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Companies / Health Care / Treace Medical Concepts, Inc.
TMCI

Treace Medical Concepts, Inc.

Health CareSurgical & Medical Instruments
Ticker TMCIPONTE VEDRA, FLFiscal year ends DecemberBook value per share $0.95Diluted shares 65.0M

Treace Medical Concepts, Inc. (Nasdaq: TMCI) is a medical technology company that develops and sells surgical products for bunion and related foot and ankle deformities. Its portfolio centers on the Lapiplasty 3D Bunion Correction System, which combines instruments, implants and surgical methods to correct bunions in… From the company’s description.

Over the twelve months to Sep 30, 2026, Treace Medical Concepts, Inc. reported revenue of $203.35M, down 7.1% from a year earlier, and a net loss of $55.79M. Its operating margin was −24.4%, and operations used $8.74M in cash. In fiscal 2025, it reported revenue of $212.69M, up 1.6% from fiscal 2024, and a net loss of $59.00M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$212.69MFY2025
+1.6% year over year
Last 12 mo $203.35M
-25.46%FY2025
+1.1 percentage points
Last 12 mo -24.38%
$-59.00MFY2025
−5.8% year over year
Last 12 mo $-55.79M
-67.56%FY2025
−18.2 percentage points
Last 12 mo -90.51%
Cash & financing
$-15.97MFY2025
+57.0% year over year
Last 12 mo $-8.74M
$-29.49MFY2025
+39.5% year over year
Last 12 mo $-18.57M
0.64FY2025
Was 0.47× a year earlier
Last 12 mo 0.91
63.3MFY2025
+1.9% year over year
Last 12 mo 65.0M

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 Treace Medical Concepts, Inc. does

In the company’s own words

Treace Medical Concepts, Inc. (Nasdaq: TMCI) is a medical technology company that develops and sells surgical products for bunion and related foot and ankle deformities. Its portfolio centers on the Lapiplasty 3D Bunion Correction System, which combines instruments, implants and surgical methods to correct bunions in three dimensions and stabilize the underlying joint. Other products include the Adductoplasty midfoot correction system, Nanoplasty and Percuplasty minimally invasive bunion systems, SpeedMTP great toe fusion implants, the SpeedPlate fixation platform, IntelliGuide patient-specific planning and cut guides, and products for hammertoe and other foot procedures. The company’s customers include podiatric and orthopaedic foot and ankle surgeons, hospitals and ambulatory surgery centers; it sells in the United States through employee sales representatives, independent sales agencies and stocking distributors. Employee sales representatives generated approximately 80% of revenue in 2025, and its field sales fleet included 297 team members at year-end. The company was founded around its Lapiplasty technology and has expanded into midfoot correction and broader foot and ankle products. Its website is www.lapiplasty.com.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
PONTE VEDRA, FL
Fiscal year end
December
CIK
1630627
SIC
3841

Financial performance, year by year

Fiscal 2021–2025 · USD
$-86.17M$-4.66M$76.84M$158.35M$239.86M20212022202320242025Last 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 Treace Medical Concepts, Inc. — and what changed

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

58
funds hold it
0 of 35
superinvestors hold it
$15.54M
held by funds, at market
6.9%
of shares held by funds

Largest fund holders · Treace Medical Concepts, 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 Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
—of fund net assets
Schwab U.S. Small-Cap ETF
SCHA · SCHWAB STRATEGIC TRUST
—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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