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PROCEPT BioRobotics Corporation (PRCT) 10-Year Financial Performance & Capital Metrics

PRCT • • Industrial / General
HealthcareMedical DevicesSurgical & Minimally Invasive DevicesSurgical Energy & Ablation Systems
AboutPROCEPT BioRobotics Corporation, a surgical robotics company, develops transformative solutions in urology. It develops, manufactures, and sells AquaBeam Robotic System, an image-guided, surgical robotic system for use in minimally-invasive urologic surgery with a focus on treating benign prostatic hyperplasia (BPH). The company also designs Aquablation therapy for males suffering from lower urinary tract symptoms due to BPH. As of December 31, 2021, it had an install base of 130 AquaBeam Robotic Systems worldwide comprising 78 in the United States. PROCEPT BioRobotics Corporation was incorporated in 2007 and is headquartered in Redwood City, California.Show more
  • Revenue $224M +64.8%
  • EBITDA -$91M +13.3%
  • Net Income -$91M +13.7%
  • EPS (Diluted) -1.75 +21.9%
  • Gross Margin 61.07% +17.1%
  • EBITDA Margin -40.7% +47.4%
  • Operating Margin -43.04% +46.3%
  • Net Margin -40.72% +47.6%
  • ROE -26.77% +39.6%
  • ROIC -57.63% +45.6%
  • Debt/Equity 0.20 -29.3%
  • Interest Coverage -23.09 +15.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 105.2%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 14 (bottom 14%)
  • ✗Shares diluted 10.3% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y105.21%
3Y86.74%
TTM50.07%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM15.47%

EPS CAGR

10Y-
5Y-
3Y-
TTM21.54%

ROCE

10Y Avg-41%
5Y Avg-33.42%
3Y Avg-28.22%
Latest-23.01%

Peer Comparison

Surgical Energy & Ablation Systems
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Sector-Specific
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BDMDBaird Medical Investment Holdings Limited45.91M1.252.5517.74%33.62%33%0.53
IVFINVO Fertility, Inc.12.29M0.81-0.03116.25%-417.01%-495.09%0.78
AEMDAethlon Medical, Inc.2.64M2.71-0.03-0.2%0.13
HYPDHyperion DeFi, Inc.27.38M3.35-0.0614.14%-73.86%-36.05%
NAOVNanoVibronix, Inc.1.59M1.46-0.1112.05%-133.04%-8.41%0.19
ALURAllurion Technologies Inc.23.21M1.89-0.16-39.94%-251.56%
RBOTVicarious Surgical Inc.18.48M2.86-0.27-380.42%0.30
TELATELA Bio, Inc.44.09M0.99-0.7418.56%-50.61%-25.05%1.51

