PROCEPT BioRobotics Reports Third Quarter 2025 Financial Results and Issues 2026 Revenue Guidance
Rhea-AI Summary
PROCEPT BioRobotics (Nasdaq: PRCT) reported third-quarter 2025 results with Q3 revenue of $83.3M, up 43% year‑over‑year, and U.S. handpiece and consumables revenue of $44.4M (+50% YoY). The U.S. installed base reached 653 systems after adding 58 systems in the quarter. Gross margin expanded to 65%. Net loss was $21.4M and adjusted EBITDA loss improved to $7.4M in Q3. Cash and equivalents totaled $297.3M as of September 30, 2025. The company reiterated 2025 revenue guidance of about $325.5M and issued 2026 revenue guidance of $410–$430M (growth 26%–32%).
Positive
- Q3 revenue $83.3M (+43% YoY)
- U.S. handpiece revenue $44.4M (+50% YoY)
- Install base reached 653 systems after adding 58 systems
- Gross margin improved to 65%
Negative
- Net loss $21.4M in Q3
- Operating expenses $77.2M in Q3 (vs $59.3M prior year)
- Full‑year 2025 adjusted EBITDA loss guidance of $35.0M
News Market Reaction 26 Alerts
On the day this news was published, PRCT gained 1.48%, reflecting a mild positive market reaction. Argus tracked a trough of -7.3% from its starting point during tracking. Our momentum scanner triggered 26 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $28M to the company's valuation, bringing the market cap to $1.95B at that time. Trading volume was elevated at 2.2x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
SAN JOSE, Calif., Nov. 04, 2025 (GLOBE NEWSWIRE) -- PROCEPT BioRobotics® Corporation (Nasdaq: PRCT) (the “Company”), a surgical robotics company focused on advancing patient care by developing transformative solutions in urology, today reported unaudited financial results for the quarter ended September 30, 2025.
Recent Highlights
- Total revenue of
$83.3 million for the third quarter of 2025, an increase of43% compared to the prior year period in 2024 - U.S. handpiece and consumables revenue of
$44.4 million for the third quarter of 2025, an increase of50% compared to the prior year period in 2024 - The installed base in the U.S. increased by 58 robotic systems in the third quarter of 2025
- U.S. system and rental revenue of
$24.7 million for the third quarter of 2025, an increase of26% compared to the prior year period in 2024 - International revenue of
$9.4 million for the third quarter of 2025, an increase of53% compared to the prior year period in 2024 - Maintained fiscal year 2025 total revenue guidance of approximately
$325.5 million , an increase of45% compared to the prior year period in 2024 - Issued fiscal year 2026 total revenue guidance in the range of
$410 t o$430 million , representing growth of26% to32% compared to fiscal 2025 revenue guidance of$325.5 million .
“In my initial weeks as CEO, I am pleased to report we delivered a strong performance. We accelerated U.S. system placements, demonstrating strong demand for the HYDROS® Robotic System, and achieved
Third Quarter 2025 Financial Results
Total revenue for the third quarter of 2025 was
Gross margin for the third quarter 2025 was
Operating expenses in the third quarter of 2025 were
Net loss was
Cash, cash equivalents and restricted cash balances as of September 30, 2025, totaled
Full Year 2025 Financial Guidance
- The Company reiterates revenue for the full year 2025 to be approximately
$325.5 million , which represents45% growth over the Company’s prior year revenue. - The Company expects full year 2025 gross margins in the range of
64.0% to64.5% . The Company expects a gross margin headwind of approximately$2.0 million in the fourth quarter, attributable to tariff-related costs. - The Company reiterates full year 2025 total operating expense of approximately
$302.0 million . - The Company reiterates full year 2025 Adjusted EBITDA loss to be approximately (
$35.0) million .
Full Year 2026 Financial Guidance
- The Company projects revenue for the full year 2026 to be in the range of
$410 t o$430 million , which represents growth of26% to32% over the Company’s 2025 revenue guidance range.
Adjusted EBITDA is a financial measure that is not prepared in accordance with generally accepted accounting principles in the United States (GAAP). For more information about the Company’s use of non-GAAP financial measures, please see the section below titled “Use of Non-GAAP Financial Measures (Unaudited).
Webcast and Conference Call Information
PROCEPT BioRobotics will host a conference call to discuss the third quarter 2025 financial results on Tuesday, November 4, 2025, at 4:30 p.m. Eastern Time.
