Jun 2026 (Q2 FY26) — Aug 13, 2026
Tenon Medical Q2 FY26 — Record Revenue and Gross Margin Expansion Driven by Procedure Growth
Read the full callTenon Medical earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1.3 | +126.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -262.2 | +244.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -4.1 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $43.05 on 15 Oct 2025 → $2.7. High $45.15 (12 Nov 2025), low $2.44 (9 Sept 2026).
Overview
Call summaries
Tenon Medical Q2 FY26 — Record Revenue and Gross Margin Expansion Driven by Procedure Growth
Read the full callEvery analysed call
Financials
Net profit, year on year: −46% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating profit | -3 | -3 | -4 | -3 | -3 | -3 | -3 | -3 |
| Operating margin | −362.5% | −412.1% | −506.5% | −506.6% | −289.2% | −193.5% | −237.8% | −262.2% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -1 |
| Interest | — | 0 | — | — | — | — | 0 | 1 |
| Net profit | -3 | -3 | -4 | -3 | -3 | -3 | -3 | -4 |
| EPS ($ per share) | -3.63 | — | -1.01 | -12.76 | -0.40 | — | -0.31 | -12.35 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 |
| Reserves | -21 | -39 | -55 | -69 | -81 |
| Total liabilities | 16 | 5 | 6 | 4 | 6 |
| Fixed assets | 0 | 1 | 1 | 1 | 1 |
| Investments | 4 | 6 | — | — | — |
| Total assets | 9 | 11 | 6 | 10 | 11 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | -4 | -12 | -12 | -10 | -11 |
| Cash from investing | -5 | -3 | 6 | -0 | -1 |
| Cash from financing | 11 | 14 | 6 | 14 | 9 |
| Net cash flow | 3 | -1 | 0 | 4 | -3 |
| Capital expenditure | -0 | -1 | -0 | -0 | -0 |
| Free cash flow | -4 | -13 | -13 | -10 | -11 |
51 filings between Nov 14, 2025 and Sep 10, 2026.
Purchases
$500.2K
12 purchases by 4 insiders
Sales
$605.7K
9 sales by 1 insider
Some filings report no price, so the dollar figures above are a floor, not a total.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| HRT FINANCIAL LP | $500.2K | $605.7K | Sep 10, 2026 |
| FOSTER STEVEN M | $0 | — | Nov 14, 2025 |
| Geist Wyatt D. | $0 | — | Nov 14, 2025 |
| Grawey Nathaniel A. | $0 | — | Nov 14, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 10, 2026 | HRT FINANCIAL LP 10% owner | Sale | 65,582 | $364.6K |
| Sep 10, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 31,227 | $91.2K |
| Sep 10, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 28,267 | $113.6K |
| Sep 10, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 8,431 | $41.5K |
| Sep 9, 2026 | HRT FINANCIAL LP 10% owner | Sale | 50,395 | $131.5K |
| Sep 9, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 39,508 | $134.3K |
| Sep 9, 2026 | HRT FINANCIAL LP 10% owner | Sale | 9,948 | $42.5K |
| Sep 9, 2026 | Williamson Kevin Chief Financial Officer | Tax withheld | 11 | $38 |
| Sep 8, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 707 | $2.4K |
| Sep 8, 2026 | Williamson Kevin Chief Financial Officer | Option exercise | 30 | $0 |
| Sep 4, 2026 | HRT FINANCIAL LP 10% owner | Sale | 1,506 | $5.6K |
| Sep 3, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 1,658 | $6.6K |
| Sep 2, 2026 | HRT FINANCIAL LP 10% owner | Sale | 450 | $2.0K |
| Sep 1, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 1,790 | $8.2K |
| Aug 31, 2026 | HRT FINANCIAL LP 10% owner | Sale | 1,276 | $5.9K |
| Aug 28, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 5,981 | $38.0K |
| Aug 28, 2026 | HRT FINANCIAL LP 10% owner | Purchase | 12,376 | $64.5K |
| Aug 28, 2026 | HRT FINANCIAL LP 10% owner | Sale | 2,091 | $16.5K |
| Aug 28, 2026 | HRT FINANCIAL LP 10% owner | Sale | 4,932 | $34.9K |
| Aug 27, 2026 | HRT FINANCIAL LP 10% owner | Sale | 419 | $2.1K |
| Aug 3, 2026 | GINN RICHARD Chief Technology Officer | Tax withheld | 44,809 | $8.9K |
| Aug 3, 2026 | FOSTER STEVEN M CEO and President | Tax withheld | 41,788 | $8.3K |
| Aug 3, 2026 | Williamson Kevin Chief Financial Officer | Tax withheld | 12,978 | $2.6K |
| Jul 31, 2026 | Williamson Kevin Chief Financial Officer | Option exercise | 58,987 | $0 |
| Jul 31, 2026 | Ferrari Richard Director | Option exercise | 64,479 | $0 |
| Jul 31, 2026 | Jacques Kristine M Director | Option exercise | 10,147 | $0 |
| Jul 31, 2026 | HOWARD IVAN Director | Option exercise | 10,732 | $0 |
| Jul 31, 2026 | WEIGLE ROBERT K Director | Option exercise | 10,732 | $0 |
| Jul 31, 2026 | Hochschuler Stephen Director | Option exercise | 10,732 | $0 |
| Jul 31, 2026 | FOSTER STEVEN M CEO and President | Option exercise | 140,936 | $0 |
| Jul 31, 2026 | GINN RICHARD Chief Technology Officer | Option exercise | 126,577 | $0 |
| May 1, 2026 | Geist Wyatt D. Chief Innovation Officer | Award | 136,401 | $0 |
| May 1, 2026 | Grawey Nathaniel A. Chief Commercial Officer | Award | 68,201 | $0 |
| Mar 3, 2026 | Williamson Kevin Chief Financial Officer | Option exercise | 1,041 | $0 |
| Jan 5, 2026 | Hochschuler Stephen Director | Tax withheld | 3,327 | $3.1K |
| Jan 5, 2026 | WEIGLE ROBERT K Director | Tax withheld | 3,413 | $3.2K |
| Jan 5, 2026 | GINN RICHARD Chief Technology Officer | Tax withheld | 47,426 | $44.1K |
| Jan 5, 2026 | Williamson Kevin Chief Financial Officer | Tax withheld | 18,518 | $17.2K |
| Jan 5, 2026 | HOWARD IVAN Director | Tax withheld | 3,327 | $3.1K |
| Jan 1, 2026 | Williamson Kevin Chief Financial Officer | Option exercise | 58,987 | $0 |
| Jan 1, 2026 | Ferrari Richard Director | Option exercise | 64,478 | $0 |
| Jan 1, 2026 | Jacques Kristine M Director | Option exercise | 583 | $0 |
| Jan 1, 2026 | Jacques Kristine M Director | Option exercise | 10,146 | $0 |
| Jan 1, 2026 | FOSTER STEVEN M CEO and President | Option exercise | 140,936 | $0 |
| Jan 1, 2026 | Hochschuler Stephen Director | Option exercise | 10,732 | $0 |
| Jan 1, 2026 | WEIGLE ROBERT K Director | Option exercise | 10,732 | $0 |
| Jan 1, 2026 | HOWARD IVAN Director | Option exercise | 10,732 | $0 |
| Jan 1, 2026 | GINN RICHARD Chief Technology Officer | Option exercise | 126,577 | $0 |
| Nov 14, 2025 | Grawey Nathaniel A. Chief Commercial Officer | Purchase | 101,167 | — |
| Nov 14, 2025 | Geist Wyatt D. Chief Innovation Officer | Purchase | 19,455 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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