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Baird Medical Investment Holdings (BDMD)
NASDAQ:BDMD
US Market
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Baird Medical Investment Holdings (BDMD) AI Stock Analysis

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BDMD

Baird Medical Investment Holdings

(NASDAQ:BDMD)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
$1.50
▼(-14.77% Downside)
Action:N/ADate:04/30/26
The score is primarily held down by deteriorating financial performance (2025 revenue decline, swing to losses) and persistently negative operating/free cash flow. Technical indicators are also weak (below key moving averages and negative MACD), while valuation is difficult to support given the negative P/E tied to losses.
Positive Factors
High Gross Margins
Sustainably high gross margins provide structural pricing flexibility and a larger gross profit buffer versus peers. Over 2–6 months this supports ability to invest in R&D or absorb adverse mix shifts, helping restore operating leverage if revenue stabilizes.
Negative Factors
Revenue Decline & Losses
A ~29% revenue decline and a swing to deep operating losses materially weaken sustainable earning power. Over months this erodes margins, reduces pricing leverage, and undermines recovery prospects unless demand or commercial execution meaningfully improves.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustainably high gross margins provide structural pricing flexibility and a larger gross profit buffer versus peers. Over 2–6 months this supports ability to invest in R&D or absorb adverse mix shifts, helping restore operating leverage if revenue stabilizes.
Read all positive factors

Baird Medical Investment Holdings (BDMD) vs. SPDR S&P 500 ETF (SPY)

Baird Medical Investment Holdings Business Overview & Revenue Model

Company Description
Baird Medical Investment Holdings Limited, together with its subsidiaries develops and sells microwave ablation medical devices for minimally invasive tumor treatment in China. The company's medical devices are used for treatment of benign and mal...

Baird Medical Investment Holdings Financial Statement Overview

Summary
Weak fundamentals: the income statement shows a sharp 2025 deterioration (revenue down ~29% YoY and a swing to deep operating losses and net loss). Cash flow is a major concern with negative operating cash flow in 2023–2025 and negative free cash flow across 2022–2025. The balance sheet is comparatively more supportive (debt ~0.62x equity), but declining equity and negative ROE raise risk if losses persist.
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue22.54M37.04M31.46M35.09M27.72M
Gross Profit18.88M32.65M27.23M28.04M23.18M
EBITDA-24.53M16.17M12.88M16.29M14.16M
Net Income-27.28M12.45M10.55M12.57M11.68M
Balance Sheet
Total Assets69.70M77.96M56.71M42.62M26.12M
Cash, Cash Equivalents and Short-Term Investments178.32K2.97M1.63M1.91M3.44M
Total Debt19.30M20.88M9.90M7.44M2.93M
Total Liabilities38.48M38.20M21.00M16.84M10.26M
Stockholders Equity31.37M39.66M35.75M25.93M5.20M
Cash Flow
Free Cash Flow-1.39M-9.17M-3.66M-5.47M3.87M
Operating Cash Flow-1.34M-6.31M-1.02M485.97K5.26M
Investing Cash Flow-42.31K-2.85M-2.64M-5.92M-1.39M
Financing Cash Flow-1.39M10.72M3.46M4.41M-1.93M

Baird Medical Investment Holdings Risk Analysis

Baird Medical Investment Holdings disclosed 82 risk factors in its most recent earnings report. Baird Medical Investment Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Baird Medical Investment Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
60
Neutral
$76.96M22.0010.27%14.21%
52
Neutral
$128.00M-13.16-117.54%9.86%58.75%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
50
Neutral
$130.06M-4.20-111.74%
48
Neutral
$115.12M-2.88-317.03%0.28%
47
Neutral
$20.70M-2.58-221.04%2.67%20.58%
43
Neutral
$73.35M-1.39-8.43%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BDMD
Baird Medical Investment Holdings
1.79
-3.67
-67.22%
APYX
Apyx Medical
3.06
1.90
163.79%
EDAP
EDAP TMS
3.47
1.32
61.62%
VANI
Vivani Medical
1.36
0.33
32.04%
XTNT
Xtant Medical Holdings
0.55
0.05
9.36%
ICCM
Icecure Medical
0.30
-0.73
-70.78%

Baird Medical Investment Holdings Corporate Events

Baird Medical Replaces Auditor Amid Ongoing Internal Control Weaknesses
Feb 10, 2026
Baird Medical Investment Holdings Limited, a China-based foreign private issuer reporting under U.S. securities rules, has its principal executive offices in Guangzhou and prepares financial statements under U.S. GAAP. The company is subject to SE...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 30, 2026