Transmedics Group, Inc. balance sheet

At the end of fiscal 2025, Transmedics Group, Inc. had total assets of $1.07bn, total liabilities of $595m and shareholders' equity of $473m. It held $489m in cash against $463m of debt: net cash of $26.1m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Transmedics Group, Inc.: balance sheet, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	20	21	25	26	201	395	337	489	491
Receivables	3	7	7	6	28	64	98	84	104
Inventory	9	11	12	15	21	44	47	49	54
Total current assets	35	100	147	119	252	511	497	638	651
Goodwill	—	—	—	—	—	12	12	12	12
Total assets	42	105	152	135	277	706	804	1,068	1,464
Accounts payable	5	7	1	7	3	13	10	10	13
Deferred revenue (current)	0	0	0	0	0	2	2	3	3
Total current liabilities	13	16	12	23	24	55	60	89	98
Short-term debt	—	—	—	—	—	—	—	10	20
Long-term debt	34	34	35	35	59	—	—	—	—
Total debt	35	34	35	35	60	447	450	463	474
Total liabilities	48	51	48	67	90	569	575	595	946
Shareholders' equity	−192	55	104	68	187	137	229	473	518
Non-controlling interests and other (assets − liabilities − equity)	187	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	15	14	10	10	−141	52	113	−26	−17
Shares outstanding	14m	—	27m	28m	32m	33m	34m	34m	35m

US$ millions unless shown otherwise. Fiscal quarters.

Transmedics Group, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	90	98	142	105	81	84	91	104
Inventory	52	47	43	39	45	49	50	54
Total current assets	492	497	506	558	613	638	619	651
Goodwill	12	12	12	12	12	12	12	12
Total assets	786	804	838	891	946	1,068	1,435	1,464
Accounts payable	13	10	11	10	12	10	11	13
Deferred revenue (current)	2	2	2	2	3	3	3	3
Total current liabilities	60	60	56	57	80	89	92	98
Short-term debt	—	—	—	—	5	10	15	20
Total debt	—	—	—	—	5	10	15	20
Total liabilities	576	575	571	572	591	595	941	946
Shareholders' equity	210	229	266	318	355	473	494	518
Shares outstanding	34m	34m	34m	34m	34m	34m	35m	35m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Transmedics Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Transmedics Group, Inc.