NeuroPace - Public Comps and Valuation Multiples

NeuroPace Overview

About NeuroPace

NeuroPace Inc is a commercial-stage medical device company focused on transforming the lives of people suffering from epilepsy by reducing or eliminating the occurrence of debilitating seizures. It derives substantially all of its revenue from the sales of RNS Systems to hospital facilities (typically Level 4 CECs) that implant RNS Systems.

Founded

1997

HQ

Employees

184

Website

neuropace.com

Sectors

Medical Devices
DeepTech
HealthTech

Financials

LTM Revenue $92.5M

LTM EBITDA -$13.4M

EV

$354M

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

NeuroPace Financials

As of September 2025, NeuroPace reported last 12-month revenue of $92.5M and EBITDA of -$13.4M.

In the same period, NeuroPace generated $69.5M in LTM gross profit and -$27.7M in net income.

See NeuroPace valuation multiples based on analyst estimates

NeuroPace P&L

In the most recent fiscal year, NeuroPace reported revenue of $79.9M and EBITDA of -$16.6M.

NeuroPace expects next 12-month revenue of XXX and NTM EBITDA of XXX

See NeuroPace valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$92.5M	XXX	$79.9M	XXX	XXX	XXX
Gross Profit	$69.5M	XXX	$59.1M	XXX	XXX	XXX
Gross Margin	75%	XXX	74%	XXX	XXX	XXX
EBITDA	-$13.4M	XXX	-$16.6M	XXX	XXX	XXX
EBITDA Margin	-15%	XXX	-21%	XXX	XXX	XXX
EBIT	-$22.0M	XXX	-$21.7M	XXX	XXX	XXX
EBIT Margin	-24%	XXX	-27%	XXX	XXX	XXX
Net Profit	-$27.7M	XXX	-$27.1M	XXX	XXX	XXX
Net Margin	-30%	XXX	-34%	XXX	XXX	XXX
Net Debt	XXX	XXX	$46.1M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for NeuroPace including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $92.5M. EBITDA for the last twelve months was -$13.4M. In the most recent fiscal year, NeuroPace achieved $79.9M in revenue and -$16.6M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$92.5M	Analyst estimates available to subscribers	$79.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$69.5M	Analyst estimates available to subscribers	$59.1M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	75.2% gross margin	Analyst estimates available to subscribers	73.9% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	-$13.4M	Analyst estimates available to subscribers	-$16.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	-14.5% EBITDA margin	Analyst estimates available to subscribers	-20.7% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$22.0M	Analyst estimates available to subscribers	-$21.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-23.8% EBIT margin	Analyst estimates available to subscribers	-27.1% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$27.7M	Analyst estimates available to subscribers	-$27.1M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-29.9% net profit margin	Analyst estimates available to subscribers	-34.0% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$46.1M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for NeuroPace

This financial data table provides comprehensive performance metrics for NeuroPace, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

NeuroPace generated $92.5M in revenue over the last twelve months.
The company achieved -$13.4M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $69.5M.
Net income over the last twelve months reached -$27.7M.

Fiscal Year Performance

In the most recent fiscal year, NeuroPace reported $79.9M in total revenue.
Fiscal year EBITDA was -$16.6M.
The company maintained a gross profit margin of 73.9% in the most recent fiscal year.
EBITDA margin for the fiscal year was -20.7%.
Net profit margin reached -34.0% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for NeuroPace. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

NeuroPace Stock Performance

NeuroPace has current market cap of $344M, and EV of $354M.

Market Cap Evolution

NeuroPace Stock Data

As of October 17, 2025, NeuroPace's stock price is $10.

See NeuroPace trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$354M	$344M	XXX	XXX	XXX	XXX	$-0.87

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

NeuroPace Valuation Multiples

NeuroPace's trades at 4.4x EV/Revenue multiple, and -21.3x EV/EBITDA.

See valuation multiples for NeuroPace and 15K+ public comps

NeuroPace Financial Valuation Multiples

As of October 17, 2025, NeuroPace has market cap of $344M and EV of $354M.

Equity research analysts estimate NeuroPace's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

NeuroPace has a P/E ratio of -12.4x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$344M	XXX	$344M	XXX	XXX	XXX
EV (current)	$354M	XXX	$354M	XXX	XXX	XXX
EV/Revenue	3.8x	XXX	4.4x	XXX	XXX	XXX
EV/EBITDA	-26.3x	XXX	-21.3x	XXX	XXX	XXX
EV/EBIT	-16.1x	XXX	-16.3x	XXX	XXX	XXX
EV/Gross Profit	5.1x	XXX	n/a	XXX	XXX	XXX
P/E	-12.4x	XXX	-12.7x	XXX	XXX	XXX
EV/FCF	-18.5x	XXX	-19.4x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get NeuroPace Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

NeuroPace Margins & Growth Rates

NeuroPace's last 12 month revenue growth is 8%

NeuroPace's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.4M for the same period.

NeuroPace's rule of 40 is -26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

NeuroPace's rule of X is 7% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for NeuroPace and other 15K+ public comps

NeuroPace Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	8%	XXX	13%	XXX	XXX	XXX
EBITDA Margin	-15%	XXX	-21%	XXX	XXX	XXX
EBITDA Growth	-29%	XXX	n/a	XXX	XXX	XXX
Rule of 40	-26%	XXX	-12%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	7%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	30%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	101%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial