CLPT on Nasdaq
ClearPoint Neuro, Inc.
We are a commercial-stage medical device company, incorporated in 1998 as a Delaware corporation, that develops and commercializes integrated systems used in minimally invasive neurosurgical.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerCLPT on Nasdaq1
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersSolana Beach, California1
- Incorporated inDE2
- Business address120 S. Sierra Avenue, Suite 100, Solana Beach, Ca 920752
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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We are a commercial-stage medical device company, incorporated in 1998 as a Delaware corporation, that develops and commercializes integrated systems used in minimally invasive neurosurgical procedures in the brain. From our inception in 1998, we have deployed significant resources to fund our efforts to develop the foundational capabilities for enabling magnetic resonance imaging (“MRI”) guided interventions, building an intellectual property portfolio, and identifying and building out commercial applications for the technologies we develop. In 2021, our efforts expanded beyond the MRI suite to encompass development and commercialization of neurosurgical device products for the operating room setting, as well as consulting services for pharmaceutical companies.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Biologics And Drug Delivery - Services And License Fees brought in 43% of the revenue ClearPoint Neuro, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Biologics And Drug Delivery - Services And License Fees | $11.7M | $11.7M |
| Biologics and Drug Delivery - Disposable Products | $5.6M | $7.3M |
| Capital Equipment and Software Revenue | $3.8M | $3.1M |
| Capital Equipment and Software-Related Service | $2.3M | $2.1M |
| Capital Equipment and Software - Systems and Software Products | $2.7M | $1.7M |
| Capital Equipment and Software - Services | $1.1M | $1.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue32¢$14.3M
- Research and development31¢$13.9M
- Selling, general and admin37¢$16.5M
- Income tax0¢$55.0K
Out of $37.0M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $37.0M | $31.4M |
| Cost of revenue | $14.3M | $12.3M |
| Gross profit | $22.7M | $19.1M |
| Research and development costs | $13.9M | $12.4M |
| Sales and marketing expenses | $16.5M | $14.5M |
| General and administrative expenses | $16.5M | $12.0M |
| Operating loss | -$24.2M | -$19.7M |
| Other expense, net | -$146.0K | -$40.0K |
| Interest income | $1.2M | $1.4M |
| Interest expense | -$2.4M | -$518.0K |
| Net loss before income taxes | -$25.5M | -$18.9M |
| Income tax expense | $55.0K | $12.0K |
| Net loss | -$25.5M | -$18.9M |
| Basic (in dollars per share) | -$0.90 | -$0.70 |
| Diluted (in dollars per share) | -$0.90 | -$0.70 |
| Basic (in shares) | 28.3M shares | 27.0M shares |
| Diluted (in shares) | 28.3M shares | 27.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $45.9M | $20.1M | |
| Accounts receivable, net | $6.5M | $4.7M | $3.2M |
| Inventory, net | $8.4M | $6.9M | |
| Prepaid expenses and other current assets | $2.8M | $1.7M | |
| Total current assets | $63.6M | $33.4M | |
| Property and equipment, net | $2.6M | $2.0M | |
| Operating lease, right-of-use assets | $8.4M | $3.1M | |
| Goodwill | $7.5M | $0 | |
| Intangible assets, net | $13.9M | $0 | |
