PROCEPT BioRobotics Corp PRCT

Healthcare SIC 3841 - Surgical & Medical Instruments & Apparatus Nasdaq

We are a surgical robotics company focused on advancing patient care by developing transformative solutions in urology. We develop, manufacture and sell the AquaBeam Robotic System and HYDROS Robotic System, which are advanced, image-guided, surgical robotic systems for use in minimally invasive urologic surgery, with an initial focus on treating benign prostatic hyperplasia, or BPH. BPH is the most common prostate disease and impacts approximately 40 million men in the United States. Each of our robotic systems employs a single-use disposable handpiece to deliver our proprietary Aquablation therapy, which combines real-time, multi-dimensional imaging, personalized treatment planning, automated robotics and heat-free waterjet ablation for targeted and rapid removal of prostate tissue. We designed our robotic systems to enable consistent and reproducible BPH surgery outcomes. We believe that Aquablation therapy represents a paradigm shift in the surgical treatment of BPH by addressing compromises associated with alternative surgical interventions. We designed Aquablation therapy to deliver effective, safe and durable outcomes for males suffering from lower urinary tract symptoms, or LUTS, due to BPH that is independent of prostate size and shape, and delivers resection independent of surgeon experience. We have developed a significant and growing body of clinical evidence, which includes nine clinical studies and over 150 peer-reviewed publications, supporting the benefits and clinical advantages of Aquablation therapy. As of December 31, 2025, we had an install base of 912 AquaBeam Robotic Systems and HYDROS Robotic Systems globally, including 718 in the United States.

Last close 22.76 2026-09-04
Market cap $1.30B 2026-06-30 share count
52-week range 16.66 - 41.51

Valuation FY2025 figures against the last close

P/S4.2x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-1.72

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $308.1M$224.5M$136.2M$75.0M$34.5M$7.7M
Cost of revenue $111.8M$87.4M$65.1M$37.9M$18.6M$9.0M
Gross profit $196.2M$137.1M$71.0M$37.1M$15.9M-$1.3M
R&D $71.3M$62.3M$48.4M$29.0M$19.0M$16.3M
SG&A $228.8M$171.4M$131.8M$88.8M$51.0M$30.3M
Total operating expenses $300.1M$233.7M$180.2M$117.8M$70.0M$46.5M
Operating income -$103.9M-$96.6M-$109.2M-$80.7M-$54.2M-$47.8M
Interest expense $3.6M$4.2M$4.0M$5.2M$5.8M$5.3M
Pre-tax income -$95.4M-$91.0M-$105.8M-$87.2K-$59.9K-$53.0M
Income tax $190.0K$368.0K$80.0K$0$0$0
Net income -$95.6K-$91.4K-$105.9K-$87.2K-$59.9K-$53.0M
EPS, basic -1.72-1.75-2.24-1.96-3.63-14.47
EPS, diluted -1.72-1.75-2.24-1.96-3.63-14.47
Shares, diluted (wtd. avg.) $55.5M$52.1M$47.3M$44.4M$16.5M$3.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $286.5M$333.7M$257.2M$225.7M$305.1M$100.9M$42.7M
Receivables $83.5M$83.5M$48.4M$15.3M$4.5M$1.5M
Inventory $70.7M$56.2M$39.8M$28.5M$13.1M$6.9M
Total current assets $450.4M$481.8M$350.6M$272.6M$326.2M$110.3M
Property, plant and equipment $30.4M$26.7M$28.7M$8.7M$5.0M$8.3M
Total assets $508.1M$534.0M$404.7M$309.3M$337.0M$126.0M
Accounts payable $17.3M$10.0M$13.5M$9.4M$2.0M$1.2M
Short-term debt $0$4.6M
Total current liabilities $65.8M$53.1M$45.9M$35.3M$16.2M$14.5M
Long-term debt $51.6M$51.5M$51.3M$51.2M$50.0M$44.4M
Total liabilities $142.2M$131.8M$124.0M$112.3M$69.9M$65.0M
Retained earnings -$641.6M-$546.0M-$454.6M-$348.7M-$261.5M-$201.7M
Total equity $365.9M$402.2M$280.8M$197.1M$267.1M-$182.9M-$143.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$49.0M-$99.2M-$108.0M-$80.4M-$57.3M-$48.3M
Depreciation and amortisation $6.4M$5.2M$3.8M$2.8M$3.3M$2.9M
Stock-based compensation $47.6M$31.8M$19.1M$10.3M$3.8M$2.2M
Capital expenditure $9.4M$4.4M$25.2M$2.7M$592.0K$233.0K
Investing cash flow -$9.4M-$4.4M-$25.2M-$2.7M-$592.0K-$233.0K
Financing cash flow $11.2M$180.1M$167.8M$3.6M$262.1M$106.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001588978-26-000017.

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