NEUROPACE, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 99.99M, using the latest reported figures. The previous period, 2024, was about USD 79.91M.

Watchlist

Latest quarter

Revenue

22.8 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-22.53%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -5143000 USD Source
  • Revenue: 22826000 USD Source

Operating cash flow

-3.9 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -9800000 USD Source
  • Operating Cash Flow: -5900000 USD Source

Free cash flow

-4.03 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -9800000 USD Source
  • Operating Cash Flow: -5900000 USD Source
  • Capital Expenditure: 242000 USD Source
  • Capital Expenditure: 117000 USD Source
Cash and cash equivalents
12.5 million USD Source
Exact value

12538000 USD

Long-term debt including current maturities
Not available
Shares outstanding
34.3 million shares Source
Exact value

34282567 shares

Reported share-count change

3.75% · 1.24 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 33044371 shares · 2025-06-30· Source
  • 34282567 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

98.8 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 27354000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 99986000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 73398000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 22068000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 22826000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-19.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -3496000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -21465000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -18736000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -6689000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -6200000 USD · 2026-04-01 – 2026-06-30 Source

Capital expenditure

369 thousand USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 235000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 205000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 332000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 235000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 117000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 242000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 117000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-11.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +25.1%

    Prior period

    USD 79.91 million

    –

    Current period

    USD 99.99 million

    –

    Exact inputs and evidence

    99986000 − 79906000 = 20080000 USD

    79906000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    99986000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +USD 5.68 million

    Prior period

    −USD 27.14 million

    –

    Current period

    −USD 21.47 million

    –

    Exact inputs and evidence

    -21465000 − -27141000 = 5676000 USD

    -27141000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -21465000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +USD 6.9 million

    Prior period

    −USD 17.9 million

    –

    Current period

    −USD 11 million

    –

    Exact inputs and evidence

    -11000000 − -17900000 = 6900000 USD

    -17900000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -11000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +8.5%

    Prior period

    USD 306,000

    –

    Current period

    USD 332,000

    –

    Exact inputs and evidence

    332000 − 306000 = 26000 USD

    306000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    332000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 99.99 million 100% of revenue
  • Cost of revenue USD 22.77 million 23% of revenue
  • Operating expenses USD 93.56 million 94% of revenue
  • Operating income −USD 16.34 million −16% of revenue
  • Tax, interest and other Derived USD 5.13 million 5.1% of revenue
  • Net income −USD 21.47 million −21% of revenue

Cash

  • Operating cash flow −USD 11 million −11% of revenue
  • Capital expenditure USD 332,000 0.3% of revenue
  • Free cash flow Derived −USD 11.33 million −11% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Operating loss: operating costs were 132% of revenue.
  • 2021 Operating loss: operating costs were 153% of revenue.
  • 2022 Operating loss: operating costs were 190% of revenue.
  • 2023 Operating loss: operating costs were 142% of revenue.
  • 2024 Operating loss: operating costs were 127% of revenue.
  • 2025 Operating loss: operating costs were 116% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-3141138000 54189000 Derived -13051000 11227000 Derived -24278000 -21662000 Derived
Source
2021 2021-01-01 – 2021-12-3145183000 68920000 Derived -23737000 12343000 Derived -36080000 -24984000 Derived
Source
2022 2022-01-01 – 2022-12-3145520000 86314000 Derived -40794000 6288000 Derived -47082000 -37503000 Derived
Source
2023 2023-01-01 – 2023-12-3165421000 92595000 Derived -27174000 5782000 Derived -32956000 -19873000 Derived
Source
2024 2024-01-01 – 2024-12-3179906000 101577000 Derived -21671000 5470000 Derived -27141000 -18206000 Derived
Source
2025 2025-01-01 – 2025-12-3199986000 116324000 Derived -16338000 5127000 Derived -21465000 -11332000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 100M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.108.0M81.0M54.0M27.0M0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue41138000
2021Revenue45183000
2022Revenue45520000
2023Revenue65421000
2024Revenue79906000
2025Revenue99986000

Revenue growth

Change in revenue from the same financial period one year earlier.

25.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.47%35%24%12%0%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year9.8%
2022Year over year0.7%
2023Year over year43.7%
2024Year over year22.1%
2025Year over year25.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -16.3% 2025
Net margin -21.5% 2025
Free cash flow margin -11.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8%-22%-52%-82%-112%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin-31.7%
2021Operating margin-52.5%
2022Operating margin-89.6%
2023Operating margin-41.5%
2024Operating margin-27.1%
2025Operating margin-16.3%
2020Net margin-59%
2021Net margin-79.9%
2022Net margin-103.4%
2023Net margin-50.4%
2024Net margin-34%
2025Net margin-21.5%
2020Free cash flow margin-52.7%
2021Free cash flow margin-55.3%
2022Free cash flow margin-82.4%
2023Free cash flow margin-30.4%
2024Free cash flow margin-22.8%
2025Free cash flow margin-11.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -11M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0M-7.7M-18.5M-29.2M-39.9M202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow-21600000
2021Operating cash flow-24600000
2022Operating cash flow-36900000
2023Operating cash flow-19700000
2024Operating cash flow-17900000
2025Operating cash flow-11000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -11.3M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0M-7.9M-18.8M-29.6M-40.5M202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow-21662000
2021Free cash flow-24984000
2022Free cash flow-37503000
2023Free cash flow-19873000
2024Free cash flow-18206000
2025Free cash flow-11332000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

82% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.120%90%60%30%0%202020232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets111.5%
2021Liabilities / assets45%
2022Liabilities / assets69.5%
2023Liabilities / assets80.8%
2024Liabilities / assets91.5%
2025Liabilities / assets82%

Current assets to current liabilities

Current assets divided by current liabilities.

