Filing Flows › Neuronetics (STIM) › Q2 2025
Neuronetics (STIM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Neuronetics (STIM) reported revenue of $38.1M for the second quarter 2025 (Q2 2025), +132% from a year earlier and +19% from the quarter before. Operating margin was -21.1%, net loss $9.8M (25.8% of revenue).
Neuronetics, Q2 2025: revenue $38.1M (+132% year over year), operating margin -21.1%, net loss $9.8M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.1M | +19% | +132% |
| Operating profit | −$8.1M | — | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $38.1M in Q2 2025, up 132% year over year and up 19% from the previous quarter.
Gross margin was 46.6%, down 27.4 points from a year earlier. Operating costs exceeded revenue by $8.1M, an operating margin of -21.1%. Operating expenses grew 25% against revenue growth of 132%. The fastest-growing cost line was General & admin (+98%). The quarter ended with a net loss of $9.8M, narrower than the previous quarter's $12.7M loss.
Operating cash flow was −$3.5M. Non-cash charges added back $901K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $252K exceeded it, leaving free cash flow of −$3.8M.
Questions
What was Neuronetics' revenue in the second quarter 2025?
Neuronetics (STIM) reported revenue of $38.1M for the second quarter 2025 (Q2 2025), +132% from a year earlier and +19% from the quarter before.
Was Neuronetics profitable in the second quarter 2025?
Operating loss was $8.1M (-21.1% of revenue) and net loss $9.8M.
Source: Neuronetics 10-Q on SEC EDGAR.