TransMedics Group, Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue:
Total cost of revenue $7.3m $9.7m $9.0m $9.1m $28.2m $87.5m $179.5m $242.7m
Gross profit $5.7m $13.9m $16.6m $21.2m $65.3m $154.1m $262.1m $362.8m
Selling, general and administrative $12.3m $23.6m $24.2m $38.3m $69.9m $119.6m $168.6m $185.2m
Total operating expenses $26.0m $43.5m $43.0m $60.6m $96.7m $182.8m $224.6m $254.2m
Research, development and clinical trials $13.7m $19.9m $18.8m $22.3m $26.8m $36.1m $56.0m $69.1m
Income (loss) from operations ($20.2m) ($29.6m) ($26.4m) ($39.4m) ($31.4m) ($28.7m) $37.5m $108.6m
Income (loss) before income taxes ($28.7m) ($44.2m) ($36.2m) ($26.7m) $35.8m $107.5m
(Provision) benefit for income taxes ($36k) ($66k) $1.6m $316k $82.8m
Net income (loss) ($23.8m) ($33.5m) ($28.7m) ($44.2m) ($36.2m) ($25.0m) $35.5m $190.3m
Net income (loss) per share, basic ($1) ($2) ($1) ($1) $1 $6
Net income (loss) per share, diluted ($17) ($2) ($1) ($2) ($1) ($1) $1 $5
Weighted average common shares outstanding, basic 24.7m 27.6m 29.6m 32.5m 33.2m 34.0m
Weighted average common shares outstanding, diluted 24.7m 27.6m 29.6m 32.5m 35.2m 40.5m
Acquired in-process research and development expenses $27.2m
Interest expense ($2.7m) ($4.4m) ($4.0m) ($3.9m) ($3.7m) ($10.8m) ($14.4m) ($13.8m)
Interest income and other income (expense), net ($1.0m) $12.8m $12.7m $12.7m
Total other income (expense), net ($3.5m) ($3.9m) ($2.3m) ($4.8m) ($4.7m) $2.1m ($1.7m) ($1.1m)