HYPR on Nasdaq
Hyperfine, Inc.
American electromedical and electrotherapeutic apparatus company. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerHYPR on Nasdaq1
- IndustryElectromedical & Electrotherapeutic Apparatus1
- HeadquartersGuilford, Connecticut1
- Incorporated inDE3
- Business address351 New Whitfield Street, Guilford, Ct 064373
- Filer category, Emerging growth company3
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We are an innovative health technology business with a mission to revolutionize patient care globally through accessible, affordable, clinically relevant artificial intelligence (“AI”)-powered portable ultra-low-field (“ULF”) magnetic resonance (“MR”) brain imaging. Our Swoop® Portable MR Imaging® System (“Swoop® system”) produces high-quality images at a significantly lower magnetic field strength than conventional magnetic resonance imaging (“MRI”) scanners. Our Swoop® system is designed to transform brain MR for the patient, the clinician and the provider, enabling a highly differentiated patient-friendly experience, timely imaging for clinicians, and favorable economics for hospital administrators. The Swoop® system is a portable, ULF MRI device for producing images that display the internal structures of the head where full diagnostic examination is not clinically practical. When in…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 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 84% of the revenue Hyperfine, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $10.4M | $11.4M |
| Service | $2.4M | $2.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue28¢$6.8M
- Research and development72¢$17.5M
Out of $13.6M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total sales | $13.6M | $12.9M |
| Total cost of sales | $6.8M | $7.0M |
| Gross profit | $6.8M | $5.9M |
| Research and development | $17.5M | $22.5M |
| General and administrative | $16.3M | $17.5M |
| Sales and marketing | $10.1M | $9.1M |
| Total operating expenses | $43.8M | $49.1M |
| Loss from operations | -$37.1M | -$43.2M |
| Interest income | $1.0M | $2.5M |
| Change in fair value of warrant liabilities | $825.0K | $0 |
| Other income (expense), net | -$337.0K | $12.0K |
| Loss before provision for income taxes | -$35.6M | -$40.7M |
| Provision for income taxes | $0 | $0 |
| Net loss and comprehensive loss | -$35.6M | -$40.7M |
| Net loss per common share attributable to common stockholders, basic | -$0.43 | -$0.56 |
| Net loss per common share attributable to common stockholders, diluted | -$0.43 | -$0.56 |
| Weighted-average shares used to compute net loss per share attributable to common stockholders, basic | 81.8M shares | 72.4M shares |
| Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted | 81.8M shares | 72.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $35.1M | $37.6M | |||
| Restricted cash | $957.0K | $28.0K | |||
| Accounts receivable, less allowance of $1,372 and $651 in 2025 and 2024, respectively | $5.3M | $6.0M | |||
| Unbilled receivables | $1.3M | $2.3M | |||
| Inventory | $7.1M | $5.8M | |||
| Prepaid expenses and other current assets | $1.3M | $1.9M | |||
| Total current assets | $50.9M | $53.7M | |||
| Property and equipment, net | $2.5M | $3.1M | |||
| Other long term assets | $1.8M | $2.1M | |||
| Total assets | $55.3M | $58.9M | |||
| Accounts payable | $4.1M | $1.6M | |||
| Deferred grant funding | $957.0K | $28.0K | $4.9M | $4.9M | |
| Deferred revenue | $1.5M | $1.5M | |||
| Accrued expenses and other current liabilities | $5.1M | $5.6M | |||
| Total current liabilities | $11.7M | $8.7M | |||
| Warrant liabilities | $1.7M | $0 | |||
| Long term deferred revenue | $729.0K | $1.1M | |||
| Other noncurrent liabilities | $66.0K | $78.0K | |||
