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MiniMed Group MMED Contract with customer, refund liability

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Other financials

Income statement

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Revenue$790.0M+15.0%
Gross profit$362.0M-8.4%
Operating income-$100.0M-576%
Net income-$119.0M-1,090%
EPS (diluted)-$0.47-1,075%

Balance sheet

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Cash & equivalents$298.0M+2,609%
Total debt$53.0M-20.9%
Total equity$3.6B+8.4%
Total assets$4.6B+10.2%

Cash flow

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Operating cash flow-$27.0M-147%
CapEx$167.0M+22.8%
Free cash flow-$194.0M-146%

Valuation

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Market cap$5.17B+2.3%
Enterprise value$4.93B
P/S1.9×

Profitability

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Gross margin54.4%
Operating margin-4.2%
Net margin-11.9%
FCF margin-12%

Returns & leverage

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Return on equity-9.3%
Debt / equity
Current ratio1.6×

Where this comes from

Reported directly by MiniMed Group in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerRefundLiabilityNoncurrent.

The source filing: MiniMed Group’s 10-Q, filed April 17, 2026.

Filed
Apr 17, 2026, 4:29 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-025777

At January 23, 2026, $48 million of rebates and other adjustments were classified as accrued rebates and $48 million of rebates and other adjustments were classified as other liabilities in the condensed combined balance sheets. At April 25, 2025, $51 million of rebates and other adjustments were classified as accrued rebates and $38 million of rebates and other adjustments were classified as other liabilities in the condensed combined balance sheets. There was $7 million and $5 million of return reserves classified as other accrued expenses in the condensed combined balance sheets at January 23, 2026 and April 25, 2025, respectively.

Item 1. Financial Statements (

FAQ

What is MiniMed Group's contract with customer, refund liability?
MiniMed Group (MMED) reported contract with customer, refund liability of $48M in Q1 2026.

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