TREACE MEDICAL CONCEPTS, INC. PP&E Disclosure
The Company's property and equipment, net consisted of the following (in thousands):
|
|
December 31, |
|
|
December 31, |
|
||
|
|
2025 |
|
|
2024 |
|
||
Furniture and fixtures |
|
$ |
2,569 |
|
|
$ |
2,565 |
|
Construction in progress |
|
|
1,069 |
|
|
|
612 |
|
Machinery and equipment |
|
|
3,663 |
|
|
|
3,081 |
|
Capitalized surgical equipment1 |
|
|
33,147 |
|
|
|
22,669 |
|
Computer equipment |
|
|
1,225 |
|
|
|
1,160 |
|
Leasehold improvements |
|
|
10,591 |
|
|
|
10,244 |
|
Software and website development |
|
|
1,357 |
|
|
|
927 |
|
Total property and equipment |
|
|
53,621 |
|
|
|
41,258 |
|
Less: accumulated depreciation and amortization |
|
|
(23,869 |
) |
|
|
(15,305 |
) |
Property and equipment, net |
|
$ |
29,752 |
|
|
$ |
25,953 |
|
1Capitalized surgical equipment includes $28.0 million and $18.3 million that is ready for its intended use and has started depreciating and $5.1 million and $4.4 million that is not ready for its intended use and has not started depreciating as of December 31, 2025 and 2024, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Mar 8, 2023 | |
| 2021 | Mar 4, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.