Neuronetics, Inc. (STIM)
Neuronetics, Inc. functions as a medical technology enterprise with commercialized products, specializing in the creation, enhancement, and global distribution of solutions for individuals experiencing neurohealth conditions, both within the U.S. and abroad. The company's flagship product is the NeuroStar Advanced Therapy System, an in-office, non-surgical, and non-pharmaceutical treatment option available for adult patients diagnosed with major depressive disorder. This sophisticated system utilizes transcranial magnetic stimulation (TMS) to generate a pulsed magnetic field, similar in strength to an MRI, which subsequently induces electrical currents. These currents are specifically engineered to activate brain areas that are key to mood regulation. Neuronetics distributes its offerings directly to psychiatrists through its dedicated sales and client support personnel. Established in 2001, the company's corporate headquarters are situated in Malvern, Pennsylvania.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Neuronetics, Inc.
NASDAQ:STIMHealthcare · Medical - Devices
-5.46%$2.25
AH$2.29+1.69%vs close
Mkt Cap$171.44M
Float41.53M
O/S76.2M
Vol
$ Vol
RVOL
Inst Own48.8%
Earnings
Dilution
Financials Summary
Revenue$149.16M
Net Income-$39M
Total Assets$141.55M
Free Cash Flow-$21.18M
Debt & Equity
Debt 80%
Equity 20%
Total Debt$90.3M
Total Equity$22.38M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in STIM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$141.55M
Liabilities$115.31M
Accounts Receivable$16.89M
Accounts Payable$10.74M
Inventory$4.33M
PP&E (Net)$28.03M
Goodwill$23.62M
Intangible Assets$18.15M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $149.16M | $74.89M | $71.35M | $65.21M | $55.31M | $49.24M | $62.66M | $52.78M | $40.43M | $34.23M |
| YoY Growth | 99.2% | 5.0% | 9.4% | 17.9% | 12.3% | -21.4% | 18.7% | 30.5% | 18.1% | - |
| Cost of Revenue | $76.85M | $20.73M | $19.64M | $15.48M | $11.65M | $11.55M | $15.39M | $12.45M | $9.63M | $6.62M |
| Gross Profit | $72.31M | $54.16M | $51.7M | $49.72M | $43.66M | $37.69M | $47.27M | $40.33M | $30.8M | $27.61M |
| Gross Margin | 48.5% | 72.3% | 72.5% | 76.3% | 78.9% | 76.5% | 75.4% | 76.4% | 76.2% | 80.7% |
| Research and Development | $6.58M | $12.77M | $9.52M | $9.34M | $7.92M | $9.2M | $13.75M | $8.23M | $7.94M | $8.22M |
| Selling, General, and Administrative | $97.16M | $75.95M | $72.74M | $75.5M | $63.3M | $50.8M | $60.45M | $51.93M | $36.47M | $28.72M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$575K | $357K | -$62K |
| Total Operating Expenses | $103.74M | $88.72M | $82.26M | $84.83M | $71.22M | $60M | $74.2M | $60.16M | $44.41M | $36.94M |
| Operating Income (EBIT) | -$31.44M | -$34.56M | -$30.55M | -$35.11M | -$27.56M | -$22.31M | -$26.93M | -$19.83M | -$13.61M | -$9.34M |
| Operating Margin | -21.1% | -46.2% | -42.8% | -53.8% | -49.8% | -45.3% | -43.0% | -37.6% | -33.7% | -27.3% |
| Interest Expense | $8.41M | $7.29M | $5.42M | $3.6M | $3.3M | $4.52M | $3.69M | $3.69M | $2.81M | $1.83M |
| Interest Income | $0 | $0 | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$7.56M | -$9.18M | $365K | -$2.1M | -$3.61M | -$5.14M | -$2.11M | -$4.26M | -$2.45M | -$1.9M |
| Income Before Tax (EBT) | -$39M | -$43.74M | -$30.19M | -$37.21M | -$31.17M | -$27.45M | -$29.04M | -$24.1M | -$16.06M | -$11.23M |
| Income Tax Expense | $0 | -$14K | -$24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$39M | -$43.71M | -$30.19M | -$37.16M | -$31.19M | -$27.45M | -$29.04M | -$24.1M | -$16.06M | -$11.23M |
| Net Income Margin | -26.1% | -58.4% | -42.3% | -57.0% | -56.4% | -55.7% | -46.4% | -45.7% | -39.7% | -32.8% |
| Supplementary Data | ||||||||||
| EPS | -0.59 | -1.38 | -1.05 | -1.38 | -1.22 | -1.46 | -1.87 | -2.69 | -1431.28 | -1001.25 |
