NeurAxis, Inc. (NRXS)
Carmel, IN, US
NeurAxis, Inc. (NRXS) is an American company specializing in neuromodulation therapy devices. Its primary offering is IB-Stim, a percutaneous electrical nerve field stimulation system engineered to alleviate functional abdominal pain associated with irritable bowel syndrome in patients aged 11 to 18. NeurAxis markets its solutions to healthcare providers, predominantly hospitals and clinics. The firm, headquartered in Carmel, Indiana, was established in 2011 and operated as Innovative Health Solutions, Inc. until its rebranding to NeurAxis, Inc. in March 2022.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.47% | -6.66% | +20.91% | +70.52% | +218.08% | +82.16% | +256.47% | +37.83% | +37.83% | +37.83% | +37.83% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | — | — |
| Last Quarter | — | — |
| Last Year | 2 |
7.50
+7.4%
|
| All Time | 2 |
7.50
+7.4%
|
-
Revenue growth Biotechnology: +1.6%+32.9% ★ Q1'26: +79.5% (vs Q1'25)
-
EPS growth Biotechnology: +29.7%+22.1% Q1'26: +45.5% (vs Q1'25)
-
FCF margin FCF growth · Biotechnology: +16.2%-200.7% Q1'26: -76.5% (vs Q1'25)
-
EBIT margin Biotechnology: +0.0%-216.5% Q1'26: +0.0% (vs Q1'25)
-
ROIC Biotechnology: -16.1%— Q1'26: +0.0% (vs Q1'25)
-
Share dilution Biotechnology: -3.4%+31.3% Q1'26: +46.7% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×-0.05× Q1'26: -0.02× (vs Q1'25)
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 2 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
2.46M
est: 3.66M (-32.7%)
|
2.69M
est: 11.65M (-77.0%)
|
3.57M
est: 3.45M (+3.4%)
|
9.60M
9.00M – 10.20M
+178.2% YoY
|
20.70M
20.29M – 21.11M
+115.6% YoY
|
32.80M
32.15M – 33.45M
+58.5% YoY
|
| EBITDA |
-9.23M
est: -3.66M (-152.5%)
|
-7.90M
est: -11.65M (+32.2%)
|
-7.67M
est: -3.45M (-122.2%)
|
-9.60M
-10.20M – -9.00M
-178.2% YoY
|
-20.70M
-21.11M – -20.29M
-115.6% YoY
|
-32.80M
-33.45M – -32.15M
-58.5% YoY
|
| EBIT |
-9.27M
est: -3.66M (-153.6%)
|
-7.94M
est: -11.65M (+31.9%)
|
-7.73M
est: -3.45M (-123.9%)
|
-9.60M
-10.20M – -9.00M
-178.2% YoY
|
-20.70M
-21.11M – -20.29M
-115.6% YoY
|
-32.80M
-33.45M – -32.15M
-58.5% YoY
|
| Net Income |
-14.63M
|
-8.24M
est: -908.3K (-807.3%)
|
-7.80M
est: -9.08M (+14.1%)
|
-5.04M
-6.05M – -4.03M
+44.5% YoY
|
-272.5K
-279.5K – -265.5K
+94.6% YoY
|
3.54M
3.45M – 3.63M
+1,400.0% YoY
|
| SGA |
8.65M
est: 10.00M (-13.5%)
|
9.27M
est: 32.10M (-71.1%)
|
10.34M
est: 9.51M (+8.8%)
|
26.45M
24.79M – 28.10M
+178.2% YoY
|
57.02M
55.89M – 58.15M
+115.6% YoY
|
90.36M
88.57M – 92.15M
+58.5% YoY
|
| EPS |
-2.32
|
-1.22
est: -0.10 (-1,120.0%)
|
-0.95
est: -1.00 (+5.0%)
|
-0.56
-0.67 – -0.44
+44.5% YoY
|
-0.03
-0.03 – -0.03
+94.6% YoY
|
0.39
0.38 – 0.40
+1,400.0% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-01 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-30 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-29 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-27 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-24 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-23 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-22 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-21 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-20 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-17 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-16 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | P. Hannasch | 695.8K | 10.20% | 695.8K | — | 695.8K | — | IN | United States | 2024-10-08 | ↗ |
