STIM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $2.16

Market Cap (MRQ) $165M

P/E (TTM) -4.9

EPS (TTM) $-0.44

Revenue (TTM) $155M

ROE (TTM) -135.3%

Debt/Equity (MRQ) 3.4

52W Range $1–$3

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04

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About Neuronetics, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.

Neuronetics became the "first and only Food and Drug Administration (FDA) approval for the clinical treatment of a specific form of medication-refractory depression using a TMS Therapy device (FDA approval K061053)."

They manufacture a transcranial magnetic stimulation device, NeuroStar. The NeuroStar TMS therapy is delivered via a precisely positioned magnetic coil against the patient's head.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorHealth Care industryHealth Care employees658 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$149M

2016-12-31 → 2025-12-31

EPS$-0.59

2019-12-31 → 2025-12-31

Free Cash Flow$-21M

2018-12-31 → 2025-12-31

Net margin-19.6%

2018-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	STIM	5Y avg	Peer Median	Verdict
P/E (TTM)	-4.95Y avg ≈-3.0	≈-3.0	·	·
P/S (TTM)	1.15Y avg ≈1.6	≈1.6	3.1	Undervalued
P/B (MRQ)	9.25Y avg ≈2.9	≈2.9	3.7	Overvalued
EV / EBITDA	-6.75Y avg ≈-3.7	≈-3.7	·	·
Price / FCF (TTM)	-14.65Y avg ≈-3.8	≈-3.8	·	·
Price / Cash Flow (TTM)	-16.05Y avg ≈-4.1	≈-4.1	·	·
EV / Revenue	1.35Y avg ≈1.4	≈1.4	·	·
EV / FCF	-8.85Y avg ≈-3.8	≈-3.8	·	·
Price / Tangible Book (MRQ)	382.75Y avg ≈2.4	≈2.4	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	STIM	5Y avg	Peer Median	Verdict
Gross Margin (TTM)	49.1%5Y avg ≈69.7%	≈69.7%	51.1%	In line
Operating Margin (TTM)	-14.7%5Y avg ≈-42.7%	≈-42.7%	0.77%	Below avg
EBITDA Margin (TTM)	-12.7%5Y avg ≈-40.3%	≈-40.3%	0.77%	Below avg
Net Profit Margin (TTM)	-19.6%5Y avg ≈-48.0%	≈-48.0%	-2.9%	Weak
ROA (TTM)	-22.9%5Y avg ≈-29.0%	≈-29.0%	-18.1%	Weak
ROE (TTM)	-135.3%5Y avg ≈-104.5%	≈-104.5%	-13.7%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	STIM	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	3.45Y avg ≈1.5	≈1.5	0.4	High debt
Current Ratio (MRQ)	1.95Y avg ≈3.8	≈3.8	2.3	Below avg
Quick Ratio	1.55Y avg ≈3.1	≈3.1	1.5	In line
Long-Term Debt / Equity (MRQ)	3.45Y avg ≈1.5	≈1.5	·	·

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	STIM	5Y avg	Peer Median	Verdict
Revenue YoY	99.2%5Y avg ≈28.8%	≈28.8%	·	·
Revenue CAGR 3Y	31.8%5Y avg ≈18.5%	≈18.5%	·	·
Revenue CAGR 5Y	24.8%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	STIM	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-0.595Y avg ≈$-1.12	≈$-1.12	·	·
Revenue / Share	$2.265Y avg ≈$2.34	≈$2.34	·	·
Cash Flow / Share	$-0.315Y avg ≈$-0.93	≈$-0.93	·	·
Cash / Share	$0.415Y avg ≈$1.79	≈$1.79	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	STIM	5Y avg	Peer Median	Verdict
Asset Turnover	1.15Y avg ≈0.7	≈0.7	1.1	In line
Inventory Turnover	17.95Y avg ≈5.6	≈5.6	3.5	Top tier
Receivables Turnover	7.55Y avg ≈5.9	≈5.9	6.0	Top tier
Revenue / Employee	≈$226.7K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise -11.0%

Next Report Nov 02, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 3, 2026	$-0.04	$-0.12	68.0%
March 31, 2026	May 12, 2026	$-0.15	$-0.18	15.2%
Dec. 31, 2025		$-0.10	$-0.11	8.1%
Sept. 30, 2025		$-0.13	$-0.13	-0.62%
June 30, 2025		$-0.15	$-0.08	-91.8%
March 31, 2025		$-0.21	$-0.13	-64.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 16

