MERIT MEDICAL SYSTEMS INC

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 24, 2025

MMSI$87.81-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(In thousands, except per share amounts - unaudited)


	Three Months Ended
· · March 31,
· 2025 · 2024
Net sales		$355,351	$323,508
Cost of sales		183,331	171,793
Gross profit		172,020	151,715

Operating expenses:
Selling, general and administrative		107,486	94,428
Research and development		22,478	21,482
Contingent consideration expense (benefit)		1,023	(117)
Total operating expenses		130,987	115,793

Income from operations		41,033	35,922

Other income (expense):
Interest income		3,790	7,276
Interest expense		(6,568)	(8,046)
Other expense — net		(297)	(804)
Total other expense — net		(3,075)	(1,574)

Income before income taxes		37,958	34,348

Income tax expense		7,811	6,108

Net income		$30,147	$28,240

Earnings per common share
Basic		$0.51	$0.49
Diluted		$0.49	$0.48

Weighted average shares outstanding
Basic		58,897	57,958
Diluted		61,278	58,567

See condensed notes to consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.