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ICU · NASDAQ · Biotechnology

SeaStar Medical (ICU)

Builds extracorporeal immunomodulation cartridges for acute kidney injury care.

$2.90
At close−0.09 (−2.87%)
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SeaStar Medical Holding CorporationICUHealth Care

Sells a pediatric extracorporeal immunomodulation cartridge to US hospitals for a narrowly labeled sepsis-related acute kidney injury use. Revenue comes from direct product sales, while the broader adult SCD platform remains tied to pivotal clinical data, FDA review, and the CRRT treatment workflow.

Develops extracorporeal immunomodulation therapies around its Selective Cytopheretic Device, which binds, calms, and releases highly activated neutrophils and monocytes within a renal-replacement-therapy circuit. Its commercial product, pediatric QUELIMMUNE, is a single-use cartridge/tubing therapy for a narrow FDA-approved group of critically ill patients with sepsis-related acute kidney injury who require renal replacement therapy.

Sells QUELIMMUNE directly to US hospitals and executes post-approval evidence collection through the SAVE registry. The adult SCD remains in a pivotal trial alongside CRRT, so its commercial entry depends on clinical results and regulatory approval. All sales are US-only, while cartridge supply, CRRT pumps, regional citrate anticoagulation, calcium-replacement solutions, hospital workflows, coverage, and reimbursement shape use of the platform.

Company facts

CEOEric Schlorff
ListedOct 31, 2022
ExchangeNASDAQ
HeadquartersDenver, CO
CountryUnited States
Employees17
CIK0001831868
ISINUS81256L3024

Market cap$8.2M
EPS (ttm)−$3.91
P/E (ttm)−0.7366
ROE-162.8%
P/B2.74
P/S4.77
Dividend yieldDiv yield
Beta1.18vs XLV 0.65

No analyst consensus on record.

Next report
Nov 12, 2026
in 70 days
EPS estimate
−$0.95
Revenue estimate
$500.0K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.90−$0.44−$0.18−$1.30−$0.80−$0.90−$0.91Pending
Estimate−$0.89−$0.52−$0.43−$1.50−$0.97−$0.73−$0.97−$0.95
Surprise−1.1%+15.4%+58.1%+13.3%+17.5%−23.3%+6.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$67.0K$293.0K$338.0K$183.0K$420.0K$495.0K$615.0KPending
Estimate$150.0K$150.0K$245.0K$250.0K$222.5K$437.5K$486.5K$500.0K
Surprise−55.3%+95.3%+38.0%−26.8%+88.8%+13.1%+26.4%
Estimate−$0.95
ReportedDue Nov 12, 2026
Estimate$500.0K
ReportedDue Nov 12, 2026
View details

Debt to equity0.00%
Current ratio189.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$68.0K$67.0K$293.0K$338.0K$183.0K$420.0K$495.0K$615.0K
Net income−$4.5M−$4.4M−$3.8M−$2.0M−$3.5M−$2.9M−$3.5M−$3.7M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.5M−$4.8M−$3.8M−$1.8M−$3.6M−$3.0M−$3.6M−$3.8M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $7.0M · Total debt $0 · Total assets $8.6M · Shareholders' equity $4.3M

Revenue
$615.0K
Operating income
−$3.8M
Net income
−$3.7M
View details

No dividends on record.

Institutions17 holders · as of Mar 31, 20262.99%131.6K shares
Insiders10 holders · as of Aug 19, 202613.18%581.0K shares
Otherremainder83.83%3.69M shares

4.41M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (4.41M in the company's Sep 3, 2026 report, 2.84M elsewhere); stakes use the report.

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Mitchell P. KopinInsider
10.06%443,25313Gfiled May 13, 2026
Opportunity Master Fund, SPC – Segregated Master Portfolio BInstitution
6.32%278,43613Gfiled May 11, 2026
Geode Capital Management, LLCInstitution
1.26%55,64213Fas of Mar 31, 2026
Eric SchlorffInsiderofficer: Chief Executive Officer
1.14%50,140Form 4filed Jul 2, 2026
Vanguard Capital Management LLCInstitution
0.65%28,79113Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 18, 2026Michael Messingerofficer: Chief Financial Officer+750$3.27
Dec 19, 2025Jennifer A. Bairddirector+4,200$0.2351
Dec 9, 2025Michael Messingerofficer: Chief Financial Officer+14,500$0.3516
View details

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Compare

CompanyPriceChange
SeaStar Medical$2.90−2.87%$8.2M4.8+82.0%
CytoSorbents$0.3400−11.83%$24.1M0.6+0.2%
Fresenius Medical Care (ADR)$22.44−0.97%$12.17B11.716.40.5−0.7%
Nuwellis$0.7300−0.40%$68.1K0.0+14.1%
Median11.716.40.5+0.2%