| Other assets | $1.7M | $735.0K | |
| Total assets | $97.7M | $39.2M | |
| Accounts payable | $1.3M | $1.3M | |
| Accrued compensation | $4.4M | $4.9M | |
| Other accrued liabilities | $2.8M | $1.4M | |
| Operating lease liabilities, current portion | $694.0K | $557.0K | |
| Contract liabilities, current portion | $1.7M | $2.1M | |
| Total current liabilities | $10.8M | $10.4M | |
| Operating lease liabilities, net of current portion | $8.5M | $3.0M | |
| Contract liabilities, net of current portion | $581.0K | $436.0K | |
| Long-term notes payable, net | $49.1M | $0 | |
| Deferred tax liabilities, net | $354.0K | $0 | |
| Other long-term liabilities | $489.0K | $0 | |
| Total liabilities | $69.7M | $13.8M | |
| Preferred stock, $0.01 par value; 25,000,000 shares authorized at December 31, 2025 and 2024; none issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.01 par value; 90,000,000 shares authorized at December 31, 2025 and 2024; 29,368,760 and 27,617,415 shares issued and outstanding at December 31, 2025 and 2024, respectively | $294.0K | $276.0K | |
| Additional paid-in capital | $239.0M | $216.5M | |
| Shares to be issued | $5.6M | $0 | |
| Accumulated deficit | -$216.9M | -$191.4M | |
| Total stockholders equity | $28.0M | $25.4M | $21.2M |
| Total liabilities and stockholders equity | $97.7M | $39.2M | |
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 25.0M shares | 25.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 90.0M shares | 90.0M shares | |
| Common stock, shares issued (in shares) | 29.4M shares | 27.6M shares | |
| Common stock, shares outstanding (in shares) | 29.4M shares | 27.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $45.9M | $20.1M | |
| Accounts receivable, net | $6.5M | $4.7M | $3.2M |
| Inventory, net | $8.4M | $6.9M | |
| Prepaid expenses and other current assets | $2.8M | $1.7M | |
| Total current assets | $63.6M | $33.4M | |
| Property and equipment, net | $2.6M | $2.0M | |
| Operating lease, right-of-use assets | $8.4M | $3.1M | |
| Goodwill | $7.5M | $0 | |
| Intangible assets, net | $13.9M | $0 | |
| Other assets | $1.7M | $735.0K | |
| Total assets | $97.7M | $39.2M | |
| Accounts payable | $1.3M | $1.3M | |
| Accrued compensation | $4.4M | $4.9M | |
| Other accrued liabilities | $2.8M | $1.4M | |
| Operating lease liabilities, current portion | $694.0K | $557.0K | |
| Contract liabilities, current portion | $1.7M | $2.1M | |
| Total current liabilities | $10.8M | $10.4M | |
| Operating lease liabilities, net of current portion | $8.5M | $3.0M | |
| Contract liabilities, net of current portion | $581.0K | $436.0K | |
| Long-term notes payable, net | $49.1M | $0 | |
| Deferred tax liabilities, net | $354.0K | $0 | |
| Other long-term liabilities | $489.0K | $0 | |
| Total liabilities | $69.7M | $13.8M | |
| Preferred stock, $0.01 par value; 25,000,000 shares authorized at December 31, 2025 and 2024; none issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.01 par value; 90,000,000 shares authorized at December 31, 2025 and 2024; 29,368,760 and 27,617,415 shares issued and outstanding at December 31, 2025 and 2024, respectively | $294.0K | $276.0K | |
| Additional paid-in capital | $239.0M | $216.5M | |
| Shares to be issued | $5.6M | $0 | |
| Accumulated deficit | -$216.9M | -$191.4M | |
| Total stockholders equity | $28.0M | $25.4M | $21.2M |
