PROCEPT BioRobotics (PRCT)
NASDAQ:PRCT
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PROCEPT BioRobotics
(NASDAQ:PRCT)
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Rating:48Neutral
Price Target:
$24.00
▼(-4.53% Downside)
Action:ReiteratedDate:05/01/26
The score is held back primarily by ongoing losses and persistent negative free cash flow despite strong revenue growth and improving gross margins. Technicals also remain weak with the stock below key moving averages and negative MACD. Offsetting these, the earnings call was constructive with reaffirmed high-growth guidance and an explicit path toward positive adjusted EBITDA by Q4, though near-term execution and cost pressures remain key risks.
Positive Factors
Revenue growth & procedure momentum
Sustained top‑line scaling and aggressive procedure guidance reflect durable commercial adoption of Aquablation. High procedure growth targets provide multi‑quarter revenue visibility, supporting recurring consumable sales and justifying continued commercial investment to capture a large unmet BPH market.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow implies ongoing dependence on external financing or existing cash to fund growth. Even with improvement, continued cash burn risks dilution or curtailed investment if positive cash flow isn't achieved within the planning horizon, constraining long‑term flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & procedure momentum
Sustained top‑line scaling and aggressive procedure guidance reflect durable commercial adoption of Aquablation. High procedure growth targets provide multi‑quarter revenue visibility, supporting recurring consumable sales and justifying continued commercial investment to capture a large unmet BPH market.
Read all positive factors
PROCEPT BioRobotics (PRCT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.37B
Dividend YieldN/A
Average Volume (3M)1.45M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth29.26%
EPS Growth-7.59%
CountryUS
Employees756
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.56
Shares Outstanding56,909,412
10 Day Avg. Volume1,224,706
30 Day Avg. Volume1,453,177
Financial Highlights & Ratios
PEG Ratio10.67
Price to Book (P/B)4.78
Price to Sales (P/S)5.67
P/FCF Ratio-29.95
Enterprise Value/Market Cap0.75
Enterprise Value/Revenue3.20
Enterprise Value/Gross Profit5.00
Enterprise Value/Ebitda-11.41
Forecast
1Y Price Target
$36.50Price Target Upside45.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)-1.54
Revenue Forecast (FY)$396.10M
PROCEPT BioRobotics Business Overview & Revenue Model
Company Description
PROCEPT BioRobotics Corporation, a surgical robotics company, develops transformative solutions in urology. It develops, manufactures, and sells AquaBeam Robotic System, an image-guided, surgical robotic system for use in minimally-invasive urolog...
How the Company Makes Money
PROCEPT BioRobotics primarily makes money by selling and placing its AQUABEAM Robotic System into hospitals and surgical centers and then generating recurring revenue from the installed base through procedure-related disposable and consumable prod...
PROCEPT BioRobotics Key Performance Indicators (KPIs)
Any
Revenue by Segment
Separates income from capital device sales, consumable disposables, and recurring services or training, showing how much revenue is one-time versus repeatable. A higher share of consumables and service revenue points to more predictable, annuity-like cash flow from the installed base, while heavy reliance on device sales makes results more dependent on hospital budgets and adoption cycles.
Separates income from capital device sales, consumable disposables, and recurring services or training, showing how much revenue is one-time versus repeatable. A higher share of consumables and service revenue points to more predictable, annuity-like cash flow from the installed base, while heavy reliance on device sales makes results more dependent on hospital budgets and adoption cycles.
Data provided by:
The Fly
The FlyPROCEPT BioRobotics Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive operational and commercial trajectory: robust top‑line growth (20% revenue; ~30% procedure growth), margin expansion to management targets (65% gross margin), pricing discipline and meaningful clinical/regulatory wins (EAU guideline upgrade, FDA clearance). These positives are balanced against higher operating expenses, larger GAAP and adjusted EBITDA losses in Q1, tariff headwinds and short‑term disruption from a commercial realignment that push some benefits into the back half of 2026. Management reaffirmed full‑year guidance while taking a prudent near‑term stance, expecting improved leverage and positive EBITDA in Q4.Positive Updates
Revenue Growth
Total revenue of $83.1 million in Q1 2026, representing 20% year‑over‑year growth and setting a strong start to the year.
Negative Updates
GAAP Losses and EBITDA Pressure
Net loss of $31.6 million in Q1 2026 compared to $24.7 million in Q1 2025; adjusted EBITDA loss of $18.1 million vs a loss of $15.8 million a year ago — indicating larger absolute losses despite revenue growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of $83.1 million in Q1 2026, representing 20% year‑over‑year growth and setting a strong start to the year.
