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TMCITreace Medical Concepts, Inc.
$4.03$261M
Overview & Tools
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TMCI logo

Treace Medical Concepts, Inc.

TMCI
NASDAQ · Medical Devices
$4.03
At close - Nov 6, 4:00 PM EST - USD
Market Cap$261M
P/E-4.7x
52W High$5.25
Volume596.72K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Contracting Revenue And Leverage Spike Pressure TMCI

Treace's revenue growth has inverted from +21.1% in 2024Q1 to -4.2% in 2026Q2, the first outright contractions in the ten-quarter series, while gross margin held in a tight 78.5%-80.7% band, suggesting the core franchise is losing demand momentum rather than facing pricing erosion.

GrowthContracting
ProfitabilityWeak
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

TMCI price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-119% Peers

P/E is 119% below peer median

03

Market leadership

RS 94 · Leader

High momentum (Outperforming 94% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Feb 6

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TMCI+61.20%
S&P 500 (^GSPC)+7.63%
1-Year Return
TMCI-35.31%
S&P 500 (^GSPC)+9.69%
3-Year Return
TMCI-62.82%
S&P 500 (^GSPC)+65.04%
5-Year Return
TMCI-82.87%
S&P 500 (^GSPC)+53.14%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$213M+1.6% YoY
Net income FY25
-$59M-5.8% YoY
Free cash flow FY25
-$29M+39.5% YoY
Operating margin FY25
-25.5%+1.1 pts YoY
ROIC (FY25)-31%
Avg ROIC 5Y-40.5%
ROE (TTM)-75.9%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 6, 2026
-$0.19+25.2%
vs -$0.25
$48M+0.9%
vs $48M
Q3 2026
Aug 7, 2026
-$0.24+19.5%
vs -$0.30
$45M+3.1%
vs $44M
Q2 2026
May 8, 2026
-$0.28+9.7%
vs -$0.31
$47M+2.7%
vs $46M
Q1 2026
Feb 27, 2026
-$0.12+21.0%
vs -$0.15
$63M+1.1%
vs $62M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Treace Medical Concepts, Inc. (TMCI) Q3 2026 Earnings Call Transcript

Treace Medical Concepts, Inc. ( TMCI ) Q3 2026 Earnings Call November 6, 2026 8:00 AM EST Company Participants Trip Taylor John Treace - Founder, Chairman & CEO Mark Hair - Chief Financial Officer Conference Call Participants Ryan Zimmerman - BTIG, LLC, Research Division Benjamin Haynor - Lake Street Capital Markets, LLC, Research Division Frederick Wise - Stifel, Nicolaus & Company, Incorporated, Research Division Presentation Operator Thank you for standing by, and welcome to Treace Medical Concepts Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

MarketBeat·1d ago
What Treace Medical Concepts (TMCI) Said on Its Q3 Earnings Call

Treace Medical Concepts NASDAQ: TMCI reported a 4% decline in third-quarter revenue as a shift toward lower-priced products and lower bunion procedure kit sales offset growth in procedure volumes. The company narrowed its full-year revenue outlook and said it expects to return to growth in the fourth quarter.

Zacks Investment Research·2d ago
Treace Medical Concepts (TMCI) Reports Q3 Loss, Tops Revenue Estimates

Treace Medical Concepts (TMCI) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to a loss of $0.26 per share a year ago.

GlobeNewsWire·2d ago
Treace Medical Concepts Reports Third Quarter 2026 Financial Results

PONTE VEDRA, Fla., Nov. 06, 2026 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. ("Treace" or the "Company") (NasdaqGS: TMCI), a medical technology company with the goal of being the recognized leader in the surgical treatment of bunions and other foot & ankle conditions, today reported financial results for the third quarter ended September 30, 2026.

Filtered for Treace Medical Concepts, Inc.More Headlines
04

Compare before deciding

Benchmark TMCI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Treace Medical Concepts, Inc. (TMCI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TMCI logoTMCITreace Medical Concepts, Inc.Current
$4.03$261.44M-4.731.59%-27.44%-75.93%—
ANGO logoANGOAngioDynamics, Inc.
$11.73$484.83M-14.979.46%-10.12%-19.25%—
NVCR logoNVCRNovocure Ltd
$13.28$1.54B-12.748.28%-16.78%-35.81%—
ATEC logoATECAlphatec Holdings, Inc.
$7.44$1.14B-13.4824.95%-10.35%-547.17%—
OSUR logoOSUROraSure Technologies, Inc.
$3.44$236.84M-4.91-38.1%-43.7%-14.73%—
PRCT logoPRCTPROCEPT BioRobotics Corporation
$20.62$1.17B-10.2937.22%-32.6%-33.23%—

Compare TMCI vs Peers

Treace Medical Concepts, Inc. (TMCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ANGO

Most directly comparable listed peer for TMCI.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare TMCI against a more recognizable public peer.

Peer Set

Compare Top 5

vs ANGO, NVCR, ATEC, OSUR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TMCI SEC Filings & Documents

Treace Medical Concepts, Inc. (TMCI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 7, 2026·SEC

Material company update

May 20, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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TMCI Frequently Asked Questions

Treace Medical Concepts, Inc. (TMCI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Treace Medical Concepts, Inc.'s revenue?

Treace Medical Concepts, Inc. (TMCI) reported $203.3M in revenue over the trailing twelve months. Revenue was $212.7M in fiscal year 2025. That is 440% more than the $39.4M of fiscal year 2019.

How fast is Treace Medical Concepts, Inc. growing?

Treace Medical Concepts, Inc. (TMCI) revenue fell by 7.1% over the trailing twelve months, compared with the twelve months before.

Is TMCI profitable?

No. Treace Medical Concepts, Inc. (TMCI) reported a net loss of $55.8M over the trailing twelve months.

Dividend & Returns
What is TMCI's return on equity?

Treace Medical Concepts, Inc. (TMCI) had a return on equity (ROE) of -75.9% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Treace Medical Concepts, Inc.'s free cash flow?

Treace Medical Concepts, Inc. (TMCI) had negative free cash flow of $18.6M over the trailing twelve months.

What if you invested $1,000 in TMCI back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

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