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Treace Medical Concepts vs Neuronetics: TMCI and STIM compared
Treace Medical Concepts is the larger company: $48.3M of revenue in its latest quarter (Q3 2026) against $42.0M for Neuronetics (Q3 2026). Neuronetics is growing faster (+12% against -4% a year earlier). Neuronetics is more profitable, with an operating margin of 1.3% against -23.9%.
Where the money goes: TMCI and STIM
Treace Medical Concepts (TMCI) · Q3 2026
Treace Medical Concepts, Q3 2026: revenue $48.3M (-4% year over year), operating margin -23.9%, net loss $12.6M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
Neuronetics (STIM) · Q3 2026
Neuronetics, Q3 2026: revenue $42.0M (+12% year over year), operating margin 1.3%, net loss $1.6M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Treace Medical Concepts (TMCI) | Neuronetics (STIM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $48.3M | $42.0M |
| Revenue growth, Y/Y | -4% | +12% |
| Operating margin | -23.9% | 1.3% |
| Net earnings | −$12.6M | −$1.6M |
| Net margin | -26.0% | -3.7% |
| Operating cash flow | −$3.3M | $1.2M |
| Free cash flow | — | $768K |
Where the revenue comes from
Neuronetics
- Service: $26.2M (62%)
- NeuroStar: $15.8M (38%)
Questions
Which is bigger, Treace Medical Concepts or Neuronetics?
Treace Medical Concepts is the larger company: $48.3M of revenue in its latest quarter (Q3 2026) against $42.0M for Neuronetics (Q3 2026).
Is Treace Medical Concepts or Neuronetics growing faster?
Neuronetics is growing faster (+12% against -4% a year earlier).
Which is more profitable, Treace Medical Concepts or Neuronetics?
Neuronetics is more profitable, with an operating margin of 1.3% against -23.9%.
More: Treace Medical Concepts earnings · how Treace Medical Concepts makes money · Neuronetics earnings · how Neuronetics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.