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TransMedics Group, Inc. TMDX Service — Revenue

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Other financials

Income statement

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Revenue$173.9M+21.2%
Gross profit$101.2M+14.7%
Operating income$13.3M-51.5%
Net income$7.3M-71.5%
EPS (diluted)$0.20-71.4%

Balance sheet

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Cash & equivalents$461.7M+48.9%
Total debt$409.9M+505%
Total equity$494.0M+85.5%
Total assets$1.4B+71.3%

Cash flow

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Operating cash flow$24.5M+959%
CapEx$36.7M+35.6%
Free cash flow-$12.1M+59.4%

Valuation

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Market cap$2.78B-31.3%
Enterprise value$2.73B-26.6%
P/E16.2×-40.3×
P/S4.4×-3.2×

Profitability

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Gross margin59.1%-0.4pp
Operating margin14.9%+4.1pp
Net margin27%+17.0pp
FCF margin23.8%

Returns & leverage

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Return on equity45.2%+22.2pp
Debt / equity0.8×+0.6×
Current ratio6.7×-2.4×

Where this comes from

Reported directly by TransMedics Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: TransMedics Group, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-206453
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue:
Net product revenue$107,972$88,234
Service revenue65,96155,303
Total revenue173,933143,537
Cost of revenue:
Cost of net product revenue24,30816,312
Cost of service revenue48,46438,997
Total cost of revenue72,77255,309

Item 1. Financial Statements (Unaudited)

FAQ

What is TransMedics Group, Inc.'s service — revenue?
TransMedics Group, Inc. (TMDX) reported service — revenue of $65.96M in Q1 2026.
How has TransMedics Group, Inc.'s service — revenue changed year-over-year?
TransMedics Group, Inc.'s service — revenue increased by 19.3% year-over-year, from $55.3M to $65.96M.
What is the long-term trend for TransMedics Group, Inc.'s service — revenue?
Over 4 years (2021 to 2025), TransMedics Group, Inc.'s service — revenue has grown at a 343.0% compound annual growth rate (CAGR), from $605K to $233.09M.
What does service — revenue mean?
This metric represents the total gross income generated from the provision of specialized services, such as logistics, clinical support, or managed care operations, distinct from the sale of physical hardware or medical devices. It reflects the company's ability to monetize its operational infrastructure and service-based business model within the broader healthcare ecosystem. Growth in this area indicates successful adoption and recurring utilization of the company's service offerings by healthcare providers.

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