TDOC
$6.21+8.38%
Teladoc Health Inc.Stock · HealthcareRussell 2000 · 0.05% of IWMUS Stock Market · 0.002% of VTIRussell 3000 · 0.002% of IWV
TDOC financial statements
The full income statement, balance sheet, and cash-flow statement for Teladoc Health Inc. (TDOC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 171.2M2024-09 172.2M2024-12 173.7M2025-03 175.4M2025-06 176.7M2025-09 177.5M2025-12 178.4M2026-03 180.5M2026-06 181.7M+6.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.53B-1.5% | 2.57B-1.3% | 2.60B+8.1% | 2.41B+18.4% | 2.03B+85.8% | |
| Cost of revenue | — | — | — | 744M+14.4% | 650M+66.4% | |
| Research & development | 278M-9.6% | 307M-11.8% | 349M+4.5% | 334M+7.0% | 312M+89.1% | |
| Selling, general & administrative | 432M-0.8% | 435M-6.3% | 465M+3.3% | 450M+2.7% | 438M-13.6% | |
| General & administrative | 432M-0.8% | 435M-6.3% | 465M+3.3% | 450M+2.7% | 438M-13.6% | |
| Restructuring | 18.8M-7.7% | 20.4M+20.1% | 16.9M+128.5% | 7.42M | — | |
| Amortization of intangibles | 351M-3.5% | 363M+11.5% | 326M+33.2% | 245M+25.3% | 195M+201.9% | |
| Provision for credit losses | 1.00K-100.0% | 3.79M-19.0% | 4.69M+66.5% | 2.81M-73.5% | 10.6M+100.7% | |
| Operating income | -263M+74.2% | -1.02B-310.7% | -249M+98.2% | -13.7B-5039.9% | -266M+47.5% | |
| Interest expense | 19.7M-17.2% | 23.8M+6.8% | 22.3M+1.5% | 21.9M-73.0% | 81.1M | |
| Interest & investment income | 36.8M-35.6% | 57.1M+22.0% | 46.8M+269.1% | 12.7M+1533.2% | 776K | |
| Net interest income | — | — | — | -9.27M+88.5% | -80.4M-34.1% | |
| Other non-operating income | 10.4M+271.8% | -6.04M-235.8% | 4.45M+617.5% | -859K-116.9% | 5.09M+1033.6% | |
| Pre-tax income | -236M+76.3% | -994M-352.5% | -220M+98.4% | -13.7B-3452.1% | -385M+33.2% | |
| Income tax | -35.2M-563.8% | 7.59M+898.9% | 760K+119.9% | -3.81M-108.6% | 44.1M+148.6% | |
| Net income | -200M+80.0% | -1.00B-354.4% | -220M+98.4% | -13.7B-3085.6% | -429M+11.6% | |
| -$1.14+80.6% | -$5.87-338.1% | -$1.34+98.4% | -$84.60-2998.9% | -$2.73+49.1% | ||
| EPS (basic) | -$1.14+80.6% | -$5.87-338.1% | -$1.34+98.4% | -$84.60-2998.9% | -$2.73+49.1% | |
| Weighted-avg shares (basic) | 176M+3.3% | 171M+3.6% | 165M+1.9% | 161M+2.9% | 157M+73.4% | |
| Weighted-avg shares (diluted) | 176M+3.3% | 171M+3.6% | 165M+1.9% | 161M+2.9% | 157M+73.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.12B-32.7% | 1.66B+11.7% | 1.49B+13.2% | 1.32B+7.3% | 1.23B+15.7% | ||
| Cash & equivalents | 781M-39.8% | 1.30B+15.5% | 1.12B+22.4% | 918M+2.8% | 893M+21.8% | |
