MBOTMicrobot Medical Inc.

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IntactLast material event Sep 15, 2026 · Updated Oct 25, 2026

Microbot's LIBERTY robot more than doubled revenue in Q2 after its full U.S. launch; CE Mark is expected by year-end

Microbot Medical is a commercial-stage medical device company selling LIBERTY, a single-use robotic system for peripheral endovascular procedures cleared by FDA in 2025.

Microbot's case rests on LIBERTY, a single-use robotic system for peripheral endovascular procedures, which began its full U.S. market release in April 2026 after FDA 510(k) clearance. In Q2 2026 revenue more than doubled from Q1 on repeat orders and new health systems, and Microbot expects CE Mark in Europe by the end of 2026. Microbot says its cash of about $67.4 million lasts more than twelve months from June 30.

Thesis checklist

0 risks need attention

Select a row for evidence
LIBERTY sales keep growing after launchSupportedNext: Q3 revenue and customer counts.

Why it is in this state

The evidence, what would weaken it and the source filing

LIBERTY gains CE MarkAwaiting evidenceNext: CE Mark decision (year-end 2026).

Why it is in this state

The evidence, what would weaken it and the source filing

Cash funds the launchAwaiting evidenceNext: Q3 cash balance.

Why it is in this state

The evidence, what would weaken it and the source filing

Next decision point

Q3 commercial update

Tests: LIBERTY sales keep growing after launch

Q3 2026 results

Does LIBERTY keep growing in revenue and accounts after the launch quarter?

Strong, inconclusive and weak outcomes

What to look for in the result and how each would move the checklist

Questions to investigate

History

Price and material events

Select an event marker to read the update below. Marker colors show Thesis status.

IntactCurrentCommercial
-0.7%Sep 15, 2026

Microbot's LIBERTY robot more than doubled revenue in Q2 after its full U.S. launch; CE Mark is expected by year-end

IntactCommercial
-13.4%Aug 11, 2026

FDA-cleared robotic endovascular system posting triple-digit revenue growth — the bet is whether adoption scales before cash position forces a dilutive raise

IntactCommercial
-1.6%Jul 7, 2026

LIBERTY cleared and commercially launched; whether rapid account growth translates to durable, scalable revenue before cash runs out is the question

IntactRegulatory
+5.8%May 26, 2026

LIBERTY's post-clearance commercial ramp tests whether robotic endovascular adoption can scale fast enough to sustain a small-cap medtech

About this history: every entry shows when the Thesis moved and what it said. The reasoning behind each move (the evidence, the analysis and the source filing) and the earnings write-ups are part of a subscription.

Pipeline

Peripheral endovascular procedures
LIBERTY · 2 upcoming · 2 completed
International commercialization infrastructure build-out in H2 2026
H2 2026
Regulatory DecisionEU
Year-end 2026
Endovascular intervention
LIBERTY · 1 completed
Regulatory Decision
Reported Sep 8, 2025

Dates, trials and completed outcomes are open to everyone. What each upcoming milestone hinges on is part of a subscription.

Quick answers

Is the Microbot Medical (MBOT) investment thesis intact?
Yes. Readouts currently rates the Microbot Medical Thesis Intact. Microbot's LIBERTY robot more than doubled revenue in Q2 after its full U.S. launch; CE Mark is expected by year-end.
What is the next catalyst for Microbot Medical (MBOT)?
The next dated event is EU regulatory decision for LIBERTY, expected year-end 2026, as stated by the company.
How long will Microbot Medical's cash last?
Microbot Medical has said its cash will fund operations beyond Jun 2027 (guidance as of August 11, 2026). It reported $78.6 million in cash as of December 31, 2025.

Competitive landscape

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Financial snapshot

Dates and calculation details

Cash: Market-data provider estimate; measurement period unavailable.

Debt: Market-data provider estimate; a complete comparable filing balance is unavailable.

Quarterly burn: Estimated from trailing free cash flow; measurement period unavailable.

Net cash and estimated runway require verified matching measurement periods. Missing debt components are not assumed to be zero.

Runway: No underlying guidance available.