KMTS Nasdaq Surgical & Medical Instruments & Apparatus Financials FY2024βFY2026
Kestra Medical Technologies, Ltd. had $95.1M of revenue in fiscal 2026, up 59.0% on the year before.
Last close Β· Oct 23, 2026
$28.76
1.6%Hi! I read Kestra Medical Technologies, Ltd.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+59.0%
Yes. Sales grew 59.0% last year.
Does it make a profit?
β138.4%
No. It lost money last year.
Does profit turn into cash?
β122.6%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Kestra Medical Technologies, Ltd. had $95.1M of revenue in fiscal 2026, up 59.0% on the year before. Its operating margin was β141.6%, up 36.2Β pts: of every 100 in sales, about β142 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Kestra Medical Technologies, Ltd. lost $132M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$117M in fiscal 2026, β122.6% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.2M and sold $12.1M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.2M
1 insider
Sold, 12 months
$12.1M
11 insiders
Of sales under plans
61%
$7.4M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 21, 2026 | Traci S UmbergerSee Remarks, Director | Sold plan | 100,000 | $27.18 | $2.7M | Form 4 |
| Oct 20, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $29.56 | $0.4M | Form 4 |
| Sep 30, 2026 | Raymond W CohenDirector | Sold | 3,330 | $29.28 | $0.1M | Form 4 |
| Sep 21, 2026 | Elizabeth KwoDirector | Sold | 4,010 | $24.26 | $0.1M | Form 4 |
| Sep 8, 2026 | Mary Kay LadoneDirector | Sold | 3,908 | $25.20 | $0.1M | Form 4 |
| Sep 8, 2026 | Kevin C ReillyDirector | Sold | 2,932 | $25.13 | $0.1M | Form 4 |
| Sep 8, 2026 | Jeffrey Lawrence SchwartzDirector, 10% owner | Sold | 3,890 | $25.18 | $0.1M | Form 4 |
| Sep 8, 2026 | Conor HanleyDirector | Sold | 5,694 | $25.25 | $0.1M | Form 4 |
| Aug 17, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $27.48 | $0.4M | Form 4 |
| Aug 7, 2026 | Vaseem MahboobChief Financial Officer | Sold plan | 26,287 | $25.88 | $0.7M | Form 4 |
| Aug 4, 2026 | Vaseem MahboobChief Financial Officer | Sold plan | 6,995 | $24.68 | $0.2M | Form 4 |
| Aug 4, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold | 51,900 | $24.52 | $1.3M | Form 4 |
| Aug 4, 2026 | Alfred J Ford JrChief Commercial Officer | Sold | 6,275 | $24.09 | $0.2M | Form 4 |
| Aug 4, 2026 | Traci S UmbergerSee Remarks, Director | Sold | 3,580 | $24.04 | $0.1M | Form 4 |
| Aug 3, 2026 | Vaseem MahboobChief Financial Officer | Sold | 5,391 | $23.80 | $0.1M | Form 4 |
| Aug 3, 2026 | Timothy P. MoranChief Business Officer | Sold | 2,380 | $23.76 | $0.1M | Form 4 |
| Aug 3, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold | 13,017 | $23.92 | $0.3M | Form 4 |
| Aug 3, 2026 | Alfred J Ford JrChief Commercial Officer | Sold | 13,015 | $23.90 | $0.3M | Form 4 |
| Aug 3, 2026 | Traci S UmbergerSee Remarks, Director | Sold | 7,590 | $23.86 | $0.2M | Form 4 |
| Jul 31, 2026 | Timothy P. MoranChief Business Officer | Sold | 8,759 | $22.61 | $0.2M | Form 4 |
| Jul 31, 2026 | Traci S UmbergerSee Remarks, Director | Sold | 8,752 | $22.60 | $0.2M | Form 4 |
| Jul 31, 2026 | Alfred J Ford JrChief Commercial Officer | Sold | 8,681 | $22.61 | $0.2M | Form 4 |
| Jul 31, 2026 | Vaseem MahboobChief Financial Officer | Sold | 8,817 | $22.61 | $0.2M | Form 4 |
| Jul 31, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold | 8,948 | $22.60 | $0.2M | Form 4 |
| Jul 30, 2026 | Vaseem MahboobChief Financial Officer | Sold | 3,980 | $22.75 | $0.1M | Form 4 |
| Jul 30, 2026 | Traci S UmbergerSee Remarks, Director | Sold | 5,887 | $22.74 | $0.1M | Form 4 |
| Jul 30, 2026 | Alfred J Ford JrChief Commercial Officer | Sold | 5,936 | $22.76 | $0.1M | Form 4 |
| Jul 30, 2026 | Timothy P. MoranChief Business Officer | Sold | 4,117 | $22.77 | $0.1M | Form 4 |
| Jul 30, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold | 7,857 | $22.72 | $0.2M | Form 4 |
| Jul 15, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $22.44 | $0.3M | Form 4 |
| Jun 15, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $20.81 | $0.3M | Form 4 |
| May 15, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $20.95 | $0.3M | Form 4 |
| Apr 15, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $20.04 | $0.3M | Form 4 |
| Mar 26, 2026 | Raymond W CohenDirector | Bought | 10,000 | $19.98 | $0.2M | Form 4 |
| Mar 17, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $20.27 | $0.3M | Form 4 |
| Feb 17, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $25.60 | $0.4M | Form 4 |
| Jan 15, 2026 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $22.80 | $0.3M | Form 4 |
| Dec 29, 2025 | Traci S UmbergerSee Remarks, Director | Sold plan | 10,500 | $26.69 | $0.3M | Form 4 |
| Dec 29, 2025 | Brian Daniel WebsterSee Remarks, Director | Sold plan | 15,000 | $26.59 | $0.4M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Kestra Medical Technologies, Ltd. has $154M more cash than debt.