| Total liabilities | $14.3M | $9.9M | |||
| Additional paid-in capital | $371.0M | $343.5M | |||
| Accumulated deficit | -$330.0M | -$294.4M | |||
| Total stockholders' equity | $41.0M | $49.0M | $84.4M | ||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $55.3M | $58.9M | |||
| Allowance for doubtful accounts receivable | $1.4M | $651.0K |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $35.1M | $37.6M | |||
| Restricted cash | $957.0K | $28.0K | |||
| Accounts receivable, less allowance of $1,372 and $651 in 2025 and 2024, respectively | $5.3M | $6.0M | |||
| Unbilled receivables | $1.3M | $2.3M | |||
| Inventory | $7.1M | $5.8M | |||
| Prepaid expenses and other current assets | $1.3M | $1.9M | |||
| Total current assets | $50.9M | $53.7M | |||
| Property and equipment, net | $2.5M | $3.1M | |||
| Other long term assets | $1.8M | $2.1M | |||
| Total assets | $55.3M | $58.9M | |||
| Accounts payable | $4.1M | $1.6M | |||
| Deferred grant funding | $957.0K | $28.0K | $4.9M | $4.9M | |
| Deferred revenue | $1.5M | $1.5M | |||
| Accrued expenses and other current liabilities | $5.1M | $5.6M | |||
| Total current liabilities | $11.7M | $8.7M | |||
| Warrant liabilities | $1.7M | $0 | |||
| Long term deferred revenue | $729.0K | $1.1M | |||
| Other noncurrent liabilities | $66.0K | $78.0K | |||
| Total liabilities | $14.3M | $9.9M | |||
| Additional paid-in capital | $371.0M | $343.5M | |||
| Accumulated deficit | -$330.0M | -$294.4M | |||
| Total stockholders' equity | $41.0M | $49.0M | $84.4M | ||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $55.3M | $58.9M | |||
| Allowance for doubtful accounts receivable | $1.4M | $651.0K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$35.6M | -$40.7M |
| Depreciation | $1.1M | $1.0M |
| Stock-based compensation expense | $2.8M | $4.4M |
| Write-off of equipment | $121.0K | $215.0K |
| Change in fair value of warrant liabilities | -$825.0K | $0 |
| Other | $27.0K | -$11.0K |
| Accounts receivable | $702.0K | -$2.8M |
| Unbilled receivables | $1.1M | -$1.4M |
| Inventory | -$1.5M | $562.0K |
| Prepaid expenses and other current assets | $436.0K | -$222.0K |
| Prepaid inventory | $0 | $693.0K |
| Other long term assets | $240.0K | $325.0K |
| Accounts payable | $2.4M | $382.0K |
| Deferred grant funding | $929.0K | -$593.0K |
| Deferred revenue | -$241.0K | $93.0K |
| Due to related parties | -$11.0K | $0 |
| Accrued expenses and other current liabilities | $332.0K | -$683.0K |
| Operating lease liabilities, net | -$8.0K | -$5.0K |
| Net cash used in operating activities | -$27.9M | -$38.8M |
| Purchases of property and equipment | -$1.2M | -$383.0K |
| Net cash used in investing activities | -$1.2M | -$383.0K |
| Proceeds from exercise of stock options | $156.0K | $171.0K |
| Proceeds from issuance of Class A common stock in connection with warrant exercises | $337.0K | $0 |
| Net cash provided by financing activities | $27.5M | $1.0M |
| Net decrease in cash and cash equivalents and restricted cash | -$1.6M | -$38.1M |
| Noncash acquisition of property and equipment | $217.0K | $765.0K |
| Unpaid purchase of property and equipment | $31.0K | $0 |
| Initial measurement of warrant liabilities | $2.9M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Hyperfine, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerChristopher Jon Gaulin Jan 26, 2021 to Jan 26, 202113
- PresidentGeorge C. Petrocheilos Jan 27, 2021 to Jan 27, 202114
- Chief financial officerBrett Hale May 20, 2025 to now15
- Chief financial officerChristine Clarke Jan 26, 2021 to Jan 26, 202116
- Chief financial officerAlok Gupta Dec 23, 2021 to Feb 17, 202317
- Chief operating officerThomas Teisseyre Jul 24, 2023 to now18
Board members and other officers (15)
- Chief Administrative OfficerBrett Hale Feb 15, 2023 to Mar 28, 202419