| Total liabilities and stockholders equity | $97.7M | $39.2M | |
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 25.0M shares | 25.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 90.0M shares | 90.0M shares | |
| Common stock, shares issued (in shares) | 29.4M shares | 27.6M shares | |
| Common stock, shares outstanding (in shares) | 29.4M shares | 27.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | -$25.5M | -$18.9M |
| Allowance for credit losses (recoveries) | $21.0K | -$296.0K |
| Depreciation and amortization | $814.0K | $980.0K |
| Amortization of intangible assets | $168.0K | $0 |
| Share-based compensation | $8.2M | $6.9M |
| Payment-in-kind interest | $908.0K | $0 |
| Amortization of debt issuance costs and original issue discounts | $83.0K | $51.0K |
| Amortization of lease right of use assets, net of accretion in lease liabilities | $1.3M | $923.0K |
| Accounts receivable | -$268.0K | -$1.2M |
| Inventory, net | -$103.0K | $743.0K |
| Prepaid expenses and other current assets | -$397.0K | $262.0K |
| Other assets | -$195.0K | -$39.0K |
| Accounts payable and accrued expenses | -$7.5M | $3.1M |
| Lease liabilities | -$1.0M | -$869.0K |
| Contract liabilities | -$319.0K | -$597.0K |
| Net cash flows from operating activities | -$23.9M | -$8.9M |
| Cash acquired in business combination, net of cash paid | $1.1M | $0 |
| Purchases of property and equipment | -$522.0K | -$275.0K |
| Net cash flows from investing activities | $615.0K | -$275.0K |
| Proceeds from offerings of common stock, net of offering costs | $3.3M | $16.1M |
| Proceeds from issuance of notes payable, net of financing costs and discount | $48.1M | $0 |
| Repayment of 2020 senior secured convertible note | $0 | -$10.0M |
| Proceeds from stock option exercises | $127.0K | $21.0K |
| Payments for taxes related to net share settlement of equity awards | -$1.9M | -$424.0K |
| Proceeds from issuance of common stock under employee stock purchase plan | $559.0K | $443.0K |
| Net cash flows from financing activities | $50.2M | $6.2M |
| Net change in cash, cash equivalents and restricted cash | $26.9M | -$3.0M |
| Income taxes | $69.0K | $62.0K |
| Interest | $908.0K | $480.0K |
| Capital expenditures accrued, not yet paid | $300.0K | $200.0K |
| Net transfers of reusable components from loaned systems | $400.0K | $400.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led ClearPoint Neuro, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerJoseph Michael Burnett Nov 7, 2017 to now13
- Chief executive officerFrancis P. Grillo Aug 17, 2015 to Nov 7, 201714
- Chief executive officerKimble L. Jenkins Feb 27, 2012 to Nov 6, 201315
- ChairKimble L. Jenkins Feb 27, 2012 to Apr 17, 201215
- PresidentJoseph Michael Burnett Nov 7, 2017 to now13
- PresidentFrancis P. Grillo Oct 6, 2014 to Oct 8, 201416
- Chief financial officerDanilo D'Alessandro Aug 23, 2021 to now17
- Chief financial officerHarold A. Hurwitz Aug 17, 2015 to Jul 13, 202018
- Chief operating officerMazin Sabra Oct 11, 2022 to now19
- Chief operating officerPeter G. Piferi Feb 27, 2012 to Aug 23, 202120
Board members and other officers (25)
- GM, Biologics & Drug DeliveryL. Jeremy Stigall May 19, 2022 to now21
- Vice President, FinanceDanilo D'Alessandro Sep 30, 2020 to Oct 21, 202022
- Vice President, FinanceHarold A. Hurwitz Mar 31, 2015 to Mar 31, 201523
