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Nasdaq · Healthcare

Neuronetics, Inc. (STIM)

As-reported financials and SEC filings for Neuronetics, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Neuronetics, Inc.

Neuronetics, Inc. develops and sells the NeuroStar Advanced Therapy System, a non-invasive treatment using transcranial magnetic stimulation to address major depressive disorder and obsessive-compulsive disorder. The company also operates Greenbrook treatment centers across the U.S., providing NeuroStar therapy and other mental health services. Its products and services primarily serve adult patients with treatment-resistant depression and related conditions.

Snapshot

Revenue
$149.2M
Revenue growth (YoY)
99.2%
Net income
$-39.0M
Diluted EPS
$-0.59
Gross margin
48.5%
Operating margin
-21.1%
Net margin
-26.1%
FCF margin
-14.2%
ROE
-148.6%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$224.0M
Long-term debt / equity
2.51×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Neuronetics

  • Revenue grew 99.2% to $149M in FY2025, faster than the 5.0% the year before.
  • Operating margin is -21.1% in FY2025, +28.8 pp against -49.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $42M, up 9.1% from Q2 FY2025.
  • Free cash flow was negative $21M in FY2025.
  • Net loss narrowed to $39M in FY2025, from $44M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Neuronetics’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin48.5%
25th percentile of 77
Operating margin-21.1%
29th percentile of 80
Net margin-26.1%
29th percentile of 81
FCF margin-14.2%
25th percentile of 74
Revenue growth (YoY)+99.2%
97th percentile of 87
ROE-148.6%
4th percentile of 79
Long-term debt / equity2.51×
89th percentile of 54
Short interest1.63d
20th percentile of 88

Neuronetics’s revenue growth of +99.2% ranks in the 97th percentile of the 87 medical device companies reporting it. Neuronetics’s return on equity of -148.6% ranks in the 4th percentile of the 79 medical device companies reporting it. Neuronetics’s long-term debt to equity of 2.51 ranks in the 89th percentile of the 54 medical device companies reporting it.

2 reported insider purchases (code P) totaling $106,540 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+3 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
0
0 trimmed, 0 exited
Combined position
$960,927
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$548,474421.9KAdded
Millennium ManagementquantQ2 2026$259,285199.4KNew
AQR Capital ManagementquantQ2 2026$153,168117.8KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
2
1 insider
Bought (90d)
$107K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-14
filed 2026-08-17
Chernett Jorey10% ownerBuy14.0K$3.16$44K
2026-07-14
filed 2026-07-15
Chernett Jorey10% ownerBuy35.0K$1.78$62K
2026-05-19
filed 2026-05-20
Chernett Jorey10% ownerBuy100.0K$1.17$117K
2026-05-12
filed 2026-05-13
Chernett Jorey10% ownerBuy475.0K$1.34$637K
2026-04-21
filed 2026-04-22
Chernett Jorey10% ownerBuy100.0K$1.51$151K
2026-04-20
filed 2026-04-22
Chernett Jorey10% ownerBuy100.0K$1.58$158K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
8.0M
settled 2026-08-14
Change vs prior
-13.7%
vs previous settlement
Days to cover
1.63
at avg daily volume
Avg daily volume
4.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-148.0M-13.7%1.63
2026-07-319.3M-0.5%3.44
2026-07-159.4M+22.0%7.75
2026-06-307.7M-21.7%4.70
2026-06-159.8M-0.7%7.57
2026-05-299.9M+2.5%3.40
2026-05-159.6M-8.0%2.88
2026-04-3010.5M-4.1%6.21

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$149.2M$74.9M$71.3M$65.2M$55.3M
Gross profit$72.3M$54.2M$51.7M$49.7M$43.7M
Operating income$-31.4M$-34.6M$-30.6M$-35.1M$-27.6M
Net income$-39.0M$-43.7M$-30.2M$-37.2M$-31.2M
Diluted EPS$-0.59$-0.69$-0.53$-0.69$-0.61

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-20.4M$-31.0M$-32.0M$-30.7M$-28.0M
Capital expenditure$801,000$1.5M$2.4M$3.3M$2.4M
Free cash flow$-21.2M$-32.5M$-34.4M$-34.0M$-30.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$41.6M9.1%$-3.4M$-0.05
Q1 FY2026$34.5M7.8%$-10.8M$-0.16
Q4 FY2025$41.8M85.7%$-7.2M$-0.10
Q3 FY2025$37.3M101.3%$-9.0M$-0.13
Q2 FY2025$38.1M131.7%$-10.1M$-0.15
Q1 FY2025$32.0M83.6%$-12.7M$-0.21
Q4 FY2024$22.5M32.4%$-12.7M
Q3 FY2024$18.5M6.7%$-13.3M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2003
SEC CIK1227636

Selected SEC filings

10-Q2026-08-11
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-17
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-07-20
View on EDGAR →
8-K2026-06-23
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.