| Accounts receivable | 193M-10.0% | 214M-1.5% | 217M+3.3% | 211M+24.6% | 169M-0.2% | |
| Inventory | 38.2M+0.2% | 38.1M+29.2% | 29.5M-47.6% | 56.3M-22.9% | 73.1M+29.3% | |
| Prepaid expenses | 107M-5.5% | 113M-4.3% | 118M-9.1% | 130M+49.1% | 87.4M+84.9% | |
| Other current assets | 2.07M-26.8% | 2.83M-62.0% | 7.44M-38.5% | 12.1M+113.9% | 5.66M | |
| 2.86B-18.7% | 3.52B-19.9% | 4.39B+1.1% | 4.35B-75.5% | 17.7B-0.1% | ||
| Property, plant & equipment | 27.0M-8.5% | 29.5M-7.9% | 32.0M+8.1% | 29.6M+8.8% | 27.2M-4.6% | |
| Operating lease right-of-use | 26.1M-3.6% | 27.1M-32.4% | 40.1M-4.2% | 41.8M-10.6% | 46.8M+0.3% | |
| Goodwill | 283M+0.0% | 283M-73.6% | 1.07B+0.0% | 1.07B-92.6% | 14.5B-0.5% | |
| Intangible assets | 1.30B-9.4% | 1.43B-14.7% | 1.68B-8.7% | 1.84B-3.8% | 1.91B-5.5% | |
| Other non-current assets | 106M+29.8% | 81.5M+1.5% | 80.3M+65.3% | 48.5M+134.5% | 20.7M+12.8% | |
| 405M-57.0% | 942M+123.8% | 421M+5.2% | 400M+20.8% | 331M-0.5% | ||
| Accounts payable | 48.0M+44.8% | 33.1M-24.1% | 43.6M-8.5% | 47.7M+0.9% | 47.3M+2.7% | |
| Deferred revenue | 62.3M-21.4% | 79.3M-17.1% | 95.7M-6.1% | 102M+34.8% | 75.6M+44.3% | |
| Short-term & current debt | — | — | — | — | 0.00-100.0% | |
| Current lease liability | 11.0M+6.8% | 10.3M-3.9% | 10.8M-20.9% | 13.6M+7.1% | 12.7M+10.9% | |
| Other current liabilities | 20.4M-25.5% | 27.4M-20.1% | 34.3M-17.5% | 41.6M+54.4% | 27.0M+29.1% | |
| 1.47B-27.3% | 2.03B-2.0% | 2.07B | — | — | ||
| Deferred revenue (non-current) | 9.14M-6.6% | 9.79M-28.2% | 13.6M+14.0% | 12.0M+211.8% | 3.83M+56.6% | |
| Non-current lease liability | 34.2M+6.4% | 32.1M-25.0% | 42.8M+12.6% | 38.0M-8.9% | 41.8M-3.2% | |
| Operating lease liability (total) | 45.2M+6.5% | 42.5M-20.7% | 53.6M+3.8% | 51.6M-5.2% | 54.5M-0.2% | |
| Deferred tax liabilities | 28.9M-41.9% | 49.9M+0.8% | 49.5M-2.9% | 50.9M-32.8% | 75.8M-25.8% | |
| Other non-current liabilities | 643K-10.7% | 720K-33.3% | 1.08M-33.3% | 1.62M+8.4% | 1.49M-7.7% | |
| 1.39B-7.1% | 1.49B-35.9% | 2.33B+0.8% | 2.31B-85.6% | 16.0B+1.0% | ||
| Common stock | 178K+2.9% | 173K+3.6% | 167K+2.5% | 163K+1.9% | 160K+6.7% | |
| Additional paid-in capital | 17.9B+0.5% | 17.8B+1.0% | 17.6B+1.3% | 17.4B-0.7% | 17.5B+3.7% | |
| Retained earnings | -16.4B-1.2% | -16.2B-6.6% | -15.2B-1.5% | -15.0B-955.8% | -1.42B-43.2% | |
| Accumulated other comprehensive income | -34.7M+9.5% | -38.4M-3.8% | -37.0M+13.5% | -42.8M-580.6% | -6.29M-133.9% | |
| Total liabilities & equity | 2.86B-18.7% | 3.52B-19.9% | 4.39B+1.1% | 4.35B-75.5% | 17.7B-0.1% | |
| Common shares issued | 178M+2.8% | 173M+4.0% | 167M+2.3% | 163M+1.5% | 160M+6.8% | |
