NASDAQ : STIM
Neuronetics, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 2.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 171.44M
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Financial statements
Neuronetics, Inc. (STIM) reported revenue of 155.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 155.10M | 149.16M | 74.89M | 71.35M | 65.21M | 55.31M |
| Cost of Revenue | 78.51M | 76.45M | 20.13M | 17.74M | 15.48M | 11.65M |
| Gross Profit | 76.59M | 72.71M | 54.76M | 53.60M | 49.72M | 43.66M |
| Selling, General & Admin | 93.18M | 97.16M | 75.95M | 72.74M | 75.50M | 63.30M |
| Research & Development | 5.87M | 6.58M | 12.77M | 9.52M | 9.34M | 7.92M |
| Operating Expenses | 99.05M | 103.74M | 88.72M | 82.26M | 84.83M | 71.22M |
| Operating Income | -22.46M | -31.04M | -33.96M | -28.65M | -35.11M | -27.56M |
| Interest Expense | -8.91M | -8.41M | -7.29M | -5.42M | -4.25M | -4.02M |
| Interest & Investment Income | 1.46M | 716.00K | 2.55M | 5.79M | 2.20M | 200.00K |
| Other Non Operating Income (Expenses) | 190.00K | |||||
| EBT Excluding Unusual Items | -29.91M | -38.73M | -38.70M | -28.29M | -37.16M | -31.19M |
| Asset Writedown | -400.00K | -400.00K | -600.00K | -1.90M | ||
| Other Unusual Items | -539.00K | -4.43M | ||||
| Pretax Income | -30.85M | -39.13M | -43.73M | -30.19M | -37.16M | -31.19M |
| Earnings From Continuing Operations | -30.85M | -39.13M | -43.73M | -30.19M | -37.16M | -31.19M |
| Minority Interest in Earnings | 419.00K | 137.00K | 19.00K | |||
| Net Income | -30.43M | -39.00M | -43.71M | -30.19M | -37.16M | -31.19M |
| Net Income to Common | -30.43M | -39.00M | -43.71M | -30.19M | -37.16M | -31.19M |
| Shares Outstanding (Basic) | 69.72M | 65.95M | 31.73M | 28.66M | 26.90M | 25.48M |
| Shares Outstanding (Diluted) | 69.72M | 65.95M | 31.73M | 28.66M | 26.90M | 25.48M |
| EPS (Basic) | -0.44 | -0.59 | -1.38 | -1.05 | -1.38 | -1.22 |
| EPS (Diluted) | -0.44 | -0.59 | -1.38 | -1.05 | -1.38 | -1.22 |
| Free Cash Flow | -11.25M | -21.18M | -32.46M | -34.41M | -34.01M | -30.34M |
| Free Cash Flow Per Share | -0.16 | -0.32 | -1.02 | -1.20 | -1.26 | -1.19 |
| Gross Margin | 49.38% | 48.75% | 73.12% | 75.13% | 76.25% | 78.93% |
| Operating Margin | -14.48% | -20.81% | -45.35% | -40.16% | -53.85% | -49.83% |
| Profit Margin | -19.62% | -26.15% | -58.36% | -42.31% | -56.99% | -56.39% |
| Free Cash Flow Margin | -7.25% | -14.20% | -43.35% | -48.22% | -52.15% | -54.84% |
| EBITDA | -19.26M | -27.63M | -31.98M | -26.74M | -33.56M | -26.55M |
| EBITDA Margin | -12.42% | -18.52% | -42.70% | -37.48% | -51.47% | -48.01% |
| D&A For EBITDA | 3.20M | 3.40M | 1.98M | 1.92M | 1.55M | 1.01M |
| EBIT | -22.46M | -31.04M | -33.96M | -28.65M | -35.11M | -27.56M |
| EBIT Margin | -14.48% | -20.81% | -45.35% | -40.16% | -53.85% | -49.83% |
| Revenue as Reported | 155.10M | 149.16M | 74.89M | 71.35M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 19.20M | 28.13M | 18.46M | 59.68M | 70.34M | 94.14M |
| Cash & Short-Term Investments | 19.20M | 28.13M | 18.46M | 59.68M | 70.34M | 94.14M |
| Accounts Receivable | 16.19M | 16.69M | 23.56M | 16.69M | 15.13M | 9.90M |
| Other Receivables | 2.90M | 2.90M | ||||
| Receivables | 16.50M | 17.12M | 27.39M | 21.64M | 15.36M | 9.98M |
| Inventory | 5.50M | 4.33M | 4.25M | 8.09M | 8.90M | 6.56M |
| Prepaid Expenses | 3.50M | 2.92M | 3.95M | 1.87M | 2.17M | 3.09M |
| Restricted Cash | 5.75M | 6.00M | 1.00M | |||
| Other Current Assets | 2.77M | 3.05M | 3.08M | 2.51M | 2.00M | 1.56M |
| Total Current Assets | 53.23M | 61.55M | 58.12M | 93.79M | 98.77M | 115.33M |
| Property, Plant & Equipment | 27.38M | 28.03M | 33.34M | 4.78M | 5.32M | 5.10M |
| Goodwill | 23.62M | 23.62M | 18.63M | |||
| Other Intangible Assets | 18.92M | 18.95M | 20.01M | 4.20M | 3.60M | 2.50M |
| Long-Term Accounts Receivable | 65.00K | 98.00K | 86.00K | 661.00K | 1.22M | 1.70M |
| Long-Term Deferred Charges | 6.98M | 7.97M | 8.90M | 8.37M | 7.57M | 6.76M |
| Other Long-Term Assets | 1.29M | 1.18M | 1.52M | 230.00K | 45.00K | -282.00K |
| Total Assets | 131.53M | 141.55M | 140.90M | 115.83M | 116.88M | 141.22M |
| Accounts Payable | 12.42M | 10.74M | 11.08M | 4.75M | 2.43M | 4.30M |
| Accrued Expenses | 8.73M | 12.14M | 12.59M | 12.38M | 14.51M | 7.93M |
| Current Portion of Long-Term Debt | 13.12M | |||||
| Current Portion of Leases | 5.14M | 5.56M | 4.79M | 845.00K | 824.00K | 670.00K |
| Current Unearned Revenue | 1.14M | 753.00K | 974.00K | 1.62M | 1.98M | 2.50M |
| Other Current Liabilities | 872.00K | 1.33M | 1.84M | 213.00K | 328.00K | 306.00K |
| Total Current Liabilities | 28.31M | 30.52M | 31.27M | 19.81M | 33.20M | 15.70M |
| Long-Term Debt | 61.52M | 65.81M | 55.15M | 59.28M | 22.83M | 35.34M |
| Long-Term Leases | 19.86M | 18.93M | 22.69M | 2.35M | 2.97M | 3.54M |
| Long-Term Unearned Revenue | 58.00K | 48.00K | 2.00K | 200.00K | 829.00K | 1.47M |
| Other Long-Term Liabilities | 142.00K | |||||
| Total Liabilities | 109.89M | 115.31M | 109.10M | 81.64M | 59.82M | 56.05M |
| Common Stock | 762.00K | 690.00K | 557.00K | 291.00K | 273.00K | 264.00K |
| Additional Paid-In Capital | 490.24M | 480.48M | 446.94M | 409.98M | 402.68M | 393.64M |
| Retained Earnings | -473.15M | -458.79M | -419.79M | -376.08M | -345.89M | -308.73M |
| Total Common Equity | 17.85M | 22.38M | 27.71M | 34.19M | 57.06M | 85.17M |
| Minority Interest | 3.79M | 3.86M | 4.09M | |||
| Shareholders' Equity | 21.64M | 26.24M | 31.80M | 34.19M | 57.06M | 85.17M |
| Total Liabilities & Equity | 131.53M | 141.55M | 140.90M | 115.83M | 116.88M | 141.22M |
| Total Debt | 86.52M | 90.30M | 82.63M | 62.47M | 39.74M | 39.54M |
| Net Cash (Debt) | -67.33M | -62.17M | -64.17M | -2.80M | 30.59M | 54.60M |
| Net Cash Per Share | -0.97 | -0.94 | -2.02 | -0.10 | 1.14 | 2.14 |
| Filing Date Shares Outstanding | 76.20M | 69.28M | 65.81M | 29.76M | 28.36M | 26.63M |
| Total Common Shares Outstanding | 76.19M | 68.99M | 55.68M | 29.09M | 27.27M | 26.39M |
| Working Capital | 24.92M | 31.03M | 26.86M | 73.98M | 65.57M | 99.63M |
| Book Value Per Share | 0.23 | 0.32 | 0.50 | 1.18 | 2.09 | 3.23 |
| Tangible Book Value | -24.69M | -20.19M | -10.93M | 29.99M | 53.46M | 82.67M |
| Tangible Book Value Per Share | -0.32 | -0.29 | -0.20 | 1.03 | 1.96 | 3.13 |
| Machinery | 5.76M | 6.75M | 7.28M | 2.85M | 3.07M | 3.29M |
| Leasehold Improvements | 1.49M | 1.61M | 1.61M | 1.44M | 1.44M | 471.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -30.43M | -39.00M | -43.71M | -30.19M | -37.16M | -31.19M |
| Depreciation & Amortization | 3.13M | 3.46M | 2.07M | 2.01M | 1.65M | 1.06M |
| Loss (Gain) From Sale of Assets | 398.00K | 72.00K | 28.00K | |||
| Asset Writedown & Restructuring Costs | 3.96M | |||||
| Stock-Based Compensation | 5.96M | 6.85M | 5.60M | 7.32M | 8.75M | 7.87M |
| Provision & Write-off of Bad Debts | 344.00K | 587.00K | 2.06M | 390.00K | 341.00K | 763.00K |
