What is Merit Medical Systems's foundational — revenue?

Merit Medical Systems (MMSI) reported foundational — revenue of $255.48M in Q1 2026.

What does foundational — revenue mean?

This metric represents the total net revenue generated from the sale of products or services within the foundational business segment, excluding any sales-based taxes collected from customers. It serves as a primary indicator of the core commercial performance and market demand for the company's established medical device portfolio. By isolating this segment, investors can evaluate the stability and growth trajectory of the firm's baseline revenue streams independent of newer or non-core business activities.

Merit Medical Systems MMSI Foundational — Revenue

Other product segments

Therapeutic

$126.4M—

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Other financials

Income statement

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Revenue$381.9M+7.5%

Gross profit$184.8M+7.4%

Operating income$44.2M+7.6%

Net income$41.0M+36.0%

EPS (diluted)$0.68+38.8%

Balance sheet

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Cash & equivalents$488.1M+23.4%

Total debt$821.6M+0.5%

Total equity$1.6B+13.9%

Total assets$2.7B+10.2%

Cash flow

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Operating cash flow$40.7M+0.3%

CapEx$16.0M-24.0%

Free cash flow$24.7M+26.5%

Valuation

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Market cap$4.01B-34.1%

Enterprise value$4.34B-33.3%

P/E28.8×-21.0×

P/S2.6×-1.8×

Profitability

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Gross margin48.7%+0.9pp

Operating margin12.2%+0.6pp

Net margin9%+0.2pp

FCF margin14.3%+1.3pp

Returns & leverage

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Return on equity9.1%0.0pp

Debt / equity0.5×-0.1×

Current ratio5.1×+0.2×

Where this comes from

Reported directly by Merit Medical Systems in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Merit Medical Systems’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merit Medical Systems's foundational — revenue?: Merit Medical Systems (MMSI) reported foundational — revenue of $255.48M in Q1 2026.
What does foundational — revenue mean?: This metric represents the total net revenue generated from the sale of products or services within the foundational business segment, excluding any sales-based taxes collected from customers. It serves as a primary indicator of the core commercial performance and market demand for the company's established medical device portfolio. By isolating this segment, investors can evaluate the stability and growth trajectory of the firm's baseline revenue streams independent of newer or non-core business activities.