Treace Medical Q3 revenue falls but slightly beats expectations

Treace Medical Concepts

06/11/2026 12:17

Overview
US bunion surgery device maker's Q3 revenue fell 4% yr/yr, slightly beating analyst expectations
Adjusted EBITDA turned positive in Q3, improving from a loss a year earlier
Revenue decline driven by shift to lower-priced minimally invasive products and lower kit volumes

Outlook
Treace Medical sees 2026 revenue at $206 mln to $210 mln, down from prior $204 mln-$212 mln range
Treace Medical reiterates expectation for 2026 cash usage to fall about 50% from 2025

Result Drivers
PRODUCT MIX SHIFT - Co said revenue declined mainly due to greater sales of lower-priced minimally invasive products and lower volume of bunion procedure kits
INCREASED ADOPTION - Co reported higher adoption of expanded bunion portfolio, with about 45% of Lapiplasty surgeon users now using one or more new systems, up from 40% in Q2
EXPENSE REDUCTION - Operating expenses fell 10% yr/yr, attributed to targeted expense reduction initiatives

Company press release: ID:nGNX992PZp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$48.25 mln
$47.80 mln (5 Analysts)
Q3 Loss Per Share
 
$0.19
 
Q3 Gross Margin
 
79.50%
 
Q3 Gross Profit
 
$38.35 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)