Firefly Neuroscience
FDA-cleared EEG assessment systems and brain-function reports for clinicians and drug developers.
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Profile
Provides FDA-cleared EEG and event-related-potential assessment systems that turn standardized recordings into clinician-facing brain-function reports, while serving pharmaceutical research partners. Revenue comes from equipment-linked subscriptions, assessments, sales, rentals, services, and projects through a single core platform concentrated primarily in North America.
Combines the FDA-cleared Evoke System and Brain Network Analytics platform to capture EEG and event-related-potential data, compare it with standardized reference data, and produce structured reports that complement clinical evaluation, treatment planning, and longitudinal management. Sales reach healthcare professionals in neurology, psychiatry, transcranial magnetic stimulation, and cognitive care, alongside pharmaceutical collaborators supporting neuroscience drug development.
Generates revenue through equipment-linked subscriptions, per-assessment fees, equipment sales and rentals, projects or clinical studies, and related services. The Firefly Products segment uses one core software platform and derives revenue primarily in North America. Commercialization depends on use within FDA-cleared claims, health-data and privacy compliance, database quality, cloud availability, and continued clinical-site and pharmaceutical-project activity.
Company facts
Key statistics
Year to date +22.5% · Average volume (30d) 117.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | — | −$0.10 | — | — | $514.0K | — | −0.83% |
| Jun 30, 2026Q1 FY26 | — | −$0.13 | — | — | $485.0K | — | +6.61% |
| May 12, 2026Q1 FY26 | — | −$0.13 | — | — | $412.0K | — | 0.00% |
| Nov 12, 2025Q3 FY25 | — | −$0.20 | — | — | $388.0K | — | −8.05% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $43.0K | $299.0K | $388.0K | $412.0K | $485.0K | $514.0K | |
| Gross profit | $43.0K | $274.0K | $146.0K | $182.0K | $221.0K | $253.0K | |
| Operating income | −$2.1M | −$1.6M | −$2.7M | −$2.3M | −$2.0M | −$2.0M | |
| Net income | −$12.9M | −$1.8M | −$2.6M | −$2.5M | −$2.0M | −$2.0M | |
| Diluted EPS | −$1.74 | −$0.14 | −$0.20 | −$0.20 | −$0.13 | −$0.10 | |
| Gross margin | 100.0% | 91.6% | 37.6% | 44.2% | 45.6% | 49.2% | |
| Operating margin | -4,802.3% | -546.5% | -684.5% | -546.1% | -414.4% | -384.0% |
Fiscal years (4-quarter sums)FY24 $2.0M · FY25 $1.1M
Balance sheet, Jun 30, 2026Cash & short-term investments $9.2M · Total debt $0 · Total assets $16.8M · Shareholders' equity $14.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 14.79M · Float 13.38M · 90.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Windsor Private Capital LP · 10 percent owner | 1.24M | 8.36% | Form 4 | Oct 22, 2025 |
| Gregory Lipschitz · director, officer: Interim CEO | 933.9K | 6.31% | Form 4 | Mar 13, 2026 |
| Jane Street Group, LLC | 180.2K | 1.22% | 13F | May 12, 2026 |
| Schonfeld Strategic Advisors LLC | 177.2K | 1.20% | 13F | May 15, 2026 |
| BlackRock, Inc. | 169.4K | 1.14% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 22, 2025 | Windsor Private Capital LP | 10 percent owner | −78,031 | $2.07 |
| Oct 21, 2025 | Windsor Private Capital LP | 10 percent owner | −19,222 | $2.40 |
| Oct 20, 2025 | Windsor Private Capital LP | 10 percent owner | −33,500 | $2.46 |
| Oct 17, 2025 | Windsor Private Capital LP | 10 percent owner | −45,036 | $2.55 |
| Oct 16, 2025 | Windsor Private Capital LP | 10 percent owner | −40,139 | $2.65 |
Peers
- Compass Minerals
Broad clinical and research EEG-system overlap.
- Ceribell
Rapid EEG and AI interpretation overlap in acute care.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Firefly Neuroscience | $1.08 | −0.92% | $16.0M | — | — | 8.9 | +71.9% |
| Compass Minerals | $24.62 | −0.06% | $1.03B | 57.3 | 21.1 | 0.8 | +0.3% |
| Ceribell | $23.73 | +0.17% | $900.4M | — | — | 8.8 | +32.5% |
| Median | 57.3 | 21.1 | 4.8 | +16.4% |