| Diluted EPS | -0.59 | -1.38 | -1.05 | -1.38 | -1.22 | -1.46 | -1.87 | -2.69 | -1431.28 | -1001.25 |
| Weighted Average OS | 65.95M | 31.73M | 28.66M | 26.90M | 25.48M | 18.84M | 18.38M | 8.95M | 11,220 | 11,220 |
| EBITDA | -$27.12M | -$34.37M | -$22.76M | -$31.96M | -$26.81M | -$25.89M | -$27.19M | -$19.53M | -$12.65M | -$8.73M |
| EBITDA Margin | -18.2% | -45.9% | -31.9% | -49.0% | -48.5% | -52.6% | -43.4% | -37.0% | -31.3% | -25.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $34.13M | $19.46M | $59.68M | $70.34M | $94.14M | $48.96M | $75.71M | $104.58M | $29.15M | $17.04M |
| Short-Term Investments | $225K | $206K | $905K | $1.54M | $2.2M | $1.89M | $880K | $0 | $0 | $0 |
| Cash and Short-Term Investments | $34.36M | $19.66M | $60.58M | $71.88M | $96.34M | $50.84M | $76.59M | $104.58M | $29.15M | $17.04M |
| Accounts Receivable | $16.89M | $24.29M | $17.84M | $13.82M | $7.78M | $7.17M | $6.57M | $5.62M | $4.27M | $3.58M |
| Inventory | $4.33M | $4.25M | $8.09M | $8.9M | $6.56M | $3.72M | $2.77M | $2.43M | $2.47M | $1.7M |
| Other Current Assets | $5.97M | $6.85M | $4.77M | $2.17M | $3.09M | $2.19M | $1.83M | $1.84M | $1.12M | $607K |
| Total Current Assets | $61.55M | $58.12M | $93.79M | $98.77M | $115.33M | $65.01M | $88.45M | $114.47M | $37.01M | $22.92M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $28.03M | $33.34M | $4.78M | $5.32M | $5.1M | $4.15M | $4.9M | $1.38M | $1.36M | $1.63M |
| Goodwill | $23.62M | $18.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $18.15M | $19.61M | $0 | $0 | $0 | $0 | $0 | $1M | $400K | $0 |
| Long-Term Investments | $249K | $86K | $661K | $1.22M | $1.7M | $2.33M | $1.73M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $9.95M | $11.12M | $16.59M | $11.57M | $19.09M | $7.17M | $5.08M | $171K | $174K | $250K |
| Total Long-Term Assets | $80M | $82.78M | $22.04M | $18.11M | $25.89M | $13.64M | $11.72M | $2.55M | $1.93M | $1.88M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $141.55M | $140.9M | $115.83M | $116.88M | $141.22M | $78.66M | $100.17M | $117.02M | $38.94M | $24.8M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $10.74M | $11.08M | $4.75M | $2.43M | $4.3M | $3.75M | $4.63M | $3.76M | $2.51M | $1.48M |
| Short-Term Debt | $5.56M | $0 | $0 | $13.13M | $0 | $0 | $11.25M | $0 | $0 | $4.49M |
| Current Income Tax Payable | $0 | $619K | $818K | $659K | $664K | $726K | $700K | $606K | $322K | $308K |
| Current Unearned Revenue | $753K | $974K | $1.62M | $1.98M | $2.5M | $2.02M | $2.23M | $2.25M | $1.97M | $1.33M |
| Other Current Liabilities | $4.86M | $8.95M | $8M | $11.2M | $5.09M | $5.02M | $5.72M | $2.64M | $2.72M | $2.37M |
| Total Current Liabilities | $30.52M | $31.27M | $19.81M | $33.2M | $15.7M | $13.68M | $27.69M | $13.56M | $11.99M | $13.34M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $65.81M | $55.15M | $59.28M | $22.83M | $35.34M | $34.62M | $19.9M | $30.39M | $29.56M | $15.65M |
| Long-Term Unearned Revenue | $48K | $2K | $200K | $829K | $1.47M | $1.74M | $2.11M | $1.94M | $2.27M | $167K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$167K |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $86K | $187.76M | $172.94M |
| Total Long-Term Liabilities | $84.79M | $77.84M | $61.83M | $26.63M | $40.34M | $39.48M | $24.62M | $32.42M | $219.6M | $188.58M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $115.31M | $109.1M | $81.64M | $59.82M | $56.05M | $53.16M | $52.32M | $45.98M | $231.59M | $201.92M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $187.14M | $172.31M |
| Common Stock | $690K | $557K | $291K | $273K | $264K | $191K | $186K | $177K | $2K | $2K |
| Retained Earnings | -$458.79M | -$419.79M | -$376.08M | -$345.89M | -$308.73M | -$277.54M | -$250.09M | -$221.04M | -$196.95M | -$180.89M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.23M | $3.71M |
