Neuronetics Q1 Revenue $34.45M, Exceeds Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2026
0mins
Reports Q1 revenue $34.45M, consensus $34.18M. "I'm encouraged by our first quarter performance, which reflects the team's continued execution on revenue growth, operational efficiency, and cash management. Our clinic business delivered double-digit growth, we reduced operating expenses, and we meaningfully improved our operating cash flow versus the first quarter of last year," said Dan Reuvers, President and Chief Executive Officer of Neuronetics. "Looking ahead, I believe there is significant value in this business that has yet to be fully realized. We have the leading technology in TMS, a national clinic platform with real growth runway, and a team that is driving operational execution. Our team is focused on delivering better outcomes for our customers and patients, as well as long term value for our shareholders."
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About STIM
Neuronetics, Inc. a vertically integrated, commercial stage, medical technology and healthcare company. The Company’s NeuroStar Advanced Therapy (NeuroStar Therapy) is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions. In addition to selling the NeuroStar Advanced Therapy System (NeuroStar System) and associated treatment sessions to customers, it operates Greenbrook treatment centers across the United States, offering NeuroStar Therapy for the treatment of major depressive disorder (MDD) and other mental health disorders. Spravato is offered to treat adults with treatment-resistant depression and depressive symptoms in adults with MDD with suicidal thoughts or actions. MDD is a recurrent disease and follows a fluctuating course over an individual’s lifetime. The Company provides more than 7.1 million treatments to over 1,95,000 patients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Neuronetics Appoints New Senior VP of Sales
- Executive Appointment: Neuronetics appointed Robert Greene as Senior Vice President of Sales effective June 1, 2026, bringing extensive experience in commercial strategy and sales leadership within the healthcare sector, which is expected to enhance the company's sales performance.
- Stock Incentive Plan: In accordance with Nasdaq Listing Rule 5635(c)(4), the Compensation Committee authorized the grant of 200,000 restricted stock units to Greene, vesting in four equal annual installments, aimed at attracting and retaining top executive talent.
- Product Innovation: The NeuroStar Advanced Therapy is the leading transcranial magnetic stimulation (TMS) treatment for major depressive disorder, backed by the largest clinical data set, demonstrating significant effectiveness in improving patient quality of life when traditional medications fail.
- Market Expansion: Through its Greenbrook TMS centers across the U.S., Neuronetics is expanding its market presence in mental health by offering NeuroStar therapy, addressing the growing demand for non-drug treatment options for mental health disorders.
See More
Neuronetics Participates as Silver Sponsor at 2026 CTMSS Annual Meeting
- Scientific Commitment: Neuronetics participates as a Silver Sponsor at the 2026 Clinical TMS Society Annual Meeting, showcasing real-world data from its TrakStar database, emphasizing the company's leadership in TMS research aimed at enhancing understanding of mental health conditions.
- Multiple Research Findings: The company will present various studies related to transcranial magnetic stimulation (TMS), including effectiveness for major depressive disorder and real-world antidepressant outcomes in adolescents, which are expected to provide significant insights for the mental health field.
- Innovative Training Course: Neuronetics will also participate in the PULSES Course to demonstrate NeuroStar's navigation capabilities, further underscoring its commitment to innovation in mental health treatment and enhancing therapeutic outcomes through collaboration with ANT Neuro.
- Market Leadership: As the leading TMS system for treating major depressive disorder, Neuronetics' NeuroStar therapy combines the largest clinical data set in the industry, showcasing its strategic importance in providing effective treatment options.
See More
Neuronetics Partners with ANT Neuro to Enhance NeuroStar Therapy
- Strategic Partnership: Neuronetics has formed a partnership with ANT Neuro to integrate the visor2™ neuronavigation system with NeuroStar TMS, aiming to enhance treatment visualization and personalization, which is expected to significantly improve patient treatment experiences and outcomes.
- Technological Integration: By incorporating ANT Neuro's FDA-cleared technology, the NeuroStar system will enable real-time spatial tracking and 3D visualization, enhancing consistency and confidence throughout the treatment process, thereby improving the quality of healthcare services.
- Market Leadership: With the largest installed base of TMS systems in the U.S., this collaboration will further solidify Neuronetics' leadership position in the rapidly evolving TMS market, addressing healthcare providers' increasing demand for advanced technologies.
- Industry Showcase Plans: The partnership will be showcased at the upcoming American Psychiatric Association Annual Meeting and the Clinical TMS Society Annual Meeting, with broader rollout plans set for the second half of 2026, aiming to expand market influence further.
See More
Neuronetics Q1 2026 Earnings Call Insights
- Performance in Line: Neuronetics reported total revenue of $34.5 million in Q1, with NeuroStar contributing $12.9 million; however, TMS volumes were slightly below last year due to weather disruptions, indicating market volatility.
- Cost Structure Optimization: The company implemented measures to realign its cost structure, expected to yield annual savings of approximately $2.5 million to $3 million, with net savings beginning in Q3, aiming to enhance profitability and cash flow to ensure financial health.
- Leadership Transition: New CEO Daniel Reuvers noted the departure of former CFO Steve Fansteel earlier this month, with an active search for his successor underway, which may impact the stability of strategic execution.
- Stable Future Outlook: Management maintained its 2026 total revenue guidance between $160 million and $166 million; despite cash flow pressures, operating cash flow is projected to improve sequentially in Q2, reflecting confidence in future growth.
See More
Neuronetics Q1 Earnings Report Analysis
- Earnings Performance: Neuronetics reported a Q1 GAAP EPS of -$0.16, indicating a loss, yet revenue reached $34.5 million, reflecting a 9.9% year-over-year growth, showcasing the company's potential for growth even in adversity.
