall after operating costs. The company ended the period with a net loss of $25.32M, extending the operating result through all remaining items. The net loss equaled 186.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. Negative EBITDA totaled $25.30M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $25.29M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 186.6%. The company recognized $24.00K of income tax for the period, completing the transition from pretax income to net income. Relative to period-end equity, the net loss represented 190.9%. The loss-to-assets relationship was 139.4%, placing the bottom-line deficit against the company’s resource base. The net loss widened to $25.32M from $19.90M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $18.16M, supported by $4.90M of liabilities and $13.26M of shareholder equity. Current assets were $16.67M against $4.43M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 3.77x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The equity-to-assets relationship was 73.0%, placing book capital against the total resource base. Liabilities represented 27.0% of total assets, quantifying the liability-funded share of the company’s resource base. Compared with $16.80M in fiscal 2024, the current asset base moved 8.1% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $22.86M, rather than cash generation from operations. The company spent $90.00K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $22.95M cash deficit after capital spending. Relative to revenue, the post-investment cash deficit represented 169.4%. Relative to total assets, the post-investment cash deficit measured 126.4%. The operating cash outflow widened to $22.86M from $20.09M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.