Read all positive updates
Company Guidance
Management reiterated full-year 2026 guidance of total revenue of approximately $390–$410 million (growth ~27–33% vs. 2025), including international revenue of $50–$51 million, total U.S. procedures of 60,000–64,000 (growth ~39–48%), and a full-year gross margin of ~65% (which assumes $5–$6M of tariff expense vs. $1.3M in FY2025 and excludes potential tariff-refund upside). They now expect new U.S. system pricing of $450,000–$460,000 for the remainder of the year (implying a full-year system ASP toward ~$460,000), a full-year adjusted EBITDA loss of $30M to $17M with positive adjusted EBITDA in Q4 at both ends of the revenue range, and Q2 revenue of $91–$95M (growth ~15–20%); management also reiterated a ~1:1 handpiece-to-procedure ratio for the year with handpiece ASP ≈ $3,500. For context, Q1 results that inform the guide included revenue of $83.1M (20% YoY), U.S. revenue $72M (19% YoY), ~12,200 U.S. procedures (≈30% YoY), 49 Hydros systems sold (ASP ≈ $485,000), U.S. handpiece/consumable revenue $43M, Q1 gross margin 65%, adjusted EBITDA loss $18.1M, net loss $31.6M, and cash/reserves of $249M as of March 31, 2026.PROCEPT BioRobotics Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
66
Positive
Cash Flow
37
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 322.02M | 308.05M | 224.50M | 136.19M | 75.01M | 34.47M |
| Gross Profit | 206.01M | 196.23M | 137.10M | 71.05M | 37.09M | 15.87M |
| EBITDA | -90.33M | -80.11M | -82.00M | -98.09M | -79.13M | -50.72M |
| Net Income | -102.47M | -95.57M | -91.41M | -105.90M | -87.15M | -59.85M |
Balance Sheet | ||||||
| Total Assets | 487.06M | 508.08M | 534.02M | 404.72M | 309.33M | 337.02M |
| Cash, Cash Equivalents and Short-Term Investments | 245.64M | 286.50M | 333.73M | 257.22M | 222.64M | 304.32M |
| Total Debt | 51.66M | 51.62M | 80.25M | 79.20M | 77.32M | 54.10M |
| Total Liabilities | 139.40M | 142.21M | 131.80M | 123.97M | 112.26M | 69.93M |
| Stockholders Equity | 347.67M | 365.87M | 402.22M | 280.75M | 197.07M | 267.09M |
Cash Flow | ||||||
| Free Cash Flow | -80.57M | -58.34M | -103.62M | -133.21M | -83.03M | -57.93M |
| Operating Cash Flow | -70.13M | -48.98M | -99.21M | -108.00M | -80.38M | -57.33M |
| Investing Cash Flow | -10.43M | -9.36M | -4.41M | -25.21M | -2.65M | -592.00K |
| Financing Cash Flow | 10.12M | 11.19M | 180.13M | 167.79M | 3.61M | 262.12M |
PROCEPT BioRobotics Technical Analysis
Neutral
25.14
Price Trends
25.99
Negative
29.05
Negative
34.99
Negative
Market Momentum
-0.48
Negative
50.13
Neutral
71.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRCT, the sentiment is Neutral. The current price of 25.14 is above the 20-day moving average (MA) of 24.75, below the 50-day MA of 25.99, and below the 200-day MA of 34.99, indicating a neutral trend. The MACD of -0.48 indicates Negative momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 71.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PRCT.
PROCEPT BioRobotics Risk Analysis
PROCEPT BioRobotics disclosed 77 risk factors in its most recent earnings report. PROCEPT BioRobotics reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PROCEPT BioRobotics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $3.29B | -13.83 | -21.49% | ― | 11.08% | -485.09% | |
66 Neutral | $1.62B | 18.63 | 21.07% | ― | 13.60% | 180.19% | |
59 Neutral | $1.74B | 211.68 | 2.44% | ― | 13.59% | ― | |
55 Neutral | $1.48B | -36.33 | -1760.45% | ― | 24.95% | 15.49% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | $1.37B | -18.34 | -27.70% | ― | 29.26% | -7.59% | |
45 Neutral | $804.93M | -88.99 | -30.23% | ― | 105.78% | 42.02% |
* Healthcare Sector Average
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PROCEPT BioRobotics Corporate Events
Business Operations and StrategyExecutive/Board Changes
PROCEPT BioRobotics Adds Independent Director to Audit Committee
Positive
Mar 6, 2026
On March 5, 2026, PROCEPT BioRobotics expanded its board of directors from eight to nine members and appointed former Shockwave Medical Chief Financial Officer Daniel Puckett as a Class III director, with his term running until the 2027 annual mee...
Business Operations and Strategy
PROCEPT BioRobotics Highlights Growth Strategy at Investor Day
Positive
Feb 26, 2026
On February 26, 2026, PROCEPT BioRobotics held an Investor and Analyst Day at Nasdaq’s New York headquarters to outline its next chapter of growth in the BPH treatment market. Management highlighted that Aquablation penetration in the U.S. r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.