Treace Medical Concepts, Inc. (TMCI)

Treace Medical Concepts Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	218.88	209.36	187.12	141.84	94.42	57.37
Revenue Growth (YoY)	7.90%	11.88%	31.92%	50.22%	64.59%	45.54%
Cost of Revenue	44.05	41.09	35.18	25.53	16.89	12.47
Gross Profit	174.83	168.26	151.94	116.31	77.53	44.9
Selling, General & Admin	202.31	201.26	187.93	137.57	83.84	38.19
Research & Development	20.9	20.54	15.44	13.58	10.2	5.85
Operating Expenses	223.21	223.9	203.37	151.15	94.04	44.04
Operating Income	-48.38	-55.64	-51.43	-34.84	-16.51	0.86
Interest Expense	-5.28	-5.26	-5.17	-4.4	-4.06	-2.78
Interest & Investment Income	3.15	4.88	6.73	1.31	0.02	-
Other Non Operating Income (Expenses)	0.46	0.32	0.34	-0.06	0	-1.75
EBT Excluding Unusual Items	-50.06	-55.69	-49.53	-37.99	-20.55	-3.67
Asset Writedown	-	-	-	-0.35	-	-
Other Unusual Items	-0.05	-0.05	-	-4.48	-	-
Pretax Income	-50.11	-55.74	-49.53	-42.82	-20.55	-3.67
Net Income	-50.11	-55.74	-49.53	-42.82	-20.55	-3.67
Preferred Dividends & Other Adjustments	-	-	-	-	0.2	0.64
Net Income to Common	-50.11	-55.74	-49.53	-42.82	-20.75	-4.31
Shares Outstanding (Basic)	63	62	61	55	48	37
Shares Outstanding (Diluted)	63	62	61	55	48	37
Shares Change (YoY)	1.51%	2.07%	10.09%	14.17%	30.61%	0.43%
EPS (Basic)	-0.80	-0.90	-0.81	-0.77	-0.43	-0.12
EPS (Diluted)	-0.80	-0.90	-0.81	-0.77	-0.43	-0.12
Free Cash Flow	-26.34	-48.76	-46.03	-45.49	-19.9	-5.56
Free Cash Flow Per Share	-0.42	-0.79	-0.76	-0.82	-0.41	-0.15
Gross Margin	79.87%	80.37%	81.20%	82.00%	82.11%	78.26%
Operating Margin	-22.11%	-26.57%	-27.48%	-24.57%	-17.49%	1.49%
Profit Margin	-22.89%	-26.63%	-26.47%	-30.19%	-21.97%	-7.51%
Free Cash Flow Margin	-12.04%	-23.29%	-24.60%	-32.07%	-21.07%	-9.70%
EBITDA	-39.33	-48.22	-46.58	-32.71	-15.83	2.07
EBITDA Margin	-17.97%	-23.03%	-24.89%	-23.06%	-16.76%	3.60%
D&A For EBITDA	9.05	7.42	4.85	2.13	0.69	1.21
EBIT	-48.38	-55.64	-51.43	-34.84	-16.51	0.86
EBIT Margin	-22.11%	-26.57%	-27.48%	-24.57%	-17.49%	1.49%
Advertising Expenses	-	14.8	16.1	15	13	3.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q