Pulsenmore Ltd. (PLSM) Income Statement
PLSM 2025 at a glance
Fiscal year ended December 31, 2025 · Israeli shekelsPLSM revenue and net income
Where PLSM's revenue goes
2025Each bar shows an amount and its share of revenue. PLSM kept −39.6% of revenue as net income.
PLSM profit margins
PLSM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +315.2% | +55.8% | — | — |
| Gross profit | +1,530.8% | +105.7% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PLSM income statement in Israeli shekels
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ₪40.0M | ₪9.6M | ₪6.1M | ₪10.6M | ₪1.6M | ₪0 | ₪0 |
| Cost of revenue | ₪6.3M | ₪7.6M | ₪6.1M | ₪6.7M | ₪1.4M | ₪350,212 | ₪242,645 |
| Gross profit | ₪33.7M | ₪2.1M | ₪39,657 | ₪3.9M | ₪206,844 | −₪350,212 | −₪242,645 |
| Research & development | ₪17.4M | ₪18.9M | ₪30.1M | ₪28.3M | ₪10.6M | ₪10.3M | ₪2.7M |
| Sales, general & admin | ₪10.6M | ₪17.2M | ₪19.0M | ₪16.8M | ₪8.9M | — | — |
| Total operating expenses | ₪45.8M | ₪44.2M | ₪55.2M | ₪49.1M | ₪22.1M | ₪12.9M | ₪3.9M |
| Operating income | −₪12.2M | −₪42.1M | −₪55.1M | −₪45.3M | −₪21.9M | −₪13.3M | −₪4.2M |
| Interest income | ₪3.5M | ₪5.3M | ₪6.9M | ₪3.1M | ₪76,000 | — | — |
| Interest expense | ₪315,000 | ₪538,777 | ₪605,781 | ₪341,834 | ₪288,782 | ₪95,055 | ₪82,287 |
| Income before taxes | −₪15.9M | −₪36.7M | −₪57.9M | −₪21.7M | −₪25.6M | −₪13.7M | −₪4.6M |
| Income taxes | ₪1,000 | −₪55,872 | ₪125,915 | — | — | — | — |
| Net income | −₪15.9M | −₪36.7M | −₪58.1M | −₪21.7M | −₪25.6M | −₪13.7M | −₪4.6M |
| EBITDA | −₪12.7M | −₪33.3M | −₪55.0M | −₪20.1M | −₪24.8M | −₪13.3M | −₪4.3M |
| Gross margin | 84.2% | 21.4% | 0.6% | 36.5% | 13.1% | — | — |
| Operating margin | −30.4% | −437.0% | −898.3% | −427.2% | −1,390.2% | — | — |
| Net margin | −39.6% | −380.3% | −946.5% | −204.5% | −1,623.9% | — | — |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₪6.4M | ₪38.8M | ₪4.0M | ₪5.3M | ₪4.3M | ₪3.7M | ₪2.4M | ₪7.3M | ₪3.3M | ₪1.2M | ₪419,308 |
| Cost of revenue | ₪4.1M | ₪5.6M | ₪2.5M | ₪3.3M | ₪2.8M | ₪2.5M | ₪1.4M | ₪3.6M | ₪2.0M | ₪638,522 | ₪560,414 |
| Gross profit | ₪2.3M | ₪33.3M | ₪1.5M | ₪2.0M | ₪1.6M | ₪1.2M | ₪987,986 | ₪3.7M | ₪1.3M | ₪519,613 | −₪141,103 |
| Research & development | ₪8.9M | ₪15.0M | ₪8.0M | ₪10.3M | ₪9.8M | ₪13.7M | ₪17.5M | ₪18.8M | ₪10.4M | ₪5.9M | ₪4.9M |
| Sales, general & admin | — | ₪14.4M | — | — | — | — | — | — | — | — | — |
| Total operating expenses | ₪24.1M | ₪39.3M | ₪22.0M | ₪24.1M | ₪21.5M | ₪27.5M | ₪29.7M | ₪30.6M | ₪20.0M | ₪14.0M | ₪8.4M |
| Operating income | −₪21.8M | −₪6.1M | −₪20.5M | −₪22.1M | −₪20.0M | −₪26.3M | −₪28.8M | −₪26.9M | −₪18.6M | −₪13.4M | −₪8.5M |
| Interest expense | ₪16.8M | ₪1.1M | ₪4.7M | — | ₪684,615 | ₪14.9M | ₪1.2M | — | — | ₪3.6M | ₪1.0M |
| Income before taxes | −₪36.8M | −₪9.0M | −₪23.1M | −₪20.9M | −₪15.8M | −₪35.8M | −₪22.1M | −₪18.6M | −₪3.1M | −₪16.8M | −₪8.8M |
| Income taxes | — | ₪704 | ₪996 | −₪108,752 | ₪52,814 | ₪52,544 | ₪73,329 | — | — | — | — |
| Net income | −₪36.8M | −₪9.0M | −₪23.1M | −₪20.8M | −₪15.8M | −₪35.8M | −₪22.2M | −₪18.6M | −₪3.1M | −₪16.8M | −₪8.8M |
| EBITDA | −₪20.2M | −₪7.7M | −₪16.9M | −₪19.4M | −₪13.7M | −₪19.4M | −₪20.1M | −₪17.9M | −₪2.5M | −₪13.0M | −₪7.4M |
| Gross margin | 36.6% | 85.6% | 36.4% | 38.1% | 35.8% | 32.0% | 41.0% | 50.7% | 40.0% | 44.9% | −33.7% |
| Operating margin | −341.4% | −15.6% | −515.7% | −417.3% | −460.9% | −707.0% | −1,194.1% | −368.2% | −558.7% | −1,160.6% | −2,025.5% |
| Net margin | −576.8% | −23.2% | −579.1% | −392.4% | −365.4% | −961.7% | −922.9% | −255.0% | −92.2% | −1,454.6% | −2,092.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Israeli shekels as reported in PLSM's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PLSM financial results
In fiscal year 2025 (ended December 31, 2025), Pulsenmore reported revenue of ₪40.0 million, up 315.2% from the year before. It had a net loss of ₪15.9 million, a net profit margin of −39.6%. Figures are in Israeli shekels, the currency of its financial statements.
See the PLSM stock overview for the latest quote and news, or the PLSM chart for price history and technical indicators.
PLSM income statement FAQ
What is Pulsenmore's annual revenue?
Pulsenmore reported total revenue of ₪40.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 315.2% from ₪9.6 million the previous year.
Is Pulsenmore profitable?
No. Pulsenmore reported a net loss of ₪15.9 million in fiscal 2025, a net profit margin of −39.6%; its operating margin was −30.4%.
What is Pulsenmore's gross margin?
Pulsenmore's gross margin was 84.2% in fiscal 2025: for every $100 of revenue, Pulsenmore kept $84 after the direct cost of its products and services.
How much does Pulsenmore spend on research and development?
Pulsenmore spent ₪17.4 million on research and development in fiscal 2025, 43.3% of revenue.
When does Pulsenmore's fiscal year end?
Pulsenmore's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.