10x Insights
Loading account…
Companies / Health Care / Modular Medical, Inc.
MODD

Modular Medical, Inc.

Health CareSurgical & Medical Instruments
Ticker MODDSAN DIEGO, CAFiscal year ends MarchBook value per share $1.97Diluted shares 5.5M

Modular Medical, Inc. (Nasdaq: MODD) designs, develops and commercializes insulin pumps for people with Type 1 and insulin-requiring Type 2 diabetes. Its Pivot system is a removable, tubeless patch pump with a reusable pump and disposable cartridge and infusion set, designed to deliver continuous basal insulin and… From the company’s description.

In fiscal 2025, Modular Medical, Inc. reported a net loss of $28.24M. Operations used $23.75M in cash.

Fiscal year 2025 · ends 03-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-28.24MFY2025
−50.0% year over year
Last 12 mo $-28.03M
-217.93%FY2025
−107.7 percentage points
Last 12 mo -260.37%
Cash & financing
$-23.75MFY2025
−51.1% year over year
Last 12 mo $-24.35M
$-27.68MFY2025
−52.0% year over year
Last 12 mo $-28.04M
—
2.3MFY2025
−93.8% year over year
Last 12 mo 5.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Modular Medical, Inc. does

In the company’s own words

Modular Medical, Inc. (Nasdaq: MODD) designs, develops and commercializes insulin pumps for people with Type 1 and insulin-requiring Type 2 diabetes. Its Pivot system is a removable, tubeless patch pump with a reusable pump and disposable cartridge and infusion set, designed to deliver continuous basal insulin and user-initiated mealtime boluses. The company focuses on patients who have not adopted pumps because of cost, complexity or usability barriers, as well as users dissatisfied with existing devices. Pivot received U.S. FDA clearance in April 2026, and the company began commercial shipments in June 2026; it does not intend to commercialize its earlier MODD1 pump. Modular Medical uses Phillips Medisize for manufacturing operations and plans to sell through distributors and a small direct sales force, targeting clinicians and diabetes educator practices. It also plans to pursue international markets following anticipated European CE marking. As of June 2026, the company held eight U.S. utility patents and six foreign patents. Its website is PivotPump.com.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
SAN DIEGO, CA
Fiscal year end
March
CIK
1074871
SIC
3841

Financial performance, year by year

Fiscal 2012–2025 · USD
$-31.07M$-22.59M$-14.12M$-5.65M$2.82M201220132014201520162016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Modular Medical, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

6
funds hold it
0 of 35
superinvestors hold it
$0.55M
held by funds, at market
1.5%
of shares held by funds

Largest fund holders · Modular Medical, Inc.’s weight in each

VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Nasdaq Composite Index Fund
FNCMX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Modular Medical, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Modular Medical, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Modular Medical, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.