Teladoc Health, Inc. income statement
In fiscal 2025, Teladoc Health, Inc. reported revenue of $2.53bn, down 1.5% on the year before, operating income of −$263m (a -10.4% margin) and net income of −$200m, or −$1.14 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.4 | 0.6 | 1.1 | 2.0 | 2.4 | 2.6 | 2.6 | 2.5 | 2.5 |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.4 | 0.7 | 0.7 | — | — | — | — |
| Gross profit | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.4 | 0.7 | 1.4 | 1.7 | — | — | — | — |
| Research and development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| General and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 |
| Operating income | −0.0 | −0.0 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.5 | −0.3 | −13.7 | −0.2 | −1.0 | −0.3 | −0.2 |
| Interest expense | — | — | — | — | — | — | — | — | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net interest income | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | −0.1 | −0.0 | — | — | — | — |
| Income before tax | −0.0 | −0.0 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.6 | −0.4 | −13.7 | −0.2 | −1.0 | −0.2 | −0.2 |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | −0.0 | 0.0 | −0.0 | −0.1 | 0.0 | −0.0 | 0.0 | 0.0 | −0.0 | −0.0 |
| Net income | −0.0 | −0.0 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.5 | −0.4 | −13.7 | −0.2 | −1.0 | −0.2 | −0.2 |
| Diluted EPS | −$0.81 | −$1.02 | −$2.91 | −$1.75 | −$1.93 | −$1.47 | −$1.38 | −$5.36 | −$2.73 | −$84.60 | −$1.34 | −$5.87 | −$1.14 | −$0.86 |
| Diluted shares (average) | 12m | 20m | 20m | 42m | 55m | 66m | 72m | 91m | 157m | 161m | 165m | 171m | 176m | 180m |
| EBITDA | −0.0 | −0.0 | −0.1 | −0.1 | −0.1 | −0.0 | −0.0 | −0.4 | −0.1 | −13.4 | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 640 | 629 | 632 | 626 | 642 | 614 | 607 | 605 |
| Research and development | 77 | 70 | 69 | 68 | 72 | 68 | 63 | 66 |
| General and administrative | 100 | 113 | 108 | 103 | 108 | 102 | 104 | 107 |
| Operating income | −48 | −121 | −54 | −52 | −36 | −62 | −37 | −28 |
| Interest expense | 7 | 6 | 4 | 5 | 5 | 5 | 5 | 5 |
| Income before tax | −48 | −111 | −40 | −50 | −34 | −61 | −38 | −26 |
| Income tax | 0 | −18 | −8 | −1 | −8 | 3 | 1 | 1 |
| Net income | −48 | −93 | −33 | −50 | −25 | −64 | −39 | −27 |
| Diluted EPS | −$0.26 | −$0.53 | −$0.19 | −$0.28 | −$0.14 | −$0.36 | −$0.21 | −$0.15 |
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