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue	$149M	$75M	$71M	$65M	$55M	$49M	$63M	$53M	$40M
Cost of Revenue	$77M	$21M	$20M	$15M	$12M	$12M	$15M	$12M	$10M
Gross Profit	$72M	$54M	$52M	$50M	$44M	$38M	$47M	$40M	$31M
R&D Expense	$7M	$13M	$10M	$9M	$8M	$9M	$14M	$8M	$8M
SG&A Expense	$50M	$30M	$25M	$26M	$26M	$18M	$17M	$14M	$9M
Operating Expenses	$104M	$89M	$82M	$85M	$71M	$60M	$74M	$60M	$44M
Operating Income	$-31M	$-35M	$-31M	$-35M	$-28M	$-22M	$-27M	$-20M	$-14M
Interest Expense	·	$7M	$5M	$4M	$4M	$5M	$4M	$4M	$3M
Other Non-op	$716.0K	$3M	$6M	$2M	$390.0K	$302.0K	$2M	$-575.0K	$357.0K
Pretax Income	·	·	·	·	·	·	$-29M	$-24M	$-16M
Net Income	$-39M	$-44M	$-30M	$-37M	$-31M	$-27M	$-29M	$-24M	$-16M
EPS (Basic)	$-0.59	$-1.38	$-1.05	$-1.38	$-1.22	$-1.46	$-1.58	·	·
EPS (Diluted)	$-0.59	$-1.38	$-1.05	$-1.38	$-1.22	$-1.46	$-1.58	·	·
Shares (Basic)	65,951,000	31,734,000	28,658,000	26,900,000	25,479,000	18,835,000	18,380,000	·	·
Shares (Diluted)	65,951,000	31,734,000	28,658,000	26,900,000	25,479,000	18,835,000	18,380,000	·	·
EBITDA	$-28M	$-32M	$-29M	$-33M	$-27M	$-21M	$-26M	$-19M	·

Balance Sheet 24

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Cash & Equivalents	$28M	$18M	$60M	$70M	$94M	$49M	$76M	$105M	$29M
Receivables	$16M	$23M	$16M	$14M	$8M	$7M	$7M	$6M	$4M
Inventory	$4M	$4M	$8M	$9M	$7M	$4M	$3M	$2M	$2M
Prepaid Expense	$3M	$7M	$5M	$2M	$3M	$2M	$2M	$2M	$1M
Current Assets	$62M	$58M	$94M	$99M	$115M	$65M	$88M	$114M	$37M
PP&E (Net)	$4M	$6M	$2M	$2M	$1M	$730.0K	$1M	$1M	$1M
PP&E (Gross)	$9M	$9M	$5M	$5M	$4M	$3M	$3M	$3M	$3M
Accum. Depreciation	$4M	$3M	$3M	$3M	$3M	$2M	$2M	$2M	$2M
Goodwill	$24M	$19M	·	·	·	·	·	·	·
Intangibles	$18M	$20M	·	·	·	·	·	·	·
Other Non-current Assets	$2M	$2M	$4M	$4M	$2M	$2M	$1M	$1M	$574.0K
Total Assets	$142M	$141M	$116M	$117M	$141M	$79M	$100M	$117M	$39M
Accounts Payable	$11M	$11M	$5M	$2M	$4M	$4M	$5M	$4M	$3M
Accrued Liabilities	$12M	$13M	$13M	$15M	$8M	$7M	$9M	$8M	$8M
Current Liabilities	$31M	$31M	$20M	$33M	$16M	$14M	$28M	$14M	$12M
Capital Leases	$19M	$23M	$2M	$3M	$4M	$3M	$3M	·	·
Total Liabilities	$115M	$109M	$82M	$60M	$56M	$53M	$52M	$46M	$44M
Long-term Debt	$66M	$55M	$59M	$36M	$35M	$35M	$31M	$30M	$30M
Total Debt	$66M	$55M	$59M	$36M	$35M	$35M	$31M	$30M	·
Common Stock	$690.0K	$557.0K	$291.0K	$273.0K	$264.0K	$191.0K	$186.0K	$177.0K	$2.0K
Retained Earnings	$-459M	$-420M	$-376M	$-346M	$-309M	$-278M	$-250M	$-221M	$-197M
Stockholders' Equity	$22M	$28M	$34M	$57M	$85M	$25M	$48M	$71M	$-193M
Liabilities + Equity	$142M	$141M	$116M	$117M	$141M	$79M	$100M	$117M	$39M
Shares Outstanding	68,994,000	55,679,000	29,092,000	27,268,000	26,395,000	19,114,000	18,645,000	17,744,000	231,000

Cash Flow 14

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
D&A	$3M	$2M	$2M	$2M	$1M	$941.0K	$1M	$882.0K	$596.0K
Stock-based Comp	$7M	$6M	$7M	$9M	$8M	$4M	$3M	$2M	$496.0K
Deferred Tax	$0	$0	$0	$0	$0	$0	$0	$0	$0
Amort. of Intangibles	$2M	$100.0K	·	·	·	·	·	·	·
Other Non-cash	$8M	$5M	$-11M	$-4M	$-6M	$-6M	$-6M	$881.0K	·
Operating Cash Flow	$-20M	$-31M	$-32M	$-31M	$-28M	$-28M	$-30M	$-21M	$-11M
CapEx	$801.0K	$1M	$2M	$3M	$2M	$730.0K	$813.0K	$1M	$594.0K
Investing Cash Flow	$-801.0K	$-2M	$-1M	$7M	$-10M	$-730.0K	$-813.0K	$-1M	$-594.0K
Debt Issued	$10M	$57M	$25M	·	·	$41M	·	·	·
Net Debt Issued	$10M	$-3M	$24M	·	·	$2M	·	·	·
Stock Issued	·	·	·	·	$81M	·	·	·	·
Net Stock Activity	·	·	·	·	$81M	·	·	·	·
Financing Cash Flow	$36M	$-7M	$23M	$207.0K	$83M	$2M	$2M	$97M	$24M
Free Cash Flow	$-21M	$-32M	$-34M	$-34M	$-30M	$-29M	$-31M	$-22M	·

