0001104659-26-016380
SEC filingTactile Systems Technology, Inc. (TCMD) reported FY 2025 total revenue of $329.5M, with gross profit of $250.1M reflecting a strong 76.0% gross margin. Operating expenses totaled $220.9M, including sales and marketing at $121.2M, reimbursement, general and administrative at $88.7M, research and development at $8.5M, and intangible asset amortization and earn-out at $2.4M, resulting in operating income of $29.3M. Net income reached $19.1M after $12.3M income tax expense, with diluted EPS of $1.00 on 23.3M shares. Balance sheet shows total assets of $273.9M, including $83.4M cash and $165.2M current assets, with total liabilities at $55.0M and stockholders' equity at $218.9M. Operating cash flow was robust at $42.8M, though financing activities used $51.2M primarily for stock repurchases ($26.6M) and debt payments, leading to a $10.9M net decrease in cash to $21.9M end-period. Note the discrepancy between balance sheet cash ($83.4M) and cash flow statement end cash ($21.9M), indicating potential classification differences. Strong profitability and cash generation support ongoing shareholder returns amid controlled investment spending.
Tactile Systems Technology, Inc. delivered FY 2025 results with total revenue of $329.5M and cost of revenue $79.4M, yielding gross profit of $250.1M. Total operating expenses reached $220.9M, comprising sales and marketing $121.2M (36.8% of revenue), reimbursement/general/administrative $88.7M, R&D $8.5M, and intangible amortization/earn-out $2.4M. This produced operating income of $29.3M. Interest income $3.1M offset interest expense $1.0M, with other income $1K, leading to pre-tax income of $31.3M. After $12.3M tax expense, net income was $19.1M. Basic and diluted EPS both $1 on 22.9M basic and 23.3M diluted shares. Balance sheet reflects strength with $273.9M total assets, $218.9M equity, and low $55.0M liabilities. No prior year figures disclosed for direct YoY comparison.
Total revenue reported as $329.5M for FY 2025 period ending December 31, 2025. No breakdown by products/services, sales vs. rental revenue, or geographic segments disclosed in the filing. XBRL data shows no dimensional segmentation by Products and Services axis or domain. Growth drivers and prior period comparisons not explicitly stated in provided content.
Gross margin strong at 76.0% ($250.1M gross profit / $329.5M revenue). Operating margin 8.9% ($29.3M / $329.5M revenue). Cost of revenue controlled at 24.1% of revenue ($79.4M). Operating expenses represent 67.1% of revenue, with sales/marketing as largest component at 36.8%. No prior year margins for trend analysis. Pre-tax margin 9.5%; net margin 5.8% after taxes. No disclosed changes in cost structure.
Net cash from operations $42.8M, driven by $19.1M net income plus $6.6M depreciation/amortization, $8.5M deferred taxes, $8.4M stock compensation, offset by working capital changes like -$4.6M inventories and +$6.9M prepaids. Investing used $2.5M mainly on $2.4M property/equipment. Financing activities net -$51.2M, including $26.6M stock repurchases, $26.2M note payments, $25.0M revolver paydown, offset by $34.6M stock issuance and $8.2M note proceeds. Net cash decrease $10.9M; cash end-period $21.9M per cash flow (vs. $83.4M on balance sheet, possibly different classifications). Liquidity solid with $165.2M current assets vs. $41.0M current liabilities. Debt: $3.0M current note + $23.2M non-current = $26.2M total.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing content. Forward-looking statements absent from extracted sections.