Stocktoria
TREACE MEDICAL CONCEPTS, INC. TMCI
Nasdaq · XNAS · stock · Surgical & Medical Instruments & Apparatus · website · IPO 2021-04-23
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2/9
Piotroski F — financial health
-1.79
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $212.7M | $209.4M | $187.1M | $141.8M | $94.4M |
| Gross profit | $169.8M | $168.3M | $151.9M | $116.3M | $77.5M |
| Operating income | -$54.2M | -$55.7M | -$51.4M | -$34.8M | -$16.5M |
| Net income | -$59.0M | -$55.7M | -$49.5M | -$42.8M | -$20.6M |
| Operating cash flow | -$16.0M | -$37.2M | -$34.6M | -$30.6M | -$17.2M |
| Free cash flow | -$29.5M | -$48.8M | -$46.0M | -$45.5M | -$19.9M |
| Total assets | $190.6M | $217.1M | $251.9M | $159.0M | $140.8M |
| Total liabilities | $103.2M | $104.2M | $114.0M | $98.5M | $47.7M |
| Shareholders' equity | $87.3M | $112.9M | $137.9M | $60.5M | $93.1M |
| Ratios | |||||
| Gross margin | 79.8% | 80.4% | 81.2% | 82.0% | 82.1% |
| Operating margin | -25.5% | -26.6% | -27.5% | -24.6% | -17.5% |
| Net margin | -27.7% | -26.6% | -26.5% | -30.2% | -21.8% |
| FCF margin | -13.9% | -23.3% | -24.6% | -32.1% | -21.1% |
| Return on assets | -31.0% | -25.7% | -19.7% | -26.9% | -14.6% |
| Return on equity | -67.6% | -49.4% | -35.9% | -70.7% | -22.1% |
| Debt / equity | 0.64× | 0.47× | 0.38× | 0.87× | 0.32× |
| Current ratio | 4.31 | 4.62 | 4.40 | 4.41 | 7.58 |
| Revenue growth | 1.6% | 11.9% | 31.9% | 50.2% | 64.6% |
Notable holders (13F)
| Investor | Shares | Value |
|---|---|---|
| RENAISSANCE TECHNOLOGIES LLC | 522,900 | $700,686 |
Why these scores methodology →
Piotroski F-score: 2/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -1.79 (distress)
- Working capital / assets 0.532
- Retained earnings / assets -1.306
- EBIT / assets -0.284
- Equity / liabilities 0.846
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001630627 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.