Tenon Medical, Inc. (TNON) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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TNON Revenue Growth
Revenue Breakdown (FY 2024)
TNON's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
TNON Revenue Analysis (2019–2024)
As of May 8, 2026, Tenon Medical, Inc. (TNON) generated trailing twelve-month (TTM) revenue of $3.2 million, reflecting explosive growth of +32.2% year-over-year. The most recent quarter (Q3 2025) recorded $1.2 million in revenue, up 108.0% sequentially.
Looking at the longer-term picture, TNON's 5-year compound annual growth rate (CAGR) stands at +127.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $3.3 million in 2024, representing a new all-time high.
Revenue diversification analysis shows TNON's business is primarily driven by Other Operating Segment (100%). With over half of revenue concentrated in Other Operating Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including SIBN (+20.2% YoY), ATEC (-7.4% YoY), and XTNT (+16.9% YoY), TNON has outperformed the peer group in terms of revenue growth. Compare TNON vs SIBN →
TNON Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TNONCurrent | $3M | +32.2% | +127.6% | -420.1% | |
 SIBN | $201M | +20.2% | +22.3% | -11.1% | |
 ATEC | $764M | -7.4% | +39.5% | -10.7% | |
 XTNT | $117M | +16.9% | +12.6% | -10.3% | |
 GMED | $2.9B | +23.5% | +30.1% | 16.3% | |
 OFIX | $822M | +2.6% | +15.1% | -8.3% |
TNON Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $3.3M | +11.9% | $1.7M | 52.2% | $-13,766,000 | -420.1% |
| 2023 | $2.9M | +323.7% | $1.2M | 42.4% | $-15,727,000 | -537.1% |
| 2022 | $691K | +331.9% | $-641,000 | -92.8% | $-18,725,000 | -2709.8% |
| 2021 | $160K | +265.1% | $105K | 65.6% | $-6,461,000 | -4038.1% |
| 2020 | $44K | -18.3% | $26K | 58.3% | $-536,289 | -1223.8% |
| 2019 | $54K | - | $35K | 66.0% | $-533,440 | -994.5% |
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Start ComparisonTNON — Frequently Asked Questions
Quick answers to the most common questions about buying TNON stock.
Is TNON's revenue growth accelerating or slowing?
TNON revenue is accelerating at +32.2% year-over-year, exceeding the 5-year CAGR of +127.6%. TTM revenue reached $3M. Growth momentum has increased versus prior periods.
What is TNON's long-term revenue growth rate?
Tenon Medical, Inc.'s 5-year revenue CAGR of +127.6% reflects the sustained expansion pattern. Current YoY growth of +32.2% is above this long-term average.
How is TNON's revenue distributed by segment?
TNON reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.