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TriSalus Life Sciences, Inc. (TLSIW) Stock Fundamental Analysis & AI Rating 2026

TLSIW Nasdaq Surgical & Medical Instruments & Apparatus DE CIK: 0001826667
Recently Updated • Analysis: Apr 17, 2026 • SEC Data: 2025-12-31
STRONG SELL
85% Conf
Pending
Analysis scheduled

📊 TLSIW Key Takeaways

Revenue: $45.2M
Net Margin: -86.9%
Free Cash Flow: $-18.9M
Current Ratio: 2.80x
Debt/Equity: N/A
EPS: $-1.84
AI Rating: STRONG SELL with 85% confidence
TriSalus Life Sciences, Inc. (TLSIW) receives a STRONG SELL rating with 85% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $45.2M, net profit margin of -86.9%, TriSalus Life Sciences, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete TLSIW stock analysis for 2026.

Is TriSalus Life Sciences, Inc. (TLSIW) a Good Investment?

Claude

TriSalus demonstrates strong revenue growth (53.4% YoY) and exceptional gross margins (84.6%), indicating market traction for its products. However, the company faces critical fundamental solvency challenges: negative stockholders equity (-$33.9M), severe operating losses (-$26.9M), and negative operating cash flow (-$18.0M) create an unsustainable financial position. With limited cash runway of approximately 12-13 months at current burn rates, the company's viability depends on dramatic operational improvement or immediate capital infusion.

Why Buy TriSalus Life Sciences, Inc. Stock? TLSIW Key Strengths

Claude
  • + Strong YoY revenue growth of 53.4% demonstrates market demand and product adoption
  • + Exceptional gross margin of 84.6% indicates superior product quality and pricing power
  • + Adequate short-term liquidity with current ratio of 2.80x provides near-term operational flexibility

TLSIW Stock Risks: TriSalus Life Sciences, Inc. Investment Risks

Claude
  • ! Negative stockholders equity of -$33.9M represents technical insolvency with liabilities exceeding assets by $33.9M
  • ! Severe cash burn with -$18.9M free cash flow annually against only $20.4M cash position creates existential runway risk
  • ! Unprofitable operations with -$59.7% operating margin and -30.6x interest coverage indicate fundamentally unsustainable business model at current scale

Key Metrics to Watch

Claude
  • * Operating cash flow inflection point and path to positive FCF
  • * Operating margin improvement trajectory and cost structure optimization
  • * Cash depletion rate relative to potential capital raises or revenue acceleration
  • * Gross margin sustainability as company scales operations

TriSalus Life Sciences, Inc. (TLSIW) Financial Metrics & Key Ratios

Revenue
$45.2M
Net Income
$-39.2M
EPS (Diluted)
$-1.84
Free Cash Flow
$-18.9M
Total Assets
$35.3M
Cash Position
$20.4M

💡 AI Analyst Insight

Strong liquidity with a 2.80x current ratio provides a solid financial cushion.

TLSIW Profit Margin, ROE & Profitability Analysis

Gross Margin 84.6%
Operating Margin -59.7%
Net Margin -86.9%
ROE N/A
ROA -111.0%
FCF Margin -41.9%

TLSIW vs Healthcare Sector: How TriSalus Life Sciences, Inc. Compares

How TriSalus Life Sciences, Inc. compares to Healthcare sector averages

Net Margin
TLSIW -86.9%
vs
Sector Avg 12.0%
TLSIW Sector
ROE
TLSIW 0.0%
vs
Sector Avg 15.0%
TLSIW Sector
Current Ratio
TLSIW 2.8x
vs
Sector Avg 2.0x
TLSIW Sector
Debt/Equity
TLSIW 0.0x
vs
Sector Avg 0.6x
TLSIW Sector

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

Is TriSalus Life Sciences, Inc. Stock Overvalued? TLSIW Valuation Analysis 2026

Based on fundamental analysis, TriSalus Life Sciences, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
N/A
Sector avg: 15%
Net Profit Margin
-86.9%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
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.

