TACTILE SYSTEMS TECHNOLOGY INC

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 17, 2026

TCMD$26.62+0.1%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows


Tactile Systems Technology, Inc.
Consolidated Statements of Cash Flows
· ·
· · Year Ended December 31,
(In thousands) · · 2025 · · 2024 · · 2023
Cash flows from operating activities
Net income	$19,086	$16,960	$28,515
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,643	6,792	6,539
Deferred income taxes	8,528	1,067	(19,378)
Stock-based compensation expense	8,357	7,819	7,547
Loss on disposal of property and equipment and intangibles	78	308	3
Change in fair value of earn-out liability	—	—	(2,475)
Changes in assets and liabilities, net of acquisition:
Accounts receivable, net	1,061	(1,764)	11,653
Net investment in leases	(1,214)	(345)	1,935
Inventories	4,641	3,861	597
Income taxes payable	1,194	(1,404)	(721)
Prepaid expenses and other assets	(6,898)	(3,929)	72
Right of use operating lease assets	(142)	187	71
Accounts receivable, non-current	—	10,936	12,125
Accounts payable	(758)	(1,087)	(3,853)
Accrued payroll and related taxes	1,455	1,134	(311)
Accrued expenses and other liabilities	780	120	(6,464)
Net cash provided by operating activities	42,811	40,655	35,855
Cash flows from investing activities
Purchases of property and equipment	(2,380)	(2,392)	(2,324)
Proceeds from sale of property and equipment	—	12	—
Intangible assets expenditures	(155)	(117)	(157)
Net cash used in investing activities	(2,535)	(2,497)	(2,481)
Cash flows from financing activities
Proceeds from issuance of note payable	—	—	8,250
Payments on earn-out	—	—	(10,575)
Payments on note payable	(26,250)	(3,000)	(3,000)
Payments on revolving line of credit	—	—	(25,000)
Payments of deferred debt issuance costs	—	—	(125)
Proceeds from exercise of common stock options	222	24	14
Proceeds from the issuance of common stock from the employee stock purchase plan	1,392	1,660	1,541
Payments for repurchases of common stock	(26,561)	(3,508)	—
Proceeds from issuance of common stock at market	—	—	34,625
Net cash (used in) provided by financing activities	(51,197)	(4,824)	5,730
Net (decrease) increase in cash	(10,921)	33,334	39,104
Cash – beginning of period	94,367	61,033	21,929
Cash – end of period	$83,446	$94,367	$61,033

Supplemental cash flow disclosure
Cash paid for interest	$1,218	$2,106	$4,560
Cash paid for taxes	$2,500	$6,866	$7,353
Accrued excise tax on stock repurchases	$191	$—	—
Capital expenditures incurred but not yet paid	$78	$76	$528

Tactile Systems Technology, Inc.

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.