The gross profit for the fourth quarter was $2.69 million, reflecting a gross margin of 51%, an improvement from 36% in the prior year. Hyperfine's net loss for the quarter was $5.91 million, or $0.06 per share, a significant reduction from a net loss of $10.39 million, or $0.14 per share, in Q4 2024. The latest results include a gain of $1.46 million from the change in fair value of warrant liabilities.
For the full year 2025, Hyperfine reported total revenues of $13.56 million, a 5.2% increase from $12.89 million in 2024. The company sold a total of 38 Swoop® systems in 2025, compared to 48 in 2024. The gross profit for the year was $6.75 million, with a gross margin of 50%, up from 46% in the previous year. The net loss for 2025 was $35.57 million, equating to a net loss of $0.43 per share, compared to a net loss of $40.72 million, or $0.56 per share, in 2024.
Hyperfine's cash and cash equivalents stood at $35.09 million as of December 31, 2025. The company has also secured a $40 million senior secured term loan facility in March 2026, with initial funding of $15 million and an additional $25 million available upon achieving certain commercial milestones. This financial backing, along with a recent equity public offering that raised over $20 million, positions Hyperfine for continued growth and operational expansion.
Looking ahead, Hyperfine expects revenue for the full year 2026 to be approximately $20 to $22 million, representing a 55% growth at the midpoint compared to 2025. Management anticipates a cash burn of approximately $26 to $28 million for the year, reflecting a 10% decline at the midpoint compared to 2025. The company will host a conference call on March 18, 2026, to discuss these results and provide further insights into its business strategy and outlook.
