Record Revenue and Growth
NeuroPace achieved a total revenue of $27.4 million in Q3 2025, marking a 30% year-over-year growth compared to $21.1 million in the prior year quarter. This was driven by RNS initial implants, with RNS revenue at $22.6 million, representing a 31% year-over-year growth.
Positive Adjusted EBITDA
NeuroPace generated positive adjusted EBITDA for the first time in its history, reflecting strong scalability and disciplined expense management.
Increased Revenue and Gross Margin Guidance
Full year revenue guidance was raised to $97 million to $98 million, up from $94 million to $98 million, reflecting a 21% to 23% year-over-year growth. Gross margin guidance was also increased to 76% to 77%, up from 75% to 76%.
FDA Submission Progress
Progress was made with the NAUTILUS study and the pediatric indication. The PMA supplement for NAUTILUS is on track to be submitted before year-end.
Strong RNS System Performance
RNS System gross margin remained above 80%, benefiting from improved manufacturing efficiency and favorable pricing.
Peer Recognition
The RNS System was featured in the Journal of Clinical Neurophysiology, highlighting its unique closed-loop stimulation capabilities.