Apyx Medical Corp(APYX)Stock Analysis
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Rank #2,697 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
APYX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Apyx Medical Corp (APYX), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores APYX at 19.3/100 on a 32-signal composite quality model, placing it at rank #2,697 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue scale (10.3) and balance sheet strength (12.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 30.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Apyx Medical Corp reports quarterly revenue of $12.5M, net income of $-2.1M, an operating margin of -7.3%. Top institutional holders of APYX by reported 13-F value include Nantahala Capital Management,, Archon Capital Management, ROYCE & ASSOCIATES, based on the most recent SEC filings. APYX trades on the Nasdaq exchange and files with the SEC under CIK 719135. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate APYX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Apyx Medical Corp directly from SEC EDGAR. Apyx Medical Corp's 13F Pro composite quality score has ranged between 15 and 29 since 2021, currently 19.3 — a declining long-term trajectory across 30 quarterly and live scoring snapshots.
Revenue
Q1 2026
$12.5M
Net Income
Q1 2026
$-2.1M
Free Cash Flow
Q1 2026
$-632.0K
Operating Margin
Q1 2026
-7.3%
D/E Ratio
Q1 2026
2.92
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+17.6% YoYNet Income
+19.3% YoYOperating Income
+26.9% YoYEPS (Diluted)
+19.4% YoYTotal Assets
+53.0% YoYTotal Debt
Op. Cash Flow
+74.1% YoY| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $52.3M +17.6% | $44.5M -8.3% | $48.5M +75.1% | $27.7M -1.9% | $28.2M +175.9% | $10.2M |
| Net Income | $-18.7M +19.3% | $-23.2M -52.8% | $-15.2M -27.5% | $-11.9M +39.6% | $-19.7M -289.3% | $-5.1M |
| Operating Income | $-17.3M +26.9% | $-23.6M -63.3% | $-14.4M +28.1% | $-20.1M +3.8% | $-20.9M -50.3% | $-13.9M |
| EPS (Diluted) | $-0.54 +19.4% | $-0.67 -52.3% | $-0.44 -25.7% | $-0.35 +39.7% | $-0.58 -241.2% | $-0.17 |
| Total Assets | $79.2M +53.0% | $51.8M -24.7% | $68.7M -7.3% | $74.1M -12.5% | $84.7M +173.5% | $31.0M |
| Total Debt | $33.2M | $0.00 | — | — | — | $2.9M |
| Operating Cash Flow | $-5.2M +74.1% | $-20.3M -94.1% | $-10.4M +35.0% | $-16.1M +13.0% | $-18.5M -398.8% | $-3.7M |
AI Insight: APYX Financial Trends
Losses are narrowing sharply — net loss compressed from $7M in Q2 2024 to $1M in Q4 2025 — but equity erosion and flat debt signal the runway is tightening.
• Net loss improved from $7M in Q2 2024 to $1M in Q4 2025, the best result in the observed period.
• Operating loss narrowed from $6M in Q2 2024 to breakeven $0M in Q4 2025, suggesting improving cost discipline.
• Revenue reached $19M in Q4 2025, up from $9M in Q1 2025, though Q1 2026 pulled back to $12M.
• Equity has declined from $15M in Q2 2024 to $13M in Q1 2026, eroded by sustained net losses over eight quarters.
⚠ Total debt has been flat at $38M since Q3 2024 while equity sits at $13M — leverage ratio remains elevated.
⚠ Operating cash flow has been negative every quarter; Q3 2025 saw a reversal to $4M outflow after two quarters of improvement.
⚠ Q1 2026 revenue of $12M and net loss of $2M represent a step back from Q4 2025 — monitor whether Q4 strength was seasonal.
AI Insight: APYX Ratio Trends
Apyx Medical turned briefly operating-profitable in Q4 2025 — its first positive operating margin in the dataset — but Q1 2026 slipped back to -7.3%, signaling a fragile, uneven recovery.
• Operating margin improved dramatically from -45.7% in Q2 2024 to +0.1% in Q4 2025, a ~46pp swing over six quarters.
• Net profit margin narrowed from -54.0% in Q2 2024 to -6.8% in Q4 2025, though Q1 2026 widened back to -16.9%.
• D/E ratio surged from 2.28 in Q2 2024 to 6.41 in Q3 2025 before falling sharply to 2.58 in Q4 2025, indicating volatile leverage.
• ROA improved from -40.1% in Q2 2024 to -7.8% in Q4 2025, but reversed to -13.4% in Q1 2026.
⚠ Q1 2026 operating margin retreated to -7.3% after Q4 2025's near-breakeven +0.1% — sustainability of profitability remains unproven.
⚠ D/E spiked to 6.41 in Q3 2025; though it eased to 2.92 in Q1 2026, leverage trajectory warrants close monitoring.
⚠ ROIC turned positive at +0.1% in Q4 2025 — first in the dataset — but slipped back to -7.2% in Q1 2026.
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Available Research
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Top Institutional Holders of APYX
Nantahala Capital Management, LLC
$12.7M3,440,304 shArchon Capital Management LLC
$10.3M2,790,923 shROYCE & ASSOCIATES LP
$9.6M2,611,224 shVANGUARD CAPITAL MANAGEMENT LLC
$5.7M1,555,272 shAIGH Capital Management LLC
$4.1M1,104,970 shSilverberg Bernstein Capital Management LLC
$3.8M1,041,070 shESSEX INVESTMENT MANAGEMENT CO LLC
$3.3M901,398 shCOMMONWEALTH EQUITY SERVICES, LLC
$2.4M649,061 shHORIZON KINETICS ASSET MANAGEMENT LLC
$2.3M615,000 shSEI INVESTMENTS CO
$2.2M598,255 sh
| Fund | Value | Shares |
|---|---|---|
| Nantahala Capital Management, LLC | $12.7M | 3,440,304 |
| Archon Capital Management LLC | $10.3M | 2,790,923 |
| ROYCE & ASSOCIATES LP | $9.6M | 2,611,224 |
| VANGUARD CAPITAL MANAGEMENT LLC | $5.7M | 1,555,272 |
| AIGH Capital Management LLC | $4.1M | 1,104,970 |
| Silverberg Bernstein Capital Management LLC | $3.8M | 1,041,070 |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $3.3M | 901,398 |
| COMMONWEALTH EQUITY SERVICES, LLC | $2.4M | 649,061 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $2.3M | 615,000 |
| SEI INVESTMENTS CO | $2.2M | 598,255 |
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Is APYX a good stock to buy?
13F Pro's AI-powered analysis of Apyx Medical Corp (APYX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for APYX are available on the APYX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own APYX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling APYX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Apyx Medical Corp's investment landscape.