Neuronetics
Sells NeuroStar TMS systems and operates Greenbrook mental-health treatment centers.
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Profile
Sells NeuroStar TMS systems, recurring treatment sessions, and direct clinic services for depression-related care. The Greenbrook acquisition shifted the model into medical device and clinic services segments, with operations concentrated in the United States.
Sells and supports the NeuroStar Advanced Therapy System, a transcranial magnetic stimulation platform used for major depressive disorder and related mental-health indications. Revenue comes from system placements, recurring treatment sessions, service and support, and Greenbrook clinic services.
Operates mostly in the United States after the Greenbrook acquisition, which added company-operated treatment centers and shifted the business into a vertically integrated model. Medical device and clinic services are now the reported operating segments.
Execution depends on provider adoption, clinic utilization, FDA-cleared indications, and third-party insurance coverage for treatments using its products and services.
Company facts
Categories
Key statistics
Year to date +104% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Jul 20, 2026 | BTIG | Initiate | Buy | $5 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.12 | −$0.05 | +59.3% | $40.2M | $41.6M | +3.5% | +47.00% |
| May 5, 2026Q1 FY26 | −$0.17 | −$0.16 | +5.9% | $34.2M | $34.5M | +0.8% | −11.98% |
| Mar 17, 2026Q4 FY25 | −$0.12 | −$0.10 | +16.7% | $40.7M | $41.8M | +2.7% | +9.76% |
| Nov 4, 2025Q3 FY25 | −$0.12 | −$0.13 | −8.3% | $37.8M | $37.3M | −1.5% | −4.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $32.0M | $38.1M | $37.3M | $41.8M | $34.5M | $41.6M | |
| Gross profit | $15.7M | $17.8M | $17.1M | $21.7M | $16.2M | $21.2M | |
| Operating income | −$11.0M | −$8.1M | −$7.3M | −$5.0M | −$9.0M | −$1.5M | |
| Net income | −$12.7M | −$10.1M | −$9.0M | −$7.2M | −$10.8M | −$3.4M | |
| Diluted EPS | −$0.21 | −$0.15 | −$0.13 | −$0.10 | −$0.16 | −$0.04 | |
| Gross margin | 49.2% | 46.6% | 45.9% | 52.0% | 46.9% | 51.1% | |
| Operating margin | -34.4% | -21.1% | -19.6% | -12.1% | -26.1% | -3.6% |
Fiscal years (4-quarter sums)FY21 $55.3M · FY22 $65.2M · FY23 $71.3M · FY24 $74.9M · FY25 $149.2M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $19.4M · Total debt $86.5M · Total assets $131.5M · Shareholders' equity $17.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 69.59M · Float 28.29M · 40.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Chernett Jorey | 10.60M | 13.92% | 13D | Aug 24, 2026 |
| Parian Ultreia LP | 4.84M | 7.00% | 13G | Mar 17, 2026 |
| Point72 Asset Management, L.P. | 3.82M | 5.00% | 13G | Aug 14, 2026 |
| UBS Group AG | 2.87M | 4.13% | 13F | May 5, 2026 |
| Balyasny Asset Management L.P. | 2.74M | 3.94% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Jorey Chernett | 10 percent owner | −100 | $5.00 |
| Aug 14, 2026 | Jorey Chernett | 10 percent owner | +14,000 | $3.16 |
| Jul 14, 2026 | Jorey Chernett | 10 percent owner | +35,000 | $1.78 |
| Mar 19, 2026 | Steven Pfanstiel | officer: Former EVP, CFO and Treasurer | −25,000 | $1.34 |
| May 19, 2026 | Jorey Chernett | 10 percent owner | +100,000 | $1.17 |
Peers
- BrainsWay (ADR)
Direct Deep TMS rival for depression and OCD clinics
- LifeStance Health
Outpatient mental health network with TMS service overlap
- Johnson & Johnson
SPRAVATO owner in treatment-resistant depression
- Acadia Healthcare
Behavioral health facility operator competing for patient flow
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Neuronetics | $2.97 | +0.89% | $204.6M | — | — | 1.3 | +9.1% |
| BrainsWay (ADR) | $14.30 | +0.85% | $560.9M | 32.5 | 35.4 | 9.0 | +35.4% |
| LifeStance Health | $12.36 | +0.49% | $4.77B | 94.9 | 56.0 | 3.0 | +26.1% |
| Johnson & Johnson | $268.40 | +0.13% | $645.95B | 31.1 | 22.4 | 6.6 | +6.6% |
| Acadia Healthcare | $28.55 | −0.04% | $2.66B | — | 17.2 | 0.8 | −0.4% |
| Median | 32.5 | 28.9 | 4.8 | +16.3% |






