Tenon Medical, Inc. (TNON) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.38M | 1.5M | 1.17M | 564K | 726K | 770K | 887K | 901K | 719K | 808K | 944K | 743K | 433K | 277K | 208K | 135K | 71K | 52.8K | 70K | 22K |
| Revenue Growth % | 89.94% | 94.81% | 32.24% | -37.4% | 0.97% | -4.7% | -6.04% | 21.27% | 66.05% | 191.7% | 353.85% | 450.37% | 509.86% | 424.62% | 197.14% | 513.64% | 373.33% | 292.86% | - | - |
| Cost of Goods Sold | 434K | 500K | 400K | 319K | 403K | 417K | 469K | 431K | 249K | 400K | 409K | 549K | 480K | 484K | 302K | 271K | 275K | 16.77K | 18K | 9K |
| COGS % of Revenue | 31.47% | 33.33% | 34.1% | 56.56% | 55.51% | 54.16% | 52.87% | 47.84% | 34.63% | 49.5% | 43.33% | 73.89% | 110.85% | 174.73% | 145.19% | 200.74% | 387.32% | 31.77% | 25.71% | 40.91% |
| Gross Profit | 945K | 1M | 773K | 245K | 323K | 353K | 418K | 470K | 470K | 408K | 535K | 194K | -47K | -207K | -94K | -136K | -204K | 36.03K | 52K | 13K |
| Gross Margin % | 68.53% | 66.67% | 65.9% | 43.44% | 44.49% | 45.84% | 47.13% | 52.16% | 65.37% | 50.5% | 56.67% | 26.11% | -10.85% | -74.73% | -45.19% | -100.74% | -287.32% | 68.23% | 74.29% | 59.09% |
| Gross Profit Growth % | 192.57% | 183.29% | 84.93% | -47.87% | -31.28% | -13.48% | -21.87% | 142.27% | 1100% | 297.1% | 669.15% | 242.65% | 76.96% | -674.55% | -280.77% | -1146.15% | -5200% | 735.53% | - | - |
| Operating Expenses | 4.22M | 3.9M | 4.17M | 3.1M | 4M | 3.53M | 3.63M | 4.34M | 3.98M | 3.55M | 3.91M | 4.52M | 4.84M | 7.72M | 3.17M | 5.32M | 1.88M | 2.6M | 2.15M | 1.63M |
| OpEx % of Revenue | 306.38% | 260% | 355.07% | 550% | 550.96% | 457.92% | 409.58% | 481.91% | 552.99% | 439.23% | 414.51% | 607.81% | 1117.55% | 2787.36% | 1523.08% | 3940.74% | 2640.85% | 4919.98% | 3070% | 7390.91% |
| Selling, General & Admin | 3.56M | 3.36M | 3.74M | 2.6M | 3.31M | 2.96M | 2.98M | 3.63M | 3.31M | 3.01M | 3.18M | 3.62M | 3.93M | 7.13M | 2.3M | 4.66M | 1.31M | 1.8M | 1.55M | 1.39M |
| SG&A % of Revenue | 258.38% | 223.73% | 318.58% | 460.82% | 455.79% | 384.03% | 335.51% | 403.33% | 459.94% | 372.4% | 336.44% | 486.54% | 908.08% | 2573.29% | 1104.81% | 3454.07% | 1849.3% | 3418.14% | 2211.43% | 6313.64% |
| Research & Development | 662K | 0 | 428K | 503K | 691K | 569K | 657K | 708K | 669K | 691K | 737K | 901K | 834K | 812K | 797K | 657K | 562K | 792.97K | 601K | 237K |
| R&D % of Revenue | 48.01% | - | 36.49% | 89.18% | 95.18% | 73.9% | 74.07% | 78.58% | 93.05% | 85.52% | 78.07% | 121.27% | 192.61% | 293.14% | 383.17% | 486.67% | 791.55% | 1501.84% | 858.57% | 1077.27% |
| Other Operating Expenses | 0 | 544K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -151K | 0 | 0 | 73K | -219K | 73K | 0 | 0 | -233 | 0 | 0 |
| Operating Income | -3.28M | -2.9M | -3.39M | -2.86M | -3.68M | -3.17M | -3.21M | -3.87M | -3.51M | -3.14M | -3.38M | -4.32M | -4.89M | -7.93M | -3.26M | -5.46M | -2.08M | -2.56M | -2.1M | -1.61M |
| Operating Margin % | -237.85% | -193.33% | -289.17% | -506.56% | -506.47% | -412.08% | -362.46% | -429.74% | -487.62% | -388.74% | -357.84% | -581.7% | -1128.41% | -2862.09% | -1568.27% | -4041.48% | -2928.17% | -4851.75% | -2995.71% | -7331.82% |
| Operating Income Growth % | 10.8% | 8.6% | -5.51% | 26.21% | -4.88% | -1.02% | 4.83% | 10.41% | 28.24% | 60.38% | -3.56% | 20.78% | -135.02% | -209.48% | -55.56% | -238.25% | -1000% | -1191.7% | - | - |
| EBITDA | -3.28M | -2.9M | -3.25M | -2.74M | -3.57M | -3.06M | -3.05M | -3.72M | -3.35M | -2.99M | -3.27M | -4.23M | -4.86M | -7.9M | -3.24M | -5.38M | -2.02M | -2.51M | -2.05M | -1.6M |
