Intuitive Surgical, Inc. (ISRG) Financial Statements

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Intuitive Surgical financial statements at a glance

Intuitive Surgical reported revenue of $10.06 billion for fiscal year 2025 (ended December 31, 2025), up 20.5% from fiscal year 2024. Net income was $2.86 billion, a net margin of 28.4%.

At the end of fiscal year 2025 it had total assets of $20.46 billion, total liabilities of $2.63 billion and shareholders' equity of $17.82 billion.

Its operations brought in $3.03 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Intuitive Surgical, Inc.

ISRGUnited States
Healthcare
USD (Local)

Income Statement

Annual • USD

Revenue
10.06B
Prev Year: 8.35B
YoY: +20.5%
Total Revenue
-
Cost of Revenue
3.42B
Prev Year: 2.72B
YoY: +25.9%
Gross Profit
6.64B
Prev Year: 5.63B
YoY: +17.9%
SG&A Expenses
2.38B
Prev Year: 2.14B
YoY: +11.5%
Operating Expense
-
R&D Expense
1.31B
Prev Year: 1.14B
YoY: +15.3%
Depreciation/Amortization
700.0K
Prev Year: 2.40M
YoY: -70.8%
Net Non Operating Interest Income Expense
-
Operating Expenses
7.12B
Prev Year: 6.00B
YoY: +18.6%
Pre-tax Income
-
Operating Income
2.95B
Prev Year: 2.35B
YoY: +25.4%
Interest Inc.(Exp.),Net-Non-Op., Total
365.90M
Prev Year: 324.90M
YoY: +12.6%
Net Income Common Stockholders
-
Net Income Before Taxes
3.31B
Prev Year: 2.67B
YoY: +23.8%
Diluted NI Available to Com Stockholders
-
Provision for Income Taxes
434.80M
Prev Year: 336.30M
YoY: +29.3%
Basic EPS
-
Net Income After Taxes
2.88B
Prev Year: 2.34B
YoY: +23.1%
Diluted EPS
-
Net Income Before Extra. Items
2.86B
Prev Year: 2.32B
YoY: +23.0%
Weighted Average Shares (basic)
-
Net Income
2.86B
Prev Year: 2.32B
YoY: +23.0%
Weighted Average Shares (diluted)
-
Income Available to Com Excl ExtraOrd
2.86B
Prev Year: 2.32B
YoY: +23.0%
Total Operating Income as Reported
-
Income Available to Com Incl ExtraOrd
2.86B
Prev Year: 2.32B
YoY: +23.0%
Total Expenses
-
Diluted Net Income
2.86B
Prev Year: 2.32B
YoY: +23.0%
Net Income from Continuing and Discontinued Operation
-
Diluted Weighted Average Shares
362.70M
Prev Year: 362.00M
YoY: +0.2%
Normalized Income
-
Diluted EPS Excluding ExtraOrd Items
7.874
Prev Year: 6.416
YoY: +22.7%
Net Interest Income
-
Diluted Normalized EPS
7.874
Prev Year: 6.435
YoY: +22.4%
EBIT
-
Minority Interest
-20.60M
Prev Year: -14.90M
YoY: -38.3%
Unusual Expense (Income)
-
Prev Year: 7.80M
EBITDA
-
Values in USD

Intuitive Surgical key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$10.1B$8.4B$7.1B$6.2B$5.7B
Gross profit$6.6B$5.6B$4.7B$4.2B$4.0B
Operating income$2.9B$2.3B$1.8B$1.6B$1.8B
Net income$2.9B$2.3B$1.8B$1.3B$1.7B
Diluted EPS––––$4.66
Total assets$20.5B$18.7B$15.4B$13.0B$13.6B
Total liabilities$2.6B$2.3B$2.1B$1.9B$1.6B
Shareholders' equity$17.8B$16.4B$13.3B$11.0B$11.9B
Cash––––$1.3B
Total debt––––$87.0M
Operating cash flow$3.0B$2.4B$1.8B$1.5B$2.1B
Capital spending––––$339.5M
Free cash flow––––$1.7B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Intuitive Surgical's revenue in fiscal year 2025?

$10.06 billion, up 20.5% from $8.35 billion in fiscal year 2024.

How much profit does Intuitive Surgical make?

Intuitive Surgical reported net income of $2.86 billion for fiscal year 2025 (28.4% of revenue); operating income was $2.95 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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