Apyx Medical Corporation (APYX) AI Stock Analysis
APYX AI stock analysis summary
AI ResearchApyx Medical Corporation is an energy technology medical device company specializing in cosmetic and surgical applications. Over the trailing twelve months ended June 30, 2026, the company generated $58.4M in revenue with quarterly revenue growing 22.1% year-over-year. However, the business remains unprofitable with a trailing net margin of -14.8% and net debt of $12.0M.
- Market cap
- $107.4M
- Revenue (TTM)
- $58.4M
- P/E
- — fwd 72.5x
- 1Y return
- -18.0% S&P 500 16.8%
- Avg. target
- $6.50 154.9% vs last close
Bull case
- Latest quarterly revenue expanded 22.1% year-over-year, supported by consensus FY2026 revenue projections of $59.4M.
- The stock trades at a price-to-sales ratio of 1.8x, which sits below the US-listed Healthcare peer median of 4.1x.
- Wall Street analysts set a mean price target of $6.50, reflecting potential upside of 154.9% from the last close of $2.55.
Bear case
- The company remains unprofitable with a net loss of -$11.2M in FY2025 and annual free cash flow of -$9.1M.
- Gross margin dropped to 36.0% in FY2025, down significantly from 69.3% reported in FY2021.
- The balance sheet carries total debt of $39.6M against shareholders' equity of $10.7M, resulting in a debt-to-equity ratio of 3.72.
What Apyx Medical does
Apyx Medical Corporation develops, manufactures, and distributes advanced medical devices for the cosmetic and surgical sectors. Operating through Advanced Energy and Original Equipment Manufacturing (OEM) segments, its flagship Helium Plasma Generator combines radiofrequency energy and helium to cut, coagulate, and ablate soft tissue during open and laparoscopic surgeries. The company provides Renuvion branded products to plastic surgeons and cosmetic physicians for controlled tissue heating, while its J-Plasma line serves hospital surgical suites to improve procedural precision. Additionally, Apyx Medical supplies disposable handpieces, OEM generators, and related accessories.
Growth and profitability
Revenue increased at a 5-year CAGR of 13.8% from FY2020 to FY2025, reaching $52.8M in FY2025 with 9.9% annual growth. Gross margin stood at 36.0% in FY2025, down from 61.0% in FY2024 and 69.3% in FY2021. Operating margin was -12.2% in FY2025 compared to -39.2% in FY2024, resulting in a net loss of -$11.2M and diluted EPS of -$0.27. For the trailing twelve months ended June 30, 2026, revenue totaled $58.4M with an operating margin of -13.0% and EPS of -$0.20, while the latest quarter saw revenue grow 22.1% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Apyx Medical held $27.6M in cash and short-term investments against total debt of $39.6M, resulting in net debt of $12.0M. The company maintains a current ratio of 5.68 and a debt-to-equity ratio of 3.72 on shareholders' equity of $10.7M. In FY2025, operating cash flow was -$8.0M and free cash flow was -$9.1M, with capital expenditures of $1.1M. Over the last 5 years, share count expanded by 22.7%.
Valuation and performance
At its last close of $2.55 on October 16, 2026, Apyx Medical had a market cap of $107.4M and an enterprise value of $136.3M. The stock trades at a price-to-sales ratio of 1.8x, below the 4.1x median of its US-listed Healthcare peers, while its forward P/E of 72.5x is above the peer median of 17.3x. Over the past year, the shares returned -18.0%, trailing the S&P 500 (SPY) return of 16.8%, and the stock's 5-year return of -80.6% lagged the index return of 83.0%.
What analysts expect
Wall Street analysts maintain 4 Strong Buy and 2 Buy ratings, with 0 Hold, Sell, or Strong Sell ratings. The mean price target is $6.50, representing a 154.9% premium to the last close of $2.55. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $59.4M and EPS of -$0.27. For the next fiscal year, 6 analysts forecast revenue of $66.0M and EPS of -$0.25. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 5, 2026.
Key risks and what to watch
- Ongoing cash burn could strain liquidity, given FY2025 operating cash flow of -$8.0M alongside cash and short-term investments of $27.6M as of June 30, 2026.
- Share dilution remains a factor after common share count expanded by 22.7% over the past 5 years.
- Extended stock underperformance is pronounced, with a 5-year return of -80.6% compared to an 83.0% gain for the S&P 500.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this APYX AI stock analysis
This page is an AI-written research summary of Apyx Medical Corporation (APYX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: APYX income statement, APYX balance sheet, APYX key metrics, APYX analyst forecast, APYX chart. See the APYX stock overview for the latest quote and news.
APYX AI stock analysis FAQ
What does Apyx Medical Corporation do?
Apyx Medical develops, manufactures, and markets energy-based surgical and cosmetic medical devices. Its core offerings include the Helium Plasma Generator, Renuvion devices for cosmetic procedures, and J-Plasma products for hospital surgical applications.
Is Apyx Medical profitable?
No, Apyx Medical is not currently profitable. In FY2025, the company reported a net loss of -$11.2M with diluted EPS of -$0.27, and trailing twelve months EPS stood at -$0.20 as of June 30, 2026.
What is the analyst price target for APYX stock?
Wall Street analysts have a mean price target of $6.50 for APYX. This target represents a 154.9% upside compared to the last closing price of $2.55 on October 16, 2026.
What is Apyx Medical's debt and cash position?
As of June 30, 2026, Apyx Medical held $27.6M in cash and short-term investments and $39.6M in total debt, resulting in net debt of $12.0M.