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+6.17M7.72M34.47M75.01M136.19M224.5M
Revenue Growth %-0.25%3.47%1.18%0.82%0.65%
Cost of Goods Sold+8.05M8.97M18.61M37.93M65.14M87.4M
COGS % of Revenue1.31%1.16%0.54%0.51%0.48%0.39%
Gross Profit+-1.89M-1.25M15.87M37.09M71.05M137.1M
Gross Margin %-0.31%-0.16%0.46%0.49%0.52%0.61%
Gross Profit Growth %-0.33%13.64%1.34%0.92%0.93%
Operating Expenses+41.66M46.55M70.03M117.81M180.22M233.71M
OpEx % of Revenue6.75%6.03%2.03%1.57%1.32%1.04%
Selling, General & Admin28.52M30.27M51.04M88.83M131.77M171.41M
SG&A % of Revenue4.62%3.92%1.48%1.18%0.97%0.76%
Research & Development13.15M16.27M18.99M28.98M48.45M62.3M
R&D % of Revenue2.13%2.11%0.55%0.39%0.36%0.28%
Other Operating Expenses000000
Operating Income+-43.55M-47.8M-54.16M-80.72M-109.17M-96.61M
Operating Margin %-7.06%-6.19%-1.57%-1.08%-0.8%-0.43%
Operating Income Growth %--0.1%-0.13%-0.49%-0.35%0.12%
EBITDA+-42.06M-44.94M-50.84M-77.88M-105.36M-91.38M
EBITDA Margin %-6.82%-5.82%-1.47%-1.04%-0.77%-0.41%
EBITDA Growth %--0.07%-0.13%-0.53%-0.35%0.13%
D&A (Non-Cash Add-back)1.49M2.86M3.32M2.84M3.81M5.23M
EBIT-41.25M-47.76M-54.04M-81.97M-101.9M-87.23M
Net Interest Income+425K-5.08M-5.73M-2.69M3.56M6.71M
Interest Income1.15M184K76K2.5M7.55M10.89M
Interest Expense724K5.26M5.81M5.18M4M4.18M
Other Income/Expense1.57M-5.22M-5.69M-6.43M3.27M5.2M
Pretax Income+-41.98M-53.02M-59.85M-87.15M-105.9M-91.41M
Pretax Margin %-6.8%-6.87%-1.74%-1.16%-0.78%-0.41%
Income Tax+000000
Effective Tax Rate %1%1%1%1%1%1%
Net Income+-41.98M-53.02M-59.85M-87.15M-105.9M-91.41M
Net Margin %-6.8%-6.87%-1.74%-1.16%-0.78%-0.41%
Net Income Growth %--0.26%-0.13%-0.46%-0.22%0.14%
Net Income (Continuing)-41.98M-53.02M-59.85M-87.15M-105.9M-91.41M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-1.25-1.51-3.63-1.96-2.24-1.75
EPS Growth %--0.21%-1.4%0.46%-0.14%0.22%
EPS (Basic)-1.25-1.51-3.63-1.96-2.24-1.75
Diluted Shares Outstanding33.59M35.14M16.48M44.4M47.26M52.13M
Basic Shares Outstanding33.59M35.14M16.48M44.4M47.26M52.13M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+50.36M109.9M326.17M272.63M350.57M481.84M
Cash & Short-Term Investments42.02M100.13M304.32M222.64M257.22M333.73M
Cash Only42.02M100.13M304.32M222.64M257.22M333.73M
Short-Term Investments000000
Accounts Receivable1.1M1.55M4.46M15.27M48.38M83.5M
Days Sales Outstanding65.0273.2647.2674.31129.65135.75
Inventory6.69M7.48M13.15M28.54M39.76M56.17M
Days Inventory Outstanding303304.18257.88274.68222.76234.57
Other Current Assets003.41M6.17M5.21M8.45M
Total Non-Current Assets+11.64M16.07M10.85M36.7M54.15M52.17M
Property, Plant & Equipment8.27M12.91M8.32M32.14M48.99M45.65M
Fixed Asset Turnover0.75x0.60x4.14x2.33x2.78x4.92x
Goodwill000000
Intangible Assets2.29M2.02M1.75M1.48M1.2M932K
Long-Term Investments691K777K777K3.04M3.04M3.04M
Other Non-Current Assets378K356K051K919K2.56M
Total Assets+61.99M125.97M337.02M309.33M404.72M534.02M
Asset Turnover0.10x0.06x0.10x0.24x0.34x0.42x
Asset Growth %-1.03%1.68%-0.08%0.31%0.32%
Total Current Liabilities+6.79M14.53M16.24M35.29M45.93M53.13M
Accounts Payable1.44M1.24M2.03M9.39M13.5M10.03M
Days Payables Outstanding65.4450.4539.890.3775.6441.9
Short-Term Debt06.26M2.1M2.13M1.68M1.91M
Deferred Revenue (Current)106K233K1000K1000K1000K1000K
Other Current Liabilities2.9M2.15M4.61M7.47M8.2M10.09M
Current Ratio7.42x7.57x20.08x7.73x7.63x9.07x
Quick Ratio6.43x7.05x19.27x6.92x6.77x8.01x
Cash Conversion Cycle302.59327265.35258.61276.77328.43
Total Non-Current Liabilities+25.97M50.48M53.69M76.97M78.04M78.66M
Long-Term Debt23.22M44.41M50M51.21M51.34M51.47M