- CMO and Chief Strategy OfficerKhan Siddiqui Dec 23, 2021 to Aug 17, 202320
- Gen Counsel & Corp SecretaryNeela Paykel Dec 23, 2021 to Nov 16, 202221
- Chief Commercial OfficerScott A. White Dec 23, 2021 to Mar 31, 202222
- Board memberAvi Daniel Horev Jan 26, 2021 to Jan 26, 202123
- Board memberChristopher Jon Gaulin Jan 26, 2021 to Jan 26, 202113
- Board memberChristopher Lee Wolfgang Jan 26, 2021 to Jan 26, 202124
- Board memberJoseph Patrick Healey Jan 26, 2021 to Jan 26, 202125
- Board memberKenan Kent Turnacioglu Jan 26, 2021 to Jan 26, 202126
- Board memberMichael Neil Weinstein Jan 26, 2021 to Jan 26, 202127
- Board memberTaylor C. Harris Jan 26, 2021 to Jan 26, 202128
- Board memberDan Wolterman Dec 23, 2021 to now29
- Board memberJohn T. Dahldorf Dec 23, 2021 to now30
- Board memberR. Scott Huennekens Dec 23, 2021 to Jun 12, 202431
- Board memberRuth A. Fattori Dec 23, 2021 to now32
Former names
- HealthCor Catalio Acquisition Corp.Dec 9, 2020 to Dec 22, 20213
Timeline
- Jan 26, 2021New chief executive Christopher Jon Gaulin becomes CEO13
Filings
320 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 65 major events, 134 insider forms, 9 large holders, 92 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- Jun 4, 20264 EDGAR
- May 27, 20264 EDGAR
- May 27, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 21, 2026EFFECT EDGAR
- May 21, 20268-K EDGAR
- May 19, 2026CORRESP EDGAR
- May 18, 2026UPLOAD EDGAR
- May 12, 2026S-3 EDGAR
- May 12, 202610-Q EDGAR
The 320 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
47 open-market trades by officers, directors and large owners since October 2021: 17 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | TEISSEYRE THOMASChief Operating Officer | Sale | 7,345 | $0.85 | $6.2K | Form 4 |
| Aug 24, 2026 | HALE BRETTCFO and CAO | Sale | 7,345 | $0.85 | $6.2K | Form 4 |
| May 26, 2026 | HALE BRETTCFO and CAO | Sale | 6,047 | $1.65 | $10.0K | Form 4 |
| May 26, 2026 | TEISSEYRE THOMASChief Operating Officer | Sale | 6,047 | $1.65 | $10.0K | Form 4 |
| Mar 23, 2026 | TEISSEYRE THOMASChief Operating Officer | Sale | 24,188 | $1.21 | $29.3K | Form 4 |
| Mar 23, 2026 | HALE BRETTCFO and CAO | Sale | 24,188 | $1.21 | $29.3K | Form 4 |
| Feb 13, 2026 | TEISSEYRE THOMASChief Operating Officer | Sale | 821 | $1.11 | $911 | Form 4 |
| Nov 19, 2025 | TEISSEYRE THOMASChief Operating Officer | Sale | 1,405 | $1.08 | $1.5K | Form 4 |
| Aug 18, 2025 | TEISSEYRE THOMASChief Operating Officer | Sale | 1,151 | $1.33 | $1.5K | Form 4 |
| May 16, 2025 | TEISSEYRE THOMASChief Operating Officer | Sale | 2,776 | $0.58 | $1.6K | Form 4 |
| Feb 20, 2025 | TEISSEYRE THOMASChief Operating Officer | Sale | 3,238 | $1.08 | $3.5K | Form 4 |
| Feb 18, 2025 | TEISSEYRE THOMASChief Operating Officer | Sale | 3,237 | $1.20 | $3.9K | Form 4 |
| Nov 18, 2024 | TEISSEYRE THOMASChief Operating Officer | Sale | 2,800 | $0.85 | $2.4K | Form 4 |
| Aug 16, 2024 | TEISSEYRE THOMASChief Operating Officer | Sale | 2,746 | $1.05 | $2.9K | Form 4 |
| May 16, 2024 | TEISSEYRE THOMASChief Operating Officer | Sale | 2,753 | $0.88 | $2.4K | Form 4 |
| Feb 16, 2024 | TEISSEYRE THOMASChief Operating Officer | Sale | 3,230 | $1.11 | $3.6K | Form 4 |
| Nov 16, 2023 | TEISSEYRE THOMASChief Operating Officer | Sale | 2,655 | $1.26 | $3.3K | Form 4 |
| Aug 16, 2023 | TEISSEYRE THOMASChief Operating Officer | Sale | 2,785 | $2.26 | $6.3K | Form 4 |
| Aug 16, 2023 | Siddiqui KhanCMO and Chief Strategy Officer | Sale | 1,729 | $2.26 | $3.9K | Form 4 |
| May 16, 2023 | Siddiqui KhanCMO and Chief Strategy Officer | Sale | 1,735 | $1.25 | $2.2K | Form 4 |
All 47 trades can be filtered by person here when JavaScript is on.
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.
