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NASDAQ · Medical Devices · USD

Tenon Medical, Inc. (TNON) Stock Analysis

Tenon Medical, Inc. (TNON) is a Medical Devices stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

TNON

$2.51

$0.00 (0.00%)

Oct 21, 2026 · Market close

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Price History

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TNON Key Statistics

As of Oct 21, 2026
Trading
Open
$2.47
Previous Close
$2.51
Day's Range
2.42–2.59
52-Week Range
2.40–45.50
Volume
85.94K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.36
Valuation
Market Cap
$6.75M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.27
EPS (ttm)Profit attributable to each share over the last twelve months.
−44.86
Financials (FY)
Revenue (FY)
$3.94M+20.35%
Net Income (FY)
−$12.56M
Profit marginThe share of revenue left as profit after all costs and taxes.
−257.85%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
2.69M
1-Year Return
−93.97%
Dividend and dates
Earnings Date
November 12, 2026
Avg Volume
6.42M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TNON closed at $2.51, −93.97% over 1 year.

Tenon Medical, Inc. (TNON) has a market capitalization of $6.75M.

In fiscal 2025, TNON reported revenue of $3.94M.

TNON Stock Return by Calendar Year

Tenon Medical, Inc. (TNON) return since Apr 2022: what $10,000 became

1 year
$10,000 $603
−93.97%
3 years
$10,000 $61
−99.39%
Since Apr 2022
$10,000 $0.40
−99.996%

If you had invested $10,000 in Tenon Medical, Inc. (TNON) at the close on April 27, 2022, the earliest close on record here, it would have been worth $0.40 at the close on October 21, 2026: −99.996% in total, −89.55% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−92.47%
2025−49.36%
2024−85.13%
2023−90.00%
2022 (partial year)−92.98%

As of October 21, 2026.

TNON Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$3.94M−$12.56M−318.4%
2024$3.28M−$13.67M−417.2%
2023$2.93M−$15.58M−532.1%
2022$691.00K−$18.92M−2,737.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$3.94M$2.36M−$12.79M−$12.56M−318.4%
2024$3.28M$1.71M−$13.77M−$13.67M−417.2%
2023$2.93M$1.24M−$15.73M−$15.58M−532.1%
2022$691.00K−$641.00K−$18.73M−$18.92M−2,737.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TNON Valuation vs Medical Devices Median

Median of 145 stocks
MetricTNONMedical Devices medianvs median
P/S ratio1.272.5350% below
Profit margin−257.85%−14.78%243.1 pts below

Medians across 145 Medical Devices stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Tenon Medical, Inc. (TNON) at $6.75M. It is classified in the Medical Devices industry, within the Healthcare sector. The company reports 26 employees.

The 52-week range on file runs from $2.40 to $45.50. The most recent close on file for TNON is $2.51, dated October 21, 2026. The close was unchanged from the previous session. The latest close sits 4.58% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $3.94M. Against the prior fiscal year total of $3.28M, that is a change of +20.35%. The same year closed with a net loss of $12.56M. Profit margin runs at −257.85%. That is 243.1 percentage points below the Medical Devices median of −14.78%. Earnings per share on a trailing basis come to −44.86.

Across the 4 fiscal years on file, revenue moves from $691.00K in 2022 to $3.94M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. Measured against sales, the shares trade at 1.27 times revenue. On price-to-sales that is 49.78% below the Medical Devices median of 2.53. 145 Medical Devices companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 1.36. Daily returns over the trailing 4 years annualize to a volatility of 225.79%. The trailing one-year total return is −93.97%. Measured over 3 years, that is −81.73% a year compounded.

Growth & Income

The record shows no dividend for TNON.

The strongest complete calendar year on file is 2025 at −49.36%; the weakest is 2023 at −90.00%. Of the 3 complete calendar years on file, 0 finished higher. So far in 2026 the total return is −92.47%.

Peer Comparison

Tenon Medical, Inc. (TNON) operates in the Medical Devices industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Tenon Medical, Inc. TNON $6.75M —
Abbott Laboratories ABT $173.92B 32.4
Medtronic plc. MDT $119.00B 22.9
Stryker Corporation SYK $114.15B 30.8

The Medical Devices industry average P/E ratio is 27.1x. Tenon Medical, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Tenon Medical, Inc.

Tenon Medical, Inc., a medical device company, engages in the development of implant for the treatment of severe lower back pain in the United States. The company offers Catamaran SI-Joint Fusion System, an invasive inferior-posterior approach to the sacroiliac joint (SI Joint) using a titanium implant for treatment of the most common types of SI Joint disorders that cause lower back pain. It also provides Catamaran Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, transfixing the SI Joint along its longitudinal axis. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.

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