TransMedics Group, Inc.
For the period ended Sep 30, 2025. Filed Oct 29, 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.
Sep 30, 2025 · Filed Oct 29, 2025
TMDX$90.95-3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Net product revenue | $87,677 | $65,861 | $272,011 | $198,918 |
| Service revenue | 56,146 | 42,900 | 172,719 | 120,998 |
| Total revenue | 143,823 | 108,761 | 444,730 | 319,916 |
| Cost of revenue: | ||||
| Cost of net product revenue | 18,687 | 13,246 | 54,420 | 41,800 |
| Cost of service revenue | 40,561 | 34,670 | 120,918 | 88,048 |
| Total cost of revenue | 59,248 | 47,916 | 175,338 | 129,848 |
| Gross profit | 84,575 | 60,845 | 269,392 | 190,068 |
| Operating expenses: | ||||
| Research, development and clinical trials | 15,260 | 14,266 | 48,354 | 39,504 |
| Selling, general and administrative | 46,015 | 42,656 | 133,728 | 121,712 |
| Total operating expenses | 61,275 | 56,922 | 182,082 | 161,216 |
| Income from operations | 23,300 | 3,923 | 87,310 | 28,852 |
| Other income (expense): | ||||
| Interest expense | (3,491) | (3,617) | (10,428) | (10,838) |
| Interest income and other income (expense), net | 3,222 | 3,939 | 9,007 | 10,777 |
| Total other income (expense), net | (269) | 322 | (1,421) | (61) |
| Income before income taxes | 23,031 | 4,245 | 85,889 | 28,791 |
| (Provision) benefit for income taxes | 1,288 | (29) | (981) | (184) |
| Net income | $24,319 | $4,216 | $84,908 | $28,607 |
| Net income per share: | ||||
| Basic | $0.71 | $0.13 | $2.50 | $0.86 |
| Diluted | $0.66 | $0.12 | $2.28 | $0.81 |
| Weighted average common shares outstanding: | ||||
| Basic | 34,112,452 | 33,441,394 | 33,917,006 | 33,108,253 |
| Diluted | 40,748,023 | 35,683,952 | 40,410,208 | 35,218,756 |
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