LEMAITRE VASCULAR INC (LMAT) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

LEMAITRE VASCULAR INC (LMAT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

LEMAITRE VASCULAR INC FY2025 10-K Analysis

Business Overview

  • Core business model: global medical devices and human tissue cryopreservation services focused on treating peripheral vascular, end-stage renal, and cardiovascular diseases
  • New product emphasis: launch of PhasTIPP Powered Phlebectomy System in US (H1 2024) and marketing of Artegraft biologic graft in EU after April 2025 CE mark approval
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Management Discussion & Analysis

  • Revenue $249.6M in 2025, up 14% YoY (+$29.7M from $219.9M in 2024) with highest growth in EMEA (+22%, +$13.2M)
  • Gross margin 71.5% in 2025 vs 68.6% in 2024, up 290bps; driven by Employee Retention Credit, manufacturing efficiencies, and price increases
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Risk Factors

  • Regulatory risk: ASC 606 revenue recognition standard requires judgment in estimating sales returns, impacting reported revenue and allowances
  • Macroeconomic threat: $9.1 million inventory purchase commitments expose business to supply cost fluctuations through 2026
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LEMAITRE VASCULAR INC FY2025 Key Financial Metrics
XBRL

Revenue

$250M

+13.5% YoY

Net Income

$58M

+31.1% YoY

Gross Margin

71.5%

+290bp YoY

Operating Margin

27.2%

+344bp YoY

Net Margin

23.1%

+310bp YoY

ROE

14.7%

+161bp YoY

Total Assets

$616M

+11.6% YoY

EPS (Diluted)

$2.52

+30.6% YoY

Operating Cash Flow

$81M

+84.1% YoY

Source: XBRL data from LEMAITRE VASCULAR INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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