NASDAQ · TNON

Tenon Medical, Inc.

Closing price · Nov 13, 2026 $1.41

Latest quarter · ended Jun 30, 2026

Cash got weaker, but sales grew

descriptionFiled Aug 13, 2026
Revenue growthFaster
+126.8%
Quarter ended Sep 30, 2024: −6.0% sales vs. a year beforeQuarter ended Dec 31, 2024: −4.7% sales vs. a year beforeQuarter ended Mar 31, 2025: +1.0% sales vs. a year beforeQuarter ended Jun 30, 2025: −37.4% sales vs. a year beforeQuarter ended Sep 30, 2025: +32.2% sales vs. a year beforeQuarter ended Dec 31, 2025: +92.3% sales vs. a year beforeQuarter ended Mar 31, 2026: +89.9% sales vs. a year beforeQuarter ended Jun 30, 2026: +126.8% sales vs. a year before
Sep '24Jun '26
$1.28M vs. $564K a year ago
Gross marginBetter
63.6%
Quarter ended Sep 30, 2024: 47.1% gross marginQuarter ended Dec 31, 2024: 45.8% gross marginQuarter ended Mar 31, 2025: 44.5% gross marginQuarter ended Jun 30, 2025: 43.4% gross marginQuarter ended Sep 30, 2025: 65.9% gross marginQuarter ended Dec 31, 2025: 68.7% gross marginQuarter ended Mar 31, 2026: 68.5% gross marginQuarter ended Jun 30, 2026: 63.6% gross margin
Sep '24Jun '26
vs. 43.4% a year ago
Cash from operationsWorse
−$2.76M
Quarter ended Sep 30, 2024: −$2.34M cash from operationsQuarter ended Dec 31, 2024: −$2.78M cash from operationsQuarter ended Mar 31, 2025: −$2.48M cash from operationsQuarter ended Jun 30, 2025: −$2.21M cash from operationsQuarter ended Sep 30, 2025: −$3.82M cash from operationsQuarter ended Dec 31, 2025: −$2.22M cash from operationsQuarter ended Mar 31, 2026: −$2.96M cash from operationsQuarter ended Jun 30, 2026: −$2.76M cash from operations
Sep '24Jun '26
vs. −$2.21M a year ago
Share countBuying back
−92.5%
Quarter ended Sep 30, 2024: 3.14M sharesQuarter ended Dec 31, 2024: 5.58M sharesQuarter ended Mar 31, 2025: 7.59M sharesQuarter ended Jun 30, 2025: 8.88M sharesQuarter ended Sep 30, 2025: 8.61M sharesQuarter ended Dec 31, 2025: 11.3M sharesQuarter ended Mar 31, 2026: 11.57M sharesQuarter ended Jun 30, 2026: 667,047 shares
Sep '24Jun '26
667,047 shares vs. 8.88M 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 0
  • info
    No real insider sales in 12 months. Planned 10b5-1 sales and tax withholding are left out.

−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

17 funds report owning TNON, up from 12

Holdings as of Jun 30, 2026
New5
Added1
Held8
Trimmed3
Sold out0

Together they reported 968,615 shares, more than the 667,047 that exist. That happens with 13F data: some shares are counted by more than one manager, and some are lent out. So we show fund counts, not an ownership percent.

Insider trades · last 12 months

Real buys and sales

No open-market buys or sales by officers or directors in the last 12 months. Hidden: 2 stock grants, 9 tax withholdings, 18 option exercises. Press All filings to see them.

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovOption exercise · Jan 1 · 140,936 shOption exercise · Jan 1 · 107,403 sh · 5 peopleOption exercise · Jan 1 · 126,577 shOption exercise · Jan 1 · 58,987 shShares withheld for tax · Jan 5 · $44.1KShares withheld for tax · Jan 5 · $9.36K · 3 peopleShares withheld for tax · Jan 5 · $17.2KOption exercise · Mar 3 · 1,041 shStock grant · May 1 · 204,602 sh · 2 peopleOption exercise · Jul 31 · 140,936 shOption exercise · Jul 31 · 106,822 sh · 5 peopleOption exercise · Jul 31 · 126,577 shOption exercise · Jul 31 · 58,987 shShares withheld for tax · Aug 3 · $8.36KShares withheld for tax · Aug 3 · $8.96KShares withheld for tax · Aug 3 · $2.6KOption exercise · Sep 8 · 30 shShares withheld for tax · Sep 9 · $38
CEOCFOOther officersDirectorsJunJulAugSepOctNovOption exercise · Jul 31 · 140,936 shOption exercise · Jul 31 · 106,822 sh · 5 peopleOption exercise · Jul 31 · 126,577 shOption exercise · Jul 31 · 58,987 shShares withheld for tax · Aug 3 · $8.36KShares withheld for tax · Aug 3 · $8.96KShares withheld for tax · Aug 3 · $2.6KOption exercise · Sep 8 · 30 shShares withheld for tax · Sep 9 · $38

Last 6 months. A wider screen shows 12.

Showing 0 real trades. Hidden: 2 stock grants, 9 tax withholdings, 18 option exercises. Those happen on a schedule and say little about what an insider thinks. Bigger dot means a bigger trade.

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

Top holders

Biggest funds in TNON

As of Jun 30, 2026
FundOwnsValueChange
Warberg Asset Management LLC64.5%$140KNew
Armistice Capital, LLC25.8%$56.2KNew
HRT Financial LP12.7%$27KNew
Geode Capital Management, LLC12.1%$26.3K−52%
Vanguard Capital Management LLC10.8%$23.4KSame

"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.

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