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PROCEPT BioRobotics (PRCT) investor relations material
PROCEPT BioRobotics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Achieved Q3 2025 revenue of $83.3M, up 43% year-over-year, driven by strong U.S. and international growth, with U.S. revenue at $73.9M (+42% YoY) and international revenue at $9.4M (+53% YoY).
U.S. installed base reached 653 systems, a 47% increase year-over-year, with global install base at 835 systems.
Aquablation therapy is positioned as a leading BPH treatment, supported by robust clinical evidence and growing adoption.
Organizational changes and new leadership, including CEO transition and new Chief Marketing and Strategy Officer, aim to accelerate commercial execution and international expansion.
Initiatives to increase therapy awareness, patient activation, and improve procedure utilization are central to near- and mid-term strategy.
Financial highlights
Gross margin improved to 65% in Q3 2025, up from 63% in Q3 2024, with full-year 2025 guidance at 64–64.5%.
Operating expenses rose to $77.2M in Q3 2025, up from $59.3M, and are projected at $302M for FY2025.
Net loss was $21.4M in Q3 2025, with adjusted EBITDA loss narrowing to $7.4M from $12.4M YoY.
Cash, cash equivalents, and restricted cash stood at $297M as of September 30, 2025; long-term debt was $52M.
Revenue for the nine months ended September 30, 2025, was $231.7M, up 48% YoY; net loss for the period was $65.7M.
Outlook and guidance
FY2025 revenue guidance is $325.5M (+45% YoY), with FY2026 outlook at $410–$430M, representing 26–32% growth.
FY2025 gross margin expected at 64–64.5%; operating expenses at $302M; adjusted EBITDA loss of ~$35M.
FY2025 international revenue expected at $37.5M (+56% YoY); 213 new U.S. robotic systems and 52,000 handpieces projected.
Management expects continued revenue growth as the install base and utilization expand, especially in the U.S.
Analyst Day in February 2026 will provide multi-year guidance and updates on R&D and marketing priorities.
What is the Q4 gross margin tariff impact?
How do OpEx increases support 2026 growth?
What drives U.S. handpiece revenue acceleration?
Patient activation strategy for BPH market expansion?
Impact of launch variability on H1 2026 utilization?
Prioritize long-term growth over short-term profit?
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Next PROCEPT BioRobotics earnings date
Piper Sandler 37th Annual Healthcare Conference2 Dec, 2025
Next PROCEPT BioRobotics earnings date
Piper Sandler 37th Annual Healthcare Conference2 Dec, 2025
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Frequently asked questions
PROCEPT BioRobotics Corporation is a medical technology company specializing in the development and commercialization of robotic systems for the treatment of urological conditions. The company’s primary focus is on addressing benign prostatic hyperplasia (BPH), offering minimally invasive solutions designed to improve precision, patient outcomes, and recovery times. Its robotic platform combines imaging, robotics, and software to enhance surgical accuracy and efficiency, supporting healthcare providers in delivering advanced care. PROCEPT BioRobotics Corporation is headquartered in Redwood City, California, and its shares are listed on the NASDAQ.
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