5.28× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15.42×11.57×7.71×3.86×0.00×202020232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities5.69×
2021Current assets / current liabilities14.28×
2022Current assets / current liabilities8.9×
2023Current assets / current liabilities5.71×
2024Current assets / current liabilities5.37×
2025Current assets / current liabilities5.28×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
−USD 24.28 million
Exact value

Exact value: -24278000 USD

2020-01-01 – 2020-12-31: -24278000 USD Inspect Net Income Open source
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−USD 21.6 million
Exact value

Exact value: -21600000 USD

2020-01-01 – 2020-12-31: -21600000 USD Inspect Operating Cash Flow Open source
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USD 62,000
Exact value

Exact value: 62000 USD

2020-01-01 – 2020-12-31: 62000 USD Inspect Capital Expenditure Open source
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−USD 21.66 million
Calculation and evidence

-21600000 − 62000 USD

Exact free cash flow: -21662000 USD

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2021 2021-01-01 – 2021-12-31
−USD 36.08 million
Exact value

Exact value: -36080000 USD

2021-01-01 – 2021-12-31: -36080000 USD Inspect Net Income Open source
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−USD 24.6 million
Exact value

Exact value: -24600000 USD

2021-01-01 – 2021-12-31: -24600000 USD Inspect Operating Cash Flow Open source
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USD 384,000
Exact value

Exact value: 384000 USD

2021-01-01 – 2021-12-31: 384000 USD Inspect Capital Expenditure Open source
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−USD 24.98 million
Calculation and evidence

-24600000 − 384000 USD

Exact free cash flow: -24984000 USD

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2022 2022-01-01 – 2022-12-31
−USD 47.08 million
Exact value

Exact value: -47082000 USD

2022-01-01 – 2022-12-31: -47082000 USD Inspect Net Income Open source
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−USD 36.9 million
Exact value

Exact value: -36900000 USD

2022-01-01 – 2022-12-31: -36900000 USD Inspect Operating Cash Flow Open source
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USD 603,000
Exact value

Exact value: 603000 USD

2022-01-01 – 2022-12-31: 603000 USD Inspect Capital Expenditure Open source
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−USD 37.5 million
Calculation and evidence

-36900000 − 603000 USD

Exact free cash flow: -37503000 USD

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2023 2023-01-01 – 2023-12-31
−USD 32.96 million
Exact value

Exact value: -32956000 USD

2023-01-01 – 2023-12-31: -32956000 USD Inspect Net Income Open source
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−USD 19.7 million
Exact value

Exact value: -19700000 USD

2023-01-01 – 2023-12-31: -19700000 USD Inspect Operating Cash Flow Open source
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USD 173,000
Exact value

Exact value: 173000 USD

2023-01-01 – 2023-12-31: 173000 USD Inspect Capital Expenditure Open source
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−USD 19.87 million
Calculation and evidence

-19700000 − 173000 USD

Exact free cash flow: -19873000 USD

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2024 2024-01-01 – 2024-12-31
−USD 27.14 million
Exact value

Exact value: -27141000 USD

2024-01-01 – 2024-12-31: -27141000 USD Inspect Net Income Open source
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−USD 17.9 million
Exact value

Exact value: -17900000 USD

2024-01-01 – 2024-12-31: -17900000 USD Inspect Operating Cash Flow Open source
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USD 306,000
Exact value

Exact value: 306000 USD

2024-01-01 – 2024-12-31: 306000 USD Inspect Capital Expenditure Open source
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−USD 18.21 million
Calculation and evidence

-17900000 − 306000 USD

Exact free cash flow: -18206000 USD

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2025 2025-01-01 – 2025-12-31
−USD 21.47 million
Exact value

Exact value: -21465000 USD

2025-01-01 – 2025-12-31: -21465000 USD Inspect Net Income Open source
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−USD 11 million
Exact value

Exact value: -11000000 USD

2025-01-01 – 2025-12-31: -11000000 USD Inspect Operating Cash Flow Open source
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USD 332,000
Exact value

Exact value: 332000 USD

2025-01-01 – 2025-12-31: 332000 USD Inspect Capital Expenditure Open source
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−USD 11.33 million
Calculation and evidence

-11000000 − 332000 USD

Exact free cash flow: -11332000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

25 filings · 1,907 latest values · 1,907 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001528287, 1528287, NPCE, edgar:1528287

Also known as NEUROPACE, INC., NeuroPace Inc