| Other Operating Activities | 1.25M | 1.07M | 5.80M | 2.54M | 801.00K | 918.00K |
| Change in Accounts Receivable | 6.91M | 3.54M | -3.73M | -8.83M | -6.66M | -3.82M |
| Change in Inventory | -893.00K | -395.00K | 3.15M | -1.10M | -2.59M | -3.44M |
| Change in Accounts Payable | 1.62M | -1.75M | -1.99M | 2.03M | -1.97M | 276.00K |
| Change in Unearned Revenue | 307.00K | -175.00K | -843.00K | -989.00K | -1.16M | 215.00K |
| Change in Other Net Operating Assets | 1.10M | 5.36M | -3.40M | -5.21M | 7.26M | -630.00K |
| Operating Cash Flow | -10.31M | -20.37M | -31.00M | -32.04M | -30.74M | -27.98M |
| Capital Expenditures | -944.00K | -801.00K | -1.47M | -2.37M | -3.27M | -2.35M |
| Cash Acquisitions | -2.55M | |||||
| Other Investing Activities | 1.61M | 1.05M | 10.00M | -7.49M | ||
| Investing Cash Flow | -919.00K | -801.00K | -2.41M | -1.32M | 6.73M | -9.84M |
| Long-Term Debt Issued | 10.00M | 57.48M | 25.00M | |||
| Long-Term Debt Repaid | -211.00K | -60.00M | -1.20M | |||
| Net Debt Issued (Repaid) | 4.79M | 9.79M | -2.52M | 23.80M | ||
| Issuance of Common Stock | 16.27M | 29.03M | 1.00K | 1.00K | 298.00K | 83.41M |
| Other Financing Activities | -2.36M | -2.96M | -4.29M | -1.10M | -91.00K | -401.00K |
| Financing Cash Flow | 18.70M | 35.85M | -6.81M | 22.70M | 207.00K | 83.01M |
| Net Cash Flow | 7.48M | 14.68M | -40.22M | -10.66M | -23.80M | 45.18M |
| Free Cash Flow | -11.25M | -21.18M | -32.46M | -34.41M | -34.01M | -30.34M |
| Free Cash Flow Margin | -7.25% | -14.20% | -43.35% | -48.22% | -52.15% | -54.84% |
| Free Cash Flow Per Share | -0.16 | -0.32 | -1.02 | -1.20 | -1.26 | -1.19 |
| Levered Free Cash Flow | 345.62K | -10.41M | -17.61M | -20.31M | -20.50M | -16.35M |
| Unlevered Free Cash Flow | 5.92M | -5.15M | -13.06M | -16.92M | -17.84M | -13.84M |
| Cash Interest Paid | 8.02M | 7.59M | 6.51M | 4.79M | 3.54M | 3.30M |
| Change in Working Capital | 9.06M | 6.58M | -6.81M | -14.10M | -5.12M | -7.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 156.97M | 94.51M | 89.60M | 83.91M | 187.01M | 117.60M |
| Enterprise Value | 224.29M | 161.29M | 117.43M | 88.26M | 153.00M | 56.71M |
| Last Close Price | 2.06 | 1.38 | 1.61 | 2.90 | 6.87 | 4.46 |
| PS Ratio | 1.01 | 0.63 | 1.20 | 1.18 | 2.87 | 2.13 |
| PB Ratio | 8.79 | 3.60 | 2.82 | 2.45 | 3.28 | 1.38 |
| P/TBV Ratio | 2.80 | 3.50 | 1.42 | |||
| EV/Sales Ratio | 1.45 | 1.08 | 1.57 | 1.24 | 2.35 | 1.02 |
| Debt / Equity Ratio | 4.00 | 3.44 | 2.60 | 1.83 | 0.70 | 0.46 |
| Net Debt / Equity Ratio | 3.11 | 2.37 | 2.02 | 0.08 | -0.54 | -0.64 |
| Net Debt / EBITDA Ratio | -3.50 | -2.25 | -2.01 | -0.10 | 0.91 | 2.06 |
| Net Debt / FCF Ratio | -5.99 | -2.94 | -1.98 | -0.08 | 0.90 | 1.80 |
| Asset Turnover | 1.17 | 1.06 | 0.58 | 0.61 | 0.51 | 0.50 |
| Inventory Turnover | 15.03 | 17.83 | 3.26 | 2.09 | 2.00 | 2.27 |
| Quick Ratio | 1.25 | 1.47 | 1.44 | 4.00 | 2.57 | 6.63 |
| Current Ratio | 1.88 | 2.02 | 1.86 | 4.73 | 2.98 | 7.34 |
| Return on Equity (ROE) | -116.10% | -134.86% | -132.53% | -66.17% | -52.25% | -56.37% |
| Return on Assets (ROA) | -10.55% | -13.73% | -16.54% | -15.39% | -17.00% | -15.67% |
| Return on Capital Employed (ROCE) | -21.80% | -28.00% | -31.00% | -29.80% | -42.00% | -22.00% |
| Earnings Yield | -21.19% | -41.26% | -48.78% | -35.98% | -19.87% | -26.52% |
| FCF Yield | -7.17% | -22.41% | -36.23% | -41.01% | -18.19% | -25.80% |
| Buyback Yield / Dilution | -42.95% | -107.82% | -10.73% | -6.54% | -5.58% | -35.27% |