Strong Quarterly Revenue Growth
Total revenue for the second quarter of 2025 was $79.2 million, representing growth of 48% compared to the second quarter of 2024. U.S. revenue for the second quarter was $69.6 million, representing growth of 46% compared to the prior year period.
Record International Revenue Performance
International revenue in the second quarter of 2025 was $9.6 million, representing growth of 69% compared to the prior year period, driven primarily by strong sales momentum in the United Kingdom, Japan, and Korea.
Gross Margin Expansion
Gross margin for the second quarter of 2025 was 65.4%, representing an increase of 640 basis points year-over-year.
Positive Outlook on Medicare Reimbursement
CMS announced Aquablation therapy was assigned a Category I code effective January 1, 2026, with a proposed payment higher than TURP, marking a significant milestone for PROCEPT.
Improved Tariff Situation
Chinese tariff rates have declined from 1045% to approximately 55%, reducing the estimated cost of goods sold headwinds in the second half of 2025 from approximately $5 million to $1 million to $2 million.
Increased Financial Guidance
Full year 2025 total revenue is now expected to be approximately $325.5 million, up from previous guidance, representing growth of approximately 45% compared to 2024.