10-Q quarterly report · filed Aug 11, 2026

NeuroPace Inc (NPCE) Q2 2026 10-Q Quarterly Report

Short answer

NeuroPace Inc (NPCE) filed its Q2 2026 10-Q quarterly report on Aug 11, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $23M (down 3.2% year over year) with net income of −$6M.

Q2 2026 key financials · XBRL

Revenue
$23M
−3.2% YoY · +3.1% QoQ
Net income
−$6M
+28.3% YoY · +7.3% QoQ
Operating margin
-22.8%
Gross margin
82.9%
EPS (diluted)
−$0.18
+30.8% YoY · +10.0% QoQ

Source: XBRL data from the NeuroPace Inc (NPCE) Q2 2026 10-Q on SEC EDGAR. USD.

NeuroPace Inc Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $22.8M, up 17% YoY from $19.5M, driven by higher RNS System unit sales
  • Gross margin 82.8% vs 83.1% YoY, reflecting higher material costs partly offset by favorable pricing
  • Loss from continuing operations $5.1M vs $8.2M YoY; net loss $6.2M vs $8.7M
  • Cash, equivalents and short-term investments $51.7M; outstanding debt $59.0M at June 30, 2026
  • FDA deemed PMA-S not approvable; additional information requested for generalized epilepsy label expansion

Risk Factors

  • Newly added manufacturing risk: QMSR superseded QSR on February 2, 2026, creating updated compliance requirements
  • Most materially updated regulatory risk: FDA staffing changes may delay review of indication-expansion submissions for IGE and ages 12–17
  • Compliance risk: Failure to comply with federal and state fraud-and-abuse laws could trigger substantial penalties
  • Operational risk: Single-source suppliers Micro Systems Technologies and Integer provide critical components including batteries
  • Financial risk: Term Loan Agreement contains financial maintenance covenants, with noncompliance potentially accelerating repayment

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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