# NeuroPace Inc: overview

NPCE · Nasdaq · CIK 1528287 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/npce.md) · [Financials](/companies/npce/financials.md) · [Filings](/companies/npce/filings.md) · [Insiders](/companies/npce/insiders.md)

Latest reported revenue: [$22.8m](/filings/0001528287-26-000030.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 11, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001528287-26-000030).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [21.1](/filings/0001528287-25-000032.md) | [21.5 d](/filings/0001528287-26-000011.md) | [22.5](/filings/0001528287-26-000022.md) | [19.5](/filings/0001528287-26-000030.md) | [27.4](/filings/0001528287-25-000032.md) | [26.6 d](/filings/0001528287-26-000011.md) | [22.1](/filings/0001528287-26-000022.md) | [22.8](/filings/0001528287-26-000030.md) |
| Gross margin | % | [73.2%](/filings/0001528287-25-000032.md) | [75.4% d](/filings/0001528287-26-000011.md) | [77.0%](/filings/0001528287-26-000022.md) | [83.1%](/filings/0001528287-26-000030.md) | [77.4%](/filings/0001528287-25-000032.md) | [77.4% d](/filings/0001528287-26-000011.md) | [81.8%](/filings/0001528287-26-000022.md) | [82.8%](/filings/0001528287-26-000030.md) |
| Operating margin | % | [(20.1%)](/filings/0001528287-25-000032.md) | [(17.0%) d](/filings/0001528287-26-000011.md) | [(22.9%)](/filings/0001528287-26-000022.md) | [(42.0%)](/filings/0001528287-26-000030.md) | [(9.5%)](/filings/0001528287-25-000032.md) | [(6.6%) d](/filings/0001528287-26-000011.md) | [(25.2%)](/filings/0001528287-26-000022.md) | [(22.5%)](/filings/0001528287-26-000030.md) |
| Net margin | % | [(25.9%)](/filings/0001528287-25-000032.md) | [(24.5%) d](/filings/0001528287-26-000011.md) | [(29.3%)](/filings/0001528287-26-000030.md) | [(44.4%)](/filings/0001528287-26-000030.md) | [(12.8%)](/filings/0001528287-25-000032.md) | [(10.3%) d](/filings/0001528287-26-000011.md) | [(30.3%)](/filings/0001528287-26-000030.md) | [(27.2%)](/filings/0001528287-26-000030.md) |
| Diluted EPS | $ per share | [(0.19)](/filings/0001528287-25-000032.md) | not reported | [(0.21)](/filings/0001528287-26-000022.md) | [(0.26)](/filings/0001528287-26-000030.md) | [(0.11)](/filings/0001528287-25-000032.md) | not reported | [(0.20)](/filings/0001528287-26-000022.md) | [(0.18)](/filings/0001528287-26-000030.md) |
| Free cash flow | $m | [(1.8) d](/filings/0001528287-25-000032.md) | [(4.8) d](/filings/0001528287-26-000011.md) | [(7.5)](/filings/0001528287-26-000022.md) | [(2.3) d](/filings/0001528287-26-000030.md) | [(2.0) d](/filings/0001528287-25-000032.md) | [0.4 d](/filings/0001528287-26-000011.md) | [(6.0)](/filings/0001528287-26-000022.md) | [(4.0) d](/filings/0001528287-26-000030.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [45.2](/filings/0001528287-23-000007.md) | [45.5](/filings/0001528287-24-000005.md) | [65.4](/filings/0001528287-25-000007.md) | [79.9](/filings/0001528287-26-000011.md) | [100.0](/filings/0001528287-26-000011.md) |
| Gross margin | % | [74.0%](/filings/0001528287-23-000007.md) | [71.4%](/filings/0001528287-24-000005.md) | [73.6%](/filings/0001528287-25-000007.md) | [73.9%](/filings/0001528287-26-000011.md) | [77.2%](/filings/0001528287-26-000011.md) |
| Operating margin | % | [(52.5%)](/filings/0001528287-23-000007.md) | [(89.6%)](/filings/0001528287-24-000005.md) | [(41.5%)](/filings/0001528287-25-000007.md) | [(27.1%)](/filings/0001528287-26-000011.md) | [(16.3%)](/filings/0001528287-26-000011.md) |
| Net margin | % | [(79.9%)](/filings/0001528287-23-000007.md) | [(103.4%)](/filings/0001528287-24-000005.md) | [(50.4%)](/filings/0001528287-25-000007.md) | [(34.0%)](/filings/0001528287-26-000011.md) | [(21.5%)](/filings/0001528287-26-000011.md) |
| Diluted EPS | $ per share | [(2.17)](/filings/0001528287-23-000007.md) | [(1.91)](/filings/0001528287-24-000005.md) | [(1.27)](/filings/0001528287-25-000007.md) | [(0.93)](/filings/0001528287-26-000011.md) | [(0.66)](/filings/0001528287-26-000011.md) |
| Free cash flow | $m | [(25.0)](/filings/0001528287-23-000007.md) | [(37.5)](/filings/0001528287-24-000005.md) | [(19.9)](/filings/0001528287-25-000007.md) | [(18.3)](/filings/0001528287-26-000011.md) | [(11.3)](/filings/0001528287-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/npce/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Polar Capital Holdings Plc](/funds/1837309.md) | 2026-06-30 | $52.4m | 3,298,104 |  | Unchanged |
| [Soleus Capital Management, L.P.](/funds/1802630.md) | 2026-06-30 | $46.3m | 2,911,122 |  | Reduced −21,085 |
| [First Light Asset Management, LLC](/funds/1600004.md) | 2026-06-30 | $45.5m | 2,861,167 |  | Added +401,201 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $42.2m | 2,654,391 |  | Added +87,552 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $39.4m | 2,477,603 |  | Added +131,270 |
| [ORBIMED ADVISORS LLC](/funds/1055951.md) | 2026-06-30 | $23.9m | 1,505,125 |  | Reduced −591,402 |
| [Driehaus Capital Management LLC](/funds/938206.md) | 2026-06-30 | $23.0m | 1,447,391 |  | Reduced −4,220 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $19.5m | 1,227,072 |  | Added +103,361 |
| [DEUTSCHE BANK AG\\](/funds/948046.md) | 2026-06-30 | $14.9m | 938,919 |  | Added +6,829 |
| [ARMISTICE CAPITAL, LLC](/funds/1601086.md) | 2026-06-30 | $11.0m | 692,000 |  | Unchanged |

