We extend Geisser and Hesselholt's result on "bi-relative Ktheory" from discrete rings to connective ring spectra. That is, if A is a homotopy cartesian n-cube of ring spectra (satisfying connectivity hypotheses), then the (n + 1)-cube induced by the cyclotomic traceis homotopy cartesian after profinite completion. In other words, the fiber of the profinitely completed cyclotomic trace satisfies excision.