NASDAQ · NPCE

NeuroPace Inc

Closing price · Nov 13, 2026 $7.56

Latest quarter · ended Sep 30, 2026

Sales slipped and cash got weaker

descriptionFiled Nov 12, 2026
Revenue growthShrinking
−1.1%
Quarter ended Dec 31, 2024: +19.2% sales vs. a year beforeQuarter ended Mar 31, 2025: +24.3% sales vs. a year beforeQuarter ended Jun 30, 2025: +1.3% sales vs. a year beforeQuarter ended Sep 30, 2025: +10.9% sales vs. a year beforeQuarter ended Dec 31, 2025: +80.8% sales vs. a year beforeQuarter ended Mar 31, 2026: −2.0% sales vs. a year beforeQuarter ended Jun 30, 2026: +17.1% sales vs. a year beforeQuarter ended Sep 30, 2026: −1.1% sales vs. a year before
Dec '24Sep '26
$23.1M vs. $23.4M a year ago
Gross marginBetter
84.3%
Quarter ended Dec 31, 2024: 75.4% gross marginQuarter ended Mar 31, 2025: 77.0% gross marginQuarter ended Jun 30, 2025: 83.1% gross marginQuarter ended Sep 30, 2025: 82.1% gross marginQuarter ended Dec 31, 2025: 68.8% gross marginQuarter ended Mar 31, 2026: 81.8% gross marginQuarter ended Jun 30, 2026: 82.8% gross marginQuarter ended Sep 30, 2026: 84.3% gross margin
Dec '24Sep '26
vs. 82.1% a year ago
Cash from operationsWorse
−$2.76M
Quarter ended Dec 31, 2024: −$4.8M cash from operationsQuarter ended Mar 31, 2025: −$7.48M cash from operationsQuarter ended Jun 30, 2025: −$2.09M cash from operationsQuarter ended Sep 30, 2025: −$1.94M cash from operationsQuarter ended Dec 31, 2025: $506K cash from operationsQuarter ended Mar 31, 2026: −$5.9M cash from operationsQuarter ended Jun 30, 2026: −$3.9M cash from operationsQuarter ended Sep 30, 2026: −$2.76M cash from operations
Dec '24Sep '26
vs. −$1.94M a year ago
Share countDiluting
+3.4%
Quarter ended Dec 31, 2024: 32.56M sharesQuarter ended Mar 31, 2025: 32.8M sharesQuarter ended Jun 30, 2025: 33.08M sharesQuarter ended Sep 30, 2025: 33.31M sharesQuarter ended Dec 31, 2025: 33.67M sharesQuarter ended Mar 31, 2026: 34.09M sharesQuarter ended Jun 30, 2026: 34.32M sharesQuarter ended Sep 30, 2026: 34.45M shares
Dec '24Sep '26
34.45M shares vs. 33.31M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Mixed Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 −25
  • account_balance
    1 fund bought, 3 sold in the quarter ended Jun 30, 2026, counting funds that hold 500 stocks or fewer and $1M+ of this one. Index funds and banks are left out.
  • info
    1 real insider sale in 12 months. $399K in total, not counting planned sales.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

114 funds report owning NPCE, up from 112

Holdings as of Jun 30, 2026
New21
Added44
Held18
Trimmed31
Sold out19

Last quarter

Who bought and who sold

Apr–Jun 2026
First Light Asset Management, LLC
+16%
Orbimed Advisors LLC
−28%
Essex Investment Management Co LLC
−4%
Topline Capital Management, LLC
Sold

Change in shares held from Mar 31 to Jun 30, 2026, biggest holdings first. Only funds that hold 500 stocks or fewer and $1M+ of this one: index funds and banks own almost everything, so their changes say little. Bars stop at ±100%.

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovShares withheld for tax · Dec 3 · $22.3KStock grant · Dec 19 · $61.8K · 4 peopleShares withheld for tax · Feb 20 · $48.9KShares withheld for tax · Feb 27 · $16.4KShares withheld for tax · Feb 27 · $5.22KShares withheld for tax · Mar 3 · $69.5KShares withheld for tax · Mar 3 · $18.5KStock grant · Mar 20 · $61.8K · 4 peopleShares withheld for tax · Mar 24 · $17.8KStock grant · May 15 · 45,880 shStock grant · May 15 · 5,460 shStock grant · May 15 · 16,820 shShares withheld for tax · May 27 · $19.2KShares withheld for tax · May 27 · $6.11KShares withheld for tax · Jun 3 · $19.9KStock grant · Jun 5 · 17,340 sh · 6 peopleStock grant · Jun 19 · $50.7K · 3 peopleShares withheld for tax · Jun 24 · $5.43KShares withheld for tax · Aug 27 · $15.9KShares withheld for tax · Aug 27 · $5.06KShares withheld for tax · Sep 3 · $19.3KShares withheld for tax · Sep 20 · $16.6KShares withheld for tax · Sep 24 · $4.68KOpen-market sale · Dec 15 · $399K
CEOCFOOther officersDirectorsDecFebAprJunAugOctShares withheld for tax · Dec 3 · $22.3KStock grant · Dec 19 · $61.8K · 4 peopleShares withheld for tax · Feb 20 · $48.9KShares withheld for tax · Feb 27 · $16.4KShares withheld for tax · Feb 27 · $5.22KShares withheld for tax · Mar 3 · $69.5KShares withheld for tax · Mar 3 · $18.5KStock grant · Mar 20 · $61.8K · 4 peopleShares withheld for tax · Mar 24 · $17.8KStock grant · May 15 · 45,880 shStock grant · May 15 · 5,460 shStock grant · May 15 · 16,820 shShares withheld for tax · May 27 · $19.2KShares withheld for tax · May 27 · $6.11KShares withheld for tax · Jun 3 · $19.9KStock grant · Jun 5 · 17,340 sh · 6 peopleStock grant · Jun 19 · $50.7K · 3 peopleShares withheld for tax · Jun 24 · $5.43KShares withheld for tax · Aug 27 · $15.9KShares withheld for tax · Aug 27 · $5.06KShares withheld for tax · Sep 3 · $19.3KShares withheld for tax · Sep 20 · $16.6KShares withheld for tax · Sep 24 · $4.68KOpen-market sale · Dec 15 · $399K

Last 12 months. No real trades in the last 6.

Showing 1 real trade. Hidden: 20 stock grants, 16 tax withholdings. Those happen on a schedule and say little about what an insider thinks. Bigger dot means a bigger trade.

Real trades, newest first

Dec 15 Martha Morrell Chief Medical Officer Open-market sale $399K 25,000 sh at $15.97 Sold 33% of stake

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Top holders

Biggest funds in NPCE

As of Jun 30, 2026
FundOwnsValueChange
Polar Capital Holdings PLC9.6%$52.4MSame
Soleus Capital Management, L.P.8.4%$46.3M−1%
First Light Asset Management, LLC8.3%$45.5M+16%
Morgan Stanley7.7%$42.2M+3%
BlackRock, Inc.7.2%$39.4M+6%

"Owns" is shares reported divided by shares outstanding.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast