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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 $1.04Diluted shares 64.8M

Treace Medical Concepts, Inc. is a medical technology company focused on advancing the surgical treatment of bunions and related midfoot deformities. The company's flagship product is the Lapiplasty 3D Bunion Correction System, a combination of proprietary instruments, implants, and surgical methods designed to… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$212.69M
+1.6% year over year
Last 12 mo $205.31M
-25.46%
+1.1 percentage points
Last 12 mo -26.17%
$-59.00M
−5.8% year over year
Last 12 mo $-59.52M
-67.56%
−18.2 percentage points
Last 12 mo -87.86%
Cash & financing
$-15.97M
+57.0% year over year
Last 12 mo $-14.58M
$-29.49M
+39.5% year over year
Last 12 mo $-25.05M
0.64
Was 0.47× a year earlier
Last 12 mo 0.83
63.3M
+1.9% year over year
Last 12 mo 64.8M

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. is a medical technology company focused on advancing the surgical treatment of bunions and related midfoot deformities. The company's flagship product is the Lapiplasty 3D Bunion Correction System, a combination of proprietary instruments, implants, and surgical methods designed to correct all three planes of bunion deformity and stabilize the unstable first tarsometatarsal joint. The Lapiplasty System represents a significant advancement over traditional two-dimensional surgical approaches, which historically resulted in recurrence rates as high as 78 percent.

Beyond its core Lapiplasty offering, Treace has developed a comprehensive portfolio of complementary products addressing various bunion classifications and related foot pathologies. These include the Adductoplasty Midfoot Correction System for midfoot deformities, the Nanoplasty and Percuplasty minimally invasive osteotomy systems, the SpeedMTP System for great toe fusions, and the SpeedPlate Rapid Compression Implant platform. The company also offers the IntelliGuide patient-specific instrumentation technology, which uses CT scan data to create three-dimensional preoperative plans and patient-specific cut guides. Additional products include the Hammertoe PEEK Fixation System and various specialized sterile surgical instruments.

The company markets and sells its products in the United States through a direct employee sales force supplemented by independent sales agencies. As of December 31, 2025, Treace maintained a field sales fleet of 297 team members. The company targets approximately 8,000 surgical podiatrists and 2,600 orthopaedic surgeons with foot and ankle specializations in the United States. Treace operates in a market where approximately 1.1 million Americans are annual surgical candidates for bunion procedures, representing a total addressable market opportunity exceeding five billion dollars.

The company differentiates itself through extensive surgeon education and training programs, including simulated surgical workshops and advanced technical training. Treace maintains a robust clinical evidence program with multiple prospective, multicenter post-market studies supporting its products' safety and efficacy. The company's intellectual property portfolio includes 95 granted U.S. patents and 39 granted foreign patents covering core Lapiplasty and Adductoplasty technologies and related innovations. More information is available at www.treacemedical.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
$-86.74M$-5.07M$76.59M$158.25M$239.91M20212022202320242025Last 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
0.00%of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
0.00%of fund net assets
Schwab U.S. Small-Cap ETF
SCHA · SCHWAB STRATEGIC TRUST
0.00%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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