TCMD (TCMD) financial statements
TCMD reported revenue of $330M in fiscal 2025, up 16.3% a year over 9 years.
Net income was $19M and the operating margin 8.9%, against 5.1% in 2016.
Free cash flow was $40M, and the company returned $27M in net buybacks.
The diluted share count rose 117% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TCMD's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85M | $109M | $144M | $189M | $187M | $208M | $247M | $274M | $293M | $330M |
| Cost of revenue | $23M | $29M | $41M | $55M | $54M | $60M | $71M | $79M | $76M | $79M |
| Gross profit | $62M | $80M | $102M | $134M | $133M | $148M | $176M | $195M | $217M | $250M |
| Research and development | $4M | $5M | $5M | $5M | $5M | $6M | $7M | $8M | $9M | $8M |
| Selling, general and admin | $53M | $71M | $94M | $118M | $131M | $144M | $167M | $169M | $183M | $210M |
| Operating income | $4M | $4M | $3M | $10M | -$4M | -$2M | -$13M | $18M | $22M | $29M |
| Interest expense | — | — | — | — | — | — | $3M | $4M | $2M | $1M |
| Pre-tax income | $4M | $4M | $3M | $11M | -$2M | -$2M | -$15M | $16M | $23M | $31M |
| Income tax | $1M | -$2M | -$3M | $158,000 | -$2M | $10M | $2M | -$13M | $7M | $12M |
| Net income | $3M | $6M | $7M | $11M | -$620,000 | -$12M | -$18M | $29M | $17M | $19M |
| EPS (diluted) | $0.15 | $0.31 | $0.34 | $0.56 | -$0.03 | -$0.60 | -$0.89 | $1.23 | $0.70 | $0.82 |
| Diluted shares | 11M | 19M | 19M | 20M | 19M | 20M | 20M | 23M | 24M | 23M |
| Gross margin | 72.9% | 73.4% | 71.1% | 70.8% | 71.0% | 71.2% | 71.3% | 71.1% | 74.0% | 75.9% |
| Operating margin | 5.1% | 3.6% | 2.1% | 5.5% | -1.9% | -0.8% | -5.2% | 6.6% | 7.6% | 8.9% |
| Net margin | 3.4% | 5.4% | 4.6% | 5.8% | -0.3% | -5.7% | -7.2% | 10.4% | 5.8% | 5.8% |
Balance sheet
Fiscal years, from TCMD's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $42M | $44M | $49M | $45M | $48M | $28M | $22M | $61M | $94M | $83M |
| Receivables | $15M | $18M | $24M | $33M | $44M | $49M | $55M | $43M | $45M | $44M |
| Inventory | $7M | $11M | $11M | $19M | $19M | $19M | $23M | $23M | $19M | $14M |
| Total current assets | $64M | $77M | $85M | $108M | $124M | $114M | $120M | $145M | $178M | $165M |
| Property, plant and equipment | $2M | $4M | $5M | $7M | $7M | $7M | $6M | $6M | $6M | $5M |
| Goodwill | — | — | — | — | — | $31M | $31M | $31M | $31M | $31M |
| Total assets | $74M | $88M | $107M | $152M | $174M | $244M | $255M | $281M | $298M | $274M |
| Total current liabilities | $14M | $15M | $16M | $21M | $27M | $34M | $64M | $41M | $41M | $41M |
| Total liabilities | $14M | $16M | $18M | $39M | $49M | $116M | $134M | $88M | $81M | $55M |
| Shareholders' equity | $60M | $73M | $89M | $113M | $125M | $128M | $121M | $194M | $217M | $219M |
| Net debt | -$31M | -$24M | -$23M | -$23M | -$48M | -$28M | -$22M | -$61M | -$94M | -$83M |
Cash flow
Fiscal years, from TCMD's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7M | $4M | $9M | $3M | $3M | $3M | $5M | $36M | $41M | $43M |
| Capital spending | $775,000 | $4M | $4M | $5M | $2M | $2M | $2M | $2M | $2M | $2M |
| Free cash flow | $6M | $446,000 | $5M | -$3M | $735,000 | $528,000 | $3M | $34M | $38M | $40M |
| Stock-based compensation | $2M | $4M | $8M | $10M | $11M | $10M | $10M | $8M | $8M | $8M |
| Share buybacks (net) | — | -$493,000 | — | — | — | — | — | — | -$4M | -$27M |
| Free cash flow margin | 7.4% | 0.4% | 3.3% | -1.5% | 0.4% | 0.3% | 1.4% | 12.2% | 13.1% | 12.3% |
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Open TCMD in InvestinglyQuestions
What was TCMD's revenue in 2025?
$330M in fiscal 2025, from its 10-K filing.
How much free cash flow does TCMD generate?
$40M in fiscal 2025 (operating cash flow minus capital spending).
From TCMD's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.