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NeuroPace, Inc.NPCECompetitor analysis, valuation and peers

United States · USD·Health Care›Medical Specialties
Momentum weak 25
Mkt cap
$429M
US dollars, full cap
Free float
78%
of shares outstanding
$/day
$1.43M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-53.0 pp
WACC 13.5%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · USD$12.50
1D-1.5%
1W+1.6%
1M+0.9%
3M-16.0%
6M-31.9%
YTD-19.0%
1Y-3.7%
ATR %5.5%
Beta1.40
52w lowhigh36.2% off high

What NeuroPace does

Employees: 209

NeuroPace at a glance

Size NeuroPace (NPCE) is a United States Health Care company (Medical Specialties) with a market value of $429M, the 2804th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.50 on 6 Nov 2026.

Performance Over six months the shares fell 31.9%, against -20.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.

Growth Revenue grew 11.6% over the last twelve months (peer median +11.2%); the operating margin is -15.3% (peer median 3.6%).

Valuation It trades at 4.5× enterprise value to sales against a peer median of 5.5× (10th cheapest of 21).

Capital Return on invested capital runs 53.0 points below its cost of capital (13.5% WACC).

Backlog Backlog (remaining performance obligations) was $1.60M at 30 Jun 2026, flat on a year earlier — 0.0 years of trailing revenue. Backlog detail →

Short interest Short interest is 2.6% of the free float (15 Oct 2026).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 80NPCE 80
Six months, rebased to 100: NeuroPace against the median of its 20 peers (local-currency closes).

NeuroPace financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$98.8M$100.0M$79.9M$65.4M$45.5M
Revenue growth—+25%+22%+44%—
Gross profit$78.7M$77.2M$59.1M$48.1M$32.5M
EBITDA-$13.0M-$14.4M-$19.9M-$25.6M-$37.8M
Net income-$19.1M-$21.5M-$27.1M-$33.0M-$47.1M
Free cash flow-$11.6M-$11.3M-$18.3M-$19.9M-$37.5M
Capital expenditure$369,000$332,000$306,000$173,000$603,000
Total debt$69.9M$70.8M$73.3M$72.4M$69.8M

Quarterly statements and history in the cockpit →

NeuroPace competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-25%0%+25%SI688133SSIIYDESMASS300238605186688358458870BWAY468530688338CERS3010979877NPCE6-month return →1-month return →
Up and to the right = strong over both horizons. NeuroPace is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%0×200×400×SI688133SSIIYDESMASS4588704685303010979877NPCERevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NeuroPace is the large dot.

NeuroPace competitors and peer comparison

How NeuroPace compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NeuroPace against its 20 peers (data as of 6 Nov 2026)
MeasureNPCEPeer medianRank in peer set
1-month return+0.9%-12.7%3rd highest of 21
6-month return-31.9%-20.2%6th lowest of 20
Distance from 52-week high-36.2%-40.9%7th highest of 21
Revenue growth (TTM)+11.6%+11.2%11th highest of 21
Operating margin-15.3%3.6%8th lowest of 21
EV / Sales4.5×5.5×10th cheapest of 21
ROIC minus cost of capital-53.0 pp-4.9 pp3rd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
NeuroPace NPCEUnited States$429M-32%+12%-15%4.5×n/an/a
Shoulder Innovations SIUnited States$428M+56%+61%-59%5.7×n/an/a
Shanghai Titan Scientific 688133.SSChina$432M-22%-5%-5%1.5×n/an/a
SS Innovations International SSIIUnited States$423M-45%+90%-16%8.0×n/an/a
YD Bio YDESUnited States$423M-58%+17%-883%704.2×n/an/a
908 Devices MASSUnited States$436M+29%+1%-35%5.5×n/an/a
Guanhao Biotech 300238.SZChina$440M-25%-7%5%7.8×n/an/a
Shanghai General Healthy Information & Technology 605186.SSChina$417M+3%+12%6%8.1×55.5%+3.8%
Chison Medical Technologies 688358.SSChina$443M-16%-1%19%4.4×11.8%+5.6%
Medcaptain Medical Technology 2041.HKHong Kong$412Mn/a+19%3%1.6×23.3%+18.1%
SEERS 458870.KSSouth Korea$409M-70%+425%43%5.5×-9.1%+247.0%
Brainsway Ltd Sponsored ADR BWAYUnited States$450M-35%+32%12%6.5×34.3%+18.8%
PROTEINA 468530.KSSouth Korea$450M-2%-59%-1,178%410.3×n/an/a
Beijing Succeeder Technology 688338.SSChina$408M-15%-4%31%5.4×9.8%+3.4%
Cerus CERSUnited States$408M-23%+14%-12%1.9×n/an/a
Shanghai Kehua Bio-Engineering 002022.SZChina$407M-14%+3%-45%1.9×n/an/a
Ningbo Tianyi Medical Appliance 301097.SZChina$407M-20%+46%8%4.3×n/an/a
Guangdong Transtek Medical Electronics 300562.SZChina$406M-13%+7%11%2.0×-2.5%-6.0%
Hunan Sundy Science and Technology 300515.SZChina$453M-13%+10%27%3.7×0.9%+15.6%
Eiken Chemical 4549.TJapan$454M-29%+4%6%1.5×n/an/a
Jenscare Scientific 9877.HKHong Kong$463M-32%+993%-106%20.2×n/an/a

NeuroPace backlog

NeuroPace reported $1.60M of remaining performance obligations at 30 Jun 2026, flat from a year earlier and down 16% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.

Questions

Which companies are NeuroPace's closest peers?
The cockpit's peer set: Shoulder Innovations (SI), Shanghai Titan Scientific (688133.SS), SS Innovations International (SSII), YD Bio (YDES), 908 Devices (MASS), Guanhao Biotech (300238.SZ), Shanghai General Healthy Information & Technology (605186.SS), Chison Medical Technologies (688358.SS).
Is NeuroPace expensive compared with its peers?
On ev / sales it trades at 4.5× against a peer median of 5.5×, 10th cheapest of 21 in its peer set.
How has NeuroPace stock performed?
Over six months to 6 Nov 2026 the shares returned -31.9% against -20.2% for the median peer; over one year -3.7%.
What is NeuroPace's backlog?
NeuroPace's remaining performance obligations (contracted revenue not yet recognised) were $1.60M at 30 Jun 2026, 0% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.