EBR Systems, Inc.
EBRCZOther · Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | $1.6M | — | — |
| Operating income | −$46.1M | −$38.3M | −$34.5M |
| Net income | −$48.8M | −$40.8M | −$35.0M |
| Total assets | $97.2M | $73.6M | $78.9M |
| Total liabilities | $71.6M | $49.2M | $47.8M |
| Equity | $25.6M | $24.4M | $31.1M |
| EPS (diluted) | $-0.12 | $-0.13 | $-0.12 |
| Shares out. | 372.9M | 371.1M | 307.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −2850.2%
- Net margin
- −3015.3%
- Return on equity
- −190.6%
- Return on assets
- −50.1%
- Return on capital (ROCE)
- −55.4%
- Liabilities / assets
- 73.7%
- Debt / equity
- 2.80×
- Book value / share
- $0.07
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -12.31distress
- Accruals / assets
- 4.6%clean
- Piotroski F-Score
- 1/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- H.E.S.T. Australia Ltd. As Trustee For HestaPassive (13G)Aug 4, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Mccutcheon JohnOfficer — President and CEO | Mar 23, 2026 | Option exercise | 109,100 | $0.55 |
| Will Allan RDirector | Feb 26, 2026 | Option exercise | 58,500 | $0.16 |
| Evans BronwynDirector | Aug 18, 2025 | Option exercise | 163,637 | $0.55 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 159 | 1.0 | -98.0% |
| Apr 30, 2026 | 8,020 | 1.0 | +189.6% |
| Apr 15, 2026 | 2,769 | 395.6 | -70.5% |
| Mar 31, 2026 | 9,387 | 11.0 | -32.2% |
| Mar 13, 2026 | 13,840 | 4.5 | +133.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 7, 2026
- Results of operationsApr 9, 2026
- Amended charter or bylawsMar 26, 2026
- Shareholder voteMar 13, 2026
- Results of operationsJan 13, 2026
- Entered a material agreement · Unregistered equity saleMay 29, 2025
- Modified shareholder rights · Amended charter or bylaws · Shareholder voteMay 23, 2025
- Other material eventApr 15, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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