NeuroPace (NPCE) Financial Statements & Analysis

NeuroPace (NPCE) Income Statement

NeuroPace reported revenue of $99.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 25.1% from $79.91M a year earlier. NeuroPace posted a net loss of $21.46M, compared with a net loss of $27.14M a year earlier. Gross margin was 77.2% and operating margin -16.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $22.83M, down 3.0% from the same quarter a year earlier.

NeuroPace Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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NeuroPace, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	99.99	79.91	65.42	45.52	45.18	41.14	36.97
Cost of Revenue	22.77	20.82	17.30	13.03	11.75	10.87	10.51
Gross Profit	77.22	59.09	48.12	32.49	33.44	30.27	26.46
Operating Expenses
Research & Development	27.89	23.65	20.78	21.95	18.21	15.70	18.29
Selling, General & Administrative	65.67	57.10	54.52	51.34	38.96	27.63	30.20
Operating Expenses	93.56	80.76	75.30	73.29	57.17	43.32	48.50
Operating Income	-16.34	-21.67	-27.17	-40.79	-23.74	-13.05	-22.03
Other Income/Expense
Interest Income	2.82	3.02	3.05	1.58	0.45	0.04	0.26
Interest Expense	7.46	8.80	8.52	7.53	-7.41	-11.49	9.49
Other Income/Expense	-0.49	-5.47	-0.32	-6.29	-12.34	0.22	-7.94
Income
Income Before Tax	-21.47	-27.14	-32.96	-47.08	-36.08	-24.28	-29.97
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	-21.47	-27.14	-32.96	-47.08	-36.08	-24.28	-29.97
Net Income - Continuous Operations	-21.47	-27.14	-32.96	-47.08	-36.08	-24.28	-29.97
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-12.06	-16.57	-22.83	-36.57	-23.44	-12.74	-20.07
EBIT	-14.01	-18.34	-24.44	-39.55	-23.74	-13.05	-
Depreciation & Amortization	1.95	1.77	1.61	2.99	0.30	0.31	0.42
Earnings Per Share
Basic EPS	-1.00	-1.00	-1.00	-2.00	-2.00	-118.00	-3.00
Diluted EPS	-1.00	-1.00	-1.00	-2.00	-2.00	-118.00	-3.00
Basic Shares Outstanding	32.72	29.13	25.85	24.59	16.61	0.20	11.10
Diluted Shares Outstanding	32.72	29.13	25.85	24.59	16.61	0.20	11.10

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NeuroPace Financial Statements

What was NeuroPace's revenue in fiscal 2025?

NeuroPace reported revenue of $99.99M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 25.1% from $79.91M a year earlier.

Is NeuroPace profitable?

No. NeuroPace reported a net loss of $21.46M in fiscal 2025. In fiscal 2024 it lost $27.14M.

What is NeuroPace's operating margin?

NeuroPace's operating income was −$16.34M on revenue of $99.99M in fiscal 2025, an operating margin of -16.3%, compared with -27.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition