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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
$578.57M+73.5%
Revenue$99.5M+18.1%
Net income-$21.6M+13.1%
Free cash flow-$10.2M+43.5%
EPS (diluted)-$0.65+21.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (in a month)
Revenue estimate$22.6M
EPS estimate-$0.19

Financials

Q1 2026

Income statement

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Revenue$22.1M-2.0%
Gross profit$18.0M+4.1%
Operating income-$5.6M-8.2%
Net income-$6.7M-1.5%
EPS (diluted)-$0.20+4.8%

Balance sheet

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Cash & equivalents$15.6M-42.4%
Total debt$70.5M-3.7%
Total equity$14.5M-40.4%
Total assets$98.9M-10.3%

Cash flow

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Operating cash flow-$5.9M+21.1%
CapEx$117.0K+216%
Free cash flow-$6.0M+20.0%

Valuation & ratios

Valuation

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Market cap$578.57M+73.5%
Enterprise value$633.4M+65.1%
P/S5.8×+2.0×

Profitability

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Gross margin78.3%+3.5pp
Operating margin-16.8%-3.5pp
Net margin-21.7%-4.5pp
FCF margin-10.3%-3.5pp

Returns & leverage

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Return on equity-111.4%-13.1pp
Debt / equity4.9×+1.9×
Current ratio5.4×-1.2×

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

Questions, answered.

What is Neuropace, Inc.'s market cap?
Neuropace, Inc. (NPCE) has a market capitalization of $578.6M and trades on NASDAQ.
What is Neuropace, Inc.'s revenue and profitability?
Neuropace, Inc. generated $99.5M in trailing twelve-month revenue with a net loss of $21.6M, representing a net margin of -21.7%. Gross margin stands at 78.3%, with free cash flow of -$10.2M. These figures are based on the Q1 2026 filing.
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.