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Companies / Health Care / Neuraxis, INC
NRXS

Neuraxis, INC

Health CareElectromedical Apparatus
Ticker NRXSCARMEL, INFiscal year ends DecemberBook value per share $0.58Diluted shares 11.5M

Neuraxis, Inc. (NYSE: NRXS) is a medical technology company developing neuromodulation therapies for gastrointestinal disorders of gut-brain interaction in children and adults. Its primary product, IB-Stim, is a non-implanted percutaneous electrical nerve field stimulation device cleared for patients aged eight and… From the company’s description.

Over the twelve months to Jun 30, 2026, Neuraxis, INC reported revenue of $5.32M, up 65.2% from a year earlier, and a net loss of $7.68M. Its operating margin was −144.5%, and operations used $5.62M in cash. In fiscal 2025, it reported revenue of $3.57M, up 32.9% from fiscal 2024, and a net loss of $7.80M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.57MFY2025
+32.9% year over year
Last 12 mo $5.32M
-219.37%FY2025
+47.1 percentage points
Last 12 mo -144.51%
$-7.80MFY2025
+5.4% year over year
Last 12 mo $-7.68M
-229.47%FY2025
+169.1 percentage points
Last 12 mo -114.02%
Cash & financing
$-6.43MFY2025
−5.5% year over year
Last 12 mo $-5.62M
$-6.46MFY2025
−5.5% year over year
Last 12 mo $-5.63M
0.05FY2025
Was 0.09× a year earlier
Last 12 mo 0.01
9.1MFY2025
+31.3% year over year
Last 12 mo 11.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Neuraxis, INC does

In the company’s own words

Neuraxis, Inc. (NYSE: NRXS) is a medical technology company developing neuromodulation therapies for gastrointestinal disorders of gut-brain interaction in children and adults. Its primary product, IB-Stim, is a non-implanted percutaneous electrical nerve field stimulation device cleared for patients aged eight and older with functional abdominal pain associated with irritable bowel syndrome, functional dyspepsia and related nausea. The device stimulates nerves in the ear and is used alongside other therapies. Neuraxis also sells RED, an office-based device for evaluating rectal expulsion and rectal hypersensitivity in adults. Its customers include children’s hospitals, gastroenterology practices and, as its outreach expands, adult gastroenterologists and pain physicians. The company markets through a direct sales team, online channels and clinician outreach. It is conducting clinical trials of its stimulation technology for conditions including post-concussion syndrome, cyclic vomiting, post-operative pain and adult fibromyalgia. Neuraxis was established in 2011, initially as Innovative Health Solutions, and completed its initial public offering in 2023.

Company details
Sector
Health Care
Industry (SIC)
Electromedical Apparatus
Headquarters
CARMEL, IN
Fiscal year end
December
CIK
1933567
SIC
3845

Financial performance, year by year

Fiscal 2023–2025 · USD
$-16.62M$-10.64M$-4.66M$1.33M$7.31M202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Neuraxis, INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

11
funds hold it
0 of 35
superinvestors hold it
$3.32M
held by funds, at market
3.6%
of shares held by funds

Largest fund holders · Neuraxis, INC’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Ultra-Small Company Market Fund
BRSIX · Bridgeway Funds, Inc.
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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