Profitability 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Gross Margin	48.5%	72.3%	72.5%	76.3%	78.9%	·	·	76.4%	·
Operating Margin	-21.1%	-46.2%	-42.8%	-53.8%	-49.8%	·	·	-37.6%	·
Net Margin	-26.2%	-58.4%	-42.3%	-57.0%	-56.4%	·	·	-45.7%	·
Pretax Margin	·	·	·	·	·	·	·	-45.7%	·
EBITDA Margin	-18.8%	-43.4%	-40.0%	-51.3%	-47.9%	·	·	-35.9%	·
ROA	-27.6%	-34.1%	-25.9%	-28.8%	-28.4%	-30.7%	-26.8%	-30.9%	·
ROE	-155.7%	-185.6%	-83.7%	-61.9%	-35.4%	-103.6%	-56.9%	-32.7%	·

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Current Ratio	2.0	1.9	4.7	3.0	7.3	4.8	3.2	8.4	·
Quick Ratio	1.5	1.3	3.8	2.5	6.5	4.1	3.0	8.1	·
Debt / Equity	2.9	2.0	1.7	0.6	0.4	1.4	0.7	0.4	·
LT Debt / Equity	2.9	2.0	1.7	0.4	0.4	1.4	0.4	0.4	·
Interest Coverage	·	-4.7	-5.6	-8.3	-6.9	-4.9	-7.3	-5.4	·

Efficiency 3

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Asset Turnover	1.1	0.6	0.6	0.5	0.5	·	·	0.7	·
Inventory Turnover	17.9	3.4	2.3	2.0	2.3	3.6	5.9	5.1	·
Receivables Turnover	7.5	3.8	4.9	6.1	7.4	·	·	10.7	·

Per Share 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Book Value / Share	$0.32	$0.50	$1.18	$2.09	$3.23	$1.33	$2.57	$4.00	·
Revenue / Share	$2.26	$2.36	$2.49	$2.42	$2.17	·	·	·	·
Cash Flow / Share	$-0.31	$-0.98	$-1.12	$-1.14	$-1.10	·	·	·	·
Cash / Share	$0.41	$0.33	$2.05	$2.58	$3.57	$2.56	$4.06	$5.89	·
EPS (TTM)	$-0.59	$-1.38	$-1.05	$-1.38	$-1.22	$-1.46	$-1.58	·	·

Growth Rates 3

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue YoY	99.2%	5.0%	9.4%	17.9%	12.3%	·	·	·	·
Revenue CAGR 3Y	31.8%	10.6%	13.2%	·	·	·	·	·	·
Revenue CAGR 5Y	24.8%	·	·	·	·	·	·	·	·

Valuation (TTM) 14

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue TTM	$149M	$75M	$71M	$65M	$55M	$49M	$63M	$53M	·
Net Income TTM	$-39M	$-44M	$-30M	$-37M	$-31M	$-27M	$-29M	$-24M	·
Market Cap	$95M	$90M	$84M	$187M	$118M	$212M	$84M	$343M	·
Enterprise Value	$133M	$126M	$84M	$153M	$59M	$198M	$39M	$269M	·
P/E	-2.3	-1.2	-2.8	-5.0	-3.7	-7.6	-2.8	·	·
P/S	0.6	1.2	1.2	2.9	2.1	4.3	1.3	6.5	·
P/B	4.3	3.2	2.5	3.3	1.4	8.3	1.7	4.8	·
P / Tangible Book	·	·	2.5	3.3	1.4	8.3	·	·	·
P / Cash Flow	-4.7	-2.9	-2.6	-6.1	-4.2	-7.5	-2.7	-16.7	·
P / FCF	-4.5	-2.8	-2.5	-5.5	-3.9	-7.3	-2.7	-15.9	·
EV / EBITDA	-4.8	-3.9	-2.9	-4.6	-2.2	-9.3	-1.5	-14.2	·
EV / FCF	-6.3	-3.9	-2.4	-4.5	-1.9	-6.8	-1.3	-12.5	·
EV / Revenue	0.9	1.7	1.2	2.3	1.1	4.0	0.6	5.1	·
Earnings Yield	-42.8%	-85.7%	-36.2%	-20.1%	-27.4%	-13.1%	-35.2%	·	·

