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Neuropace, Inc.

NPCE

Neuropace is a medical technology company that develops and commercializes the RNS System, the first brain-responsive neuromodulation system for treating drug-resistant epilepsy.

Market cap
$483.97M+47.9%
Revenue$98.8M+16.9%
Net income-$19.1M+26.3%
Free cash flow-$12.0M+26.9%
EPS (diluted)-$0.57+31.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$27.1M
EPS estimate-$0.11

Financials

Q2 2026

Income statement

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Revenue$22.8M+17.1%
Gross profit$18.9M+16.6%
Operating income-$5.1M+37.2%
Net income-$6.2M+28.3%
EPS (diluted)-$0.18+30.8%

Balance sheet

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Cash & equivalents$12.8M-44.4%
Total debt$69.9M-2.2%
Total equity$11.9M-38.9%
Total assets$97.0M-8.6%

Cash flow

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Operating cash flow-$3.9M-87.1%
CapEx$125.0K-25.6%
Free cash flow-$4.0M-78.7%

Valuation & ratios

Valuation

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Market cap$489.12M+47.9%
Enterprise value$546.27M+44.0%
P/S+1.0×

Profitability

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Gross margin79.6%+2.6pp
Operating margin-15.3%-4.3pp
Net margin-19.3%-5.2pp
FCF margin-12.2%-3.3pp

Returns & leverage

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Return on equity-122.1%-28.9pp
Debt / equity5.9×+2.2×
Current ratio4.9×-0.5×

Competitors

Profile

Neuropace is a medical technology company that develops and commercializes the RNS System, the first brain-responsive neuromodulation system for treating drug-resistant epilepsy. The system utilizes a closed-loop technology that monitors brain activity in real-time, detects patient-specific abnormal electrical patterns, and delivers targeted electrical pulses to prevent seizures. By combining personalized therapy with continuous data collection, the company provides clinicians with insights for remote patient monitoring and optimized treatment decisions.

Competitive position

Neuropace holds a unique position as the provider of the only commercially available closed-loop, brain-responsive neuromodulation system that records continuous iEEG data.

GeographiesUnited States
Customer segmentsSpecialized Medical Centers, Surgical Facilities
Business modelMedical Device Sales, Recurring Replacement Revenue
SuppliersSpecialized electronic component manufacturers, Medical-grade battery suppliers, Biocompatible material providers
CustomersLevel 4 Comprehensive Epilepsy Centers, Functional neurosurgeons, Adult patients with drug-resistant focal epilepsy, Commercial health insurers, Medicare and Medicaid
Listed2021
Employees181.0
CEOJoel D. Becker
FilingsSEC EDGAR

FAQ

What is Neuropace, Inc.'s market cap?
Neuropace, Inc. (NPCE) has a market capitalization of $484.0M and trades on NASDAQ.
What is Neuropace, Inc.'s revenue and profitability?
Neuropace, Inc. generated $98.8M in trailing twelve-month revenue with a net loss of $19.1M, representing a net margin of -19.3%. Gross margin stands at 79.6%, with free cash flow of -$12.0M. The latest reported period is Q2 2026.
Who are Neuropace, Inc.'s competitors?
Neuropace, Inc.'s key competitors include LivaNova, Medtronic, Neuraxis, Inc., and others. These companies compete in similar markets and product categories.
Where is Neuropace, Inc. headquartered?
Neuropace, Inc. is headquartered in United States of America and employs approximately 181 people. It has been publicly traded since 2021.