Transmedics Group Inc (TMDX) financials
Transmedics Group revenue and earnings by year
Transmedics Group's revenue was $605 million in the fiscal year to December 31, 2025, up 37.1% from the year before. Net income was $190 million, 31.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 66.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 605 | 442 | 242 | 93 | 30 | 26 | 24 | 13 | 8 | 6 |
| Revenue growth | 37.1% | 82.7% | 158.5% | 208.8% | 18.0% | 8.6% | 81.3% | 69.4% | 23.8% | — |
| Gross profit | 363 | 262 | 154 | 65 | 21 | 17 | 14 | 6 | 2 | 1 |
| Gross margin | 59.9% | 59.4% | 63.8% | 69.8% | 69.9% | 64.9% | 58.7% | 44.1% | 27.8% | 12.3% |
| Operating income | 109 | 37 | -29 | -31 | -39 | -26 | -30 | -20 | -20 | -23 |
| Operating margin | 17.9% | 8.5% | -11.9% | -33.6% | -130.3% | -102.9% | -125.4% | -155.5% | -265.8% | -370.2% |
| Net income | 190 | 35 | -25 | -36 | -44 | -29 | -34 | -24 | -21 | -24 |
| Net margin | 31.4% | 8.0% | -10.4% | -38.8% | -146.1% | -112.1% | -142.1% | -182.5% | -271.0% | -387.6% |
| Diluted EPS | $4.87 | $1.01 | -$0.77 | -$1.23 | -$1.60 | -$1.16 | — | — | — | — |
| Free cash flow | 134 | -81 | -165 | -58 | -32 | -31 | -32 | -26 | -23 | -26 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open TMDX in Markets.
How Transmedics Group makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $111M | 58.5% |
| Services | $78.8M | 41.5% |
See also: TMDX valuation and P/E history · TMDX returns
No forecast, no recommendation. This page describes Transmedics Group Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.