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Tenon Medical(NASDAQ) TNON

Current Price$0.19
Market Cap$3.42MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2022)-100%
5 YearN/A
1 Year-83%
1 Month-53%
Tenon Medical last closing stock price
MetricPriceDate
Last closeUSD 0.192026-07-24
Tenon Medical stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-5.76%USD 0.202026-07-17
1 month-52.55%USD 0.402026-06-24
3 month-76.43%USD 0.812026-04-24
Year to date-80.05%USD 0.952025-12-31
1 year-82.59%USD 1.092025-07-24
3 year-99.18%USD 23.042023-07-25
Since inception-99.99%USD 1,800.002022-04-27

Tenon Medical Financials at a Glance

Market Cap

$3.42MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$4.62M

Net Income (TTM)

-$12.38M

EPS (TTM)

-$1.37

P/E Ratio

-0.14

Dividend

$0.00

Beta (Volatility)

0.00 (Low)

Price

$0.19

Volume

213,840

Open

$0.20

Previous Close

$0.19

Daily Range

$0.18 - $0.20

52-Week Range

$0.18 - $2.48

Estimated Earnings Date

Aug 12, 2026

TNON News

featured-earnings-leadership-highlights.png

Tenon Medical Revenue Falls 37 Percent

Motley Fool Markets TeamAug 13, 2025

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About Tenon Medical

Tenon Medical makes surgical implants for people with lower back pain from sacroiliac joint problems. Its main product helps doctors stabilize the joint using a less invasive procedure. This technology aims to improve recovery for patients needing joint fusion surgery.

Gadgets for Achy Backs: Products and Services

  • SI Joint Fusion System (company's only product and source of revenue): A surgical implant and tool set for stabilizing the sacroiliac joint, used by spine surgeons treating lower back pain.
  • Catamaran System: The flagship device, featuring a single titanium implant and specialized instruments for minimally invasive joint fusion.
  • Acquired SI Products: Newer product lines for sacropelvic fixation and fusion, added through recent acquisitions, targeting complex spine procedures.
  • Posterior SI Implant Technology: Technology for alternative surgical approaches, expanding options for doctors treating joint instability.

Growth Spurts and Strategic Moves

  • Launched Catamaran System nationally in October 2022, expanding U.S. market reach.
  • Acquired SI Products from SiVantage in August 2025, adding new devices and intellectual property.
  • Bought posterior sacroiliac implant technology from SIMPL Medical in August 2025, diversifying product offerings.
  • Signed employment agreements with former SI executives in 2025 to boost innovation and commercialization.

What Makes Tenon Medical Stand Out

Tenon Medical focuses on a single, specialized market: sacroiliac joint fusion. Its main device uses a unique, less invasive approach designed to avoid sensitive nerves and blood vessels. The company has expanded its product portfolio through targeted acquisitions, aiming to address more complex spine procedures.

Five Things You Need to Know

  • Q2 2025 revenue was $564,000, down 37.4% from Q2 2024.
  • Gross margin fell to 43% in Q2 2025, from 52% a year earlier.
  • Q2 2025 net loss was $2.8 million, improved from $3.8 million in Q2 2024.
  • All sales are from the U.S. and Puerto Rico; no international revenue reported.

Bottom Line

Tenon Medical has built a focused business around sacroiliac joint fusion devices. The company is expanding its product range but faces ongoing financial and operational challenges.

AI Generated • Apr 16, 2026

Industry

Healthcare Equipment and Supplies

Sector

Health Care

Employees

26

CEO

Steven M. Foster

Website

www.tenonmed.com

Headquarters

Los Gatos, CA 95032, US

TNON Financials

Key Financial Metrics (TTM)

Gross Margin

64.19%

Operating Margin

-269.26%

Net Income Margin

-268.28%

Return on Equity

-268.55%

Return on Capital

-246.90%

Return on Assets

-96.46%

Earnings Yield

-7.14%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$3.42MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

17.38M

Volume

213.84K

Avg. Volume

7.14M

Financials (TTM)

Gross Profit

$2.96M

Operating Income

-$12.43M

EBITDA

-$11.63M

Operating Cash Flow

-$11.22M

Capital Expenditure

-$329.00K

Free Cash Flow

-$11.55M

Cash & ST Invst.

$4.61M

Total Debt

$4.88M

Tenon Medical Performance Analysis

Tenon Medical annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 691,000332.4%
20232023-12-31USD 2,928,000323.7%
20242024-12-31USD 3,277,00011.9%
20252025-12-31USD 3,944,00020.4%
Tenon Medical sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-22.3%
Q32025-09-30108.0%
Q42025-12-3127.9%
Q12026-03-31-8.1%
Tenon Medical annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -188.98276.6%
20232023-12-31USD -68.71-63.6%
20242024-12-31USD -11.26-83.6%
20252025-12-31USD -1.70-84.9%
Tenon Medical sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3064.4%
Q32025-09-30-11.1%
Q42025-12-3135.0%
Q12026-03-31-19.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.38M

+89.9%

Gross Profit

$945.00K

+192.6%

Gross Margin

68.53%

N/A

Market Cap

$3.42MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$131.72K

N/A

Employees

26

N/A

Net Income

-$3.48M

+3.9%

EBITDA

-$3.15M

+10.3%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$4.61M

-55.3%

Total Debt

$4.88M

+1254.7%

Accounts Receivable

$1.97M

+122.2%

Inventory

$806.00K

+32.8%

Long Term Debt

$1.19M

+1724.6%

Short Term Debt

$3.69M

+1151.2%

Return on Assets

-96.46%

N/A

Return on Invested Capital

-2.29%

N/A

Free Cash Flow

-$3.02M

-21.5%

Operating Cash Flow

-$2.96M

-19.2%

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Questions About TNON

What is the current price of Tenon Medical?

Tenon Medical is trading at $0.19 per share.

What is the 52-week range for Tenon Medical?

Over the past 52 weeks, Tenon Medical has traded between $0.18 and $2.48.

How much debt does Tenon Medical have?

As of the most recent reporting period, Tenon Medical reported total debt of $5.49M.

How much cash does Tenon Medical have on hand?

Tenon Medical reported $4.61M in cash and cash equivalents in its most recent financial results.

What is Tenon Medical’s dividend yield?

Tenon Medical does not currently have a dividend yield.

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