- Vice President, MarketingWendelin C. Maners Dec 1, 2014 to Oct 5, 201724
- VP. Product ManagementCarol J. Barbre Feb 27, 2012 to Apr 17, 201225
- VP, SalesJohn T. Keane Feb 27, 2012 to Feb 27, 201226
- VP, Business AffairsOscar L. Thomas Feb 27, 2012 to Nov 6, 201327
- VP, Global Sales & MarketingRobert C. Korn Nov 13, 2012 to Aug 17, 201528
- Board memberLynnette C. Fallon Jul 16, 2021 to now29
- Board memberLinda M. Liau Nov 3, 2021 to now30
- Board memberMarcio Souza May 17, 2019 to May 17, 201931
- Board memberB. Kristine Johnson Sep 3, 2019 to now32
- Board memberR. John Fletcher May 11, 2017 to now33
- Board memberJoseph Michael Burnett Nov 7, 2017 to now13
- Board memberFrancis P. Grillo Aug 17, 2015 to Nov 7, 201714
- Board memberTimothy T. Richards Mar 10, 2014 to now34
- Board memberPascal E. R. Girin Sep 3, 2014 to now35
- Board memberPhilip A. Pizzo Apr 16, 2013 to Oct 5, 201736
- Board memberKimble L. Jenkins Nov 6, 2013 to Oct 1, 202037
- Board memberBruce C. Conway Feb 27, 2012 to Mar 25, 201338
- Board memberCharles E. Koob Feb 27, 2012 to Oct 5, 201739
- Board memberJames K. Malernee Jr. Feb 27, 2012 to Jan 3, 201440
- Board memberJohn N. Spencer Jr. Feb 27, 2012 to Apr 2, 202141
- Board memberMichael Pietrangelo Feb 27, 2012 to Jul 2, 201442
- Board memberPaul A. Bottomley Feb 27, 2012 to Jan 3, 201443
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorMatthew B. Klein named Feb 5, 202644
Former names
Timeline
Filings
395 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 254 insider forms, 24 large holders, 1 private raises, 45 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 2026SCHEDULE 13G/A EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 27, 2026SCHEDULE 13G/A EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jun 29, 2026144 EDGAR
- Jun 22, 20264 EDGAR
- Jun 17, 2026144 EDGAR
- Jun 17, 2026144 EDGAR
- Jun 8, 20264 EDGAR
- Jun 2, 20264 EDGAR
The 395 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
14 open-market trades by officers, directors and large owners since October 2021: 0 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 29, 2026 | BURNETT JOSEPHCEO and President | Sale | 20,000 | $19.38 | $387.6K | Form 4 |
| Jun 17, 2026 | BURNETT JOSEPHCEO and President | Sale | 61,843 | $17.79 | $1.1M | Form 4 |
| Jun 1, 2026 | Richards Timothy T.Director | Sale | 5,415 | $12.17 | $65.9K | Form 4 |
| May 21, 2026 | Klein Matthew B.Director | Sale | 16,000 | $11.59 | $185.4K | Form 4 |
| May 20, 2026 | FALLON LYNNETTE CDirector | Sale | 5,091 | $11.14 | $56.7K | Form 4 |
| Feb 25, 2026 | BURNETT JOSEPHCEO and President | Sale | 19,951 | $15.17 | $302.7K | Form 4 |
| Jan 26, 2026 | BURNETT JOSEPHCEO and President | Sale | 2,943 | $15.57 | $45.8K | Form 4 |
| Jan 9, 2026 | BURNETT JOSEPHCEO and President | Sale | 20,000 | $16.12 | $322.4K | Form 4 |
| Oct 10, 2025 | BURNETT JOSEPHCEO and President | Sale | 26,463 | $26.98 | $714.0K | Form 4 |
| Jun 10, 2025 | Richards Timothy T.Director | Sale | 10,000 | $13.28 | $132.8K | Form 4 |
| Jun 9, 2025 | BURNETT JOSEPHCEO and President | Sale | 21,247 | $13.29 | $282.4K | Form 4 |
| Jun 3, 2025 | FALLON LYNNETTE CDirector | Sale | 10,200 | $12.57 | $128.2K | Form 4 |
| Aug 15, 2022 | BURNETT JOSEPH MICHAELCEO and President | Sale | 18,867 | $16.07 | $303.2K | Form 4 |
