NeuroPace, Inc.

NasdaqGM:NPCE Stock Report

Market Cap: US$576.9m

NeuroPace Past Earnings Performance

Past criteria checks 0/6

NeuroPace has been growing earnings at an average annual rate of 8.4%, while the Medical Equipment industry saw earnings growing at 13.6% annually. Revenues have been growing at an average rate of 19.6% per year.

Key information

8.42%

Earnings growth rate

91.67%

EPS growth rate

Medical Equipment Industry Growth8.90%
Revenue growth rate19.60%
Return on equity-149.20%
Net Margin-21.67%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article May 15

NeuroPace, Inc. (NASDAQ:NPCE) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a sad week for NeuroPace, Inc. ( NASDAQ:NPCE ), who've watched their investment drop 18% to US$15.79 in the...
Narrative Update Apr 30

NPCE: Future Returns Will Reflect Trial Data Strength And Execution Risk

Analysts have lifted their price target on NeuroPace from $15.63 to $18.00, citing updated expectations for revenue growth and profit margins, as well as a higher future P/E multiple following recent Street research coverage. Analyst Commentary The latest Street research on NeuroPace reflects constructive top line expectations alongside a watchful stance on execution and valuation risk.
Narrative Update Apr 15

NPCE: Refreshed Growth Assumptions And Richer P E Outlook Will Support Upside

Analysts have increased their average price target on NeuroPace by $1, citing updated assumptions that include slightly stronger revenue growth, a revised discount rate, a lower projected profit margin and a higher future P/E multiple. Analyst Commentary Bullish analysts are highlighting NeuroPace as a name where recent research work has led to more constructive views on both execution and valuation.
Narrative Update Apr 01

NPCE: Higher Margin Conviction And Reaffirmed Guidance Will Support More Optimistic Outlook

Analysts have modestly increased their price target on NeuroPace by $1, citing refreshed assumptions around long term profit margins and a slightly higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see room for long term margin improvement, which supports their willingness to apply a slightly higher future P/E multiple in their models.
Narrative Update Mar 17

NPCE: Expanded Epilepsy Indication And Guidance Reaffirmation Will Support More Optimistic Outlook

Analysts increased their price target on NeuroPace by about $0.45 to $19.88, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target of about $19.88 as better aligned with their revised expectations for revenue growth and margin progress in the current model.
Narrative Update Mar 03

NPCE: Refined Risk And Margin Outlook Will Support Future Upside Potential

Analysts lifted their price target on NeuroPace by $1, citing updated assumptions around the discount rate, profit margin, and future P/E that refine how they view the company’s risk and earnings potential. Analyst Commentary Recent Street research points to a more constructive tone around NeuroPace, with bullish analysts fine tuning their models rather than making wholesale changes.
Narrative Update Feb 17

NPCE: Future Returns Will Reflect Trial Data Strength And Execution Risk

Analysts have raised their price target for NeuroPace by about $1 to approximately $16, reflecting updated assumptions around revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Even with the roughly $1 move in the price target to about $16, some research commentary still reads as cautious rather than outright bullish.
Narrative Update Feb 03

NPCE: Updated Seizure Trial Data Will Support A More Optimistic Outlook

Analysts have nudged their price target on NeuroPace higher to about US$19.43 from roughly US$17.13, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that are consistent with recent Street research. Analyst Commentary Analysts updating their models around NeuroPace are using the revised price target to reflect refreshed assumptions on valuation, growth expectations, and execution risks rather than a wholesale change in thesis.
Narrative Update Jan 20

NPCE: Broader Epilepsy Indication And Trial Evidence Will Support Future Upside

Analysts now see NeuroPace as fairly valued around US$22.00 per share. They have made only slight tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E, refining rather than overhauling their previous price target view.
Analysis Article Jan 09

NeuroPace (NASDAQ:NPCE) Has Debt But No Earnings; Should You Worry?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update Jan 06

NPCE: Expanded Epilepsy Indication And Trial Data Will Support Bullish Outlook

Analysts lifted their price target on NeuroPace from US$20.00 to US$22.00, citing changes in their fair value estimate along with updated assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News NeuroPace filed a Premarket Approval Supplement with the U.S. FDA to expand the labeled indication for its RNS System to antiseizure medication resistant idiopathic generalized epilepsy with generalized tonic clonic seizures, supported by preliminary NAUTILUS trial data showing a 77% median reduction in GTC seizures at 18 months and a favorable safety profile.
Narrative Update Dec 15

NPCE: Future Performance Will Reflect Trial Data Strength And Moderate Risk

Analysts have raised their price target on NeuroPace from 13.00 dollars to 15.00 dollars. This reflects modestly lower perceived risk, slightly stronger long term margin potential, and still supportive valuation multiples despite a tempered revenue growth outlook.
Analysis Article Nov 19

Revenues Tell The Story For NeuroPace, Inc. (NASDAQ:NPCE) As Its Stock Soars 25%

Despite an already strong run, NeuroPace, Inc. ( NASDAQ:NPCE ) shares have been powering on, with a gain of 25% in the...
Analysis Article Sep 19

NeuroPace, Inc. (NASDAQ:NPCE) Looks Just Right With A 25% Price Jump

Those holding NeuroPace, Inc. ( NASDAQ:NPCE ) shares would be relieved that the share price has rebounded 25% in the...
Analysis Article Aug 14

