PROCEPT BioRobotics Corp
PRCT · Surgical & Medical Instruments & Apparatus · 56.9M shares · +90%/yr ↑ dilution · EDGAR filings ↗
Reference price $28.48 · est. market cap ~$1.6B — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Surgical-robotics company (AQUABEAM/Hydros) — fast growth but operating losses and heavy cash burn, funded.
Strengths
- Strong growth and liquidity — revenue +37% (81st), current ratio 6.85 (86th)
Risks
- Operating losses — operating margin -34%, net margin -31%
- Heavy cash burn — FCF -$58M (5th)
- Capital-equipment adoption risk — per 10-K
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Net lossNet loss (net margin -31.0%)
- Cash burnNegative free cash flow (-58.3M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +90%/yr over 4y (dilution, book value/share -89%)
- Insider buyingInsider buying — 7 open-market buy(s) by 1 insider(s) (~$10M, last 6mo) Form 4 ↗
- Strong balance sheetStrong balance sheet — $287M cash & investments, ~20 quarters of runway
- Insider sellingInsider selling — 11 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$601,996, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
63.7%
Operating margin
-33.7%
Net margin
-31.0%
Return on equity
-26.1%
Return on assets
-18.8%
ROIC
-19.7%
Revenue growth (QoQ)
8.8%
Debt / equity
0.1×
Current ratio
6.8×
Free cash flow
-$58M
EBITDA
-$97M
Tangible book value
$366M
Cash & investments
$287M
Cash runway
20q
Stock comp / revenue
15.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-09 | Dodrill Amy M. | Grant | 3.3K | — |
| 2026-06-09 | Garrett Mary | Grant | 3.3K | — |
| 2026-06-09 | Desai Antal Rohit | Grant | 3.3K | — |
| 2026-06-09 | Harris Taylor C. | Grant | 3.3K | — |
| 2026-06-09 | Little Elisabeth Sandoval | Grant | 3.3K | — |
| 2026-06-09 | MOLL FREDERIC H | Grant | 3.3K | — |
| 2026-06-09 | PRESCOTT THOMAS M | Grant | 3.3K | — |
| 2026-06-09 | PUCKETT DAN | Grant | 3.3K | — |
| 2026-06-08 | Templin Barry L | Sell | 358 | $28.48 |
| 2026-06-08 | Nouri Alaleh | Sell | 285 | $28.48 |
| 2026-06-08 | Waters Kevin | Sell | 357 | $28.48 |
| 2026-03-19 | Nouri Alaleh | Sell | 3.0K | $25.82 |
| 2026-03-19 | Nouri Alaleh | Sell | 2.3K | $26.15 |
| 2026-03-17 | Nouri Alaleh | Sell | 304 | $28.15 |
| 2026-03-17 | Waters Kevin | Sell | 706 | $28.15 |
| 2026-03-10 | Nouri Alaleh | Sell | 3.1K | $25.60 |
| 2026-03-10 | Nouri Alaleh | Sell | 145 | $26.74 |
| 2026-03-09 | Desai Antal Rohit | Buy | 1.3K | $25.42 |
| 2026-03-09 | Desai Antal Rohit | Buy | 54K | $24.91 |
| 2026-03-09 | Desai Antal Rohit | Buy | 44K | $24.08 |
| 2026-03-06 | Nouri Alaleh | Sell | 6.9K | $23.70 |
| 2026-03-06 | Waters Kevin | Sell | 6.7K | $23.70 |
| 2026-03-06 | Desai Antal Rohit | Buy | 107K | $23.33 |
| 2026-03-06 | Desai Antal Rohit | Buy | 54K | $24.10 |
| 2026-03-05 | Desai Antal Rohit | Buy | 25K | $26.41 |
| 2026-03-05 | Waters Kevin | Grant | 47K | — |
| 2026-03-05 | Nouri Alaleh | Grant | 44K | — |
| 2026-03-05 | Wood Larry L | Grant | 128K | — |
| 2026-03-05 | PUCKETT DAN | Grant | 5.5K | — |
| 2026-03-05 | Desai Antal Rohit | Buy | 142K | $25.44 |
| 2026-02-19 | Nouri Alaleh | Grant | 4.9K | — |
| 2026-02-19 | Waters Kevin | Grant | 3.5K | — |
| 2025-09-02 | Wood Larry L | Grant | 182K | — |
| 2025-08-14 | Nouri Alaleh | Option exercise | 11K | $4.52 |
| 2025-08-14 | Desai Antal Rohit | Option exercise | 27K | $1.33 |
| 2025-08-13 | MOLL FREDERIC H | Buy | 20K | $39.26 |
| 2025-06-12 | Desai Antal Rohit | Sell | 5.0K | $62.33 |
