NeuroPace Inc(NPCE)Stock Analysis
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Rank #2,353 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NPCE Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NeuroPace Inc (NPCE), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores NPCE at 30.5/100 on a 32-signal composite quality model, placing it at rank #2,353 of 2,879 stocks — the bottom half of the AI-ranked universe. NPCE scores in the top quartile across revenue growth (81.3). Areas of concern include balance sheet strength (9.9) and free cash flow (14.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 15.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), NeuroPace Inc reports quarterly revenue of $22.1M, net income of $-6.7M, free cash flow of $-6.0M. Top institutional holders of NPCE by reported 13-F value include Polar Capital Holdings Plc, Soleus Capital Management, L.P., MORGAN STANLEY, based on the most recent SEC filings. NPCE trades on the Nasdaq exchange and files with the SEC under CIK 1528287. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NPCE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NeuroPace Inc directly from SEC EDGAR. NeuroPace Inc's 13F Pro composite quality score has ranged between 8 and 58 since 2022, currently 30.5 — a stable long-term trajectory across 52 quarterly and live scoring snapshots.
Revenue
Q1 2026
$22.1M
Net Income
Q1 2026
$-6.7M
Free Cash Flow
Q1 2026
$-6.0M
D/E Ratio
Q1 2026
4.08
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+25.1% YoYNet Income
+20.9% YoYOperating Income
+24.6% YoYEPS (Diluted)
+29.0% YoYTotal Assets
+11.5% YoYTotal Debt
-1.1% YoYOp. Cash Flow
+38.7% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $100.0M +25.1% | $79.9M +75.5% | $45.5M +0.7% | $45.2M +9.8% | $41.1M | — |
| Net Income | $-21.5M +20.9% | $-27.1M +42.4% | $-47.1M -30.5% | $-36.1M -48.6% | $-24.3M | — |
| Operating Income | $-16.3M +24.6% | $-21.7M +46.9% | $-40.8M -71.9% | $-23.7M -81.9% | $-13.1M | — |
| EPS (Diluted) | $-0.66 +29.0% | $-0.93 +51.3% | $-1.91 +12.0% | $-2.17 +98.2% | $-117.85 | — |
| Total Assets | $105.6M +11.5% | $94.6M -17.1% | $114.1M -14.6% | $133.6M +138.7% | $56.0M | — |
| Total Debt | $58.9M -1.1% | $59.5M +12.5% | $52.9M +6.2% | $49.8M -5.7% | $52.9M | — |
| Operating Cash Flow | $-11.0M +38.7% | $-17.9M +51.3% | $-36.9M -50.0% | $-24.6M -13.7% | $-21.6M | — |
AI Insight: NPCE Financial Trends
Revenue growth stalled in Q1 2026 after reaching $27M peak, while operating cash flow turned negative again despite late-2025 improvement.
• Revenue grew from $19M (Q2 2024) to $27M (Q3–Q4 2025), a 42% increase over 18 months, then declined to $22M in Q1 2026.
• Operating margin improved from -32% (Q2 2024) to -7% (Q4 2025), but deteriorated to -27% in Q1 2026.
• Operating cash flow moved positive $1M in Q4 2025, first positive quarter, but reverted to -$6M in Q1 2026.
⚠ Equity halved from $24M (Q1 2025) to $14M (Q1 2026); persistent net losses eroding book value.
⚠ Q1 2026 revenue decline and negative cash flow suggest seasonality or demand weakness after late-2025 plateau.
AI Insight: NPCE Ratio Trends
Profitability collapsed in Q1 2026 after three quarters of steady margin improvement, signaling a sharp operational or seasonal reversal.
• Operating margin deteriorated to -25.2% in Q1 2026 from -6.7% in Q4 2025, unwinding nine months of gains from -32.4% baseline.
• ROIC swung to -30.3% in Q1 2026 versus -9.1% in Q4 2025, largest quarterly decline in the dataset, destroying shareholder value.
• Debt-to-equity rose to 4.08x in Q1 2026 from 3.09x in Q4 2025, reversing deleveraging trend and increasing financial risk.
⚠ Q1 2026 reversal is severe and unexplained by data alone; verify if seasonal, one-off charge, or structural deterioration.
⚠ Company remains deeply unprofitable across all metrics; path to positive returns unclear and capital efficiency remains negative.
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Available Research
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Top Institutional Holders of NPCE
Polar Capital Holdings Plc
$43.4M3,298,104 shSoleus Capital Management, L.P.
$38.6M2,932,207 shMORGAN STANLEY
$33.8M2,566,839 shFirst Light Asset Management, LLC
$32.3M2,459,966 shBlackRock, Inc.
$30.9M2,346,333 shORBIMED ADVISORS LLC
$27.6M2,096,527 shDRIEHAUS CAPITAL MANAGEMENT LLC
$19.1M1,451,611 shVANGUARD CAPITAL MANAGEMENT LLC
$14.8M1,123,711 shDEUTSCHE BANK AG\
$12.3M932,090 shARMISTICE CAPITAL, LLC
$9.1M692,000 sh
| Fund | Value | Shares |
|---|---|---|
| Polar Capital Holdings Plc | $43.4M | 3,298,104 |
| Soleus Capital Management, L.P. | $38.6M | 2,932,207 |
| MORGAN STANLEY | $33.8M | 2,566,839 |
| First Light Asset Management, LLC | $32.3M | 2,459,966 |
| BlackRock, Inc. | $30.9M | 2,346,333 |
| ORBIMED ADVISORS LLC | $27.6M | 2,096,527 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $19.1M | 1,451,611 |
| VANGUARD CAPITAL MANAGEMENT LLC | $14.8M | 1,123,711 |
| DEUTSCHE BANK AG\ | $12.3M | 932,090 |
| ARMISTICE CAPITAL, LLC | $9.1M | 692,000 |
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Popular Research
Is NPCE a good stock to buy?
13F Pro's AI-powered analysis of NeuroPace Inc (NPCE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NPCE are available on the NPCE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NPCE?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NPCE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NeuroPace Inc's investment landscape.