| EBITDA Margin % | -237.85% | -193.33% | -276.81% | -486.35% | -491.74% | -396.88% | -343.97% | -413.1% | -465.37% | -370.05% | -346.82% | -569.45% | -1122.63% | -2853.07% | -1556.73% | -3988.89% | -2842.25% | -4753.63% | -2924.29% | -7277.27% |
| EBITDA Growth % | 8.12% | 5.1% | -6.42% | 26.3% | -6.69% | -2.21% | 6.81% | 12.03% | 31.17% | 62.17% | -1.11% | 21.43% | -140.88% | -214.87% | -58.18% | -236.35% | -962.11% | - | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 145K | 114K | 107K | 117K | 164K | 150K | 160K | 151K | 104K | 91K | 25K | 25K | 24K | 71K | 61K | 51.8K | 50K | 12K |
| EBIT | -3.28M | -2.9M | -3.34M | -2.77M | -3.62M | -3.17M | -3.18M | -3.83M | -3.54M | -3.12M | -3.33M | -4.29M | -4.89M | -7.93M | -3.26M | -5.4M | -2.08M | -2.56M | -2.1M | -1.61M |
| Net Interest Income | 176K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34K | 7K | -4K | 37K | 0 | 0 | 0 | -88K | -274K | -280.81K | -267K | -62K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7K | 0 | 37K | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -176K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34K | 0 | 4K | 0 | 0 | - | 0 | 88K | 274K | 280.81K | 267K | 62K |
| Other Income/Expense | -196K | 100K | 53K | 88K | 61K | 86K | 31K | 46K | -70K | 7K | 46K | 37K | 56K | 23K | 91K | -32K | -274K | -280.01K | -266K | -62K |
| Pretax Income | -3.48M | -2.8M | -3.34M | -2.77M | -3.62M | -3.09M | -3.18M | -3.83M | -3.58M | -3.13M | -3.33M | -4.29M | -4.83M | -7.91M | -3.17M | -5.49M | -2.35M | -2.84M | -2.36M | -1.68M |
| Pretax Margin % | -252.07% | -186.67% | -284.65% | -490.96% | -498.07% | -400.91% | -358.96% | -424.64% | -497.36% | -387.87% | -352.97% | -576.72% | -1115.47% | -2853.79% | -1524.52% | -4065.19% | -3314.08% | -5382.07% | -3375.71% | -7613.64% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -3.48M | -2.8M | -3.34M | -2.77M | -3.62M | -3.09M | -3.18M | -3.83M | -3.58M | -3.13M | -3.33M | -4.29M | -4.83M | -7.91M | -3.17M | -5.49M | -2.35M | -2.84M | -2.34M | -1.67M |
| Net Margin % | -252.07% | -186.67% | -284.65% | -490.96% | -498.07% | -400.91% | -358.96% | -424.64% | -497.36% | -387.87% | -352.97% | -576.72% | -1115.47% | -2853.79% | -1524.52% | -4065.19% | -3314.08% | -5383.33% | -3344.29% | -7568.18% |
| Net Income Growth % | 3.87% | 9.3% | -4.87% | 27.63% | -1.12% | 1.5% | 4.44% | 10.71% | 25.96% | 60.35% | -5.08% | 21.92% | -105.27% | -178.11% | -35.45% | -229.61% | -1076.5% | -1078.19% | - | - |
| Net Income (Continuing) | -3.48M | -2.8M | -3.34M | -2.77M | -3.62M | -3.09M | -3.18M | -3.83M | -3.58M | -3.13M | -3.33M | -4.29M | -4.83M | -7.91M | -3.17M | -5.49M | -2.35M | -2.84M | -2.36M | -1.68M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.67M | 1.7M |
| EPS (Diluted) | -0.31 | -0.26 | -0.40 | -0.36 | -1.01 | -2.54 | -3.63 | -8.16 | -10.03 | -9.85 | -11.69 | -26.27 | -34.38 | -56.28 | -22.57 | -52.13 | -190.14 | -225.52 | -203.78 | -160.48 |
| EPS Growth % | 69.31% | 89.76% | 88.98% | 95.59% | 89.93% | 74.21% | 68.95% | 68.94% | 70.83% | 82.5% | 48.21% | 49.61% | 81.92% | 75.04% | 88.92% | 67.52% | -886.2% | -869.98% | - | - |
| EPS (Basic) | -0.31 | -0.26 | -0.40 | -0.36 | -1.01 | -2.54 | -3.63 | -8.16 | -10.03 | -9.85 | -11.69 | -26.27 | -34.38 | -56.28 | -22.57 | -52.13 | -190.14 | -225.52 | -203.78 | -160.48 |
| Diluted Shares Outstanding | 11.27M | 10.85M | 8.25M | 7.59M | 3.6M | 1.21M | 877K | 468.63K | 356.63K | 318.13K | 285K | 163.13K | 140.5K | 140.46K | 140.5K | 105.28K | 12.38K | 12.6K | 11.49K | 10.38K |
| Basic Shares Outstanding | 11.27M | 10.85M | 8.25M | 7.59M | 3.6M | 1.21M | 877K | 468.63K | 356.63K | 318.13K | 285K | 163.13K | 140.5K | 140.46K | 140.5K | 105.28K | 12.38K | 12.6K | 11.49K | 10.38K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |