PROCEPT BioRobotics Corp (PRCT) company profile
Close on Nov 13, 2026Market cap $1.36BP/E –Yield –
About PROCEPT BioRobotics
Surgical & Medical Instruments & Apparatus, SIC 3841
The company develops, manufactures, and sells image-guided surgical robotic systems for minimally invasive urology, focusing on treating benign prostatic hyperplasia. Its primary products are the AquaBeam Robotic System and the HYDROS Robotic System. Each system utilizes single-use disposable handpieces to deliver Aquablation therapy, combining ultrasound imaging, robotic automation, and heat-free waterjet ablation to remove prostate tissue. The company primarily sells its products to hospitals, as well as to ambulatory surgery centers, distribution partners, and leasing companies.
The company maintains an installed base of 912 robotic systems globally, including 718 units in the United States and the remainder internationally. It sells through a direct sales organization in the United States targeting urologists across approximately 2,700 hospitals. Internationally, sales occur through direct personnel and third-party distribution partners. The provided text does not mention the company's headquarters location.
Summary of the business section of PROCEPT BioRobotics's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PROCEPT BioRobotics Corp
- Headquarters
- San Jose, CA
- Address
- 150 Baytech Drive 95134
- Phone
- (650) 232-9832
- Website
- procept-biorobotics.com
- Employees
- 888, Dec 31, 2025
- Industry
- Surgical & Medical Instruments & Apparatus
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, San Jose, California
Stock & identifiers
- Ticker
- PRCT
- Exchange
- Nasdaq
- IPO date
- Sep 16, 2021
- Shares outstanding
- 57M, Jul 31, 2026
- Public float
- $3.20B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1588978
- CUSIP
- 74276L105
- ISIN
- US74276L1052
- FIGI
- BBG009KD84H4
- Share class FIGI
- BBG009KD84J2
- EIN
- 26-0199180
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Larry L. Wood | President, CEO, Director | 338,103 |
| Reza Zadno | President, CEO, Director | 186,829 |
| Pooja Sharma | Chief Strat/Marketing Officer | 106,471 |
| Alaleh Nouri | EVP, CLO, CORP. SEC. | 127,737 |
| Barry L. Templin | EVP, Chief Technology Officer | 151,283 |
| Kevin Waters | EVP, CFO | 180,355 |
| Hisham Shiblaq | EVP, Chief Comm. Officer | 83,133 |
| Michael Mack | Director | 7,727 |
| Mary Garrett | Director | 17,700 |
| Elisabeth Sandoval Little | Director | 15,876 |
| Antal Rohit Desai | Director | 477,792 |
| Frederic H. Moll | Director | 866,474 |
| Thomas M. Prescott | Director | 7,211 |
| Amy M. Dodrill | Director | 10,941 |
| Dan Puckett | Director | 8,791 |
| Taylor C. Harris | Director | 137,565 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Larry L.Wood | $16.78M | $13.07M | $2.33M | $75 | $105 |
| FY2025 Reza Zadno Ph.D | $6.77M | -$7.59M | $2.33M | $75 | $105 |
| FY2024 Larry L.Wood | $0 | $0 | $2.81M | $192 | $97 |
| FY2024 Reza Zadno Ph.D | $6.52M | $17.83M | $2.81M | $192 | $97 |
| FY2023 Larry L.Wood | $0 | $0 | $2.49M | $100 | $87 |
| FY2023 Reza Zadno Ph.D | $6.09M | $2.29M | $2.49M | $100 | $87 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Option awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|---|
| Larry L. Wood President & Chief Executive Officer | $304.83K | $1.70M | $7.22M | $7.23M | $243.86K | $91.31K | $16.78M | – |
| Reza Zadno Former President & Chief Executive Officer | $471.31K | – | $3.79M | $1.29M | $472.00K | $743.25K | $6.77M | +4% |
| Kevin Waters EVP, Chief Financial Officer | $502.25K | – | $1.48M | $503.59K | $256.15K | $7.50K | $2.75M | +26% |
| Hisham Shiblaq Former EVP, Chief Commercial Officer | $335.96K | – | $1.01M | $343.37K | – | $275.81K | $1.96M | -45% |
| Alaleh Nouri EVP, Chief Legal Officer & Corporate Secretary | $471.50K | – | $1.18M | $400.59K | $220.43K | $7.50K | $2.28M | -14% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Sep 16, 2021
- Offer price
- $25.00
- Securities offered
- 6,556,000
- Gross proceeds
- $163.90M
- Exchange
- Nasdaq
- First trading day
- Sep 15, 2021
- First-day close
- $41.94+67.8%
- Lock-up ends (est.)
- Mar 14, 2022
“Per Share Total Initial public offering price $25.00 $163,900,000 Underwriting discounts and commissions (1) $1.75 $11,473,000 Proceeds, before expenses, to us $23.25 $152,427,000 __________ (1) See the section titled “Underwriting” for additional information regarding compensation payable to the underwriters.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 888 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 16, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Sep 10, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
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