TriSalus Life Sciences, Inc. Balance Sheet: TLSIW Debt, Cash & Liquidity

Current Ratio
2.80x
Quick Ratio
2.54x
Debt/Equity
N/A
Debt/Assets
195.8%
Interest Coverage
-30.62x
Long-term Debt
$33.0M

TLSIW Revenue & Earnings Growth: 5-Year Financial Trend

TLSIW 5-year financial data: Year 2023: Revenue $18.5M, Net Income -$47.2M, EPS $-161.55. Year 2024: Revenue $29.4M, Net Income -$59.4M, EPS $-6.77. Year 2025: Revenue $45.2M, Net Income -$30.0M, EPS $-1.31.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: TriSalus Life Sciences, Inc.'s revenue has grown significantly by 144% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.31 indicates the company is currently unprofitable.

TLSIW 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
-41.9%
Free cash flow / Revenue

TLSIW Quarterly Earnings & Performance

Quarterly financial performance data for TriSalus Life Sciences, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $7.3M -$2.4M $-0.12
Q2 2025 $7.4M -$4.3M $-0.21
Q1 2025 $6.5M -$10.4M $-0.39
Q3 2024 $5.2M -$1.4M $-0.12
Q2 2024 $4.6M -$4.3M $-0.21
Q1 2024 $3.0M -$8.3M $-0.57
Q3 2023 $3.9M -$1.3M $-0.13

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

TriSalus Life Sciences, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$18.0M
Cash generated from operations
Stock Buybacks
$8.5M
Shares repurchased (TTM)
Capital Expenditures
$918.0K
Investment in assets
Dividends
None
No dividend program

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

Access official SEC EDGAR filings for TriSalus Life Sciences, Inc. (CIK: 0001826667)

📋 Recent SEC Filings

Date Form Document Action
Apr 7, 2026 8-K tlsi-20260401.htm View →
Apr 1, 2026 4 xslF345X06/wk-form4_1775074153.xml View →
Mar 31, 2026 DEF 14A tlsi-20260330.htm View →
Mar 20, 2026 4 xslF345X06/wk-form4_1774038352.xml View →
Mar 20, 2026 4 xslF345X06/wk-form4_1774038346.xml View →

Frequently Asked Questions about TLSIW

What is the AI rating for TLSIW?

TriSalus Life Sciences, Inc. (TLSIW) has an AI rating of STRONG SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TLSIW's key strengths?

Claude: Strong YoY revenue growth of 53.4% demonstrates market demand and product adoption. Exceptional gross margin of 84.6% indicates superior product quality and pricing power.

What are the risks of investing in TLSIW?

Claude: Negative stockholders equity of -$33.9M represents technical insolvency with liabilities exceeding assets by $33.9M. Severe cash burn with -$18.9M free cash flow annually against only $20.4M cash position creates existential runway risk.

What is TLSIW's revenue and growth?

TriSalus Life Sciences, Inc. reported revenue of $45.2M.

Does TLSIW pay dividends?

TriSalus Life Sciences, Inc. does not currently pay dividends.

Where can I find TLSIW SEC filings?

Official SEC filings for TriSalus Life Sciences, Inc. (CIK: 0001826667) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TLSIW's EPS?

TriSalus Life Sciences, Inc. has a diluted EPS of $-1.84.

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 TLSIW a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, TriSalus Life Sciences, Inc. has a STRONG SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is TLSIW stock overvalued or undervalued?

Valuation metrics for TLSIW: ROE of N/A (sector avg: 15%), net margin of -86.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy TLSIW stock in 2026?

Our dual AI analysis gives TriSalus Life Sciences, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TLSIW's free cash flow?

TriSalus Life Sciences, Inc.'s operating cash flow is $-18.0M, with capital expenditures of $918.0K. FCF margin is -41.9%.

How does TLSIW compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -86.9% (avg: 12%), ROE N/A (avg: 15%), current ratio 2.80 (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 17, 2026 | Data as of: 2025-12-31 | Powered by Claude AI