Investors interested in listening to the conference call may do so by following one of the below links:
- Webcast link for interested listeners:
- Dial-in registration for sell-side research analysts:
About PROCEPT BioRobotics Corporation
PROCEPT BioRobotics’ mission is to revolutionize BPH treatment globally in partnership with urologists by delivering best-in-class robotic solutions that positively impact patients and drive value. PROCEPT BioRobotics manufactures the AQUABEAM® and HYDROS® Robotic Systems. The HYDROS® Robotic System is the only AI-Powered, robotic technology that delivers Aquablation therapy. PROCEPT BioRobotics designed Aquablation therapy to deliver effective, safe, and durable outcomes for males suffering from lower urinary tract symptoms or LUTS, due to BPH that are independent of prostate size and shape or surgeon experience. BPH is the most common prostate disease and impacts approximately 40 million men in the United States. The Company has developed a significant and growing body of clinical evidence with over 150 peer-reviewed publications, supporting the benefits and clinical advantages of Aquablation therapy.
Use of Non-GAAP Financial Measures (Unaudited)
This press release references Adjusted EBITDA, a financial measure that is not prepared in accordance with generally accepted accounting principles in the United States (GAAP). The Company defines Adjusted EBITDA as earnings before interest expense, taxes, depreciation and amortization and stock-based compensation. Non-GAAP financial measures are not a substitute for or superior to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to any other performance measures derived in accordance with GAAP.
The Company believes that presenting Adjusted EBITDA provides useful supplemental information to investors about the Company in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in financial and operational decision making. However, there are a number of limitations related to the use of non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore any non-GAAP measures the Company uses may not be directly comparable to similarly titled measures of other companies.
Forward Looking Statements
This release contains forward‐looking statements within the meaning of federal securities laws, including with respect to the Company’s projected financial performance for full year 2025 and 2026, statements regarding the potential utilities, values, benefits and advantages of Aquablation therapy performed using PROCEPT BioRobotics’ products, including AquaBeam or Hydros Robotic Systems, which involve risks and uncertainties that could cause the actual results to differ materially from the anticipated results and expectations expressed in these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are only predictions based on the Company’s current expectations, estimates, and assumptions, valid only as of the date they are made, and subject to risks and uncertainties, some of which the Company is not currently aware. Forward-looking statements may include statements regarding financial guidance, market opportunity and penetration, clinical trial outcomes, the Company’s possible or assumed future results of operations, including descriptions of the Company’s revenues, gross margins, profitability, operating expenses, installed base growth, commercial momentum and overall business strategy. Forward‐looking statements should not be read as a guarantee of future performance or results and may not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward‐looking statements are based on the Company’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward‐looking statements as a result of these risks and uncertainties. These risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the Company’s annual report on Form 10-K filed with the SEC on February 27, 2025, and amended on April 11, 2025, and subsequent quarterly reports on Form 10-Q. PROCEPT BioRobotics does not undertake any obligation to update forward‐looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward‐looking statements contained herein. These forward-looking statements should not be relied upon as representing PROCEPT BioRobotics’ views as of any date subsequent to the date of this press release.
Important Safety Information
All surgical treatments have inherent and associated side effects. For a list of potential side effects visit https://aquablation.com/safety-information/
Investor Contact:
Matt Bacso
VP, Investor Relations and Business Operations
m.bacso@procept-biorobotics.com
| PROCEPT BioRobotics Corporation CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except per share data) | ||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue | $ | 83,327 | $ | 58,370 | $ | 231,671 | $ | 156,262 | ||||||||
| Cost of sales | 29,321 | 21,459 | 81,758 | 62,835 | ||||||||||||
