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 grew by 46%, and international revenue grew by 69% compared to the prior year period.
Increased Handpiece Sales
Handpiece and other consumable revenue for the second quarter of 2025 was $43.1 million, representing growth of 58% compared to the second quarter of 2024, with 12,750 handpieces sold, marking a 59% year-over-year unit growth.
Improved Gross Margins
Gross margin for the second quarter of 2025 was 65.4%, an increase of 640 basis points year-over-year, driven by improved operational efficiencies and higher average selling prices.
Favorable Tariff Developments
Chinese tariff rates have declined to approximately 55%, reducing the estimated cost of goods sold headwinds in the second half of 2025 to approximately $1 million to $2 million from the previously estimated $5 million.
Positive Medicare Updates
Aquablation therapy was assigned a Category I CPT code effective January 1, 2026, with a proposed payment of 16.14 total RVUs, marking a significant milestone for PROCEPT and reinforcing the clinical value and growing adoption of Aquablation therapy.