10-Q quarterly report · filed Nov 13, 2025

TriSalus Life Sciences, Inc. (TLSI) Q3 2025 10-Q Quarterly Report

Short answer

TriSalus Life Sciences, Inc. (TLSI) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $12M (up 57.4% year over year) with net income of −$11M.

Q3 2025 key financials · XBRL

Revenue
$12M
+57.4% YoY · +3.1% QoQ
Net income
−$11M
−353.1% YoY · −30.4% QoQ
Operating margin
-77.9%
Gross margin
83.5%
EPS (diluted)
−$1.07
−970.0% YoY · −311.5% QoQ

Source: XBRL data from the TriSalus Life Sciences, Inc. (TLSI) Q3 2025 10-Q on SEC EDGAR. USD.

TriSalus Life Sciences, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $11.566M, up 57.4% YoY from $7.349M, driven by higher TriNav units sold
  • Gross margin 83.5% vs 86.3% YoY, with newly launched products lowering manufacturing efficiency
  • TriNav strongest product line, driving quarterly revenue growth; revenue $11.566M
  • Cash and equivalents $22.7M at September 30, 2025; operating cash use $15.528M for nine months
  • $22.0M private placement and $10.0M delayed-draw loan; management expects continued net losses and potential additional capital needs

Risk Factors

  • No risk-factor text provided; excerpt references the December 31, 2024 Form 10-K
  • No newly added quarterly risk identified in the provided excerpt
  • No updated regulatory, legal, operational, competitive, or financial risk disclosed in the provided excerpt

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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