CoverageForm 410-K10-Q8-K13D13G13F

NPCE · Neuropace Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · NPCE

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021
Revenue$99.99M$79.91M$65.42M$45.52M$41.14M
Cost of Revenue$22.77M$20.82M$17.30M$13.03M$10.87M
Gross Profit$77.22M$59.09M$48.12M$32.49M$30.27M
R&D$27.89M$23.65M$20.78M$21.95M$15.70M
SG&A$17.43M$57.10M$54.52M$51.34M$27.63M
Total Operating Expenses$93.56M$80.76M$75.30M$73.29M$43.32M
D&A$238.0K$207.0K$172.0K$267.0K$312.0K
Operating Income($16.34M)($21.67M)($27.17M)($40.79M)($13.05M)
Interest Expense$7.46M$8.80M$8.52M$7.53M$11.49M
Income Tax$0----
Net Income($21.46M)($27.14M)($32.96M)($47.08M)($24.28M)
EPS - Basic($0.66)($0.93)($1.27)($1.91)($117.85)
EPS - Diluted($0.66)($0.93)($1.27)($1.91)($117.85)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021
Cash & Equivalents$21.69M$13.43M$18.06M$6.61M$19.19M
Accounts Receivable$14.68M$12.85M$12.31M$7.48M$7.09M
Inventory$16.90M$13.38M$11.21M$9.71M$7.82M
Accounts Payable$2.22M$2.95M$2.33M$2.15M$1.38M
Current Assets$94.07M$81.34M$92.72M$97.71M$132.82M
Total Assets$105.56M$94.65M$107.65M$114.11M$133.56M
Current Liabilities$17.81M$15.16M$16.23M$10.98M$9.30M
Long-term Debt$58.88M$59.52M$56.95M$52.91M$49.85M
Total Liabilities$86.53M$86.63M$87.00M$79.33M$60.06M
Stockholders' Equity$19.03M$8.01M$20.65M$34.78M$73.50M
Retained Earnings($552.41M)($530.95M)($503.81M)($470.85M)($423.77M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021
Operating Cash Flow($11.01M)($17.95M)($19.70M)($36.87M)($21.61M)
Investing Cash Flow($332.0K)$8.99M$23.03M$23.80M($10.77M)
Financing Cash Flow$19.60M$4.33M$8.13M$490.0K$55.01M
CapEx$332.0K$306.0K$173.0K$603.0K$62.0K
Free Cash Flow($11.34M)($18.25M)($19.87M)($37.47M)($21.67M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021
Profitability
Gross margin77.2%73.9%73.6%71.4%73.6%
Operating margin-16.3%-27.1%-41.5%-89.6%-31.7%
EBITDA margin-16.1%-26.9%-41.3%-89.0%-31.0%
Net margin-21.5%-34.0%-50.4%-103.4%-59.0%
Free cash flow margin-11.3%-22.8%-30.4%-82.3%-52.7%
FCF / Net income0.530.670.600.800.89
R&D / Revenue27.9%29.6%31.8%48.2%38.2%
SG&A / Revenue17.4%71.5%83.3%112.8%67.2%
Effective tax rate-----
Return on assets-20.3%-28.7%-30.6%-41.3%-18.2%
Return on equity-112.8%-338.7%-159.6%-135.4%-33.0%
Return on invested capital-16.6%----
Liquidity
Current ratio5.285.375.718.9014.28
Quick ratio4.334.485.028.0213.44
Cash ratio1.220.891.110.602.06
Leverage
Debt / Equity3.097.432.761.520.68
Debt / Assets0.560.630.530.460.37
Debt / EBITDA-----
Interest coverage-2.2x-2.5x-3.2x-5.4x-1.1x
Equity multiplier5.5511.815.213.281.82
Liabilities / Assets0.820.920.810.700.45
Efficiency
Asset turnover0.950.840.610.400.31
Inventory turnover1.351.561.541.341.39
Days sales outstanding54d59d69d60d63d
Days inventory outstanding271d235d237d272d263d
Days payable outstanding36d52d49d60d46d
Cash conversion cycle289d241d256d272d279d
Valuation
P / E-----
P / B26.5x40.7x12.9x1.1x0.0x
P / S5.1x4.1x4.1x0.8x0.1x
EV / EBITDA-----
Growth
Revenue growth (YoY)25.1%22.1%43.7%10.7%-
Revenue CAGR (3y)30.0%24.8%---
Revenue CAGR (5y)-----
Gross profit growth (YoY)30.7%22.8%48.1%7.3%-
Operating income growth (YoY)24.6%20.3%33.4%-212.6%-
Net income growth (YoY)20.9%17.6%30.0%-93.9%-
EPS growth (YoY)29.0%26.8%33.5%98.4%-
EPS CAGR (3y)-----
EPS CAGR (5y)-----
FCF growth (YoY)37.9%8.1%47.0%-72.9%-
FCF CAGR (5y)-----
Book value growth (YoY)137.5%-61.2%-40.6%-52.7%-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Geographic

$900.0K total
Non Us$900.0K · 100.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-3.36
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Surgical & Medical Instruments & Apparatus

CompanyRevenue (last FY)Net marginROE
BSX$20.07B14.4%12.0%
LMAT$249.60M23.1%14.7%
TNDM$1.01B-20.2%-131.9%
SYK$25.12B12.9%14.5%
MMM$24.95B13.0%69.1%

Comparing NeuroPace Inc against the 5 most active filers in the same SIC group.