| Other Stockholders' Equity | $480.48M | $446.94M | $409.98M | $402.68M | $393.64M | $302.84M | $297.75M | $291.91M | $4.29M | $3.76M |
| Total Equity | $22.38M | $27.71M | $34.19M | $57.06M | $85.17M | $25.49M | $47.85M | $71.04M | -$192.65M | -$177.12M |
| Minority Interest | $3.86M | $4.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $137.69M | $136.81M | $115.83M | $116.88M | $141.22M | $78.66M | $100.17M | $117.02M | $38.94M | $24.8M |
| Supplementary Data | ||||||||||
| Total Debt | $90.3M | $82.63M | $62.47M | $39.74M | $39.54M | $38.34M | $34.33M | $30.39M | $29.56M | $20.14M |
| Net Debt | $56.17M | $63.17M | $2.8M | -$30.59M | -$54.6M | -$10.62M | -$41.38M | -$74.19M | $409K | $3.1M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$39.13M | -$43.73M | -$30.19M | -$37.16M | -$31.19M | -$27.45M | -$29.04M | -$24.1M | -$16.06M | -$11.23M |
| Depreciation & Amortization | $3.46M | $2.07M | $2.01M | $1.65M | $1.06M | $941K | $1.06M | $882K | $596K | $673K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | -$271K | $108K |
| Stock-Based Compensation | $6.85M | $5.6M | $7.32M | $8.75M | $7.87M | $4.4M | $3.43M | $1.74M | $496K | $161K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $3.54M | -$3.73M | -$8.83M | -$6.66M | -$3.05M | -$597K | -$950K | -$1.35M | -$690K | -$123K |
| Inventory | -$395K | $3.15M | -$1.1M | -$2.59M | -$3.44M | -$945K | -$306K | -$435K | -$1.07M | -$646K |
| Accounts Payable | -$1.75M | -$1.99M | $2.03M | -$1.97M | $276K | -$1.08M | $299K | $606K | $788K | $734K |
| Other Working Capital | $5.18M | -$4.25M | -$6.2M | $6.1M | -$415K | -$5.65M | -$5.96M | -$401K | $4.13M | $1.38M |
| Total Working Capital Change | $6.58M | -$6.81M | -$14.1M | -$5.12M | -$6.64M | -$8.28M | -$6.91M | -$1.58M | $3.16M | $1.34M |
| Other Non-Cash Items | $1.87M | $11.86M | $2.93M | $1.14M | $918K | $1.99M | $976K | $1.07M | $938K | $406K |
| Net Cash from Operating | -$20.37M | -$31M | -$32.04M | -$30.74M | -$27.98M | -$28.39M | -$30.48M | -$20.59M | -$11.14M | -$8.54M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$801K | -$1.47M | -$2.37M | -$3.27M | -$2.35M | -$730K | -$813K | -$1.01M | -$594K | -$324K |
| Acquisitions | $0 | -$2.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | -$31K | $0 | $0 | $0 | $324K | $0 | -$2.61M | $0 | $0 | $0 |
| Other Investing Activities | $31K | $1.61M | $1.05M | $10M | -$7.81M | $0 | $2.61M | $0 | $0 | $0 |
| Net Cash from Investing | -$801K | -$2.41M | -$1.32M | $6.73M | -$9.84M | -$730K | -$813K | -$1.01M | -$594K | -$324K |
| Financing Activities | ||||||||||
| Debt Repaid | -$9.62M | $2.52M | -$23.8M | - | - | -$2.5M | - | - | -$10M | -$5M |
| Common Stock Issuance | $26.82M | $0 | $0 | $0 | $80.97M | $0 | $2.42M | $100M | $14.86M | $67K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$594K | -$4.29M | -$1.1M | $207K | $2.03M | -$131K | $2.42M | -$2.96M | -$980K | -$104K |
| Net Cash from Financing | $35.85M | -$6.81M | $22.7M | $207K | $83.01M | $2.37M | $2.42M | $97.04M | $23.84M | $4.9M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $14.68M | -$40.22M | -$10.66M | -$23.8M | $45.18M | -$26.75M | -$28.88M | $75.44M | $12.11M | -$3.97M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$20.37M | -$31M | -$32.04M | -$30.74M | -$27.98M | -$28.39M | -$30.48M | -$20.59M | -$11.14M | -$8.54M |
| Capital Expenditure | -$801K | -$1.47M | -$2.37M | -$3.27M | -$2.35M | -$730K | -$813K | -$1.01M | -$594K | -$324K |
| Free Cash Flow | -$21.18M | -$32.46M | -$34.41M | -$34.01M | -$30.34M | -$29.12M | -$31.3M | -$21.6M | -$11.74M | -$8.87M |
| Cash at Beginning | $19.46M | $59.68M | $70.34M | $94.14M | $48.96M | $75.71M | $104.58M | $29.15M | $17.04M | $21.01M |
| Cash at End | $34.13M | $19.46M | $59.68M | $70.34M | $94.14M | $48.96M | $75.71M | $104.58M | $29.15M | $17.04M |