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Jun 30
PROCEPT BioRobotics Q2 2025 Earnings Report
PROCEPT BioRobotics reported unaudited financial results for the second quarter ended June 30, 2025, demonstrating significant revenue growth and an increase in full-year revenue guidance.
Key Takeaways
PROCEPT BioRobotics delivered a strong second quarter in 2025, with total revenue reaching $79.2 million, a 48% increase year-over-year, driven by robust global demand and continued procedural momentum. The company also increased its fiscal year 2025 total revenue guidance.
Total revenue for Q2 2025 was $79.2 million, marking a 48% increase compared to the prior year period.
U.S. handpiece and consumables revenue grew by 58% to $43.1 million, while U.S. system and rental revenue increased by 24% to $22.1 million.
International revenue saw a significant increase of 69% to $9.6 million in the second quarter.
The company raised its fiscal year 2025 total revenue guidance to $325.5 million and reported a gross margin of 65% for the quarter.
PROCEPT BioRobotics
PROCEPT BioRobotics
PROCEPT BioRobotics Revenue by Segment
PROCEPT BioRobotics Revenue by Geographic Location
Revenue by Segment
U.S. System Sales & Rentals Revenue
CapyFin.comU.S. Handpieces & Consumables Revenue
CapyFin.comU.S. Service Revenue
CapyFin.comInternational System Sales & Rentals Revenue
CapyFin.comInternational Handpieces & Consumables Revenue
CapyFin.comInternational Service Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
PROCEPT BioRobotics increased its full-year 2025 revenue guidance and provided projections for gross margin and operating expenses.
Positive Outlook
- Increased full year 2025 revenue guidance to approximately $325.5 million, representing 45% growth over prior year.
- Projected full year 2025 gross margin to be approximately 64.5%.
- The company's strong Q2 performance indicates positive momentum for the rest of the year.
- Continued focus on expanding utilization and market penetration is expected to drive sustained growth.
- Appointment of Larry Wood as new CEO is expected to bring valuable leadership experience.
Challenges Ahead
- Potential gross margin headwind of approximately $1.0 to $2.0 million if global tariff rates remain at current levels.
- Projected full year 2025 total operating expense increased to approximately $302.0 million from previous guidance of $300.0 million.
- Adjusted EBITDA loss projected to be approximately ($35.0) million for the full year 2025.
- Operating expenses are increasing due to expansion of the commercial organization, increased R&D, and G&A expenses.
- The company continues to report a net loss, indicating ongoing investment phase.
Revenue & Expenses
Visualization of income flow from segment revenue to net income