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TransMedics Group Inc (TMDX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · MEDICAL DEVICES · DATA UPDATED 2026-08-29

TransMedics Group Inc (TMDX) operates in the MEDICAL DEVICES industry and is headquartered in Andover, United States with about 898 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, TMDX reported $605M in revenue and $190M in net income.

TransMedics Group, Inc., a commercial-stage medical technology company, engages in transforming organ transplant therapy for end-stage organ failure patients in the United States and internationally.

Interactive charts & full statements → Open the TMDX valuation workbench →

TMDX Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312006-12-31
Total Revenue$668M$605M$442M$242M$93M$30M$26M$24M$13M$8M$6M
Gross Profit$392M$363M$262M$154M$65M$21M$17M$14M$6M$2M$1M
Gross Margin %58.7%59.9%59.4%63.8%69.8%69.9%64.9%58.7%44.0%27.8%12.3%
Operating Income (EBIT)$82M$109M$37M($29M)($31M)($39M)($26M)($30M)($20M)($20M)($23M)($18M)
Operating Margin %12.2%17.9%8.5%-11.9%-33.6%-130.3%-102.9%-125.4%-155.5%-265.8%-370.2%
Net Income$152M$190M$35M($25M)($36M)($44M)($29M)($34M)($24M)($21M)($24M)($18M)
Net Margin %22.7%31.4%8.0%-10.4%-38.8%-146.1%-112.1%-142.1%-182.5%-271.0%-387.6%
EBITDA$120M$148M$70M($8M)($29M)($38M)($23M)($28M)($20M)($19M)($23M)
Earnings Per Share (EPS)$3.73$4.69$1.01$-0.77$-1.23$-1.60$-1.16$-2.36$-1.23$-1.44$-1.66
Shares Outstanding (M)41M41M35M33M30M28M25M14M19M14M14M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMDX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$190M$174M$161M$144M$157M$144M$122M$109M
Gross Profit$113M$101M$93M$85M$97M$88M$72M$61M
Gross Margin %59.6%58.2%58.1%58.8%61.4%61.5%59.2%55.9%
Operating Income (EBIT)$24M$13M$21M$23M$37M$27M$9M$4M
Operating Margin %12.5%7.6%13.2%16.2%23.2%19.1%7.1%3.6%
Net Income$15M$7M$105M$24M$35M$26M$7M$4M
Net Margin %7.7%4.2%65.5%16.9%22.2%17.9%5.6%3.9%
EBITDA$27M$28M$32M$33M$46M$36M$16M$13M
Earnings Per Share (EPS)$0.36$0.20$2.57$0.60$0.86$0.64$0.19$0.12
Shares Outstanding (M)41M36M41M41M41M40M35M36M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMDX Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312006-12-31
Cash from Operations (CFO)$146M$193M$49M($13M)($46M)($29M)($30M)($32M)($26M)($23M)($24M)($16M)
Capital Expenditures (CapEx)$67M$59M$130M$179M$12M$4M$0M$0M$0M$0M$1M$1M
Free Cash Flow (FCF)$79M$134M($81M)($192M)($58M)($32M)($31M)($32M)($26M)($23M)($26M)($17M)
FCF Margin %11.8%22.1%-18.3%-79.5%-61.8%-107.0%-119.8%-137.5%-202.8%-304.0%-412.1%
Dividends Paid$51M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMDX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$17M$25M$35M$70M$92M($3M)$20M$7M
Capital Expenditures (CapEx)$7M$37M$16M$8M$9M$27M$14M$48M
Free Cash Flow (FCF)$10M($12M)$19M$62M$83M($30M)$6M($41M)
FCF Margin %5.4%-7.0%11.8%43.1%52.4%-20.8%5.0%-38.0%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMDX Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312006-12-31
Total Assets$1.5B$1.1B$804M$706M$277M$135M$152M$105M$42M$37M$58M$15M
Cash & Cash Equivalents$473M$488M$337M$395M$201M$26M$25M$20M$20M$12M$10M$9M
Total Liabilities$946M$595M$575M$569M$90M$67M$48M$51M$47M$206M$19M$6M
Total Debt (Short + Long-Term)$518M$516M$512M$508M$60M$44M$35M$34M$34M$9M$8M$1M
Total Shareholders' Equity$518M$473M$229M$137M$187M$68M$104M$55M($5M)($169M)$39M$9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TMDX viewer.

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