NASDAQ$SRDX

Surmodics Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Surmodics reported Q2 2025 revenue of $28.1M, a net loss of $5.2M.

For Q2 2025, Surmodics reported Revenue was $28.1M, net loss was $5.2M. Management discusses operating trends, liquidity, and outlook in the quarterly filing.

  • Revenue $28.1M for Q2 2025.
  • Net loss $5.2M.
  • MD&A highlights operating priorities, capital, and sector risks.

Headline financials

Total Revenue

$28.1M

Previous: $32M-12.1%
EPS (adj)

-$0.13

Previous: $0.02-750.0%
Adjusted EBITDA

$1.94M

Previous: $4.81M-59.8%
Product gross margin

47.8%

Previous: 60.8%-21.4%
Cash from operations

$900K

No prior period
Capital expenditures

$300K

No prior period
Net Income

-$5.21M

Previous: $247K-2208.9%
Operating Income

-$4.01M

Previous: $659K-708.5%
Gross Profit

$7.2M

Previous: $24.9M-71.0%

Revenue & EPS history

Surmodics · Revenue · Quarterly

$28.1M

Q2 2025-12.1%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Surmodics · $28M total across 2 segments · Q4 2023

  • Medical Device
    $21M+7.9%
  • In Vitro Diagnostics
    $6.93M+6.8%

Forward guidance

Outlook emphasizes liquidity, cost control, and path to profitability.

Tailwinds

  • Revenue growth or collaboration funding where applicable.
  • Balance-sheet actions improve flexibility.

Headwinds

  • Operating losses remain elevated.
  • Macro or one-time items affect comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.4%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+6.9%

Avg return

30 days after

59%

37 / 63 earnings

Positive

+34.5%

Q2 2024

Best reaction

-13.1%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.6%+8.5%-8.0%
Q2 2025-1.5%+2.5%+7.6%
Q1 2025-4.1%-4.5%-7.3%
Q4 2024+2.0%+2.3%+6.2%
Q3 2024-0.5%-1.2%-4.5%
Q2 2024+34.5%+26.5%+64.1%
Q1 2024-9.8%-13.0%-9.6%
Q4 2023+1.0%
Q3 2023+4.7%
Q2 2023-2.4%
Q1 2023+4.1%
Q4 2022-3.0%
Q3 2022-7.8%
Q2 2022-1.2%
Q1 2022-11.0%
Q4 2021-11.4%
Q3 2021+3.7%
Q2 2021-5.4%
Q1 2021+15.1%
Q4 2020-2.1%
Q3 2020+0.5%
Q2 2020+3.4%
Q1 2020+6.6%
Q4 2019-13.1%
Q3 2019+13.7%
Q2 2019+0.6%
Q1 2019+17.0%
Q4 2018-11.5%
Q3 2018+11.2%
Q2 2018+7.2%
Q1 2018-0.4%
Q4 2017+0.2%
Q3 2017+1.8%
Q2 2017-7.9%
Q1 2017+1.4%
Q4 2016-6.2%
Q3 2016+8.9%
Q2 2016+14.8%
Q1 2016+8.3%
Q4 2015-2.4%
Q3 2015+9.8%
Q2 2015-2.6%
Q1 2015+3.6%
Q4 2014-3.6%
Q3 2014+2.1%
Q2 2014-4.6%
Q1 2014+7.8%
Q4 2013-3.6%
Q3 2013+10.6%
Q2 2013-6.9%
Q1 2013+1.6%
Q4 2012+0.9%
Q3 2012+10.0%
Q2 2012-1.8%
Q1 2011-1.4%
Q1 2012-1.0%
Q4 2011+1.6%
Q4 2009+1.6%
Q2 2011+1.6%
Q3 2010+1.3%
Q4 2010+1.3%
Q3 2011+1.3%
Q2 2010+1.2%

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