- Revenue Growth: The revenue increase, despite challenges, suggests strong market demand for Neuronetics' products, potentially laying the groundwork for a future stock rebound.
- Executive Change: CFO Steven Pfanstiel is set to depart, with the company initiating a search for a successor, which may impact investor confidence in the company's future financial management.
- Market Evaluation: While Neuronetics is considered a highly speculative stock, its revenue growth could attract investor interest, particularly amid overall market underperformance.
See More
Neuronetics Projects FY Revenue Between USD 160 Million and USD 166 Million
Company Overview: NeuroNetics is focused on developing innovative solutions in the field of neuroscience and mental health.
Financial Performance: The company reported a revenue range of $160 million to $166 million for the fiscal year.
See More
Neuronetics Appoints New Senior VP of Sales
- Executive Appointment: Neuronetics appointed Robert Greene as Senior Vice President of Sales effective June 1, 2026, bringing extensive experience in commercial strategy and sales leadership within the healthcare sector, which is expected to enhance the company's sales performance.
- Stock Incentive Plan: In accordance with Nasdaq Listing Rule 5635(c)(4), the Compensation Committee authorized the grant of 200,000 restricted stock units to Greene, vesting in four equal annual installments, aimed at attracting and retaining top executive talent.
- Product Innovation: The NeuroStar Advanced Therapy is the leading transcranial magnetic stimulation (TMS) treatment for major depressive disorder, backed by the largest clinical data set, demonstrating significant effectiveness in improving patient quality of life when traditional medications fail.
- Market Expansion: Through its Greenbrook TMS centers across the U.S., Neuronetics is expanding its market presence in mental health by offering NeuroStar therapy, addressing the growing demand for non-drug treatment options for mental health disorders.
See More
Neuronetics Participates as Silver Sponsor at 2026 CTMSS Annual Meeting
- Scientific Commitment: Neuronetics participates as a Silver Sponsor at the 2026 Clinical TMS Society Annual Meeting, showcasing real-world data from its TrakStar database, emphasizing the company's leadership in TMS research aimed at enhancing understanding of mental health conditions.
- Multiple Research Findings: The company will present various studies related to transcranial magnetic stimulation (TMS), including effectiveness for major depressive disorder and real-world antidepressant outcomes in adolescents, which are expected to provide significant insights for the mental health field.
- Innovative Training Course: Neuronetics will also participate in the PULSES Course to demonstrate NeuroStar's navigation capabilities, further underscoring its commitment to innovation in mental health treatment and enhancing therapeutic outcomes through collaboration with ANT Neuro.
- Market Leadership: As the leading TMS system for treating major depressive disorder, Neuronetics' NeuroStar therapy combines the largest clinical data set in the industry, showcasing its strategic importance in providing effective treatment options.
See More
Neuronetics Partners with ANT Neuro to Enhance NeuroStar Therapy
- Strategic Partnership: Neuronetics has formed a partnership with ANT Neuro to integrate the visor2™ neuronavigation system with NeuroStar TMS, aiming to enhance treatment visualization and personalization, which is expected to significantly improve patient treatment experiences and outcomes.
- Technological Integration: By incorporating ANT Neuro's FDA-cleared technology, the NeuroStar system will enable real-time spatial tracking and 3D visualization, enhancing consistency and confidence throughout the treatment process, thereby improving the quality of healthcare services.
- Market Leadership: With the largest installed base of TMS systems in the U.S., this collaboration will further solidify Neuronetics' leadership position in the rapidly evolving TMS market, addressing healthcare providers' increasing demand for advanced technologies.
- Industry Showcase Plans: The partnership will be showcased at the upcoming American Psychiatric Association Annual Meeting and the Clinical TMS Society Annual Meeting, with broader rollout plans set for the second half of 2026, aiming to expand market influence further.
See More
Neuronetics Q1 2026 Earnings Call Insights
- Performance in Line: Neuronetics reported total revenue of $34.5 million in Q1, with NeuroStar contributing $12.9 million; however, TMS volumes were slightly below last year due to weather disruptions, indicating market volatility.
- Cost Structure Optimization: The company implemented measures to realign its cost structure, expected to yield annual savings of approximately $2.5 million to $3 million, with net savings beginning in Q3, aiming to enhance profitability and cash flow to ensure financial health.
- Leadership Transition: New CEO Daniel Reuvers noted the departure of former CFO Steve Fansteel earlier this month, with an active search for his successor underway, which may impact the stability of strategic execution.
- Stable Future Outlook: Management maintained its 2026 total revenue guidance between $160 million and $166 million; despite cash flow pressures, operating cash flow is projected to improve sequentially in Q2, reflecting confidence in future growth.
See More
Neuronetics Q1 Earnings Report Analysis
- Earnings Performance: Neuronetics reported a Q1 GAAP EPS of -$0.16, indicating a loss, yet revenue reached $34.5 million, reflecting a 9.9% year-over-year growth, showcasing the company's potential for growth even in adversity.
- Revenue Growth: The revenue increase, despite challenges, suggests strong market demand for Neuronetics' products, potentially laying the groundwork for a future stock rebound.
- Executive Change: CFO Steven Pfanstiel is set to depart, with the company initiating a search for a successor, which may impact investor confidence in the company's future financial management.
- Market Evaluation: While Neuronetics is considered a highly speculative stock, its revenue growth could attract investor interest, particularly amid overall market underperformance.
See More
Neuronetics Projects FY Revenue Between USD 160 Million and USD 166 Million
Company Overview: NeuroNetics is focused on developing innovative solutions in the field of neuroscience and mental health.
Financial Performance: The company reported a revenue range of $160 million to $166 million for the fiscal year.
See More
