Tenon Medical, Inc. (TNON) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, Tenon Medical reported revenue of $3.9M, up 20.4% from $3.3M the year before. Net income was -$12.6M (a -318.4% net margin), or -$59.50 per diluted share. Gross margin was 59.8% and operating margin was -324.3%. Operating activities generated -$10.7M of cash, leaving -$11.0M of free cash flow. At fiscal year end, Tenon Medical held $10.8M in total assets against $5.7M in total liabilities, including $3.8M of cash and equivalents.
Open the full interactive Tenon Medical financials → Quarterly statements, key ratios, valuation history and price charts.
Tenon Medical Key Stats
| Share Price | $2.89 |
|---|---|
| Market Cap | $947,920 |
| Revenue YoY Growth | +20.3% |
| 52-Week Range | $2.44 – $45.15 |
| Shares Outstanding | 328,000 (basic, 2026 Q2) |
Tenon Medical Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $691,000 | $2.9M | $3.3M | $3.9M |
| Cost of Goods Sold | — | $1.7M | $1.6M | — |
| Gross Profit | -$641,000 | $1.2M | $1.7M | $2.4M |
| Operating Income | -$18.7M | -$15.7M | -$13.8M | -$12.8M |
| Pre-Tax Income | -$18.9M | -$15.6M | -$13.7M | -$12.6M |
| Income Tax | $1,000 | — | — | — |
| Net Income | -$18.9M | -$15.6M | -$13.7M | -$12.6M |
| Diluted EPS | -$6608.00 | -$2405.20 | -$394.10 | -$59.50 |
Tenon Medical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.2M | $1.5M | $1.4M | $1.3M |
| Net Income | -$3.3M | -$2.8M | -$3.5M | -$4.0M |
| Diluted EPS | -$14.00 | -$0.38 | $10.85 | -$12.35 |
Tenon Medical Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $2.1M | $2.4M | $6.5M | $3.8M |
| Current Assets | $9.3M | $3.9M | $8.2M | $6.8M |
| Total Assets | $11.1M | $6.3M | $9.8M | $10.8M |
| Current Liabilities | $2.5M | $3.1M | $1.9M | $3.2M |
| Total Liabilities | $4.8M | $5.6M | $3.9M | $5.7M |
| Shareholders' Equity | $6.3M | $778,000 | $6.0M | $5.0M |
Tenon Medical Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$12.0M | -$12.2M | -$9.9M | -$10.7M |
| Cash From Investing | -$2.9M | $6.1M | -$186,000 | -$1.0M |
| Cash From Financing | $14.1M | $6.3M | $14.1M | $9.0M |
| Free Cash Flow | -$12.9M | — | -$10.1M | -$11.0M |
Figures from Tenon Medical's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Tenon Medical financials page for every line item.
Tenon Medical Company Profile
| Ticker | TNON |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Los Gatos, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001560293 |
Frequently Asked Questions
What was Tenon Medical's revenue in fiscal 2025?
Tenon Medical (TNON) reported revenue of $3.9M for fiscal 2025.
What is Tenon Medical's annual revenue history?
Tenon Medical's annual revenue by fiscal year: 2022: $691,000; 2023: $2.9M; 2024: $3.3M; 2025: $3.9M.
What was Tenon Medical's net income in fiscal 2025?
Tenon Medical reported net income of -$12.6M for fiscal 2025.
What was Tenon Medical's earnings per share (EPS) in fiscal 2025?
Tenon Medical's diluted EPS was -$59.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Tenon Medical generate in fiscal 2025?
Tenon Medical generated -$11.0M of free cash flow in fiscal 2025.
What was Tenon Medical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Tenon Medical reported revenue of $1.3M.
How many shares of Tenon Medical are outstanding?
Tenon Medical reported a weighted average of 328,000 basic shares outstanding in 2026 Q2.
What is Tenon Medical's market cap?
Based on its latest closing price, Tenon Medical (TNON) has a market capitalization of about $947,920.
When does Tenon Medical's fiscal year end?
Tenon Medical's fiscal year end, as registered with the SEC, is December 31.
Where is Tenon Medical headquartered?
Tenon Medical lists its business address in Los Gatos, California in its SEC filings.
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