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares Micro-Cap ETF IWC | 0.01% | 209.6K | 0.60% |
| 2 | Vanguard Extended Market ETF VXF | 0.00% | 722.8K | 0.05% |
| 3 | Vanguard U.S. Total Market Shares Index ETF VTS.AX | 0.00% | 3.5K | 0.03% |
| 4 | Vanguard U.S. Total Market Index ETF VUN.TO | 0.00% | 9.6K | 0.17% |
| 5 | Vanguard U.S. Total Market Index ETF (CAD-hedged) VUS.TO | 0.00% | 709.85 | 0.17% |
| 6 | Vanguard Total Stock Market ETF VTI | 0.00% | 1.64M | 0.03% |
| 7 | Vanguard All-Equity ETF Portfolio VEQT.TO | 0.00% | 3.6K | 0.22% |
| 8 | Vanguard Growth ETF Portfolio VGRO.TO | 0.00% | 2.0K | 0.22% |
| 9 | Vanguard Balanced ETF Portfolio VBAL.TO | 0.00% | 791.48 | 0.22% |
| 10 | Vanguard Conservative ETF Portfolio VCNS.TO | 0.00% | 87.25 | 0.22% |
Insider Activity
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-04-28 | Aharon Gil | Director | A-Award | A | Common Stock | 221,917 | 0.00 | — | 508,055 | I | ↗ |
| 2026-04-01 | Henrichs Timothy Robert | Officer | P-Purchase | A | Common Stock | 7,593 | 1.96 | 14.9K | 7,593 | D | ↗ |
| 2026-04-01 | Carrico Thomas Joeseph | Officer | P-Purchase | A | Common Stock | 667 | 1.96 | 1.3K | 331,903 | D | ↗ |
| 2026-04-01 | Carrico Brian Allen | Director / Officer | P-Purchase | A | Common Stock | 8,060 | 1.96 | 15.8K | 348,178 | D | ↗ |
| 2026-01-22 | Watkins Bradley Mitchell | Director | A-Award | A | Common Stock | 21,598 | 4.63 | 100.0K | 46,335 | D | ↗ |
| 2026-01-22 | Miranda Adrian | Officer | A-Award | A | RSU | 47,569 | 0.00 | — | 47,569 | D | ↗ |
| 2026-01-22 | Keyser Jane Elizabeth | Director | A-Award | A | Common Stock | 21,598 | 4.63 | 100.0K | 46,335 | D | ↗ |
| 2026-01-22 | Henrichs Timothy Robert | Officer | A-Award | A | RSU | 75,231 | 0.00 | — | 75,231 | D | ↗ |
| 2026-01-22 | Ferge Kristin A | Director | A-Award | A | Common Stock | 21,598 | 4.63 | 100.0K | 35,938 | D | ↗ |
| 2026-01-22 | Carrico Thomas Joeseph | Officer | A-Award | A | RSU | 47,569 | 0.00 | — | 47,569 | D | ↗ |
| 2026-01-22 | Carrico Brian Allen | Director / Officer | A-Award | A | RSU | 94,173 | 0.00 | — | 94,173 | D | ↗ |
| 2026-01-22 | Aharon Gil | Director | A-Award | A | Common Shares | 21,598 | 4.63 | 100.0K | 307,736 | D | ↗ |
| 2025-12-23 | Aharon Gil | Director | P-Purchase | A | Common Shares | 286,138 | 3.52 | 1.01M | 286,138 | I | ↗ |
| 2025-07-01 | MASIMO CORP | 10% Owner | C-Conversion | A | Common Stock | 289,779 | 0.00 | 28.98 | 289,779 | D | ↗ |
| 2025-03-18 | Henrichs Timothy Robert | Officer | A-Award | A | RSU | 100,000 | 0.00 | — | 100,000 | D | ↗ |
| 2025-03-04 | Miranda Adrian | Officer | A-Award | A | RSU | 30,000 | 0.00 | — | 30,000 | D | ↗ |
| 2025-03-04 | Henrichs Timothy Robert | Officer | A-Award | A | RSU | 66,000 | 0.00 | — | 66,000 | D | ↗ |
| 2025-03-04 | Carrico Thomas Joeseph | Officer | A-Award | A | RSU | 27,435 | 0.00 | — | 27,435 | D | ↗ |
| 2025-03-04 | Carrico Brian Allen | Director / Officer | A-Award | A | RSU | 10,000 | 0.00 | — | 10,000 | D | ↗ |
| 2025-01-17 | Watkins Bradley Mitchell | Director | A-Award | A | Common Stock | 13,157 | 2.85 | 37.5K | 24,737 | D | ↗ |
| 2025-01-17 | Keyser Jane Elizabeth | Director | A-Award | A | Common Stock | 13,157 | 2.85 | 37.5K | 24,737 | D | ↗ |
