TACTILE SYSTEMS TECHNOLOGY INC
For the period ended May 6, 2026. Filed Mar 25, 2026.
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May 6, 2026 · Filed Mar 25, 2026
Contents
Appendix A
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Adjusted EBITDA is referenced in this Proxy Statement and represents net income less interest income, net, plus income tax expense, plus depreciation and amortization, plus stock-based compensation expense, and plus executive transition costs. Adjusted EBITDA margin represents net income margin (net income divided by revenue) with the same items adjusted as in Adjusted EBITDA. Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures and should not be considered as alternatives to, or superior to, net income or loss as a measure of financial performance or cash flows from operations as a measure of liquidity, or any other performance measure derived in accordance with GAAP, and should not be construed to imply that the Company’s future results will be unaffected by unusual or non-recurring items. The Company’s definition of these measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation.
The following table contains a reconciliation of Net Income to Adjusted EBITDA:
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| (In thousands) | | | Year Ended December 31, 2025 | | Year Ended December 31, 2024 | | % Increase (Decrease) |
| Net Income | | $19,086 | $16,960 | | 12.5% | ||
| Interest (income) expense, net | | | (2,059) | | (1,299) | | (58.5)% |
| Income tax expense | | | 12,253 | | 6,529 | | 87.7% |
| Depreciation and amortization | | | 6,644 | | 6,793 | | (2.2)% |
| Stock-based compensation | | | 8,357 | | 7,819 | | 6.9% |
| Executive transition costs | | | 491 | | 248 | | 0.0% |
| Adjusted EBITDA | | $44,772 | $37,050 | | 20.8% |
The following table contains a reconciliation of Net Income Margin to Adjusted EBITDA Margin:
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| | | | Year Ended December 31, 2025 | | Year Ended December 31, 2024 | | % Increase (Decrease) |
| Net Income Margin | | | 5.8% | | 5.8% | | 0.0% |
| Interest (income) expense, net | | | (0.6)% | | (0.4)% | | (50.0)% |
| Income tax expense | | | 3.7% | | 2.2% | | 68.2% |
| Depreciation and amortization | | | 2.0% | | 2.3% | | (13.0)% |
| Stock-based compensation | | | 2.5% | | 2.7% | | (7.4)% |
| Executive transition costs | | | 0.1% | | 0.1% | | 0.0% |
| Adjusted EBITDA Margin | | | 13.5% | | 12.7% | | 6.3% |
| A- | |
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| 2026 Proxy Statement | A-1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.