TMDX
$74.75+4.40%
TransMedics Group Inc.Stock · HealthcareRussell 2000 · 0.07% of IWMNasdaq Composite · 0.005% of ONEQUS Stock Market · 0.003% of VTIRussell 3000 · 0.003% of IWV
TMDX financial statements
The full income statement, balance sheet, and cash-flow statement for TransMedics Group Inc. (TMDX), 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 33.4M2024-09 33.6M2024-12 33.7M2025-03 33.8M2025-06 34.1M2025-09 34.2M2025-12 34.3M2026-03 34.6M2026-06 34.7M+3.9% 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 | 605M+37.1% | 442M+82.7% | 242M+158.5% | 93.5M+197.8% | 31.4M+10.7% | |
| 363M+38.4% | 262M+70.1% | 154M+136.1% | 65.3M+208.5% | 21.2M+27.2% | ||
| Cost of revenue | 243M+35.2% | 179M+105.0% | 87.5M+210.5% | 28.2M+209.6% | 9.10M+1.1% | |
| 254M+13.2% | 225M+22.8% | 183M+89.0% | 96.7M+59.6% | 60.6M+40.8% | ||
| Research & development | 69.1M+23.4% | 56.0M+55.2% | 36.1M+34.5% | 26.8M+20.2% | 22.3M+18.4% | |
| Selling, general & administrative | 185M+9.8% | 169M+41.0% | 120M+71.0% | 69.9M+82.6% | 38.3M+58.3% | |
| Amortization of intangibles | 200K+0.0% | 200K+100.0% | 100K | — | — | |
| Provision for credit losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating income | 109M+189.6% | 37.5M+230.5% | -28.7M+8.6% | -31.4M+20.3% | -39.4M-49.4% | |
| Interest expense | 13.8M-4.4% | 14.4M+33.5% | 10.8M+189.6% | 3.73M-3.8% | 3.87M-2.8% | |
| Other non-operating income | -1.06M+38.2% | -1.72M-113.4% | 12.8M+1382.1% | -1.00M-14.3% | -877K-153.1% | |
| Pre-tax income | 108M+200.5% | 35.8M+234.2% | -26.7M+26.3% | -36.2M+18.1% | -44.2M-53.8% | |
| Income tax | -82.8M-26292.7% | 316K+119.2% | -1.64M-2589.4% | 66.0K | — | |
| Net income | 190M+436.6% | 35.5M+241.7% | -25.0M+30.9% | -36.2M+18.1% | -44.2M-53.8% | |
| $4.87+382.2% | $1.01+231.2% | -$0.77+37.4% | -$1.23+23.1% | -$1.60-37.9% | ||
| EPS (basic) | $5.60+423.4% | $1.07+239.0% | -$0.77+37.4% | -$1.23+23.1% | -$1.60-37.9% | |
| Weighted-avg shares (basic) | 34.0M+2.3% | 33.2M+2.2% | 32.5M+10.0% | 29.6M+7.0% | 27.6M+11.8% | |
| Weighted-avg shares (diluted) | 40.5M+15.1% | 35.2M+8.3% | 32.5M+10.0% | 29.6M+7.0% | 27.6M+11.8% | |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 638M+28.3% | 497M-2.6% | 511M+102.4% | 252M+112.5% | 119M-19.1% | ||
| Cash & equivalents | 489M+45.0% | 337M-14.6% | 395M+96.2% | 201M+686.5% | 25.6M+4.1% | |
| Short-term investments | — | — | — | — | 66.9M-33.8% | |
| Cash & short-term investments | — | — | — | — | 92.5M-26.4% | |
| Accounts receivable | 84.3M-13.8% | 97.7M+53.7% | 63.6M+130.3% | 27.6M+365.3% | 5.93M-13.5% | |
| Inventory | 48.9M+5.0% | 46.6M+5.2% | 44.2M+114.7% | 20.6M+38.7% | 14.9M+24.5% | |
| Prepaid expenses | 16.3M-0.2% | 16.3M+102.8% | 8.03M+177.3% | 2.90M-47.0% | 5.46M+134.7% | |
| 1.07B+32.9% | 804M+13.9% | 706M+154.8% | 277M+105.5% | 135M-11.3% | ||
| Property, plant & equipment | 328M+14.6% | 286M+64.4% | 174M+804.9% | 19.2M+95.3% | 9.84M+107.0% | |
| Operating lease right-of-use | 5.16M-20.5% | 6.48M-1.0% | 6.55M+27.6% | 5.13M-12.3% | 5.85M | |
| Goodwill | 11.5M+0.0% | 11.5M-3.7% | 12.0M | — | — | |
| Intangible assets | 1.95M-9.5% | 2.15M-8.6% | 2.35M | — | — | |
| Deferred tax assets | 83.5M | — | — | — | — | |
| Other non-current assets | 239K+14.9% | 208K+235.5% | 62.0K | — | — | |
| 89.3M+49.1% | 59.9M+9.1% | 54.9M+132.2% | 23.7M+1.8% | 23.2M+95.6% | ||
| Accounts payable | 10.3M+0.6% | 10.3M-19.1% | 12.7M+280.6% | 3.34M-49.8% | 6.65M+451.5% | |
| Deferred revenue | 2.90M+66.8% | 1.74M-11.2% | 1.96M+713.7% | 241K-3.6% | 250K-4.9% | |