| 2025-06-12 | Desai Antal Rohit | Sell | 20K | $61.28 |
| 2025-06-11 | Desai Antal Rohit | Sell | 5.7K | $64.27 |
| 2025-06-11 | Desai Antal Rohit | Sell | 7.8K | $62.59 |
| 2025-06-11 | Desai Antal Rohit | Sell | 11K | $63.47 |
| 2025-06-10 | Desai Antal Rohit | Sell | 1.7K | $64.67 |
| 2025-06-10 | Desai Antal Rohit | Sell | 18K | $64.02 |
| 2025-06-10 | Desai Antal Rohit | Sell | 4.9K | $63.23 |
| 2025-06-10 | MOLL FREDERIC H | Grant | 1.5K | — |
| 2025-06-10 | Sandoval Elisabeth | Grant | 1.5K | — |
| 2025-06-10 | Wood Larry L | Grant | 1.5K | — |
| 2025-06-10 | Harris Taylor C. | Grant | 1.5K | — |
| 2025-06-10 | Garrett Mary | Grant | 1.5K | — |
| 2025-06-10 | Dodrill Amy M. | Grant | 1.5K | — |
| 2025-06-10 | PRESCOTT THOMAS M | Grant | 1.5K | — |
| 2025-06-10 | Desai Antal Rohit | Grant | 1.5K | — |
| 2025-06-06 | Shiblaq Hisham | Sell | 12K | $63.71 |
| 2025-06-06 | Shiblaq Hisham | Sell | 5.9K | $64.64 |
| 2025-06-06 | Shiblaq Hisham | Sell | 1.8K | $65.35 |
| 2025-06-06 | Shiblaq Hisham | Option exercise | 20K | $5.18 |
| 2025-06-05 | Desai Antal Rohit | Sell | 13K | $65.09 |
| 2025-06-05 | Desai Antal Rohit | Sell | 700 | $61.85 |
| 2025-06-05 | Desai Antal Rohit | Sell | 5.9K | $64.19 |
| 2025-06-05 | Desai Antal Rohit | Sell | 1.7K | $63.07 |
| 2025-06-05 | Desai Antal Rohit | Sell | 100 | $66.73 |
| 2025-06-05 | Desai Antal Rohit | Sell | 4.0K | $65.94 |
| 2025-06-04 | Desai Antal Rohit | Sell | 8.6K | $61.40 |
| 2025-06-04 | Desai Antal Rohit | Sell | 16K | $60.82 |
| 2025-06-03 | Desai Antal Rohit | Sell | 900 | $58.04 |
| 2025-06-03 | Desai Antal Rohit | Sell | 1.5K | $61.83 |
| 2025-06-03 | Desai Antal Rohit | Sell | 12K | $61.22 |
| 2025-06-03 | Desai Antal Rohit | Sell | 9.9K | $60.23 |
| 2025-06-03 | Desai Antal Rohit | Sell | 1.1K | $59.14 |
| 2025-05-09 | Zadno Reza | Option exercise | 14K | $7.27 |
| 2025-03-18 | Zadno Reza | Sell | 5.5K | $57.06 |
| 2025-03-18 | Waters Kevin | Sell | 733 | $57.06 |
| 2025-03-18 | Shiblaq Hisham | Sell | 247 | $57.06 |
| 2025-03-18 | Nouri Alaleh | Sell | 316 | $57.06 |
| 2025-03-06 | Nouri Alaleh | Sell | 3.6K | $61.31 |
| 2025-03-06 | Shiblaq Hisham | Sell | 3.6K | $61.31 |
| 2025-03-06 | Waters Kevin | Sell | 3.7K | $61.31 |
| 2025-03-06 | Zadno Reza | Sell | 16K | $61.31 |
| 2025-03-03 | Nouri Alaleh | Grant | 13K | — |
| 2025-03-03 | Shiblaq Hisham | Grant | 11K | — |
| 2025-03-03 | Waters Kevin | Grant | 16K | — |
| 2025-03-03 | Zadno Reza | Grant | 42K | — |
| 2025-02-10 | MOLL FREDERIC H | Option exercise | 27K | $1.33 |
| 2025-02-10 | MOLL FREDERIC H | Option exercise | 5.3K | $0.86 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-09 | 0001588978-26-000026 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001588978-26-000022 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001588978-26-000020 ↗ |
| 8-K | 2026-03-06 | 2026-03-05 | 0001588978-26-000013 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001588978-26-000007 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001588978-26-000009 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001588978-26-000002 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001588978-25-000051 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001588978-25-000049 ↗ |
| 8-K | 2025-09-18 | 2025-09-15 | 0001588978-25-000045 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001588978-25-000043 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001588978-25-000041 ↗ |