| Gross profit | 54,006 | 36,911 | 149,913 | 93,427 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 18,187 | 16,647 | 52,221 | 47,232 | ||||||||||||
| Selling, general and administrative | 59,011 | 42,691 | 170,510 | 123,099 | ||||||||||||
| Total operating expenses | 77,198 | 59,338 | 222,731 | 170,331 | ||||||||||||
| Loss from operations | (23,192 | ) | (22,427 | ) | (72,818 | ) | (76,904 | ) | ||||||||
| Interest expense | (919 | ) | (1,140 | ) | (2,692 | ) | (3,215 | ) | ||||||||
| Interest and other income, net | 2,700 | 2,593 | 9,783 | 7,562 | ||||||||||||
| Net loss | $ | (21,411 | ) | $ | (20,974 | ) | $ | (65,727 | ) | $ | (72,557 | ) | ||||
| Net loss per share, basic and diluted | $ | (0.38 | ) | $ | (0.40 | ) | $ | (1.19 | ) | $ | (1.41 | ) | ||||
| Weighted-average common shares used to | ||||||||||||||||
| Compute net loss per share attributable to | ||||||||||||||||
| Common shareholders, basic and diluted | 55,727 | 52,011 | 55,366 | 51,550 | ||||||||||||
| PROCEPT BioRobotics Corporation RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA (Unaudited, in thousands) | ||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Net loss | $ | (21,411 | ) | $ | (20,974 | ) | $ | (65,727 | ) | $ | (72,557 | ) | ||||
| Depreciation and amortization expense | 1,619 | 1,328 | 4,681 | 3,781 | ||||||||||||
| Stock-based compensation expense | 14,490 | 8,512 | 36,761 | 22,755 | ||||||||||||
| Interest (income) and interest expense, net | (2,093 | ) | (1,296 | ) | (6,913 | ) | (4,694 | ) | ||||||||
| Adjusted EBITDA | $ | (7,395 | ) | $ | (12,430 | ) | $ | (31,198 | ) | $ | (50,715 | ) | ||||
| PROCEPT BioRobotics Corporation RECONCILIATION OF GAAP NET LOSS TO ADJUSTED 2025 EBITDA Guidance (Unaudited, in thousands) | |||
| 2025 | |||
| Net loss | $ | (84,500 | ) |
| Depreciation and amortization expense | 6,800 | ||
| Stock-based compensation expense | 51,000 | ||
| Interest (income) and interest expense, net | (8,300 | ) | |
| Adjusted EBITDA | $ | (35,000 | ) |
PROCEPT BioRobotics Corporation
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands)
| September 30, 2025 | December 31, 2024 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 294,281 | $ | 333,725 | ||||
| Accounts receivable, net | 84,504 | 83,496 | ||||||
| Inventory | 66,715 | 56,168 | ||||||
| Prepaid expenses and other current assets | 9,252 | 8,453 | ||||||
| Total current assets | 454,752 | 481,842 | ||||||
| Restricted cash, non-current | 3,038 | 3,038 | ||||||
| Property and equipment, net | 30,022 | 26,709 | ||||||
| Operating lease right-of-use assets, net | 17,904 | 18,941 | ||||||
| Intangible assets, net | 727 | 932 | ||||||
| Other assets | 5,098 | 2,555 | ||||||
| Total assets | $ | 511,541 | $ | 534,017 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 11,118 | $ | 10,032 | ||||
| Accrued compensation | 21,797 | 21,537 | ||||||
| Deferred revenue | 10,665 | 9,565 | ||||||
| Operating leases, current | 2,135 | 1,910 | ||||||
| Loan facility liability | — | 2,000 | ||||||
| Other current liabilities | 8,183 | 8,089 | ||||||
| Total current liabilities | 53,898 | 53,133 | ||||||
| Long-term debt | 51,566 | 51,472 | ||||||
| Operating leases, non-current | 25,225 | 26,868 | ||||||
| Other liabilities | 576 | 324 | ||||||
| Total liabilities | 131,265 | 131,797 | ||||||
| Stockholders’ equity: | ||||||||
| Additional paid-in capital | 991,945 | 948,091 | ||||||
| Accumulated other comprehensive gain | 42 | 114 | ||||||
| Accumulated deficit | (611,711 | ) | (545,985 | ) | ||||
| Total stockholders’ equity | 380,276 | 402,220 | ||||||
| Total liabilities and stockholders’ equity | $ | 511,541 | $ | 534,017 | ||||
PROCEPT BioRobotics Corporation
REVENUE BY TYPE AND GEOGRAPHY
(Unaudited, in thousands)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| U.S. | ||||||||||||
| System sales and rentals | $ | 24,747 | $ | 19,643 | $ | 65,400 | $ | 50,978 | ||||
| Handpieces and other consumables | 44,411 | 29,620 | 125,668 | 81,217 | ||||||||
| Service | 4,754 | 2,952 | 12,723 | 7,888 | ||||||||
| Total U.S. revenue | 73,912 | 52,215 | 203,791 | 140,083 | ||||||||
| Outside of U.S. | ||||||||||||
| System sales and rentals | 3,391 | 3,155 | 10,179 | 7,974 | ||||||||
| Handpieces and other consumables | 5,316 | 2,616 | 15,805 | 7,230 | ||||||||
| Service | 708 | 384 | 1,896 | 975 | ||||||||
| Total outside of U.S. revenue | 9,415 | 6,155 | 27,880 | 16,179 | ||||||||
| Total revenue | $ | 83,327 | $ | 58,370 | $ | 231,671 | $ | 156,262 | ||||
FAQ
What were PROCEPT BioRobotics (PRCT) Q3 2025 revenues and growth?
How much did PRCT generate from U.S. handpieces and consumables in Q3 2025?
What guidance did PROCEPT (PRCT) give for full‑year 2026 revenue on Nov 4, 2025?
What was PROCEPT’s Q3 2025 gross margin and adjusted EBITDA result?
How many HYDROS systems did PROCEPT (PRCT) have in the U.S. as of Sept 30, 2025?