NeuroPace, Inc. (NASDAQ:NPCE) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

NasdaqGM:NPCE 1 Year Share Price vs Fair Value Explore NeuroPace's Fair Values from the Community and select yours...
Seeking Alpha Jun 29

NeuroPace: Volatile, Uncertain, But Promising

Summary NeuroPace has shown strong sales growth in its core drug-resistant epilepsy market, but remains unprofitable due to ongoing R&D expenses. Recent topline momentum is impressive, with 2024 guidance raised and sales growth accelerating, yet operating losses have stopped narrowing and even increased. The NAUTILUS trial failed to meet primary endpoints for generalized epilepsy, a major setback that limits near-term market expansion potential. Despite a reasonable sales multiple and recent financing, the failed trial and persistent losses make me cautious and hesitant to increase my position. Read the full article on Seeking Alpha
Analysis Article Jun 19

Is NeuroPace (NASDAQ:NPCE) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article May 13

NeuroPace, Inc. (NASDAQ:NPCE) Stocks Shoot Up 28% But Its P/S Still Looks Reasonable

NeuroPace, Inc. ( NASDAQ:NPCE ) shareholders would be excited to see that the share price has had a great month...
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New Narrative Mar 30

Expanding Level 4 Epilepsy Centers Will Unlock Future Potential

Expanding presence in epilepsy centers and Project CARE may significantly boost revenue by increasing market penetration and service delivery.
Analysis Article Mar 07

NeuroPace, Inc. (NASDAQ:NPCE) Annual Results: Here's What Analysts Are Forecasting For This Year

It's been a sad week for NeuroPace, Inc. ( NASDAQ:NPCE ), who've watched their investment drop 11% to US$11.18 in the...
Analysis Article Jan 24

NeuroPace, Inc. (NASDAQ:NPCE) Looks Just Right With A 26% Price Jump

Despite an already strong run, NeuroPace, Inc. ( NASDAQ:NPCE ) shares have been powering on, with a gain of 26% in the...
Analysis Article Dec 04

After Leaping 90% NeuroPace, Inc. (NASDAQ:NPCE) Shares Are Not Flying Under The Radar

NeuroPace, Inc. ( NASDAQ:NPCE ) shares have had a really impressive month, gaining 90% after a shaky period beforehand...
Analysis Article Nov 14

Here's What Analysts Are Forecasting For NeuroPace, Inc. (NASDAQ:NPCE) After Its Third-Quarter Results

A week ago, NeuroPace, Inc. ( NASDAQ:NPCE ) came out with a strong set of quarterly numbers that could potentially lead...
Analysis Article Nov 07

Does NeuroPace (NASDAQ:NPCE) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 03

NeuroPace, Inc. (NASDAQ:NPCE) Screens Well But There Might Be A Catch

It's not a stretch to say that NeuroPace, Inc.'s ( NASDAQ:NPCE ) price-to-sales (or "P/S") ratio of 2.9x right now...
Analysis Article Apr 12

Is NeuroPace (NASDAQ:NPCE) Weighed On By Its Debt Load?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha Feb 25

NeuroPace: Picking Up The Pace

Summary NeuroPace shares have doubled since September 2023, driven by strong operating momentum. The company aims to improve the lives of epilepsy patients with its remote monitoring system, which has the potential for significant growth. Following the share price rally, I have trimmed my position but continue to hold a long position due to the company's potential and operating momentum. Read the full article on Seeking Alpha
Analysis Article Jan 22

Why Investors Shouldn't Be Surprised By NeuroPace, Inc.'s (NASDAQ:NPCE) 58% Share Price Surge

Despite an already strong run, NeuroPace, Inc. ( NASDAQ:NPCE ) shares have been powering on, with a gain of 58% in the...
Analysis Article Apr 17

NeuroPace, Inc. (NASDAQ:NPCE) Stock Rockets 39% But Many Are Still Ignoring The Company

NeuroPace, Inc. ( NASDAQ:NPCE ) shares have continued their recent momentum with a 39% gain in the last month alone...

Revenue & Expenses Breakdown

How NeuroPace makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGM:NPCE Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26100-226728
31 Dec 25100-216628
30 Sep 2595-246427
30 Jun 2589-266126
31 Mar 2584-255725
31 Dec 2480-275724
30 Sep 2476-285723
30 Jun 2472-305622
31 Mar 2469-325621
31 Dec 2365-335521
30 Sep 2360-385520
30 Jun 2355-425421
31 Mar 2349-465222
31 Dec 2246-475122
30 Sep 2244-475022
30 Jun 2243-434621
31 Mar 2245-394320
31 Dec 2145-363918
30 Sep 2145-303417
30 Jun 2147-263216
31 Mar 2142-262815
31 Dec 2041-242816
31 Dec 1937-303018

Quality Earnings: NPCE is currently unprofitable.

Growing Profit Margin: NPCE is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NPCE is unprofitable, but has reduced losses over the past 5 years at a rate of 8.4% per year.

Accelerating Growth: Unable to compare NPCE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NPCE is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (14.8%).


Return on Equity

High ROE: NPCE has a negative Return on Equity (-149.2%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 02:22
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NeuroPace, Inc. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael PolarkBaird
Sarah JamesCantor Fitzgerald & Co.
Ross OsbornCantor Fitzgerald & Co.