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Companies / Health Care / TriSalus Life Sciences, Inc.
TLSI

TriSalus Life Sciences, Inc.

Health CareSurgical & Medical Instruments
Ticker TLSIWESTMINSTER, COFiscal year ends DecemberBook value per share $0.12Diluted shares 54.9M

TriSalus Life Sciences, Inc. (Nasdaq: TLSI) is an oncology-focused medical technology company developing pressure-enabled delivery technology and therapies for solid tumors. Its Pressure-Enabled Drug Delivery (PEDD) platform modulates vascular pressure and flow to improve delivery of therapeutics into tumors while… From the company’s description.

Over the twelve months to Jun 30, 2026, TriSalus Life Sciences, Inc. reported revenue of $45.08M, up 25.2% from a year earlier, and a net loss of $28.21M. Its operating margin was −67.7%, and operations used $22.80M in cash. In fiscal 2025, it reported revenue of $45.15M, up 53.4% from fiscal 2024, and a net loss of $39.23M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$45.15MFY2025
+53.4% year over year
Last 12 mo $45.08M
-59.68%FY2025
+63.2 percentage points
Last 12 mo -67.68%
$-39.23MFY2025
−30.6% year over year
Last 12 mo $-28.21M
115.85%FY2025
−0.2 percentage points
Last 12 mo -430.72%
Cash & financing
$-18.01MFY2025
+55.9% year over year
Last 12 mo $-22.80M
$-18.93MFY2025
+54.0% year over year
Last 12 mo $-23.28M
-0.98FY2025
Was -0.85× a year earlier
Last 12 mo 5.05
37.9MFY2025
+49.6% year over year
Last 12 mo 54.9M

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 TriSalus Life Sciences, Inc. does

In the company’s own words

TriSalus Life Sciences, Inc. (Nasdaq: TLSI) is an oncology-focused medical technology company developing pressure-enabled delivery technology and therapies for solid tumors. Its Pressure-Enabled Drug Delivery (PEDD) platform modulates vascular pressure and flow to improve delivery of therapeutics into tumors while limiting off-target distribution. The company’s principal commercial product, the FDA-cleared TriNav Infusion System, is used by interventional radiologists in procedures including transarterial radioembolization and chemoembolization, mainly for primary liver cancer and liver metastases; customers include hospitals and ambulatory surgery centers. TriSalus also markets TriNav for selected non-malignant embolization procedures and has developed the FDA-cleared but not yet commercialized PRVI device for pancreatic tumor infusion. Its investigational drug nelitolimod, a TLR9 agonist, is being studied with PEDD in liver and pancreatic cancers. The company reports one business centered on its medical technology and therapeutic platform. TriNav generated $45.2 million in revenue in 2025, and PEDD had been used in more than 31,000 procedures. TriSalus acquired worldwide rights to nelitolimod from Dynavax in 2020. Its website is https://trisaluslifesci.com.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
WESTMINSTER, CO
Fiscal year end
December
CIK
1826667
SIC
3841

Financial performance, year by year

Fiscal 2021–2025 · USD
$-69.46M$-38.20M$-6.94M$24.31M$55.57M20212022202320242025Last 12 moLast 12 monthsLast 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 TriSalus Life Sciences, Inc. — and what changed

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

74
funds hold it
0 of 35
superinvestors hold it
$22.70M
held by funds, at market
8.4%
of shares held by funds

Largest fund holders · TriSalus Life Sciences, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem 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

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