Company Analysis

Edap Tms S.A. (FOCL)

Nasdaq: FOCL · Electromedical & Electrotherapeutic Apparatus · 69120 Vaulx En Velin, FR · filing with the SEC since 1998
Grade5.9
◀ Past 6.5● Present 6.3▶ Future 4.7
4 est.

The grade of Edap Tms S.A.

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past6.530% of the headline
● Present6.340% of the headline
▶ Future4.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 80th percentile among 27 sector filers · read for itself

From the record

Edap Tms S.A.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.5/10

What has it actually done, year after year?

+7.9% a year over 10 filed years; profit years unseen.

weight 45% of this tense · 55th percentile among 25 sector filers · read for its customers

From the record

Edap Tms S.A.'s 10 filed years say what it did: revenue went from EUR 32 million in fiscal 2015 to EUR 64 million in fiscal 2024, up 7.9% a year; it rose in 8 of 9 years; the deepest fall was 7% from fiscal 2019 to fiscal 2020 (its annual reports).

What it rests on

  • revenue growth over the filed span7.9%bottom 37% of its family
  • the share of years revenue rosetop 34% of its family
  • the deepest fall from a revenue peak7.2%top 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.5/10

How has it treated the people who own it?

SI estimate 6.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 65th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 35% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 27 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Edap Tms S.A.'s shareholder treatment is put at 6.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 35% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.3/1040% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

as filed
4.9/10

Is it financially healthy right now?

Leverage 52%: owes 52¢ per asset dollar.

weight 45% of this tense · 49th percentile among 27 sector filers · read for itself

From the record

gross profitability: Edap Tms S.A.'s products earned about 31 cents per dollar of everything the company owns. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 0.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 35% of its family
  • gross profit against assetsbottom 37% of its family
  • the share count against the year beforetop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

SI estimate
5.8/10

How strong is its position in its industry?

SI estimate 5.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 58th percentile among 25 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, three-year revenue growth, which ranks in the top 42% of 25 in its family; fewer than two of the three parts can be read: size in the family's currency, net margin, three-year growth.
What the record cannot read
Fewer than two of the three parts can be read: size in the family's currency, net margin, three-year growth.
How it was reasoned
one part: three-year revenue growth, the one part on file, ranked among 25 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Edap Tms S.A.'s industry position is put at 5.8 of 10 with a confidence of 35 of 100, because read from one part only, three-year revenue growth, which ranks in the top 42% of 25 in its family; fewer than two of the three parts can be read: size in the family's currency, net margin, three-year growth. A filing that carries the missing parts replaces this estimate with the filed reading.

Leadership

SI estimate
9.8/10

What are the people in charge doing?

SI estimate 9.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 98th percentile among 25 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 2% of 25 in its family; the record of its people begins on 2026-01-09 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 10 months and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2026-01-09 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 10 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 25 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Edap Tms S.A.'s leadership is put at 9.8 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 2% of 25 in its family; the record of its people begins on 2026-01-09 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 10 months and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 23 in its family for room to expand.

weight 45% of this tense · 47th percentile among 23 sector filers · read for itself

From the record

Edap Tms S.A.'s room to grow, from the newest filed statements (fiscal 2024): cash of EUR 30 million against debt of EUR 2 million leaves 32.2% of its assets as net cash, top 25% of its family; cash from operations less capital spending is -21.2% of revenue (top 50%); a gross margin of 41.4% (bottom 20%); research spending of 12.1% of revenue (bottom 43%) (its annual report).

What it rests on

  • cash less debt against assets32.2%top 25% of its family
  • cash from operations less capital spending against revenue-21.2%top 50% of its family
  • gross margin41.4%bottom 20% of its family
  • research spending against revenue12.1%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.4/10

What could actually drive growth from here?

top 36% of 25 in its family for growth drivers.

weight 33% of this tense · 64th percentile among 25 sector filers · read for its customers

From the record

Edap Tms S.A.'s growth drivers, from the filed years to fiscal 2024: revenue grew 13.3% a year over the last three filed years against 7.9% over all 10, speeding up (top 15% of its family); the newest year grew 6.1% (bottom 28%); research spending grew 31.4% a year (top 18%); capital spending grew 20.7% a year (top 40%) (its annual reports). Edap Tms S.A. reported 3 product lines in fiscal 2025: Manufactured Product Other at $49 million (69%), Parts and Services at $11 million (16%), HIFU Treatments and Devices Leased at $10 million (15%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+5.4 points a yeartop 15% of its family
  • the newest year's revenue growth6.1%bottom 28% of its family
  • three-year growth of research spending31.4%top 18% of its family
  • three-year growth of capital spending20.7%top 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
2.1/10

Did its newest year beat what its own record pointed to?

SI estimate 2.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 21st percentile among 23 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, revenue against the prior three years' pace, which ranks in the bottom 21% of 23 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
one part: revenue against the prior three years' pace, the one part on file, ranked among 23 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Edap Tms S.A.'s expectations vs reality is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, revenue against the prior three years' pace, which ranks in the bottom 21% of 23 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change. A filing that carries the missing parts replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FOCL · research, not advice