Neuronetics, Inc. income statement
In fiscal 2025, Neuronetics, Inc. reported revenue of $149m, up 99.2% on the year before, operating income of −$31.4m (a -21.1% margin) and net income of −$39.0m, or −$0.59 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 40 | 53 | 63 | 49 | 55 | 65 | 71 | 75 | 149 | 155 |
| Cost of revenue | 7 | 10 | 12 | 15 | 12 | 12 | 15 | 20 | 21 | 77 | 79 |
| Gross profit | 28 | 31 | 40 | 47 | 38 | 44 | 50 | 52 | 54 | 72 | 76 |
| Research and development | 8 | 8 | 8 | 14 | 9 | 8 | 9 | 10 | 13 | 7 | 6 |
| Selling and marketing | 22 | 28 | 38 | 43 | 33 | 38 | 50 | 47 | 46 | 47 | 44 |
| General and administrative | 7 | 9 | 14 | 17 | 18 | 26 | 26 | 25 | 30 | 50 | 49 |
| Operating income | −9 | −14 | −20 | −27 | −22 | −28 | −35 | −31 | −35 | −31 | −23 |
| Interest expense | 2 | 3 | 4 | 4 | 5 | 4 | 4 | 5 | 7 | 8 | 9 |
| Income before tax | −11 | −16 | −24 | −29 | — | — | — | — | — | — | — |
| Net income | −11 | −16 | −24 | −29 | −27 | −31 | −37 | −30 | −44 | −39 | −30 |
| Diluted EPS | −$19.24 | −$21.59 | −$0.67 | −$0.79 | −$0.73 | −$0.61 | −$0.69 | −$0.53 | −$0.69 | −$0.59 | −$0.44 |
| Diluted shares (average) | — | — | 36m | 37m | 38m | 51m | 54m | 57m | 63m | 66m | 70m |
| EBITDA | −9 | −13 | −19 | −26 | −21 | −27 | −33 | −29 | −32 | −28 | −20 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 22 | 32 | 38 | 37 | 42 | 34 | 42 |
| Cost of revenue | 5 | 8 | 16 | 20 | 20 | 20 | 18 | 20 |
| Gross profit | 14 | 15 | 16 | 18 | 17 | 22 | 16 | 21 |
| Research and development | 2 | 6 | 2 | 2 | 2 | 2 | 1 | 1 |
| Selling and marketing | 12 | 10 | 12 | 12 | 12 | 12 | 11 | 10 |
| General and administrative | 7 | 11 | 13 | 12 | 11 | 13 | 13 | 11 |
| Operating income | −8 | −11 | −11 | −8 | −7 | −5 | −9 | −2 |
| Interest expense | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net income | −13 | −13 | −13 | −10 | −9 | −7 | −11 | −3 |
| Diluted EPS | −$0.44 | −$0.34 | −$0.21 | −$0.15 | −$0.13 | −$0.10 | −$0.16 | −$0.05 |
| EBITDA | −7 | −11 | −10 | −8 | −7 | −4 | −8 | −1 |
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