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High materiality9/10

Neuronetics Q2 2026: Revenue Growth, Margin Expansion, Profitability Path

Aug 11, 2026, 7:53 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The company posted a positive swing in profitability metrics (Adjusted EBITDA) and improving gross margins (51.1%), along with revenue growth and leadership additions. These factors support a more favorable near-term view, especially if Greenbrook continues to scale and cash burn remains on a downward trend. Historically, similar quarterly improvements in margin and cash flow for small-cap healthcare tech names have driven short- to medium-term upside, barring reversals in reimbursement dynamics or slower-than-expected clinic growth.

AI summary

What happened, with direct paths to the underlying reporting

Neuronetics reported Q2 2026 revenue of $41.6 million, up 9.1% YoY, with Greenbrook revenue at $26.9 million, up 16.8%. Adjusted EBITDA turned positive to $0.3 million, while net loss narrowed to $3.4 million. The company reaffirmed 2026 guidance and highlighted leadership changes and a stronger go-to-market, signaling progress toward profitability and reduced cash burn in the second half.

  • Q2 2026 revenue was $41.6M, up 9.1% YoY.
  • Greenbrook revenue was $26.9M, up 16.8% YoY.
  • Adjusted EBITDA turned positive at $0.3M; net loss $3.4M vs $10.1M prior.
  • Leadership changes: Nir Naor named CFO; Cory Anderson; Rob Greene in Sales.
  • Full-year 2026 guidance unchanged: revenue 160–164M; gross margin 48–50%; negative cash flow.

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