Cash, debt and the ratios that show how comfortably Kestra Medical Technologies, Ltd. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash and short-term investments | $8.2M | $238M | $196M |
| Debt incl. finance leases | $42.5M | $41.1M | $42.6M |
| Debt / equity | β | 0.2x | 0.2x |
| Interest coverage | β13.7x | β13.8x | β17.9x |
| Current ratio | 0.5x | 6.7x | 4.4x |
| Quick ratio | 0.5x | 6.7x | 4.4x |
| Total assets | $45.9M | $296M | $358M |
| Total liabilities | $78.2M | $90.3M | $98.8M |
| Shareholders' equity | β$209M | $205M | $260M |
| Net debt (β = net cash) | $34.3M | β$196M | β$154M |
KIRA Β· Its return on capital was β100.5%: every 100 invested in the business earned about β101 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Kestra Medical Technologies, Ltd. passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 3 | 5 / 9 | 5 / 9 |
| Accruals ratio | β47.6% | β21.2% | β15.3% |
| Altman Z'' | β46.67 | β0.94 | β2.55 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Income statement | |||
| Revenue | $27.8M | $59.8M | $95.1M |
| Gross profit | $0.4M | $24.2M | $48.9M |
| Research and development | $15.5M | $15.7M | $19.5M |
| Operating income | β$85.1M | β$106M | β$135M |
| Interest expense | $6.2M | $7.7M | $7.5M |
| Pretax income | β$94.1M | β$114M | β$131M |
| Income tax | $0.0M | $0.1M | $0.3M |
| Net income | β$94.1M | β$114M | β$132M |
| Net income to common | β$101M | β$126M | β$132M |
| Diluted EPS | β$5.07 | β$5.13 | β$2.43 |
| Diluted shares | 0.02B | 0.02B | 0.05B |
| Cash flow | |||
| Cash from operations | β$72.2M | β$77.6M | β$81.7M |
| Capital expenditure | $12.2M | $22.9M | $34.9M |
| Free cash flow | β$84.5M | β$101M | β$117M |
| Depreciation and amortization | $11.6M | $8.0M | $8.7M |
| Stock-based compensation | $1.5M | $24.3M | $33.6M |
| Balance sheet | |||
| Cash and short-term investments | $8.2M | $238M | $196M |
| Total debt | $42.5M | $41.1M | $42.6M |
| Current assets | $14.9M | $255M | $222M |
| Current liabilities | $33.0M | $38.0M | $50.4M |
| Property and equipment, net | $26.1M | $34.8M | $59.1M |
| Total assets | $45.9M | $296M | $358M |
| Total liabilities | $78.2M | $90.3M | $98.8M |
| Shareholders' equity | β$209M | $205M | $260M |
| Margins | |||
| Gross margin | 1.3% | 40.5% | 51.4% |
| Operating margin | β305.8% | β177.8% | β141.6% |
| EBITDA margin | β264.3% | β164.5% | β132.5% |
| Net margin | β338.4% | β190.3% | β138.4% |
| FCF margin | β303.7% | β168.1% | β122.6% |
| Returns | |||
| Return on capital | β | β943.3% | β100.5% |
| Return on capital employed | β655.4% | β41.3% | β43.7% |
| Return on equity | β | β | β56.6% |
| Return on assets | β204.8% | β66.6% | β40.2% |
| Return on tangible equity | β | β61.4% | β50.7% |
| Growth | |||
| Revenue growth | β | 115.1% | 59.0% |
| Share count change | β | 23.6% | 120.4% |
| Financial health | |||
| Debt / equity | β | 0.2x | 0.2x |
| Interest coverage | β13.7x | β13.8x | β17.9x |
| Current ratio | 0.5x | 6.7x | 4.4x |
| Quick ratio | 0.5x | 6.7x | 4.4x |
| Capital allocation | |||
| Capex / revenue | 44.0% | 38.3% | 36.7% |
| Stock comp / revenue | 5.3% | 40.6% | 35.4% |
| Quality scores | |||
| Piotroski F-score | β | 5.0 | 5.0 |
| Altman Z'' | β46.7 | β0.9 | β2.5 |
| Accruals ratio | β47.6% | β21.2% | β15.3% |
Source: SEC EDGAR XBRL filings (CIK 0001877184). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
