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SeaStar Medical Holding Corp (ICUCW) Stock Fundamental Analysis & AI Rating 2026

ICUCW Nasdaq Surgical & Medical Instruments & Apparatus CO CIK: 0001831868
Recently Updated • Analysis: Apr 11, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
65% Confidence
STRONG AGREEMENT
SELL
62% Conf
SELL
68% Conf

📊 ICUCW Key Takeaways

Revenue: $1.2M
Net Margin: -984.6%
Free Cash Flow: $-13.6M
Current Ratio: 3.63x
Debt/Equity: 0.05x
EPS: $-0.58
AI Rating: SELL with 62% confidence
SeaStar Medical Holding Corp (ICUCW) receives a SELL rating with 65% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $1.2M, net profit margin of -984.6%, and return on equity (ROE) of -116.6%, SeaStar Medical Holding Corp demonstrates mixed fundamentals in the Healthcare sector. Below is our complete ICUCW stock analysis for 2026.

Is SeaStar Medical Holding Corp (ICUCW) a Good Investment?

Claude

Early-stage medical device company with exceptional gross margins (95.7%) and explosive revenue growth (814% YoY), but unsustainable cash burn (-$13.6M annually) against minimal revenue ($1.2M) creates critical 11-month funding runway. Severe operating losses (-986.6% margin) and dilution risk from inevitable capital raise outweigh early commercialization promise.

ChatGPT

SeaStar Medical exhibits exceptional gross margins and triple-digit YoY revenue growth, but the revenue base is still de minimis relative to substantial operating losses. With ~$12M in cash against -$13.6M operating cash outflow, runway appears under a year at the current burn, implying likely external financing and dilution. Until revenue scales materially and operating losses narrow, fundamentals remain unfavorable.

Why Buy SeaStar Medical Holding Corp Stock? ICUCW Key Strengths

Claude
  • + Exceptional 95.7% gross margin indicates superior product economics and pricing power
  • + Extraordinary 814% YoY revenue growth demonstrates strong early market adoption and commercial traction
  • + Fortress balance sheet with $12M cash position and minimal debt (0.05x Debt/Equity), providing flexibility
ChatGPT
  • + ~96% gross margin suggests attractive unit economics if scaled
  • + Solid near-term liquidity (current ratio 3.6x) and minimal leverage (D/E 0.05x)
  • + Rapid YoY revenue growth indicating early commercial traction

ICUCW Stock Risks: SeaStar Medical Holding Corp Investment Risks

Claude
  • ! Critical cash runway of only ~11 months given -$13.6M annual operating cash burn rate against $12M cash balance
  • ! Massive operating expense structure: -$12.2M operating loss on just $1.2M revenue indicates severe cost inefficiency unrelative to revenue scale
  • ! Pre-profitability stage with no visible path to breakeven requires substantial dilutive capital raise, eroding shareholder value
ChatGPT
  • ! Short cash runway given heavy cash burn; high dilution/financing risk
  • ! Extremely negative profitability (operating and net margins near -1,000%)
  • ! Execution risk scaling from a very small revenue base; potential revenue volatility

Key Metrics to Watch

Claude
  • * Quarterly revenue growth rate sustainability and deceleration trajectory
  • * Monthly cash burn trend and updated runway calculation for urgency of funding
  • * Operating expense ratio to revenue and progress toward gross margin leverage into operating profitability
ChatGPT
  • * Quarterly operating cash burn and remaining cash runway
  • * Revenue growth relative to operating expense growth (gross margin sustainability)

SeaStar Medical Holding Corp (ICUCW) Financial Metrics & Key Ratios

Revenue
$1.2M
Net Income
$-12.2M
EPS (Diluted)
$-0.58
Free Cash Flow
$-13.6M
Total Assets
$14.2M
Cash Position
$12.0M

💡 AI Analyst Insight

Strong liquidity with a 3.63x current ratio provides a solid financial cushion.

