Nevro Corp
NYSE:NVRO
Income Statement
Earnings Waterfall
Nevro Corp
Income Statement
Nevro Corp
| Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
1
|
1
|
2
|
3
|
3
|
3
|
5
|
6
|
8
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
11
|
11
|
11
|
11
|
11
|
14
|
18
|
22
|
26
|
25
|
22
|
20
|
15
|
11
|
9
|
6
|
6
|
6
|
6
|
8
|
13
|
18
|
23
|
27
|
|
| Revenue |
33
N/A
|
36
+9%
|
40
+11%
|
46
+17%
|
70
+51%
|
102
+46%
|
146
+43%
|
191
+31%
|
229
+20%
|
255
+12%
|
278
+9%
|
299
+8%
|
327
+9%
|
346
+6%
|
364
+5%
|
377
+4%
|
387
+3%
|
382
-1%
|
379
-1%
|
384
+1%
|
390
+2%
|
396
+1%
|
359
-9%
|
367
+2%
|
362
-1%
|
363
+0%
|
409
+13%
|
394
-4%
|
387
-2%
|
386
0%
|
388
+0%
|
395
+2%
|
406
+3%
|
415
+2%
|
419
+1%
|
423
+1%
|
425
+1%
|
431
+1%
|
426
-1%
|
419
-2%
|
409
-3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(11)
|
(12)
|
(15)
|
(18)
|
(28)
|
(40)
|
(53)
|
(67)
|
(75)
|
(82)
|
(87)
|
(92)
|
(99)
|
(103)
|
(107)
|
(111)
|
(114)
|
(117)
|
(119)
|
(121)
|
(122)
|
(120)
|
(110)
|
(112)
|
(112)
|
(110)
|
(123)
|
(119)
|
(121)
|
(123)
|
(123)
|
(125)
|
(130)
|
(133)
|
(136)
|
(139)
|
(135)
|
(134)
|
(136)
|
(134)
|
(137)
|
|
| Gross Profit |
21
N/A
|
23
+10%
|
24
+4%
|
28
+14%
|
42
+49%
|
62
+49%
|
92
+50%
|
125
+35%
|
153
+23%
|
174
+13%
|
191
+10%
|
207
+8%
|
228
+10%
|
243
+7%
|
257
+6%
|
267
+4%
|
273
+3%
|
265
-3%
|
261
-2%
|
263
+1%
|
268
+2%
|
276
+3%
|
249
-10%
|
255
+2%
|
250
-2%
|
253
+1%
|
286
+13%
|
275
-4%
|
266
-3%
|
263
-1%
|
266
+1%
|
270
+2%
|
276
+2%
|
282
+2%
|
284
+1%
|
284
+0%
|
290
+2%
|
297
+2%
|
290
-2%
|
285
-2%
|
271
-5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(50)
|
(57)
|
(70)
|
(84)
|
(104)
|
(121)
|
(138)
|
(155)
|
(176)
|
(202)
|
(222)
|
(241)
|
(257)
|
(276)
|
(288)
|
(302)
|
(315)
|
(333)
|
(347)
|
(357)
|
(365)
|
(353)
|
(333)
|
(329)
|
(313)
|
(316)
|
(329)
|
(341)
|
(357)
|
(384)
|
(395)
|
(376)
|
(375)
|
(279)
|
(283)
|
(391)
|
(389)
|
(392)
|
(384)
|
(368)
|
(348)
|
|
| Selling, General & Administrative |
(30)
|
(37)
|
(49)
|
(64)
|
(83)
|
(98)
|
(112)
|
(126)
|
(142)
|
(164)
|
(184)
|
(202)
|
(220)
|
(236)
|
(246)
|
(257)
|
(267)
|
(281)
|
(292)
|
(301)
|
(306)
|
(296)
|
(281)
|
(276)
|
(267)
|
(269)
|
(283)
|
(294)
|
(309)
|
(315)
|
(325)
|
(324)
|
(322)
|
(329)
|
(332)
|
(335)
|
(335)
|
(337)
|
(327)
|
(314)
|
(303)
|
|
| Research & Development |
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(23)
|
(26)
|
(28)
|
(34)
|
(36)
|
(37)
|
(39)
|
(38)
|
(40)
|
(42)
|
(45)
|
(49)
|
(52)
|
(55)
|
(56)
|
(59)
|
(57)
|
(53)
|
(51)
|
(46)
|
(45)
|
(46)
|
(47)
|
(48)
|
(49)
|
(49)
|
(52)
|
(53)
|
(55)
|
(56)
|
(56)
|
(54)
|
(54)
|
(55)
|
(52)
|
(48)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(20)
|
0
|
0
|
105
|
105
|
0
|
0
|
1
|
(0)
|
1
|
7
|
|
| Operating Income |
(28)
N/A
|
(33)
-18%
|
(45)
-35%
|
(56)
-25%
|
(62)
-11%
|
(59)
+5%
|
(46)
