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MARKETS / NASDAQ / TMDX
NASDAQ · ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS · LARGE CAP

TransMedics Group, Inc. TMDX

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$605.5M
▲ 37.1% YoY
$190.3M
▲ 436.6% YoY
$133.6M
In brief

What this company does

TransMedics Group, Inc. developed the OCS, a portable, multi-organ, warm perfusion platform, and has developed three OCS products, one for each of lung, heart and liver transplantation. Each OCS product consists of three primary components customized for each organ: an OCS Console, an OCS Perfusion Set and OCS Solutions. As of December 31, 2025, it employed 898 people globally, most of whom were full-time and located in the United States. It also operates its NOP, a turnkey solution that provides outsourced organ procurement, OCS perfusion management and transplant logistics services, including aviation transportation, ground transportation and other coordination activity, to transplant programs in the United States. It designs and assembles its OCS Consoles and disposable OCS Perfusion Sets at its facility in Andover, Massachusetts. TransMedics Group, Inc. was incorporated in the Commonwealth of Massachusetts in October 2018 to facilitate its initial public offering, and its wholly owned operating subsidiary, TransMedics, Inc., was incorporated in the State of Delaware in August 1998.

Written from the business description in TransMedics Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 605.5M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 605.5 · Net income 190.3
250.0M500.0M20182019202020212022202320242025
Compound annual growth
+86.4%
+88.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +88.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
31 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.9% · Net 31.4%
10%20%30%-50%-100%-150%20182019202020212022202320242025
ROE
FY2025 · ROE 54.2%
20%40%-20%-40%20182019202020212022202320242025

Each USD of equity produced 54 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 133.6
50M100M-80M-160M20182019202020212022202320242025

Total assetsUSD 1.1B
EquityUSD 473.1M
CashUSD 488.9M
Gross debtUSD 10.0M
Net debtUSD -478.9M
Current ratio7.14×

The company holds more cash than debt.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.60.40.20.10.00.00.00.0
Operating income $B0.10.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.10.1−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.10.0−0.00.0·0.00.00.0
Net income $B0.20.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.1−0.1−0.2−0.1−0.0−0.0−0.0−0.0
EPS, diluted $4.871.01−0.77−1.23−1.60−1.16−2.36−17.48
Dividend / sh $0.000.000.000.000.000.000.00·
Payout %········
ROE %54.219.4−15.4−28.4−51.5−36.3··
Shares out B0.030.030.030.030.030.03··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 41 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 54 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectromedical & Electrotherapeutic Apparatus
Listed onNASDAQ
Incorporated inMassachusetts
Fiscal year endsDecember 31
Data on record since2017

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