## Recent filings

[All 350 filings](/companies/npce/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-11 | 16:33 ET | [10-Q](/filings/0001528287-26-000030.md) | Quarterly report, period 2026-06-30 | 0001528287-26-000030 |
| 2026-08-11 | 16:07 ET | [8-K](/filings/0001528287-26-000027.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001528287-26-000027 |
| 2026-07-28 | 16:31 ET | [8-K](/filings/0001193125-26-321083.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-321083 |
| 2026-06-08 | 16:54 ET | [8-K](/filings/0001193125-26-261965.md) | 5.07 Shareholder vote results | 0001193125-26-261965 |
| 2026-05-12 | 16:45 ET | [10-Q](/filings/0001528287-26-000022.md) | Quarterly report, period 2026-03-31 | 0001528287-26-000022 |
| 2026-05-12 | 16:07 ET | [8-K](/filings/0001528287-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001528287-26-000019 |
| 2026-04-21 | 16:05 ET | [DEF 14A](/filings/0001140361-26-015894.md) | Proxy statement, period 2026-06-05 | 0001140361-26-015894 |
| 2026-03-03 | 16:54 ET | [10-K](/filings/0001528287-26-000011.md) | Annual report, period 2025-12-31 | 0001528287-26-000011 |
| 2026-03-03 | 16:09 ET | [8-K](/filings/0001528287-26-000008.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001528287-26-000008 |
| 2025-11-04 | 16:22 ET | [10-Q](/filings/0001528287-25-000032.md) | Quarterly report, period 2025-09-30 | 0001528287-25-000032 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001528287-26-000011.md), filed Mar 3, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/eed472f6-f346-4218-8269-dfeec963cda6)

## About the filer

- CIK: 1528287
- Tickers: NPCE
- Exchange: Nasdaq
- SIC code: 3841 Surgical & Medical Instruments & Apparatus
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:42 ET. No prices; not investment advice.