Capital Lease Obligations04.1M1.99M23.98M26.18M26.87M
Deferred Tax Liabilities000000
Other Non-Current Liabilities2.75M1.98M1.7M1.78M517K324K
Total Liabilities32.76M65.01M69.93M112.26M123.97M131.8M
Total Debt+23.22M54.76M54.1M77.32M79.2M80.25M
Net Debt-18.8M-45.37M-250.22M-145.32M-178.02M-253.47M
Debt / Equity0.79x0.90x0.20x0.39x0.28x0.20x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-60.15x-9.09x-9.32x-15.57x-27.33x-23.09x
Total Equity+29.23M60.96M267.09M197.07M280.75M402.22M
Equity Growth %-1.09%3.38%-0.26%0.42%0.43%
Book Value per Share0.871.7316.214.445.947.72
Total Shareholders' Equity29.23M60.96M267.09M197.07M280.75M402.22M
Common Stock000000
Retained Earnings-148.65M-201.67M-261.52M-348.68M-454.57M-545.99M
Treasury Stock000000
Accumulated OCI4K-14K-54K-6K84K114K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-43.82M-48.34M-57.33M-80.38M-108M-99.21M
Operating CF Margin %-7.1%-6.26%-1.66%-1.07%-0.79%-0.44%
Operating CF Growth %--0.1%-0.19%-0.4%-0.34%0.08%
Net Income-41.98M-53.02M-59.85M-87.15M-105.9M-91.41M
Depreciation & Amortization1.49M2.86M3.32M2.84M3.81M5.23M
Stock-Based Compensation1.99M2.17M3.8M10.34M19.13M31.84M
Deferred Taxes00451K000
Other Non-Cash Items-1.8M126K-345K5.08M1.11M2.45M
Working Capital Changes-3.53M-483K-4.71M-11.49M-26.16M-47.33M
Change in Receivables522K-511K-2.91M-10.81M-33.1M-35.96M
Change in Inventory-5.07M-3.1M-6.12M-15.25M-9.75M-17.23M
Change in Payables-260K-205K812K3.96M5.79M-2.15M
Cash from Investing+43.15M-233K-592K-2.65M-25.21M-4.41M
Capital Expenditures-7.61M-233K-592K-2.65M-25.21M-4.41M
CapEx % of Revenue1.23%0.03%0.02%0.04%0.19%0.02%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+26.53M106.77M262.12M3.61M167.79M180.13M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing1.99M5.6M5.04M2.42M6.09M15.6M
Net Change in Cash------
Free Cash Flow+-51.43M-48.58M-57.93M-83.03M-133.21M-103.62M
FCF Margin %-8.34%-6.29%-1.68%-1.11%-0.98%-0.46%
FCF Growth %-0.06%-0.19%-0.43%-0.6%0.22%
FCF per Share-1.53-1.38-3.51-1.87-2.82-1.99
FCF Conversion (FCF/Net Income)1.04x0.91x0.96x0.92x1.02x1.09x
Interest Paid397K3.97M04.29M00
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-143.6%-117.57%-36.49%-37.55%-44.32%-26.77%
Return on Invested Capital (ROIC)--275.51%-250.27%-176.45%-106%-57.63%
Gross Margin-30.56%-16.26%46.02%49.44%52.17%61.07%
Net Margin-680.42%-687.04%-173.62%-116.18%-77.76%-40.72%
Debt / Equity0.79x0.90x0.20x0.39x0.28x0.20x
Interest Coverage-60.15x-9.09x-9.32x-15.57x-27.33x-23.09x
FCF Conversion1.04x0.91x0.96x0.92x1.02x1.09x
Revenue Growth-25.09%346.72%117.6%81.55%64.84%

Revenue by Geography

2021202220232024
UNITED STATES19.38M36.53M124.3M200.47M
UNITED STATES Growth-88.53%240.29%61.28%
Outside the United States2.49M3.2M11.89M24.03M
Outside the United States Growth-28.40%271.57%102.00%

Frequently Asked Questions

Growth & Financials

PROCEPT BioRobotics Corporation (PRCT) reported $299.9M in revenue for fiscal year 2024. This represents a 4762% increase from $6.2M in 2019.

PROCEPT BioRobotics Corporation (PRCT) grew revenue by 64.8% over the past year. This is strong growth.

PROCEPT BioRobotics Corporation (PRCT) reported a net loss of $84.6M for fiscal year 2024.

Dividend & Returns

PROCEPT BioRobotics Corporation (PRCT) has a return on equity (ROE) of -26.8%. Negative ROE indicates the company is unprofitable.

PROCEPT BioRobotics Corporation (PRCT) had negative free cash flow of $79.7M in fiscal year 2024, likely due to heavy capital investments.

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