ICUI ICU MEDICAL INC/DE

FY2025 10-K
Filed: Feb 19, 2026
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

ICU MEDICAL INC/DE (ICUI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 19, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Development, manufacturing, and sales of innovative medical products for infusion therapy, vascular access, and vital care applications worldwide
  • New strategic joint venture formed in April 2025, selling 60% controlling interest in IV Solutions business to Otsuka Pharmaceutical Factory America
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Management Discussion & Analysis

  • Foreign currency exposure partially hedged, not fully covering forecasted revenues and expenses
  • Potential increased risk from unhedged currency fluctuations impacting financial results
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Risk Factors

  • Regulatory risk Italy Medical Device Payback law IMDP liability settled for $2.5M with $3.8M reserve release in 2025
  • Macroeconomic exposure $85M-$100M capital expenditures planned across Costa Rica, Europe, Mexico, and U.S. manufacturing in 2026
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Financial Summary
XBRL

Revenue

$2.2B

Net Income

$732,000

Gross Margin

36.8%

Operating Margin

1.9%

Net Margin

0.0%

ROE

0.0%

Total Assets

$4.1B

EPS (Diluted)

$0.03

Operating Cash Flow

$180M

Source: XBRL data from ICU MEDICAL INC/DE FY2025 10-K filing on SEC EDGAR. All figures in USD.

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