ICCMNasdaqSurgical & Medical Instruments & ApparatusUS GAAP · USD

IceCure Medical Ltd.

IceCure Medical Ltd. is a medical device company incorporated in Israel with subsidiaries in the United States, Hong Kong, and China. It develops and commercializes minimally invasive cryoablation systems that use liquid nitrogen to freeze and destroy tumors in the human body as an alternative to surgical removal.

Liikevaihto3,4milj. USD
+2,7 %v/v
Liikevoitto (EBIT)−15,1milj. USD
+3,8 %v/v
EBIT-marginaali−446,7%
+30,2 %-yks.v/v
Nettotulos−15,1milj. USD
+1,7 %v/v
Vapaa kassavirta−14,6milj. USD
−15,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−20−10010milj. USD2020: 3,9 milj. USD2020: EBIT 4,1 milj. USD20202021: 4,1 milj. USD2021: EBIT 9,7 milj. USD20212022: 3,1 milj. USD2022: EBIT −17 milj. USD20222023: 3,2 milj. USD2023: EBIT −16 milj. USD20232024: 3,3 milj. USD2024: EBIT −16 milj. USD20242025: 3,4 milj. USD2025: EBIT −15 milj. USD20253,4−15
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Cryoablation systems70 %

Liquid nitrogen-based devices used to freeze and destroy tumors through minimally invasive procedures.

Clinical procedures and consumables20 %

Disposable or procedure-related items and uses tied to installed cryoablation systems.

Service and support10 %

Installation, training, and clinical support for hospitals and physicians using ProSense®.

Tuotteet

Raportoitu · osuus liikevaihdosta
60,8%39,2%FY2025100 %
  • Disposables60,8 %
  • Systems39,2 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily to hospitals, clinics, and physicians that perform image-guided tumor ablation procedures. Its near-term commercial focus includes breast cancer treatment use cases, especially patients for whom a minimally invasive alternative to surgery is clinically appropriate.

Hospitals

Buy ProSense® systems and related support for use in oncology and breast care programs.

Clinics and outpatient centers

Purchase systems to offer minimally invasive cryoablation in ambulatory settings.

Physicians and specialists

Influence adoption by selecting cryoablation for eligible patients and performing procedures.

Breast cancer care providers

Use the technology for low-risk breast cancer treatment pathways and patient management.

Strategia

IceCure’s strategy centers on expanding commercialization of ProSense® through regulatory clearances, physician adoption, and clinical evidence. The company is building installed base in the United States while using studies and conference presence to support broader market acceptance in breast cancer cryoablation.

Grow the U.S. installed baseLyhyt aikaväli

More installed systems support recurring procedure adoption and market visibility.

Strengthen clinical support for cryoablationLyhyt aikaväli

Clinical evidence and guideline support help physicians adopt a new treatment modality.

Broaden international commercializationKeskipitkä aikaväli

Approvals in multiple territories create a path for geographic diversification.

Maantiede

2025

IceCure is headquartered in Caesarea, Israel, and operates through subsidiaries in the United States, Hong Kong, and China. Its products have received regulatory approvals for marketing in the United States, Europe, and other territories, and the U.S. market is an important commercialization area for ProSense®.

Other countries (US filing)57 %
USA27 %
Japan8,3 %
Intia3,6 %
Kina3,2 %
Israel0,7 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

IceCure faces the typical risks of an early commercial medical device company: adoption can be slow, reimbursement and physician practice patterns may limit procedure volumes, and additional funding may be needed to support development and commercialization. Regulatory execution, competitive alternatives, and dependence on continued clinical evidence generation are also material because the business model relies on converting approvals into routine clinical use.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Need for additional financing1Slow adoption of a new procedure2Regulatory and indication risk3Competition from alternative therapies4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Need for additional financingVaikutus: KorkeaTodennäköisyys: Korkea

    The company has accumulated losses and negative operating cash flow, and future commercialization depends on outside funding.

    KohdistuuResearchRegulatory workCommercial expansion
  2. Slow adoption of a new procedureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Cryoablation must win physician trust, workflow acceptance, and clinical preference versus established surgical options.

    Kohdistuu: U.S. breast cancer commercialization

  3. Regulatory and indication riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Sales depend on maintaining approvals and extending use across territories and patient groups.

    KohdistuuU.SEuropeOther markets
  4. Competition from alternative therapiesVaikutus: KeskitasoTodennäköisyys: Korkea

    Patients and physicians may choose surgery or other ablation technologies instead of cryoablation.

    Kohdistuu: Tumor treatment market

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Device sales and related service obligations may affect when revenue is recorded.

Vaikutus: Can shift reported revenue between periods

Going concern and estimates

Accumulated losses and operating cash burn require management to assess funding assumptions.

Vaikutus: Affects disclosure and valuation of the business

Warrant and equity instrument valuation

Financing-related instruments may require fair-value measurement and remeasurement.

Vaikutus: Can create non-cash gains or losses

Lease accounting

Right-of-use assets and lease liabilities are recognized for facilities and equipment.

Vaikutus: Affects balance sheet leverage and operating expense presentation

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

IceCure Medical Ltd. (ICCM) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo