ELMD on NYSE

Electromed, Inc.

American electromedical and electrotherapeutic apparatus company. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$73.8MRevenue, fiscal 20262
$11.3MNet income, fiscal 20262

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  • TickerELMD on NYSE1
  • IndustryElectromedical & Electrotherapeutic Apparatus1
  • HeadquartersNew Prague, Minnesota1
  • Incorporated inMN3
  • Business address500 Sixth Avenue Nw, New Prague, Mn 560713
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Electromed, Inc. (“we,” “our,” “us,” “Electromed” or the “Company”) develops, manufactures, markets and sells innovative products that provide airway clearance therapy, including the SmartVest ® Airway Clearance System (“SmartVest System”) to patients with compromised pulmonary function with a commitment to excellence and compassionate service. Our goal is to make High Frequency Chest Wall Oscillation (“HFCWO”) treatments as effective, convenient, and comfortable as possible, so our patients can breathe easier and live better with improved respiratory function and fewer exacerbations.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

78.5%Gross margin2
18.8%Operating margin2
15.3%Net margin2
15.3%Revenue growth, 20262
20.9%Return on equity2
$8.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue21¢$15.8M
  • Research and development2¢$1.3M
  • Selling, general and admin58¢$42.7M
  • Income tax4¢$3.1M
  • Profit15¢$11.3M

Out of $73.8M in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending13¢$1.3M
  • Share buybacks41¢$3.9M
  • Kept or used elsewhere47¢$4.5M

Out of $9.7M of cash from operations.2

Financial statements

Revenue56789102$73.8M in 2026+136% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $31.3M$31.3M20192020: $32.5M$32.5M2020+4%2021: $35.8M$35.8M2021+10%2022: $41.7M$41.7M2022+17%2023: $48.1M$48.1M2023+15%2024: $54.7M$54.7M2024+14%2025: $64.0M$64.0M2025+17%2026: $73.8M$73.8M2026+15%
Gross profit56789102$57.9M in 2026+143% since 2019
0$20.0M$40.0M$60.0M2019: $23.8M$23.8M20192020: $25.2M$25.2M2020+6%2021: $27.3M$27.3M2021+8%2022: $31.4M$31.4M2022+15%2023: $36.5M$36.5M2023+16%2024: $41.7M$41.7M2024+14%2025: $50.0M$50.0M2025+20%2026: $57.9M$57.9M2026+16%
Operating income56789102$13.9M in 2026+391% since 2019
0$5.0M$10.0M$15.0M2019: $2.8M$2.8M20192020: $5.1M$5.1M2020+81%2021: $3.1M$3.1M2021−39%2022: $3.0M$3.0M2022−5%2023: $4.0M$4.0M2023+35%2024: $6.6M$6.6M2024+64%2025: $9.7M$9.7M2025+47%2026: $13.9M$13.9M2026+44%
Net income56789102$11.3M in 2026+471% since 2019
0$5.0M$10.0M$15.0M2019: $2.0M$2.0M20192020: $4.2M$4.2M2020+110%2021: $2.4M$2.4M2021−43%2022: $2.3M$2.3M2022−2%2023: $3.2M$3.2M2023+37%2024: $5.2M$5.2M2024+63%2025: $7.5M$7.5M2025+46%2026: $11.3M$11.3M2026+50%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-06-302025-06-30
Net revenues$73.8M$64.0M
Cost of revenues$15.8M$14.0M
Gross profit$57.9M$50.0M
Selling, general and administrative$42.7M$39.3M
Research and development$1.3M$996.0K
Total operating expenses$44.1M$40.3M
Operating income$13.9M$9.7M
Interest income, net$479.0K$624.0K
Net income before income taxes$14.4M$10.3M
Income tax expense$3.1M$2.7M
Net income$11.3M$7.5M
Basic (in dollars per share)$1.37$0.89
Diluted (in dollars per share)$1.30$0.85
Basic (in shares)8.3M shares8.5M shares
Diluted (in shares)8.7M shares8.9M shares

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Leadership

Who has led Electromed, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert D. Hansen2010–2011
  2. Kathleen Skarvan2012–2023
  3. James L. Cunniff2023–now

President

  1. Kathleen Skarvan2015–2023
  2. James L. Cunniff2023–now

Chief financial officer

  1. Terry M. Belford2010–2011
  2. Jeremy T. Brock2012–2020
  3. Kathleen Skarvan2015
  4. Michael Joseph Maccourt2020–2021
  5. Michelle C. Wirtz2022
  6. Bradley M. Nagel2022–now

Chief operating officer

  1. James J. Cassidy2011–2012
201520202025
Board members and other officers (20)

Timeline

  1. Jul 5, 2023New chief executive James L. Cunniff becomes CEO13
  2. Dec 4, 2012New chief executive Kathleen Skarvan becomes CEO14
  3. Aug 12, 2010New chief executive Robert D. Hansen becomes CEO15

Filings

182 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 74 insider forms, 16 large holders, 35 other. The latest 20:

  1. Sep 29, 2026DEF 14A EDGAR
  2. Sep 29, 2026DEFA14A EDGAR
  3. Sep 29, 2026ARS EDGAR
  4. Sep 3, 20264 EDGAR
  5. Sep 3, 20264 EDGAR
  6. Aug 25, 20268-K EDGAR
  7. Aug 25, 202610-K EDGAR
  8. Jul 2, 20264 EDGAR
  9. Jun 9, 20264 EDGAR
  10. Jun 8, 2026144 EDGAR
  11. Jun 8, 20264 EDGAR
  12. Jun 4, 2026144 EDGAR
  13. May 29, 2026SD EDGAR
  14. May 19, 20264 EDGAR
  15. May 15, 2026144 EDGAR
  16. May 12, 202610-Q EDGAR
  17. May 12, 20268-K EDGAR
  18. Apr 1, 2026UPLOAD EDGAR
  19. Mar 26, 2026SCHEDULE 13G/A EDGAR
  20. Mar 25, 2026CORRESP EDGAR

The 182 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 3 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 8, 2026Cunniff James L.CEO and PresidentSale9,700$36.51$354.1KForm 4
Jun 4, 2026Nagel Bradley M.Chief Financial OfficerSale11,801$36.35$429.0KForm 4
May 15, 2026SKARVAN KATHLEENDirectorSale40,000$35.48$1.4MForm 4
Sep 11, 2025Summers AndrewDirectorSale3,153$24.42$77.0KForm 4
Sep 10, 2025Summers AndrewDirectorSale62,561$24.32$1.5MForm 4
Feb 24, 2025Summers AndrewDirectorSale50,751$27.30$1.4MForm 4
Feb 21, 2025Summers AndrewDirectorSale25,451$28.21$717.9KForm 4
Feb 20, 2025Summers AndrewDirectorSale35,273$28.83$1.0MForm 4
Feb 18, 2025SKARVAN KATHLEENDirectorSale43,954$29.27$1.3MForm 4
Feb 14, 2025SKARVAN KATHLEENDirectorSale32,629$32.12$1.0MForm 4
Dec 5, 2024Summers AndrewDirectorSale37,404$28.15$1.1MForm 4
Dec 4, 2024Summers AndrewDirectorSale12,731$29.98$381.7KForm 4
Dec 3, 2024Summers AndrewDirectorSale35,436$30.18$1.1MForm 4
Dec 2, 2024Summers AndrewDirectorSale17,463$30.09$525.5KForm 4
Nov 19, 2024SKARVAN KATHLEENDirectorSale107,547$27.95$3.0MForm 4
Nov 18, 2024SKARVAN KATHLEENDirectorSale42,453$28.16$1.2MForm 4
Mar 1, 2024Cunniff James L.CEO and PresidentBuy9,000$15.25$137.2KForm 4
Dec 14, 2023Summers AndrewDirectorBuy28,797$10.50$302.4KForm 4
Nov 21, 2023Cunniff James L.CEO and PresidentBuy1,000$10.56$10.6KForm 4
Jul 12, 2023SKARVAN KATHLEENDirectorSale1,107$10.83$12.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
J.E. Simmons & Co., P.C.483,822$20.5M11.5%−9,000
BlackRock, Inc.465,619$19.7M0.0%+6,774
Vanguard Capital Management LLC283,232$12.0M0.0%−51,796
Punch & Associates Investment Management, Inc.218,520$9.2M0.5%−6,000
Geode Capital Management, LLC217,115$9.2M0.0%+15,222
Dimensional Fund Advisors LP180,447$7.6M0.0%+2,177
Two Sigma Investments, LP167,492$7.1M0.0%−36,108
Gamco Investors, Inc. Et Al142,000$6.0M0.1%No change
State Street Corp112,616$4.8M0.0%+6,253
Renaissance Technologies LLC99,704$4.2M0.0%−24,300
Lazard Asset Management LLC93,472$4.0M0.0%−1,741
Vanguard Portfolio Management LLC84,297$3.6M0.0%+5,960
Northern Trust Corp84,138$3.6M0.0%−8,150
Goldman Sachs Group Inc72,704$3.1M0.0%+195
White Pine Capital LLC70,000$3.0M0.7%−65,228
Arrowstreet Capital, Limited Partnership66,798$2.8M0.0%+17,367
Bridgeway Capital Management, LLC57,563$2.4M0.0%−7,000
Invesco Ltd.51,394$2.2M0.0%New
Vanguard Fiduciary Trust Co49,731$2.1M0.0%+2,109
Bank of New York Mellon Corp46,022$1.9M0.0%+1,766
Morgan Stanley45,180$1.9M0.0%−784
Raymond James Financial Inc44,695$1.9M0.0%+1,426
Bnp Paribas Financial Markets43,015$1.8M0.0%+3,864
Ameriprise Financial Inc42,343$1.8M0.0%−3,221
Citadel Advisors LLC42,045$1.8M0.0%+22,584

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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