+23%
|
(30)
+35%
|
(23)
+23%
|
(29)
-24%
|
(31)
-9%
|
(34)
-8%
|
(30)
+12%
|
(32)
-9%
|
(31)
+5%
|
(35)
-16%
|
(42)
-18%
|
(68)
-64%
|
(87)
-27%
|
(94)
-8%
|
(97)
-3%
|
(77)
+20%
|
(85)
-9%
|
(74)
+13%
|
(63)
+15%
|
(62)
+1%
|
(43)
+31%
|
(66)
-54%
|
(91)
-39%
|
(121)
-33%
|
(129)
-7%
|
(106)
+18%
|
(99)
+7%
|
3
N/A
|
1
-69%
|
(107)
N/A
|
(99)
+7%
|
(95)
+4%
|
(94)
+1%
|
(83)
+12%
|
(77)
+7%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(9)
|
(14)
|
(19)
|
(23)
|
(23)
|
(21)
|
(20)
|
(16)
|
(11)
|
(8)
|
(2)
|
1
|
4
|
6
|
6
|
2
|
(3)
|
(9)
|
(14)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(0)
|
0
|
0
|
(20)
|
(20)
|
0
|
0
|
105
|
105
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(50)
|
|
| Total Other Income |
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(0)
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(2)
|
(1)
|
(1)
|
(0)
|
1
|
1
|
2
|
1
|
1
|
(0)
|
(0)
|
(9)
|
5
|
14
|
17
|
27
|
|
| Pre-Tax Income |
(30)
N/A
|
(37)
-23%
|
(49)
-33%
|
(61)
-23%
|
(66)
-9%
|
(61)
+7%
|
(50)
+18%
|
(35)
+31%
|
(30)
+12%
|
(35)
-17%
|
(38)
-8%
|
(41)
-7%
|
(35)
+13%
|
(38)
-9%
|
(37)
+3%
|
(42)
-13%
|
(48)
-15%
|
(75)
-54%
|
(92)
-23%
|
(99)
-7%
|
(102)
-3%
|
(83)
+19%
|
(96)
-16%
|
(89)
+8%
|
(82)
+7%
|
(87)
-6%
|
(67)
+23%
|
(107)
-60%
|
(131)
-22%
|
(136)
-4%
|
(139)
-2%
|
(7)
+95%
|
4
N/A
|
4
-12%
|
4
+13%
|
(101)
N/A
|
(98)
+3%
|
(88)
+10%
|
(83)
+6%
|
(75)
+10%
|
(112)
-50%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
6
|
6
|
6
|
6
|
(1)
|
|
| Income from Continuing Operations |
(31)
|
(38)
|
(50)
|
(62)
|
(67)
|
(63)
|
(52)
|
(36)
|
(32)
|
(37)
|
(40)
|
(42)
|
(37)
|
(40)
|
(39)
|
(44)
|
(49)
|
(76)
|
(93)
|
(100)
|
(104)
|
(84)
|
(98)
|
(90)
|
(83)
|
(88)
|
(68)
|
(108)
|
(131)
|
(136)
|
(140)
|
(8)
|
3
|
2
|
3
|
(102)
|
(92)
|
(83)
|
(77)
|
(69)
|
(113)
|
|
| Net Income (Common) |
(31)
N/A
|
(38)
-23%
|
(50)
-32%
|
(62)
-23%
|
(67)
-9%
|
(63)
+7%
|
(52)
+17%
|
(36)
+30%
|
(32)
+12%
|
(37)
-16%
|
(40)
-8%
|
(42)
-6%
|
(37)
+13%
|
(40)
-8%
|
(39)
+3%
|
(44)
-13%
|
(49)
-12%
|
(76)
-54%
|
(93)
-23%
|
(100)
-7%
|
(104)
-4%
|
(84)
+19%
|
(98)
-16%
|
(90)
+8%
|
(83)
+7%
|
(88)
-6%
|
(68)
+22%
|
(108)
-59%
|
(131)
-21%
|
(136)
-4%
|
(140)
-2%
|
(8)
+94%
|
3
N/A
|
2
-23%
|
3
+13%
|
(102)
N/A
|
(92)
+10%
|
(83)
+10%
|
(77)
+6%
|
(69)
+11%
|
(113)
-64%
|
|
| EPS (Diluted) |
-1.23
N/A
|
-1.52
-24%
|
-1.95
-28%
|
-2.2
-13%
|
-2.54
-15%
|
-2.22
+13%
|
-1.82
+18%
|
-1.29
+29%
|
-1.12
+13%
|
-1.26
-12%
|
-1.35
-7%
|
-1.42
-5%
|
-1.25
+12%
|
-1.35
-8%
|
-1.3
+4%
|
-1.46
-12%
|
-1.64
-12%
|
-2.49
-52%
|
-3.02
-21%
|
-3.22
-7%
|
-3.37
-5%
|
-2.65
+21%
|
-2.86
-8%
|
-2.6
+9%
|
-2.47
+5%
|
-2.53
-2%
|
-1.97
+22%
|
-3.12
-58%
|
-3.77
-21%
|
-3.87
-3%
|
-3.95
-2%
|
-0.21
+95%
|
0.08
N/A
|
0.06
-25%
|
0.07
+17%
|
-2.83
N/A
|
-2.56
+10%
|
-2.28
+11%
|
-2.09
+8%
|
-1.85
+11%
|
-3.06
-65%
|
|