Tandem Diabetes Care Inc income statement
In fiscal 2025, Tandem Diabetes Care Inc reported revenue of $1.01bn, up 7.9% on the year before, operating income of −$187m (a -18.5% margin) and net income of −$205m, or −$3.04 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 | 2012Dec 2012 | 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 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 29 | 50 | 73 | 84 | 108 | 184 | 362 | 499 | 703 | 801 | 748 | 940 | 1,015 | 1,041 |
| Cost of revenue | 4 | 23 | 34 | 46 | 61 | 64 | 94 | 168 | 238 | 327 | 388 | 380 | 451 | 469 | 458 |
| Gross profit | −1 | 6 | 15 | 27 | 24 | 44 | 90 | 194 | 261 | 376 | 413 | 368 | 490 | 546 | 583 |
| Research and development | 9 | 11 | 16 | 17 | 19 | 21 | 29 | 45 | 64 | 92 | 139 | 170 | 199 | 193 | 188 |
| Selling, general and administrative | 23 | 45 | 75 | 79 | 83 | 86 | 105 | 166 | 205 | 262 | 336 | 353 | 390 | 445 | 441 |
| Operating income | −33 | −49 | −76 | −69 | −78 | −63 | −45 | −17 | −8 | 23 | −93 | −233 | −99 | −187 | −46 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | 6 | 10 | 7 | 8 | 9 |
| Income before tax | −33 | −63 | −79 | −72 | −83 | −73 | −123 | −25 | −36 | 16 | −93 | −220 | −92 | −200 | −61 |
| Income tax | — | — | 0 | 0 | −0 | 0 | 0 | 0 | −2 | 0 | 2 | 2 | 4 | 4 | 2 |
| Net income | −33 | −63 | −80 | −72 | −83 | −73 | −123 | −25 | −34 | 16 | −95 | −223 | −96 | −205 | −63 |
| Diluted EPS | −$1.83 | −$3.35 | −$0.43 | −$3.13 | −$3.41 | −$1.61 | −$2.55 | −$0.42 | −$0.56 | $0.24 | −$1.47 | −$3.43 | −$1.47 | −$3.04 | −$0.93 |
| Diluted shares (average) | 18m | 19m | 19m | 23m | 24m | 45m | 48m | 59m | 61m | 64m | 64m | 65m | 65m | 67m | 68m |
| EBITDA | −31 | −46 | −71 | −64 | −73 | −56 | −39 | −11 | 2 | 36 | −79 | −218 | −83 | −170 | −28 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 244 | 283 | 234 | 241 | 249 | 290 | 247 | 255 |
| Cost of revenue | 119 | 125 | 116 | 115 | 115 | 123 | 110 | 110 |
| Gross profit | 125 | 157 | 118 | 126 | 134 | 167 | 137 | 145 |
| Research and development | 51 | 52 | 50 | 48 | 49 | 46 | 46 | 47 |
| Selling, general and administrative | 100 | 106 | 114 | 110 | 108 | 113 | 108 | 112 |
| Operating income | −26 | −1 | −121 | −52 | −23 | 8 | −17 | −14 |
| Interest expense | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Income before tax | −23 | 0 | −122 | −58 | −25 | 5 | −20 | −21 |
| Income tax | 1 | −1 | 8 | −5 | −4 | 5 | 1 | 1 |
| Net income | −23 | 1 | −131 | −52 | −21 | −1 | −20 | −21 |
| Diluted EPS | −$0.35 | $0.01 | −$1.97 | −$0.78 | −$0.31 | −$0.01 | −$0.30 | −$0.31 |
| EBITDA | −22 | 4 | −117 | −47 | −18 | 13 | −13 | −9 |
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