ICUCW Profit Margin, ROE & Profitability Analysis

Gross Margin 95.7%
Operating Margin -986.6%
Net Margin -984.6%
ROE -116.6%
ROA -85.8%
FCF Margin -1,102.0%

ICUCW vs Healthcare Sector: How SeaStar Medical Holding Corp Compares

How SeaStar Medical Holding Corp compares to Healthcare sector averages

Net Margin
ICUCW -984.6%
vs
Sector Avg 12.0%
ICUCW Sector
ROE
ICUCW -116.6%
vs
Sector Avg 15.0%
ICUCW Sector
Current Ratio
ICUCW 3.6x
vs
Sector Avg 2.0x
ICUCW Sector
Debt/Equity
ICUCW 0.1x
vs
Sector Avg 0.6x
ICUCW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is SeaStar Medical Holding Corp Stock Overvalued? ICUCW Valuation Analysis 2026

Based on fundamental analysis, SeaStar Medical Holding Corp has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-116.6%
Sector avg: 15%
Net Profit Margin
-984.6%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.05x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

SeaStar Medical Holding Corp Balance Sheet: ICUCW Debt, Cash & Liquidity

Current Ratio
3.63x
Quick Ratio
3.61x
Debt/Equity
0.05x
Debt/Assets
26.4%
Interest Coverage
-676.39x
Long-term Debt
$525.0K

ICUCW Revenue & Earnings Growth: 5-Year Financial Trend

ICUCW 5-year financial data: Year 2024: Revenue $135.0K, Net Income -$26.2M, EPS $-30.26. Year 2025: Revenue $1.2M, Net Income -$24.8M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: SeaStar Medical Holding Corp's revenue has grown significantly by 814% over the 5-year period, indicating strong business expansion. The most recent EPS of $-30.26 indicates the company is currently unprofitable.

ICUCW Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-1,102.0%
Free cash flow / Revenue

ICUCW Quarterly Earnings & Performance

Quarterly financial performance data for SeaStar Medical Holding Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $68.0K -$2.0M N/A
Q2 2025 N/A -$2.0M $-0.18
Q1 2025 N/A -$3.8M $-0.44
Q3 2024 N/A -$2.4M $-1.10

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

SeaStar Medical Holding Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$13.6M
Cash generated from operations
Dividends
None
No dividend program

ICUCW SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for SeaStar Medical Holding Corp (CIK: 0001831868)

📋 Recent SEC Filings

Date Form Document Action
Mar 25, 2026 10-K icu20251231_10k.htm View →
Mar 25, 2026 8-K icu20260313_8k.htm View →
Feb 10, 2026 4 xslF345X05/rdgdoc.xml View →
Feb 10, 2026 4 xslF345X05/rdgdoc.xml View →
Feb 10, 2026 4 xslF345X05/rdgdoc.xml View →

Frequently Asked Questions about ICUCW

What is the AI rating for ICUCW?

SeaStar Medical Holding Corp (ICUCW) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 65% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ICUCW's key strengths?

Claude: Exceptional 95.7% gross margin indicates superior product economics and pricing power. Extraordinary 814% YoY revenue growth demonstrates strong early market adoption and commercial traction. ChatGPT: ~96% gross margin suggests attractive unit economics if scaled. Solid near-term liquidity (current ratio 3.6x) and minimal leverage (D/E 0.05x).

What are the risks of investing in ICUCW?

Claude: Critical cash runway of only ~11 months given -$13.6M annual operating cash burn rate against $12M cash balance. Massive operating expense structure: -$12.2M operating loss on just $1.2M revenue indicates severe cost inefficiency unrelative to revenue scale. ChatGPT: Short cash runway given heavy cash burn; high dilution/financing risk. Extremely negative profitability (operating and net margins near -1,000%).

What is ICUCW's revenue and growth?

SeaStar Medical Holding Corp reported revenue of $1.2M.

Does ICUCW pay dividends?

SeaStar Medical Holding Corp does not currently pay dividends.

Where can I find ICUCW SEC filings?

Official SEC filings for SeaStar Medical Holding Corp (CIK: 0001831868) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ICUCW's EPS?

SeaStar Medical Holding Corp has a diluted EPS of $-0.58.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ICUCW a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, SeaStar Medical Holding Corp has a SELL rating with 65% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ICUCW stock overvalued or undervalued?

Valuation metrics for ICUCW: ROE of -116.6% (sector avg: 15%), net margin of -984.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy ICUCW stock in 2026?

Our dual AI analysis gives SeaStar Medical Holding Corp a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ICUCW's free cash flow?

SeaStar Medical Holding Corp's operating cash flow is $-13.6M, with capital expenditures of N/A. FCF margin is -1,102.0%.

How does ICUCW compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -984.6% (avg: 12%), ROE -116.6% (avg: 15%), current ratio 3.63 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 11, 2026 | Data as of: 2025-12-31 | Powered by Claude AI