| Common shares outstanding | 178M+2.8% | 173M+4.0% | 167M+2.3% | 163M+1.5% | 160M+6.8% | |
| Shares outstanding (cover) | 178M+2.7% | 174M+4.0% | 167M+2.7% | 163M+1.4% | 160M+5.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 294M+0.2% | 294M-16.1% | 350M+84.9% | 189M-2.4% | 194M+462.5% | ||
| Depreciation & amortization | — | — | — | 256M+25.4% | 204M+193.9% | |
| Intangible amortization | 351M-3.5% | 363M+11.5% | 326M+33.2% | 245M+25.3% | 195M+201.9% | |
| Share-based compensation | 80.4M-44.9% | 146M-27.6% | 202M-7.5% | 218M-28.0% | 303M-36.4% | |
| Deferred income taxes | -41.4M-3516.3% | -1.15M+39.9% | -1.90M+75.7% | -7.84M-119.1% | 41.0M+145.3% | |
| Change in receivables | -25.1M-6800.3% | 375K-96.3% | 10.3M-79.1% | 49.1M+339.1% | 11.2M-47.0% | |
| Change in inventory | -399K-104.1% | 9.75M+140.5% | -24.1M-62.8% | -14.8M-175.9% | 19.5M-21.2% | |
| Change in payables | 11.5M+210.5% | -10.4M-147.7% | -4.18M-323.1% | 1.88M+57.9% | 1.19M+101.4% | |
| -266M-114.4% | -124M+20.7% | -156M+6.8% | -168M-129.8% | -73.0M+87.7% | ||
| Capital expenditure | 8.89M-17.6% | 10.8M-5.9% | 11.5M-30.4% | 16.5M+93.1% | 8.53M+112.1% | |
| Free cash flow | 285M+0.9% | 283M-16.4% | 339M+95.9% | 173M-6.8% | 185M+422.3% | |
| Acquisitions | 81.9M | 0.00 | 0.00 | 0.00-100.0% | 78.7M-86.1% | |
| Purchases of investments | 27.9M | 0.00 | 0.00 | — | — | |
| Other investing activities | -60.0K | 0.00+100.0% | -1.00K+100.0% | -2.51M+71.2% | -8.71M | |
| -552M-6736.8% | 8.31M-23.4% | 10.9M+67.1% | 6.50M-84.1% | 40.9M-95.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 0.00+100.0% | -2.00K+99.3% | -278K+95.3% | -5.89M-16.2% | -5.07M | |
| FX effect on cash | 6.05M+284.2% | -3.29M-440.7% | 965K+128.9% | -3.34M-85.8% | -1.80M-141.7% | |
| Interest paid | 15.0M-13.4% | 17.3M-0.6% | 17.4M+0.4% | 17.4M-7.8% | 18.8M+26.5% | |
| Income taxes paid | 8.74M-2.2% | 8.95M+23.6% | 7.24M+188.1% | 2.51M-36.8% | 3.97M+200.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.25B-20.9% | 1.58B-55.8% | 3.57B-6.8% | 3.83B-74.0% | 14.7B-51.8% | |
| P/S | 0.5×-19.7% | 0.6×-55.6% | 1.4×-16.1% | 1.6×-77.2% | 7.2×-74.1% | |
| P/B | 0.9×-14.9% | 1.1×-31.9% | 1.6×+145.8% | 0.6×-31.0% | 0.9×-52.3% | |
| P/FCF | 4.4×-21.6% | 5.6×-57.9% | 13.3×-33.0% | 19.8×-75.1% | 79.4× | |
| FCF yield | 22.9%+27.6% | 17.9%+137.5% | 7.5%+49.2% | 5.1%+301.6% | 1.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TDOC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TDOC filings on SEC EDGAR → Not investment advice.