Income Statement 15

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$42M	$34M	$42M	$37M	$38M	$32M	$22M	$19M	$16M	$17M	$20M	$18M	$18M	$16M	$18M	$16M
Cost of Revenue	$20M	$18M	$20M	$20M	$20M	$16M	$8M	$5M	$4M	$4M	$5M	$6M	$5M	$4M	$4M	$4M
Gross Profit	$21M	$16M	$22M	$17M	$18M	$16M	$15M	$14M	$12M	$13M	$16M	$12M	$13M	$11M	$14M	$13M
R&D Expense	$1M	$1M	$2M	$2M	$2M	$2M	$6M	$2M	$2M	$2M	$2M	$2M	$2M	$3M	$3M	$2M
SG&A Expense	$11M	$13M	$13M	$11M	$12M	$13M	$11M	$7M	$6M	$6M	$6M	$6M	$6M	$7M	$6M	$6M
Operating Expenses	$23M	$25M	$27M	$24M	$26M	$27M	$26M	$22M	$21M	$20M	$20M	$21M	$20M	$21M	$22M	$20M
Operating Income	$-2M	$-9M	$-5M	$-7M	$-8M	$-11M	$-11M	$-8M	$-9M	$-7M	$-4M	$-9M	$-7M	$-10M	$-8M	$-7M
Interest Expense	$2M	$2M	·	$2M	$2M	$2M	·	$2M	$2M	$2M	·	$1M	$1M	$1M	$1M	$1M
Other Non-op	$162.0K	$1M	$155.0K	$126.0K	$188.0K	$247.0K	$545.0K	$539.0K	$653.0K	$812.0K	$893.0K	$664.0K	$4M	$640.0K	$648.0K	$906.0K
Net Income	$-3M	$-11M	$-7M	$-9M	$-10M	$-13M	$-13M	$-13M	$-10M	$-8M	$-5M	$-9M	$-5M	$-11M	$-8M	$-8M
EPS (Basic)	$-0.05	$-0.16	$-0.10	$-0.13	$-0.15	$-0.21	$-0.34	$-0.44	$-0.33	$-0.27	$-0.17	$-0.33	$-0.17	$-0.38	$-0.30	$-0.28
EPS (Diluted)	$-0.05	$-0.16	$-0.10	$-0.13	$-0.15	$-0.21	$-0.34	$-0.44	$-0.33	$-0.27	$-0.17	$-0.33	$-0.17	$-0.38	$-0.30	$-0.28
Shares (Basic)	73,129,000	69,589,000	·	67,309,000	66,180,000	61,465,000	·	30,267,000	30,052,000	29,472,000	·	28,876,000	28,590,000	28,034,000	·	26,965,000
Shares (Diluted)	73,129,000	69,589,000	·	67,309,000	66,180,000	61,465,000	·	30,267,000	30,052,000	29,472,000	·	28,876,000	28,590,000	28,034,000	·	26,965,000
EBITDA	·	$-8M	·	$-7M	$-8M	$-10M	·	$-8M	$-9M	$-6M	·	$-9M	$-7M	$-9M	·	$-7M

Balance Sheet 25

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$19M	$13M	$28M	$28M	$11M	$20M	$18M	$21M	$43M	$48M	$60M	$36M	$46M	$55M	$70M	$74M
Receivables	$16M	$16M	$16M	$19M	$26M	$26M	$23M	$17M	$17M	$18M	·	$15M	$13M	$9M	·	$12M
Inventory	$6M	$5M	$4M	$4M	$5M	$4M	$4M	$5M	$6M	$7M	·	$10M	$9M	$9M	·	$9M
Prepaid Expense	$4M	$4M	$3M	$4M	$4M	$5M	$7M	$5M	$4M	$4M	·	$5M	$5M	$2M	·	$3M
Current Assets	$53M	$47M	$62M	$65M	$56M	$61M	$58M	$53M	$76M	$82M	·	$71M	$78M	$81M	·	$101M
PP&E (Net)	$3M	$4M	$4M	$5M	$5M	$6M	$6M	$2M	$2M	$2M	·	$2M	$2M	$2M	·	$2M
PP&E (Gross)	$7M	$8M	$9M	$9M	$9M	$9M	$9M	$5M	$5M	$5M	·	$6M	$5M	$5M	·	$5M
Accum. Depreciation	$4M	$4M	$4M	$4M	$4M	$4M	$3M	$3M	$3M	$3M	·	$4M	$3M	$3M	·	$3M
Goodwill	$24M	$24M	$24M	$23M	$19M	$19M	$19M	·	·	·	·	·	·	·	·	·
Intangibles	$17M	$18M	$18M	$19M	$19M	$19M	$20M	·	·	·	·	·	·	·	·	·
Other Non-current Assets	$3M	$2M	$2M	$2M	$2M	$2M	$2M	$5M	$5M	$5M	·	$4M	$4M	$3M	·	$4M
Total Assets	$132M	$125M	$142M	$145M	$135M	$142M	$141M	$74M	$97M	$104M	·	$93M	$100M	$104M	·	$119M
Accounts Payable	$12M	$11M	$11M	$12M	$10M	$8M	$11M	$3M	$4M	$3M	·	$3M	$4M	$5M	·	$2M
Accrued Liabilities	$9M	$10M	$12M	$10M	$11M	$9M	$13M	$11M	$9M	$9M	·	$10M	$8M	$7M	·	$11M
Current Liabilities	$28M	$28M	$31M	$29M	$28M	$25M	$31M	$17M	$29M	$14M	·	$15M	$15M	$15M	·	$25M
Capital Leases	$20M	$19M	$19M	$19M	$20M	$22M	$23M	$2M	$2M	$2M	·	$3M	$3M	$3M	·	$3M
Other Non-current Liabilities	$142.0K	$71.0K	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Total Liabilities	$110M	$108M	$115M	$114M	$103M	$102M	$109M	$65M	$77M	$76M	·	$55M	$55M	$55M	·	$56M
Long-term Debt	$62M	$61M	$66M	$66M	$56M	$55M	$55M	$46M	$60M	$59M	·	$37M	$37M	$37M	·	$36M
Total Debt	·	$61M	·	$66M	$56M	$55M	·	$46M	$60M	$59M	·	$37M	$37M	$37M	·	$36M
Common Stock	$762.0K	$696.0K	$690.0K	$685.0K	$661.0K	$658.0K	$557.0K	$303.0K	$301.0K	$300.0K	·	$289.0K	$288.0K	$285.0K	·	$270.0K
Retained Earnings	$-473M	$-470M	$-459M	$-452M	$-443M	$-432M	$-420M	$-407M	$-394M	$-384M	·	$-371M	$-361M	$-356M	·	$-338M
Stockholders' Equity	$18M	$13M	$22M	$27M	$27M	$35M	$28M	$9M	$19M	$28M	·	$38M	$45M	$48M	·	$63M
Liabilities + Equity	$132M	$125M	$142M	$145M	$135M	$142M	$141M	$74M	$97M	$104M	·	$93M	$100M	$104M	·	$119M
Shares Outstanding	76,193,000	69,583,000	68,994,000	68,445,000	66,113,000	65,820,000	55,679,000	30,317,000	30,136,000	29,975,000	·	28,902,000	28,813,000	28,465,000	·	27,060,000

Cash Flow 13

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$729.0K	$745.0K	$767.0K	$886.0K	$901.0K	$911.0K	$446.0K	$512.0K	$555.0K	$560.0K	$503.0K	$499.0K	$488.0K	$516.0K	$604.0K	$387.0K
Stock-based Comp	$688.0K	$2M	$2M	$1M	$2M	$1M	$1M	$1M	$2M	$1M	$2M	$2M	$2M	$2M	$2M	$2M
Amort. of Intangibles	$400.0K	$400.0K	$300.0K	$400.0K	$400.0K	$400.0K	$100.0K	$0	$0	$0	·	·	·	·	·	·
Other Non-cash	·	$-1M	·	·	·	$-7M	·	·	·	$-6M	·	·	·	$-7M	·	·
Operating Cash Flow	$-1M	$-9M	$908.0K	$-785.0K	$-4M	$-17M	$-9M	$-5M	$-5M	$-12M	$2M	$-10M	$-9M	$-15M	$-3M	$-7M
CapEx	$417.0K	$197.0K	$216.0K	$114.0K	$252.0K	$219.0K	$89.0K	$386.0K	$616.0K	$375.0K	$879.0K	$552.0K	$704.0K	$234.0K	$503.0K	$726.0K
Investing Cash Flow	$-417.0K	$-172.0K	$-216.0K	$-114.0K	$-252.0K	$-219.0K	$-2M	$14.0K	$-119.0K	$68.0K	$-563.0K	$66.0K	$-642.0K	$-183.0K	$-503.0K	$9M
Debt Issued	·	·	$0	·	·	·	$9M	·	·	·	$22M	$0	$0	$2M	·	·
Net Debt Issued	·	$-5M	·	·	·	·	·	·	·	·	·	·	·	$1M	·	·
Stock Issued	·	·	·	·	$0	$21M	·	·	·	·	·	·	·	·	·	·
Net Stock Activity	·	·	·	·	·	$21M	·	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$7M	$-6M	$-1M	$18M	$1.0K	$19M	$10M	·	·	·	$22M	$0	$-62.0K	$499.0K	$245.0K	$0
Free Cash Flow	·	$-10M	·	·	·	$-17M	·	·	·	$-12M	·	·	·	$-15M	·	·

