MiniMed Group, Inc.
For the period ended Jan 23, 2026. Filed Apr 17, 2026.
View on SEC.govAbout 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.
Jan 23, 2026 · Filed Apr 17, 2026
MMED$16.71-8.0%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements (Unaudited)
CONDENSED COMBINED STATEMENTS OF OPERATIONS
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| (in millions, except share and per share data) | January 23, 2026 | January 24, 2025 | January 23, 2026 | January 24, 2025 |
| Net sales | $790 | $687 | $2,265 | $1,991 |
| Cost of products sold | 428 | 292 | 1,065 | 869 |
| Gross Profit | 362 | 395 | 1,200 | 1,123 |
| Operating expenses: | ||||
| Research and development expense | 114 | 112 | 349 | 329 |
| Selling, general, and administrative expense | 309 | 268 | 884 | 804 |
| Certain litigation charges, net | (6) | — | 11 | — |
| Other operating expense (income), net | 45 | (7) | 53 | (12) |
| Operating (loss) profit | (100) | 21 | (97) | 2 |
| Other non-operating (income) expense, net | — | — | — | 1 |
| (Loss) profit before income taxes | (99) | 21 | (97) | 1 |
| Income tax provision | 12 | 28 | 35 | 31 |
| Net loss | (111) | (7) | (132) | (30) |
| Net income attributable to noncontrolling interests | (8) | (3) | (16) | (10) |
| Net loss attributable to the Company | $(119) | $(10) | $(148) | $(41) |
| Loss per share: | ||||
| Basic and diluted | $(0.47) | $(0.04) | $(0.59) | $(0.16) |
| Weighted-average shares outstanding | ||||
| Basic and diluted | 252,813,348 | 252,813,348 | 252,813,348 | 252,813,348 |
CONDENSED COMBINED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| (in millions) | January 23, 2026 | January 24, 2025 | January 23, 2026 | January 24, 2025 |
| Net loss | $(111) | $(7) | $(132) | $(30) |
| Other comprehensive income (loss), net of tax: | ||||
| Translation adjustment | 5 | (10) | 11 | (7) |
| Other comprehensive income (loss), net of tax: | 5 | (10) | 11 | (7) |
| Comprehensive loss attributable to the Company | $(106) | $(17) | $(121) | $(37) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.