- BlackRockSCHEDULE 13G, 1 filing Jul 28, 202633
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Jan 30, 202634
- HC Sponsor LLCSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202335
- Jonathan M. RothbergSC 13D/A, 2 filings Dec 30, 2021 to Dec 7, 202236
- Empyrean Capital Partners, LPSC 13G/A, 1 filing Feb 10, 202237
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 81. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 4,673,087 | $6.3M | 0.0% | +4,098,184 |
| Vanguard Capital Management LLC | 3,380,087 | $4.6M | 0.0% | −73,076 |
| Geode Capital Management, LLC | 1,960,811 | $2.6M | 0.0% | +1,005,551 |
| Fosun International Ltd | 1,742,020 | $2.4M | 0.5% | No change |
| Catalio Capital Management, LP | 1,320,041 | $1.8M | 0.3% | No change |
| State Street Corp | 1,016,970 | $1.4M | 0.0% | +692,900 |
| Renaissance Technologies LLC | 945,836 | $1.3M | 0.0% | +215,603 |
| Alphabet Inc. | 898,720 | $1.2M | 0.0% | No change |
| Northern Trust Corp | 633,054 | $854.6K | 0.0% | +455,686 |
| Vanguard Fiduciary Trust Co | 567,109 | $765.6K | 0.0% | +40,403 |
| Vanguard Portfolio Management LLC | 547,200 | $738.7K | 0.0% | New |
| Marshall Wace, Llp | 342,116 | $461.9K | 0.0% | New |
| Two Sigma Investments, LP | 325,999 | $440.1K | 0.0% | New |
| Isthmus Partners, LLC | 313,350 | $423.0K | 0.0% | No change |
| Bank of New York Mellon Corp | 310,405 | $419.0K | 0.0% | +171,442 |
| Gwn Securities Inc. | 274,677 | $370.8K | 0.1% | New |
| Charles Schwab Investment Management Inc | 190,235 | $256.8K | 0.0% | New |
| HighTower Advisors, LLC | 186,737 | $252.1K | 0.0% | No change |
| Bridgeway Capital Management, LLC | 128,400 | $173.3K | 0.0% | +8,700 |
| Nuveen, LLC | 102,831 | $138.8K | 0.0% | New |
| Cerity Partners LLC | 85,000 | $114.8K | 0.0% | +5,000 |
| Deutsche Bank Ag\ | 78,220 | $105.6K | 0.0% | New |
| Wells Fargo & Company/mn | 73,992 | $99.9K | 0.0% | +71,411 |
| Tortoise Investment Management, LLC | 72,000 | $97.2K | 0.0% | No change |
| Centiva Capital, LP | 63,035 | $85.1K | 0.0% | +38,087 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARHyperfine, Inc. filings on SEC EDGAR
- 2SEC EDGARHyperfine, Inc. 10-K for fiscal 2025
- 3SEC EDGARHyperfine, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARHyperfine, Inc. 10-K for fiscal 2020
- 6SEC EDGARHyperfine, Inc. 10-K for fiscal 2021
- 7SEC EDGARHyperfine, Inc. 10-K for fiscal 2022
- 8SEC EDGARHyperfine, Inc. 10-K for fiscal 2023
- 9SEC EDGARHyperfine, Inc. 10-Q for fiscal 2025
- 10SEC EDGARHyperfine, Inc. 10-Q for fiscal 2025
- 11SEC EDGARHyperfine, Inc. 10-Q for fiscal 2026
- 12SEC EDGARHyperfine, Inc. 10-Q for fiscal 2025
- 13
- 14SEC EDGARGeorge C. Petrocheilos, President
- 15SEC EDGARBrett Hale, Chief financial officer
- 16
- 17SEC EDGARAlok Gupta, Chief financial officer
- 18
- 19
- 20
- 21
- 22
- 23SEC EDGARAvi Daniel Horev, Board member
- 24
- 25SEC EDGARJoseph Patrick Healey, Board member
- 26SEC EDGARKenan Kent Turnacioglu, Board member
- 27SEC EDGARMichael Neil Weinstein, Board member
- 28SEC EDGARTaylor C. Harris, Board member
- 29SEC EDGARDan Wolterman, Board member
- 30SEC EDGARJohn T. Dahldorf, Board member
- 31SEC EDGARR. Scott Huennekens, Board member
- 32SEC EDGARRuth A. Fattori, Board member
- 33
- 34
- 35
- 36
- 37