Profitability 6

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Gross Margin	·	46.9%	·	45.9%	46.6%	49.2%	·	75.6%	74.0%	75.1%	·	65.8%	72.5%	73.3%	·	78.4%
Operating Margin	·	-26.1%	·	-19.6%	-21.1%	-34.4%	·	-41.7%	-51.7%	-39.4%	·	-49.6%	-41.7%	-63.7%	·	-45.2%
Net Margin	·	-31.3%	·	-24.2%	-26.6%	-39.6%	·	-72.0%	-59.8%	-45.2%	·	-52.5%	-27.8%	-67.7%	·	-46.1%
EBITDA Margin	·	-23.9%	·	-19.6%	-21.1%	-31.6%	·	-41.7%	-51.7%	-36.2%	·	-49.6%	-41.7%	-60.4%	·	-45.2%
ROA	·	-8.1%	·	-8.2%	-8.7%	-10.3%	·	-16.0%	-10.0%	-7.6%	·	-8.8%	-4.4%	-9.0%	·	-5.8%
ROE	·	-44.3%	·	-49.2%	-43.5%	-40.2%	·	-56.4%	-30.3%	-20.7%	·	-18.6%	-8.6%	-16.8%	·	-9.9%

Liquidity & Solvency 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	·	1.7	·	2.2	2.0	2.4	·	3.2	2.6	5.6	·	4.6	5.2	5.4	·	4.0
Quick Ratio	·	1.0	·	1.6	1.3	1.9	·	2.2	2.0	4.5	·	3.3	3.9	4.3	·	3.4
Debt / Equity	·	4.6	·	2.4	2.0	1.6	·	4.9	3.1	2.1	·	1.0	0.8	0.8	·	0.6
LT Debt / Equity	·	4.6	·	2.4	2.0	1.6	·	4.9	2.4	2.1	·	1.0	0.8	0.8	·	0.4
Interest Coverage	·	-4.0	·	-3.3	-4.1	-5.7	·	-4.5	-4.3	-3.8	·	-7.5	-6.4	-7.9	·	-7.0

Efficiency 3

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover	·	0.3	·	0.3	0.3	0.3	·	0.2	0.2	0.2	·	0.2	0.2	0.1	·	0.1
Inventory Turnover	·	4.2	·	4.4	3.7	3.0	·	0.6	0.6	0.5	·	0.7	0.6	0.5	·	0.5
Receivables Turnover	·	1.6	·	2.1	1.8	1.5	·	1.2	1.1	1.3	·	1.3	1.4	1.8	·	1.7

Per Share 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	·	$0.19	·	$0.40	$0.41	$0.54	·	$0.31	$0.64	$0.92	·	$1.31	$1.58	$1.70	·	$2.33
Revenue / Share	·	$0.50	·	$0.55	$0.58	$0.52	·	$0.61	$0.55	$0.59	·	$0.62	$0.62	$0.55	·	$0.61
Cash Flow / Share	·	$-0.14	·	·	·	$-0.28	·	·	·	$-0.41	·	·	·	$-0.54	·	·
Cash / Share	·	$0.19	·	$0.41	$0.17	$0.31	·	$0.69	$1.42	$1.59	·	$1.24	$1.59	$1.95	·	$2.72
EPS (TTM)	$-0.49	$-0.54	·	$-0.83	$-1.14	$-1.32	·	$-1.21	$-1.10	$-0.94	·	$-1.18	$-1.13	$-1.35	·	$-1.39

Valuation (TTM) 11

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$151M	$152M	·	$130M	$111M	$89M	·	$73M	$72M	$73M	·	$69M	$68M	$67M	·	$62M
Net Income TTM	$-33M	$-37M	·	$-45M	$-49M	$-49M	·	$-36M	$-32M	$-28M	·	$-33M	$-31M	$-37M	·	$-37M
Market Cap	·	$101M	·	$187M	$231M	$242M	·	$23M	$54M	$143M	·	$39M	$62M	$83M	·	$86M
Enterprise Value	·	$149M	·	$225M	$275M	$277M	·	$48M	$71M	$154M	·	$40M	$53M	$64M	·	$48M
P/E	-2.7	-2.7	·	-3.3	-3.1	-2.8	·	-0.6	-1.6	-5.1	·	-1.1	-1.9	-2.2	·	-2.3
P/S	·	0.7	·	1.4	2.1	2.7	·	0.3	0.8	1.9	·	0.6	0.9	1.2	·	1.4
P/B	·	7.6	·	6.8	8.5	6.8	·	2.5	2.8	5.2	·	1.0	1.4	1.7	·	1.4
P / Tangible Book	·	·	·	·	·	·	·	2.5	2.8	5.2	·	1.0	1.4	1.7	·	1.4
P / Cash Flow	·	-10.7	·	·	·	-14.3	·	·	·	-11.9	·	·	·	-5.4	·	·
EV / Revenue	·	1.0	·	1.7	2.5	3.1	·	0.7	1.0	2.1	·	0.6	0.8	1.0	·	0.8
Earnings Yield	-33.9%	-37.2%	·	-30.4%	-32.7%	-35.9%	·	-159.2%	-61.1%	-19.8%	·	-87.4%	-52.6%	-46.4%	·	-43.7%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$149M	$75M	$71M	$65M	$55M
Gross Margin %	48.5%	72.3%	72.5%	76.3%	78.9%
Operating Margin %	-21.1%	-46.2%	-42.8%	-53.8%	-49.8%
Net Income	$-39M	$-44M	$-30M	$-37M	$-31M
Diluted EPS	$-0.59	$-1.38	$-1.05	$-1.38	$-1.22

