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NeuroPace, Inc.

NPCEHealthcareNASDAQ

Medical Devices · Last scanned May 30, 2026

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Financials · Annual
Revenue
$100.0M
+25.1% YoY
Net Income
-$21.5M
+20.9% YoY
EBITDA
-$12.1M
+27.2% YoY
Free Cash Flow
-$2.7M

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About NeuroPace, Inc.

Headquartered within the healthcare sector, NeuroPace, Inc. focuses on Medical Devices services and products. NeuroPace, Inc. operates as a medical device company in the United States. The $563.9M market capitalization puts NPCE squarely in small-cap range for its industry. The company develops RNS system, a brain-responsive neuromodulation system that delivers personalized, real-time treatment at the seizure source for treating drug-resistant focal epilepsy.

Key stats
Market Cap$563.9M
Fwd P/E-55.64
EPS$-0.65
Beta1.93
52W Change+26.8%
ROE-111.4%
Analysis

On the balance sheet, NPCE has $54.0M in cash with $70.5M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$2.7M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -111.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $45.5M (2022) to $100.0M (2025), reflecting a 120% increase over the period.

A beta of 1.93 means NPCE is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing NPCE's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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