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Treace Medical Concepts, Inc.

TMCI

Treace Medical Concepts is a medical technology company focused on advancing the standard of care for surgical management of bunion and midfoot deformities.

Market cap
$264.68M-24.0%
Revenue$207.3M-1.7%
Net income-$61.0M-15.2%
Free cash flow-$26.0M+29.8%
EPS (diluted)-$0.96-12.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 7, 2026 (In 1 week)
Revenue estimate$44.0M
EPS estimate-$0.30

Financials

Q1 2026

Income statement

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Revenue$47.2M-10.2%
Gross profit$37.4M-10.7%
Operating income-$17.2M-10.2%
Net income-$18.0M-12.8%
EPS (diluted)-$0.28-12.0%

Balance sheet

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Cash & equivalents$9.5M-28.6%
Total debt$71.6M+3.2%
Total equity$77.2M-26.7%
Total assets$184.1M-10.6%

Cash flow

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Operating cash flow$7.2M+72.5%
CapEx$3.1M-13.6%
Free cash flow$4.2M+538%

Valuation & ratios

Valuation

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Market cap$264.68M-24.0%
Enterprise value$326.74M-22.9%
P/S1.3×-0.4×

Profitability

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Gross margin79.7%-0.5pp
Operating margin-26.9%+2.5pp
Net margin-29.4%+6.1pp
FCF margin-12.5%-2.8pp

Returns & leverage

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Return on equity-66.9%+57.5pp
Debt / equity0.9×+0.3×
Current ratio3.6×-0.9×

Competitors

Profile

Treace Medical Concepts is a medical technology company focused on advancing the standard of care for surgical management of bunion and midfoot deformities. The company's core value proposition is its patented 3D correction technology, which addresses the root cause of deformities across three anatomic dimensions rather than just two. Their systems are designed to improve clinical outcomes, reduce recurrence rates, and allow for faster patient return to weight-bearing activities.

Competitive position

A pioneer and leader in 3D bunion correction, holding a significant patent portfolio and a specialized direct sales force focused exclusively on foot and ankle deformities.

GeographiesUnited States
Customer segmentsHealthcare Providers, Surgical Facilities
Business modelDirect-to-provider sales, Medical device manufacturing
SuppliersThird-party contract manufacturers, Raw material suppliers (Titanium, PEEK), Sterilization service providers
CustomersHospitals, Ambulatory Surgery Centers, Integrated Delivery Networks
Listed2021
Employees227.0
CEOJohn T. Treace
Websitetreace.com
FilingsSEC EDGAR

Questions, answered.

What is Treace Medical Concepts, Inc.'s market cap?
Treace Medical Concepts, Inc. (TMCI) has a market capitalization of $264.7M and trades on NASDAQ.
What is Treace Medical Concepts, Inc.'s revenue and profitability?
Treace Medical Concepts, Inc. generated $207.3M in trailing twelve-month revenue with a net loss of $61.0M, representing a net margin of -29.4%. Gross margin stands at 79.7%, with free cash flow of -$26.0M. These figures are based on the Q1 2026 filing.
Who are Treace Medical Concepts, Inc.'s competitors?
Treace Medical Concepts, Inc.'s key competitors include CONMED Corporation, Zimmer Biomet Holdings, Inc., Enovis Corporation, and others. These companies compete in similar markets and product categories.
Where is Treace Medical Concepts, Inc. headquartered?
Treace Medical Concepts, Inc. is headquartered in United States of America and employs approximately 227 people. It has been publicly traded since 2021.