| Short-term & current debt | 10.0M | — | — | — | — | |
| Current lease liability | 3.31M+21.4% | 2.73M+34.0% | 2.04M+40.9% | 1.44M | — | |
| 595M+3.4% | 575M+1.2% | 569M+533.7% | 89.8M+33.9% | 67.0M+39.3% | ||
| Long-term debt | — | — | — | 58.7M+66.8% | 35.2M+1.6% | |
| Non-current lease liability | 3.58M-42.8% | 6.25M-18.9% | 7.71M+3.9% | 7.42M-13.8% | 8.60M | |
| Operating lease liability (total) | 6.89M-23.3% | 8.98M-7.9% | 9.74M+10.0% | 8.86M+3.0% | 8.60M | |
| 473M+107.0% | 229M+66.6% | 137M-26.8% | 187M+176.1% | 67.9M-34.7% | ||
| Common stock | 751M+7.7% | 697M+8.8% | 641M-3.8% | 666M+30.5% | 510M+1.6% | |
| Retained earnings | -278M+40.6% | -468M+7.0% | -504M-5.2% | -479M-8.2% | -442M-11.1% | |
| Accumulated other comprehensive income | 124K+134.1% | -364K-82.9% | -199K+11.6% | -225K-19.7% | -188K-97.9% | |
| Total liabilities & equity | 1.07B+32.9% | 804M+13.9% | 706M+154.8% | 277M+105.5% | 135M-11.3% | |
| Common shares issued | 34.3M+1.9% | 33.6M+2.9% | 32.7M+1.6% | 32.1M+15.7% | 27.8M+2.3% | |
| Common shares outstanding | 34.3M+1.9% | 33.6M+2.9% | 32.7M+1.6% | 32.1M+15.7% | 27.8M+2.3% | |
| Shares outstanding (cover) | 34.3M+1.9% | 33.7M+2.9% | 32.7M+1.6% | 32.2M+15.1% | 28.0M+2.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 193M+295.1% | 48.8M+474.6% | -13.0M+71.6% | -45.8M-58.7% | -28.9M+4.6% | ||
| Depreciation & amortization | 27.2M+37.6% | 19.8M+141.6% | 8.18M+135.1% | 3.48M+91.4% | 1.82M+15.2% | |
| Intangible amortization | 200K+0.0% | 200K+100.0% | 100K | — | — | |
| Share-based compensation | 36.9M+10.9% | 33.2M+67.9% | 19.8M+91.8% | 10.3M+50.1% | 6.88M+184.9% | |
| Deferred income taxes | -83.5M | — | -1.66M | — | — | |
| Change in receivables | -13.9M-140.7% | 34.3M+1.5% | 33.8M+56.0% | 21.7M+2680.7% | -840K-485.3% | |
| Change in inventory | 7.72M-7.6% | 8.35M-70.3% | 28.1M+250.1% | 8.02M+64.0% | 4.89M+181.3% | |
| Change in payables | -19.0K+98.6% | -1.40M-120.1% | 6.96M+312.8% | -3.27M-164.2% | 5.09M+187.7% | |
| -59.3M+54.2% | -129M+33.3% | -194M-455.8% | 54.5M+86.3% | 29.3M+170.4% | ||
| Capital expenditure | 59.3M-54.3% | 130M-14.6% | 152M+1175.3% | 11.9M+238.4% | 3.52M+673.4% | |
| Free cash flow | 134M+265.0% | -80.9M+50.9% | -165M-185.6% | -57.7M-78.3% | -32.4M-5.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 16.9M-26.3% | 22.9M-94.3% | 400M+138.4% | 168M+11955.1% | 1.39M-98.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 58.5M | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 36.0M | 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 | |
| FX effect on cash | 1.27M+336.9% | -536K-377.7% | 193K+118.9% | -1.02M-28.1% | -797K-199.3% | |
| Net change in cash | 152M+360.9% | -58.2M-130.0% | 194M+10.3% | 176M+17477.8% | 999K-77.7% | |
| Interest paid | 10.7M-5.3% | 11.3M+39.7% | 8.09M+148.1% | 3.26M-2.2% | 3.33M-4.1% | |
| Income taxes paid | 1.15M | — | — | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.17B+98.8% | 2.10B-18.6% | 2.58B+30.8% | 1.97B+267.8% | 536M-1.6% | |
| P/E | 21.9×-62.9% | 59.2× | — | — | — | |
| P/S | 6.9×+45.0% | 4.8×-64.6% | 13.4×-64.9% | 38.3×+124.2% | 17.1×-11.1% | |
| P/B | 8.8×-3.9% | 9.2×-54.9% | 20.4×+94.3% | 10.5×+32.8% | 7.9×+50.6% | |
| P/FCF | 31.2× | — | — | — | — | |
| Earnings yield | 4.6%+169.9% | 1.7% | — | — | — | |
| FCF yield | 3.2% | — | — | — | — | |
| Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TMDX’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 TMDX filings on SEC EDGAR → Not investment advice.