TransMedics Group, Inc.
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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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.
Jun 30, 2025 · Filed Jul 30, 2025
TMDX$93.79+6.3%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Net product revenue | $96,100 | $71,732 | $184,334 | $133,057 |
| Service revenue | 61,270 | 42,573 | 116,573 | 78,098 |
| Total revenue | 157,370 | 114,305 | 300,907 | 211,155 |
| Cost of revenue: | ||||
| Cost of net product revenue | 19,421 | 14,470 | 35,733 | 28,554 |
| Cost of service revenue | 41,360 | 30,574 | 80,357 | 53,378 |
| Total cost of revenue | 60,781 | 45,044 | 116,090 | 81,932 |
| Gross profit | 96,589 | 69,261 | 184,817 | 129,223 |
| Operating expenses: | ||||
| Research, development and clinical trials | 15,934 | 13,858 | 33,094 | 25,238 |
| Selling, general and administrative | 44,088 | 42,895 | 87,713 | 79,056 |
| Total operating expenses | 60,022 | 56,753 | 120,807 | 104,294 |
| Income from operations | 36,567 | 12,508 | 64,010 | 24,929 |
| Other income (expense): | ||||
| Interest expense | (3,476) | (3,623) | (6,937) | (7,221) |
| Interest income and other income (expense), net | 3,091 | 3,268 | 5,785 | 6,838 |
| Total other expense, net | (385) | (355) | (1,152) | (383) |
| Income before income taxes | 36,182 | 12,153 | 62,858 | 24,546 |
| (Provision) benefit for income taxes | (1,275) | 41 | (2,269) | (155) |
| Net income | $34,907 | $12,194 | $60,589 | $24,391 |
| Net income per share: | ||||
| Basic | $1.03 | $0.37 | $1.79 | $0.74 |
| Diluted | $0.92 | $0.35 | $1.62 | $0.70 |
| Weighted average common shares outstanding: | ||||
| Basic | 33,912,669 | 33,119,514 | 33,817,664 | 32,939,852 |
| Diluted | 40,558,953 | 35,288,308 | 40,238,501 | 34,983,603 |
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