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Merit Medical Systems MMSI Single Reportable — Research And Development Expense

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$3.47M-9.3%

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$5.24B+5.8%
Enterprise value$5.57B+2.6%
P/E37.6×-4.0×
P/S3.4×-0.1×

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:ResearchAndDevelopmentExpense.

The source filing: Merit Medical Systems’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000856982-26-000025
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Cost of sales other(2)50,06340,528
Selling and marketing expenses73,95764,929
General and administrative expenses44,25342,557
Research and development expenses22,60922,478
Other operating expenses(3)(179)1,023
Other (income) expense — net(9,389)3,075
Income tax expense12,5517,811
Net income$40,995$30,147

Item 1. Financial Statements (Unaudited)

FAQ

What is Merit Medical Systems's single reportable — research and development expense?
Merit Medical Systems (MMSI) reported single reportable — research and development expense of $22.61M in Q1 2026.
What does single reportable — research and development expense mean?
This metric represents the investment in innovation, clinical trials, and the development of new medical technologies within the segment. It is a critical indicator of the company's commitment to long-term product pipeline growth and competitive differentiation. Investors monitor this to gauge the sustainability of the company's future revenue streams and technological leadership.

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