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	2.9	2.0	1.7	0.6	0.4
Current Ratio	2.0	1.9	4.7	3.0	7.3
Quick Ratio	1.5	1.3	3.8	2.5	6.5

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-21M	$-32M	$-34M	$-34M	$-30M

Institutional owners (13F) 99 filers · $52.4M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 99

Value held $52.4M

New positions 17

Exited positions 28

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
17 (-12 vs prior Q)	28 (+6 vs prior Q)	30 (+5 vs prior Q)	25 (0 vs prior Q)	-4.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
Madryn Asset Management, LP	$24,102,634	18,540,488	45.99%	Shares
VANGUARD GROUP INC	$3,563,687	2,582,382	6.80%	Shares
UBS Group AG	$2,962,829	2,279,099	5.65%	Shares
WEXFORD CAPITAL LP	$2,603,413	2,002,625	4.97%	Shares
FourWorld Capital Management LLC	$2,267,385	1,744,142	4.33%	Shares
Lane Generational LLC	$2,123,384	1,633,372	4.05%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$1,959,226	1,507,097	3.74%	Shares
MASTERS CAPITAL MANAGEMENT LLC	$1,300,000	1,000,000	2.48%	Shares
AdvisorShares Investments LLC	$965,634	742,795	1.84%	Shares
Ikarian Capital, LLC	$911,537	701,182	1.74%	Shares
BlackRock, Inc.	$775,608	596,622	1.48%	Shares
HighTower Advisors, LLC	$732,863	563,741	1.40%	Shares
MARSHALL WACE, LLP	$631,400	485,692	1.20%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$596,242	458,474	1.14%	Shares
CITADEL ADVISORS LLC	$548,474	421,903	1.05%	Shares
Dauntless Investment Group, LLC	$479,943	369,187	0.92%	Shares
STATE STREET CORP	$377,389	290,299	0.72%	Shares
Centiva Capital, LP	$371,687	285,913	0.71%	Shares
VANGUARD FIDUCIARY TRUST CO	$344,154	264,734	0.66%	Shares
GOLDMAN SACHS GROUP INC	$343,314	264,088	0.66%	Shares
JBF Capital, Inc.	$303,116	233,166	0.58%	Shares
XTX Topco Ltd	$286,420	220,323	0.55%	Shares
MILLENNIUM MANAGEMENT LLC	$259,285	199,450	0.49%	Shares
BOOTHBAY FUND MANAGEMENT, LLC	$246,042	189,263	0.47%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$241,479	185,753	0.46%	Shares
JANE STREET GROUP, LLC	$240,825	185,250	0.46%	Shares
TWO SIGMA ADVISERS, LP	$233,220	169,000	0.44%	Shares
BNP PARIBAS FINANCIAL MARKETS	$193,460	148,815	0.37%	Shares
TUDOR INVESTMENT CORP ET AL	$162,319	124,861	0.31%	Shares
AQR CAPITAL MANAGEMENT LLC	$153,168	117,822	0.29%	Shares
ADAR1 Capital Management, LLC	$130,000	100,000	0.25%	Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$123,767	95,205	0.24%	Shares
Squarepoint Ops LLC	$123,001	94,616	0.23%	Shares
NORTHERN TRUST CORP	$115,880	89,138	0.22%	Shares
WOLVERINE TRADING, LLC	$111,454	41,900	0.21%	Put option
GAMCO INVESTORS, INC. ET AL	$102,960	79,200	0.20%	Shares
Invesco Ltd.	$88,842	68,340	0.17%	Shares
BANK OF AMERICA CORP /DE/	$88,653	68,195	0.17%	Shares
MORGAN STANLEY	$81,762	62,893	0.16%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$81,380	62,600	0.16%	Put option
Engineers Gate Manager LP	$74,328	57,175	0.14%	Shares
WOLVERINE TRADING, LLC	$68,096	25,600	0.13%	Call option
VestGen Advisors, LLC	$65,363	50,279	0.12%	Shares
Cruiser Capital Advisors, LLC	$63,570	48,900	0.12%	Shares
Caitong International Asset Management Co., Ltd	$53,716	41,320	0.10%	Shares
Arax Advisory Partners	$51,796	39,843	0.10%	Shares
HSBC HOLDINGS PLC	$49,958	37,847	0.10%	Shares
GABELLI FUNDS LLC	$49,400	38,000	0.09%	Shares
WOLVERINE TRADING, LLC	$43,443	16,332	0.08%	Shares
Quadrature Capital Ltd	$40,113	30,856	0.08%	Shares

