Filing Flows › Neuronetics (STIM) › Q4 2025
Neuronetics (STIM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 17, 2026
Neuronetics (STIM) reported revenue of $41.8M for the fourth quarter 2025 (Q4 2025), +140% from a year earlier and +12% from the quarter before. Operating margin was -12.1%, net loss $7.2M (17.2% of revenue).
Neuronetics, Q4 2025: revenue $41.8M (+140% year over year), operating margin -12.1%, net loss $7.2M, operating cash flow $882K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.8M | +12% | +140% |
| Operating profit | −$5.0M | — | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | $882K | — | -85% |
| Free cash flow | $666K | — | -88% |
What changed
Revenue was $41.8M in Q4 2025, up 140% year over year and up 12% from the previous quarter.
Gross margin was 52.0%. Operating costs exceeded revenue by $5.0M, an operating margin of -12.1%. The quarter ended with a net loss of $7.2M, narrower than the previous quarter's $9.4M loss. Minority interests bore $48K of it: to shareholders the quarter was a loss of $7.2M.
Operating cash flow was $882K (down 85% year over year). Non-cash charges added back $767K of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $5.1M. Capital expenditures of $216K left free cash flow of $666K.
Questions
What was Neuronetics' revenue in the fourth quarter 2025?
Neuronetics (STIM) reported revenue of $41.8M for the fourth quarter 2025 (Q4 2025), +140% from a year earlier and +12% from the quarter before.
Was Neuronetics profitable in the fourth quarter 2025?
Operating loss was $5.0M (-12.1% of revenue) and net loss $7.2M.
Source: Neuronetics 10-K on SEC EDGAR.