TMCI (TMCI) financial statements
TMCI reported revenue of $213M in fiscal 2025, up 32.4% a year over 6 years.
Net income was -$59M and the operating margin -25.5%, against -9.0% in 2019.
Free cash flow was -$29M.
The diluted share count rose 71% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TMCI's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $39M | $57M | $94M | $142M | $187M | $209M | $213M |
| Cost of revenue | $8M | $12M | $17M | $26M | $35M | $41M | $43M |
| Gross profit | $32M | $45M | $78M | $116M | $152M | $168M | $170M |
| Research and development | $5M | $6M | $10M | $14M | $15M | $21M | $20M |
| Selling, general and admin | $30M | $38M | $84M | $138M | $188M | $203M | $204M |
| Operating income | -$4M | $855,000 | -$17M | -$35M | -$51M | -$56M | -$54M |
| Interest expense | $841,000 | $3M | $4M | $4M | $5M | $5M | $5M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$4M | -$4M | -$21M | -$43M | -$50M | -$56M | -$59M |
| EPS (diluted) | -$0.13 | -$0.12 | -$0.43 | -$0.77 | -$0.81 | -$0.90 | -$0.93 |
| Diluted shares | 37M | 37M | 48M | 55M | 61M | 62M | 63M |
| Gross margin | 80.6% | 78.3% | 82.1% | 82.0% | 81.2% | 80.4% | 79.8% |
| Operating margin | -9.0% | 1.5% | -17.5% | -24.6% | -27.5% | -26.6% | -25.5% |
| Net margin | -10.8% | -6.4% | -21.8% | -30.2% | -26.5% | -26.6% | -27.7% |
Balance sheet
Fiscal years, from TMCI's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $18M | $106M | $81M | $123M | $76M | $48M |
| Receivables | — | $14M | $19M | $29M | $38M | $41M | $42M |
| Inventory | — | $8M | $11M | $19M | $29M | $39M | $36M |
| Total current assets | — | $41M | $138M | $133M | $198M | $161M | $132M |
| Property, plant and equipment | — | $829,000 | $3M | $15M | $22M | $26M | $30M |
| Goodwill | — | — | — | $0 | $13M | $13M | $13M |
| Total assets | — | $42M | $141M | $159M | $252M | $217M | $191M |
| Total current liabilities | — | $12M | $18M | $30M | $45M | $35M | $31M |
| Long-term debt | — | $29M | $29M | $53M | $53M | $53M | $56M |
| Total liabilities | — | $41M | $48M | $98M | $114M | $104M | $103M |
| Shareholders' equity | $3M | $776,000 | $93M | $61M | $138M | $113M | $87M |
| Net debt | -$12M | $13M | -$76M | $33M | $40M | $42M | $45M |
Cash flow
Fiscal years, from TMCI's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8M | -$4M | -$17M | -$31M | -$35M | -$37M | -$16M |
| Capital spending | $1M | $1M | $3M | $15M | $11M | $12M | $14M |
| Free cash flow | -$9M | -$6M | -$20M | -$45M | -$46M | -$49M | -$29M |
| Stock-based compensation | $815,000 | $919,000 | $3M | $8M | $17M | $31M | $34M |
| Net borrowing | — | $2M | -$2M | $0 | $0 | — | — |
| Free cash flow margin | -22.5% | -9.7% | -21.1% | -32.1% | -24.6% | -23.3% | -13.9% |
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Open TMCI in InvestinglyQuestions
What was TMCI's revenue in 2025?
$213M in fiscal 2025, from its 10-K filing.
How much free cash flow does TMCI generate?
-$29M in fiscal 2025 (operating cash flow minus capital spending).
From TMCI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.