TransMedics Group, Inc. (TMDX)
NASDAQ: TMDX · Real-Time Price · USD
72.26
+1.13 (1.59%)
At close: Jul 24, 2026, 4:00 PM EDT
73.12
+0.86 (1.19%)
Pre-market: Jul 27, 2026, 5:52 AM EDT

TransMedics Group Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
635.89605.49441.54241.6293.4630.26
Revenue Growth
30.25%37.13%82.74%158.53%208.83%18.03%
Gross Profit
375.74362.81262.08154.0965.2721.16
Operating Income
94.44108.5837.5-28.73-31.44-39.43
Net Income
171.92190.2935.46-25.03-36.23-44.22
Earnings Per Share
4.404.871.01-0.77-1.23-1.60
EPS Growth
223.53%382.18%----

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States Lung
1213.4415.7610.557.979.84
United States Heart
111.43111.8496.6659.0829.910.1
United States Liver
489.67459.42309.46151.7246.171.92
All Other Countries Lung
1.671.421.931.270.880.82
All Other Countries Heart
15.6314.1713.214.018.457.58
All Other Countries Liver
0.981.110.160.10.09-
Other Service
4.54.14.384.89--
Revenue (Total)
635.89605.49441.54241.6293.4630.26

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
461.74488.37336.65394.81201.1892.45
Total Debt
863.42519.28518.29515.9567.5643.8
Net Cash (Debt)
-401.68-30.91-181.64-121.13133.6348.65
Net Cash Growth
----174.66%-46.53%
Net Cash Per Share
-10.14-0.76-5.16-3.734.521.76

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
220.23192.8448.8-13.03-45.82-28.86
Capital Expenditures
-68.87-59.25-129.74-151.85-11.91-3.52
Free Cash Flow
151.36133.59-80.94-164.88-57.72-32.38
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
59.09%59.92%59.36%63.77%69.84%69.92%
Operating Margin
14.85%17.93%8.49%-11.89%-33.64%-130.29%
Pretax Margin
14.05%17.76%8.10%-11.04%-38.70%-145.99%
Profit Margin
27.04%31.43%8.03%-10.36%-38.77%-146.11%
FCF Margin
23.80%22.06%-18.33%-68.24%-61.76%-107.01%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
16.1924.9861.73---
Forward PE
35.4647.4056.70---
P/FCF Ratio
16.5031.21----
PS Ratio
3.936.884.7510.6721.2317.60