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MARKETS / NYSE / NRXS
NYSE · ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS

Neuraxis, Inc. NRXS

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.6M
▲ 32.9% YoY
$-7.8M
$-6.5M
In brief

What this company does

Neuraxis, Inc. (“we”, “us”, the “Company” or “Neuraxis”) is a first-to-market growth-stage medical technology company focused on neuromodulation therapies for chronic and debilitating conditions in gastrointestinal (GI) digestive system, specifically from disorders of the gut-brain interaction (DGBIs) in pediatrics and adults. Our first product, IB-Stim, is a PENFS technology intended to be used in patients 8 years and older with functional abdominal pain associated with irritable bowel syndrome (IBS), functional dyspepsia (FD) and associated FD nausea symptoms. Our second product, REDTM (Rectal Expulsion Device), is indicated to evaluate the neuromuscular function of a patient’s ability to expel its contents from the rectum and as a qualitative test for rectal hypersensitivity. Neuraxis, Inc. was established in 2011 and incorporated in the state of Indiana in 2012, under the name of Innovative Health Solutions, Inc. The name was changed to Neuraxis, Inc. in 2022 when the Company filed a Certificate of Conversion to become a Delaware corporation.

Written from the business description in Neuraxis, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 3.6M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 3.6 · Net income -7.8
2M-5M-10M2022202320242025
Compound annual growth
+10.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−219 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -219.4% · Net -218.5%
-200%-400%2022202320242025
ROE
FY2025 · ROE -285.4%
-1000%-2000%2022202320242025

Each USD of equity lost 285 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -6.5
-2.5M-5.0M2022202320242025

Total assetsUSD 6.4M
EquityUSD 3.4M
CashUSD 5.0M
Gross debtUSD 148,293.00
Net debtUSD -4.8M
DepositsUSD 28,660.00

The company holds more cash than debt.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue $B0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0
Income tax $B····
Net income $B−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0
EPS, diluted $−0.95−1.22−4.50−2.77
Dividend / sh $····
Payout %····
ROE %−285.4−2480.5··
Shares out B0.010.010.010.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 75 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectromedical & Electrotherapeutic Apparatus
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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