| Nov 11, 2021 | BURNETT JOSEPH MICHAELCEO and President | Sale | 10,000 | $16.88 | $168.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- MAK CAPITAL ONE LLCSCHEDULE 13G/A, 1 filing Aug 12, 202645
- BIGGER CAPITAL FUND L PSCHEDULE 13G/A, 9 filings Jan 26, 2022 to Aug 4, 202646
- BlackRockSCHEDULE 13G/A, 1 filing Jul 27, 202647
- MAK Capital Fund LPSCHEDULE 13G/A, 2 filings Mar 13, 2026 to May 15, 202648
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 13, 2024 to Mar 26, 202649
- Bigger Capital, LLCSC 13G/A, 2 filings Feb 6, 2024 to Nov 8, 202450
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 20, 2025Raised $17.9 million in a private offering of equity Form D: 46 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 2,379,804 | $42.5M | 0.0% | +297,054 |
| Mak Capital One LLC | 2,375,861 | $42.4M | 5.9% | +474,372 |
| Vanguard Capital Management LLC | 1,232,807 | $22.0M | 0.0% | −10,808 |
| State Street Corp | 816,547 | $14.6M | 0.0% | +136,728 |
| Geode Capital Management, LLC | 749,932 | $13.4M | 0.0% | +44,212 |
| Lane Generational LLC | 444,831 | $7.9M | 7.0% | −42,018 |
| UBS Group AG | 428,632 | $7.6M | 0.0% | −3,728 |
| Millennium Management LLC | 357,676 | $6.4M | 0.0% | +125,702 |
| Brown Advisory Inc | 325,906 | $5.8M | 0.0% | No change |
| Compass Financial Management LLC | 295,680 | $5.3M | 0.6% | New |
| Susquehanna International Group, Llp | 240,282 | $4.3M | 0.0% | +103,998 |
| Northern Trust Corp | 230,986 | $4.1M | 0.0% | +21,560 |
| Pier Capital, LLC | 222,761 | $4.0M | 0.5% | New |
| Vanguard Fiduciary Trust Co | 213,246 | $3.8M | 0.0% | +7,491 |
| Vanguard Portfolio Management LLC | 194,584 | $3.5M | 0.0% | −90,225 |
| Tudor Investment Corp Et Al | 173,759 | $3.1M | 0.0% | +16,788 |
| Morgan Stanley | 165,786 | $3.0M | 0.0% | +35,914 |
| Two Sigma Investments, LP | 154,851 | $2.8M | 0.0% | −55,929 |
| Bank of New York Mellon Corp | 151,767 | $2.7M | 0.0% | +8,020 |
| Parsons Capital Management Inc/ri | 148,976 | $2.7M | 0.1% | −194 |
| Pekin Hardy Strauss, Inc. | 143,375 | $2.6M | 0.2% | +3,000 |
| Goldman Sachs Group Inc | 138,911 | $2.5M | 0.0% | −324,706 |
| Taylor Frigon Capital Management LLC | 132,009 | $2.4M | 1.1% | +108 |
| CM Management, LLC | 125,000 | $2.2M | 1.4% | −25,000 |
| Diametric Capital, LP | 123,293 | $2.2M | 0.2% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARFrancis P. Grillo, President
- 17
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- 19SEC EDGARMazin Sabra, Chief operating officer
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- 21
- 22
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- 26SEC EDGARJohn T. Keane, VP, Sales
- 27
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- 29SEC EDGARLynnette C. Fallon, Board member
- 30SEC EDGARLinda M. Liau, Board member
- 31SEC EDGARMarcio Souza, Board member
- 32SEC EDGARB. Kristine Johnson, Board member
- 33SEC EDGARR. John Fletcher, Board member
- 34SEC EDGARTimothy T. Richards, Board member
- 35SEC EDGARPascal E. R. Girin, Board member
- 36SEC EDGARPhilip A. Pizzo, Board member
- 37SEC EDGARKimble L. Jenkins, Board member
- 38SEC EDGARBruce C. Conway, Board member
- 39SEC EDGARCharles E. Koob, Board member
- 40SEC EDGARJames K. Malernee Jr., Board member
- 41SEC EDGARJohn N. Spencer Jr., Board member
- 42SEC EDGARMichael Pietrangelo, Board member
- 43SEC EDGARPaul A. Bottomley, Board member
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