| 2025-01-17 | Ferge Kristin A | Director | A-Award | A | Common Stock | 13,157 | 2.85 | 37.5K | 14,340 | D | ↗ |
| 2025-01-03 | Miranda Adrian | Officer | A-Award | A | RSU | 35,000 | 0.00 | — | 35,000 | D | ↗ |
| 2025-01-03 | Henrichs Timothy Robert | Officer | A-Award | A | RSU | 67,980 | 0.00 | — | 67,980 | D | ↗ |
| 2025-01-03 | Carrico Thomas Joeseph | Officer | A-Award | A | RSU | 35,000 | 0.00 | — | 35,000 | D | ↗ |
| 2025-01-03 | Carrico Brian Allen | Director / Officer | A-Award | A | RSU | 70,019 | 0.00 | — | 70,019 | D | ↗ |
| 2024-11-25 | Aharon Gil | Director | — | — | Series B Convertible Preferred Stock | 1,890,756 | 2.38 | 4.50M | 0 | I | ↗ |
| 2023-08-08 | SEALE JOHN G | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
Executive team
Executive compensation
| # | Year | Executive | Salary | Bonus | Stock award | Option award | Incentive | Other | Total | % Stock- based |
Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2025 | Brian Carrico Chief Executive Officer | 345.1K | 181.0K | 388.8K | — | — | — | 936.4K | 41.52% | ↗ |
| 2 | 2025 | Timothy Henrichs Chief Financial Officer | 327.3K | 140.6K | 327.9K | — | — | — | 817.3K | 40.12% | ↗ |
| 3 | 2025 | Dr. Adrian Miranda Chief Medical Officer | 300.0K | 77.5K | 171.9K | — | — | — | 571.0K | 30.11% | ↗ |
| 4 | 2025 | Dr. Thomas Carrico Chief Regulatory Officer | 300.0K | 77.5K | 166.3K | — | — | — | 566.9K | 29.34% | ↗ |
| 5 | 2024 | Timothy Henrichs Chief Financial Officer | 274.1K | 112.2K | 227.0K | — | — | — | 628.9K | 36.10% | ↗ |
| 6 | 2024 | Brian Carrico Chief Executive Officer | 353.0K | 206.7K | — | — | — | — | 578.4K | 0.00% | ↗ |
| 7 | 2024 | Dr. Adrian Miranda Chief Medical Officer | 300.0K | 63.8K | — | — | — | — | 382.4K | 0.00% | ↗ |
| 8 | 2024 | Dr. Thomas Carrico Chief Regulatory Officer | 288.3K | 63.8K | — | — | — | — | 368.9K | 0.00% | ↗ |
| 9 | 2023 | Brian Carrico Chief Executive Officer | 375.0K | 441.3K | — | — | — | — | 839.4K | 0.00% | ↗ |
| 10 | 2023 | Dr. Thomas Carrico Chief Regulatory Officer | 278.8K | 116.7K | — | — | — | — | 411.1K | 0.00% | ↗ |
| 11 | 2023 | Dr. Adrian Miranda Chief Medical Officer | 300.0K | — | — | — | — | — | 323.1K | 0.00% | ↗ |
| 12 | 2022 | Brian Carrico Chief Executive Officer | 373.6K | — | — | — | — | 18.6K | 392.2K | 0.00% | ↗ |
| 13 | 2022 | Dr. Thomas Carrico Chief Regulatory Officer | 272.0K | — | — | — | — | 15.2K | 287.2K | 0.00% | ↗ |
| 14 | 2022 | Dr. Adrian Miranda Chief Medical Officer | 266.3K | — | — | — | — | 18.6K | 284.9K | 0.00% | ↗ |
Proxy statements
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Brian Carrico | President, Chief Executive Officer & Director | 547.6K | male |
| Timothy Robert Henrichs | Chief Financial Officer | 489.4K | male |
| Thomas Carrico | Chief Regulatory Officer and Compliance & Privacy Officer | 400.6K | male |
| Adrian Miranda | Senior Vice President of Science & Technology and Chief Medical Officer | 399.1K | — |
| Behnam Shamsian | Investor Relations | — | male |
| Christopher Robin Brown | Founder, Director of Innovation & Director | — | male |
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No House trading activity found for this company.
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Community Opinion for NRXS
Short-term intention
Target Price Distribution
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