PROCEPT BioRobotics (PRCT) experienced a significant post-market plunge of 21.73% on Wednesday.
The sharp decline followed the company's release of its fourth-quarter 2025 financial results, which fell short of analyst expectations. PROCEPT reported a quarterly loss per share of $(0.53), missing the consensus estimate of $(0.32) by a wide margin. Revenue for the quarter was $76.383 million, also below the estimated $94.137 million. Furthermore, the company's adjusted EBITDA loss of $19.013 million was significantly worse than the anticipated loss of $2.8 million.
CEO Larry Wood stated that the revenue shortfall was due to strategic actions including a commercial organization realignment, the elimination of end-of-quarter purchasing incentives, and a more disciplined handpiece pricing strategy. While the company reported its highest procedure volume to date and provided a revenue growth outlook of 27-33% for 2026, the substantial misses on key quarterly metrics drove the negative investor reaction.