Is AtriCure, Inc. financially healthy?

AtriCure, Inc. scores 7 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of AtriCure, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), WELLINGTON MANAGEMENT GROUP LLP (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

AtriCure, Inc. (ATRC)

Nasdaq · Common Stock · Surgical & Medical Instruments & Apparatus

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 9

FAILReturn on assets positiveROA -1.7%
PASSOperating cash flow positiveOCF 57M
PASSReturn on assets improving-7.3% → -1.7%
PASSCash flow exceeds earningsOCF 57M vs NI -11M
PASSLong-term debt ratio falling10.2% → 9.5% of assets
PASSCurrent ratio improving3.65 → 3.96
FAILNo share dilution47M → 48M shares
PASSGross margin improving74.7% → 75.0%
PASSAsset turnover improving0.76× → 0.82×

Altman Z-score

10.83safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: -500.8%
Share count change: 1.7%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$206.5M	−$48.2M	−$25.1M	72.3%	42,125,000
FY2021	$274.3M	$50.2M	−$23.5M	75.0%	46,039,000
FY2022	$330.4M	−$46.5M	−$39.0M	74.4%	45,740,000
FY2023	$399.2M	−$30.4M	−$7.5M	75.2%	46,309,000
FY2024	$465.3M	−$44.7M	$745,000	74.7%	46,965,000

Ownership flow

15 institutions tracked — 10 added, 3 reduced, 2 opened a new position.

Institutional holders of AtriCure, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	4,474,548	+431,867	$125.2M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	544,123	+357,741	$15.2M
MORGAN STANLEY	Active fund	457,798	−261,364	$12.8M
FMR LLC	Active fund	506,357	+169,543	$14.2M

Identity

CIK: 0001323885
LEI: 254900B2I6GPHK2EXM59
FIGI: BBG000BL6CB5
SIC: 3841 · Surgical & Medical Instruments & Apparatus
Incorporated: DE
Headquarters: MASON, OH

Ownership

Institutional: 105.8%
Institutions: 359
Insiders: 3.8%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other surgical & medical instruments & apparatus companies

AtriCure, Inc. files under SIC 3841 — all 38 surgical & medical instruments & apparatus companies compared on assets and F-score.

BECTON DICKINSON & COBDX STRYKER CORPSYK BOSTON SCIENTIFIC CORPBSX Medline Inc.MDLN 3M COMMM BAXTER INTERNATIONAL INCBAX

Questions about AtriCure, Inc.

Is AtriCure, Inc. financially healthy?: AtriCure, Inc. scores 7 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of AtriCure, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), WELLINGTON MANAGEMENT GROUP LLP (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.