Show all 99 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Chernett Jorey ×5 filings	Aug. 24, 2026	13.92%	Amendment	·	SEC
MADRYN ASSET MANAGEMENT, LP, MADRYN HEALTH PARTNERS II, LP, MADRYN HEALTH PARTNERS II (CAYMAN MASTER), LP, MADRYN HEALTH ADVISORS II, LP, MADRYN HEALTH ADVISORS GP II, LLC, MADRYN SELECT OPPORTUNITIES, LP, MADRYN SELECT ADVISORS, LP, MADRYN SELECT ADVISORS GP, LLC ×3 filings	March 4, 2026	30.30%	Amendment	·	SEC
Cannell Capital LLC, J. Carlo Cannell ×4 filings	Aug. 17, 2023	·	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 29 insiders · 9 officers · 14 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Sells 12m	Net 12m
Daniel L. Reuvers	President and CEO	March 23, 2026 A	1,500,000	0	0	$0
Nir Naor	EVP, CFO & Treasurer	July 23, 2026 A	500,000	0	0	$0
Steven Pfanstiel	Former EVP, CFO and Treasurer	March 19, 2026 S	836,643	0	2	$-33,500
Stephen Furlong	EVP, CFO and Treasurer	May 13, 2025 S	410,053	0	0	$0
Peter Donato	Vice President and CFO	May 14, 2019 S	20,987	0	0	$0
William Andrew Macan	EVP, CLO and CS	March 19, 2026 S	897,270	0	5	$-55,589
Gregory Harper	VP of Prod. Dev. & Operations	March 9, 2021 S	162,554	0	0	$0
Daniel Guthrie	Chief Commercial Officer	May 22, 2020 F	144,180	0	0	$0
Yelena Tropsha	VP of Commercial Access	March 10, 2020 F	65,987	0	0	$0
Avinash Amin	Director	June 15, 2026 J	30,000	0	0	$0
Sasha Cucuz	Director	May 28, 2026 A	1,542,798	0	0	$0
Megan Rosengarten	Director	May 28, 2026 A	170,890	0	0	$0
Robert Cascella	Director	May 28, 2026 A	625,017	0	0	$0
Glenn P Muir	Director	May 28, 2026 A	401,816	0	0	$0
Joseph H Capper	Director	May 25, 2023 A	43,147	0	0	$0
JAEGER WILFRED E	Director	May 25, 2023 A	138,563	0	0	$0
John K Bakewell	Director	May 25, 2023 A	114,352	0	0	$0
Bruce Joseph Shook	Director	May 26, 2022 A	68,847	0	0	$0
Brian E Farley	Director	Aug. 5, 2020 A	265,748	0	0	$0
Cheryl R Blanchard	Director	May 26, 2020 A	34,437	0	0	$0
Stephen M Campe	Director	Jan. 2, 2020 A	32,472	0	0	$0
Ronald Hunt	Director	April 1, 2019 A	847	0	0	$0
Hill Paulina	Director	July 2, 2018 A	·	0	0	$0
CANNELL CAPITAL LLC	10% owner	June 1, 2023 J	2,841,223	0	0	$0
Investor Growth Capital, LLC	10% owner	July 2, 2018 C	1,794,228	0	0	$0
Chernett Jorey	·	Aug. 13, 2026 S	10,602,988	14	1	$4,809,927
Sheryl L Conley	·	May 28, 2026 A	251,716	0	0	$0
Keith J Sullivan	·	March 19, 2026 S	1,590,924	0	4	$-192,798
Christopher Thatcher	·	March 4, 2020 M	249,811	0	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 4 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
QQQS · Invesco Exchange-Traded Fund Trust …	0.43%	42,228 SH	Oct. 1, 2026	Daily
IWC · iShares Trust	0.02%	92,879 SH	Sept. 11, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.00%	424,323 SH	Aug. 19, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	1,056,478 SH	Aug. 19, 2026	Daily

STIM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 9 analysts BUY

Median target $5.50 +154.6%

3 33.3% Strong Buy

5 55.6% Buy

1 11.1% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

4 analysts · 2026-10-03

Mean target $5.75 +166.2%

← Below all targets Current price $2.16

Low$5.00 Mean$5.75 High$7.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
STIM	$95M	-2.3	99.2%	-26.2%	-155.7%	48.5%
PDEX	$187M	14.2	16.4%	17.6%	30.6%	31.4%
KRMD	$269M	-96.8	22.2%	-6.4%	-15.7%	62.3%
HSDT	$126M	-1.6	1057.1%	-679.6%	-26.6%	91.7%
INGN	$183M	-7.8	3.9%	-6.5%	-11.6%	44.2%
OWLT	·	-5.5	35.4%	·	·	·
AGPU	$29M	·	47.7%	-186053.5%	-1012.1%	·
ABT	$250.18B	33.7	5.7%	14.7%	13.1%	·

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23

Neuronetics (STIM) Q4 2025 Earnings Transcript Yahoo Finance · 6 months, 2 weeks ago

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STIM Neuronetics, Inc. - Common Stock