Tactile Systems Technology, Inc. (TCMD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.17	$0.36	+111.8%	—	$85.7M	—
Q4 25	$0.45	$0.46	+2.2%	—	$103.6M	—
Q2 25	$0.14	$0.14	0.0%	—	$78.9M	—
Q1 25	-$0.06	-$0.11	-83.3%	—	$61.3M	—
Q4 24	$0.28	$0.4	+42.9%	—	$85.6M	—
Q3 24	$0.17	$0.25	+47.1%	—	$73.1M	—
Q2 24	$0.14	$0.2	+42.9%	—	$73.2M	—
Q1 24	-$0.01	-$0.05	-400.0%	—	$61.1M	—
Q4 23	$0.22	$0.37	+68.2%	—	$77.7M	—
Q3 23	$0.04	$0.94	+2250.0%	—	$69.6M	—
Q2 23	-$0.02	$0.04	+300.0%	—	$68.3M	—
Q1 23	-$0.24	-$0.09	+62.5%	—	$58.8M	—
Q4 22	$0.14	$0.29	+107.1%	—	$73.9M	—
Q3 22	-$0.08	-$0.11	-37.5%	—	$65.3M	—
Q2 22	-$0.14	-$0.23	-64.3%	—	$59.6M	—
Q1 22	-$0.2	-$0.42	-110.0%	—	$48M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.83	—	—	$329.5M	—
FY24	—	$0.71	—	—	$293M	—
FY23	—	$1.24	—	—	$274.4M	—
FY22	—	-$0.89	—	—	$246.8M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$84.5M	$109.3M	$143.8M	$189.5M	$187.1M	$208.1M	$246.8M	$274.4M	$293M	$329.5M
YoY change	+34.5%	+29.3%	+31.5%	+31.8%	-1.25%	+11.2%	+18.6%	+11.2%	+6.76%	+12.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	84.5M	109.3M	143.8M	189.5M	187.1M	208.1M	246.8M	274.4M	293M	329.5M
Cost of revenue	22.9M	29M	41.5M	55.3M	54.3M	59.8M	70.8M	79.3M	76.3M	79.4M
Gross profit	61.6M	80.3M	102.3M	134.2M	132.8M	148.2M	176M	195.1M	216.7M	250.1M
Gross margin	72.9%	73.4%	71.1%	70.8%	71%	71.2%	71.3%	71.1%	74%	75.9%
Research & development	4.5M	5.1M	5.3M	5.2M	5.3M	5.7M	7.1M	7.8M	8.8M	8.5M
Selling, general & administrative	52.9M	71.3M	94M	118.4M	131M	143.6M	167.2M	169.2M	183.1M	209.9M
Operating expenses	57.3M	76.4M	99.3M	123.5M	136.2M	149.2M	174.3M	177M	192M	218.4M
Operating income	4.3M	3.9M	3M	10.5M	-3.6M	-1.8M	-12.8M	18M	22.2M	29.3M
Operating margin	5.05%	3.57%	2.08%	5.54%	-1.94%	-0.85%	-5.17%	6.57%	7.57%	8.89%
Non-operating income, net	38K	292K	486K	631K	1.4M	-531K	-2.7M	-2.3M	9K	1K
Pretax income	4.3M	4.2M	3.5M	11.1M	-2.3M	-2.3M	-15.5M	15.8M	23.5M	31.3M
Income tax	1.4M	-1.7M	-3.1M	158K	-1.6M	9.5M	2.4M	-12.7M	6.5M	12.3M
Net income	2.9M	5.9M	6.6M	11M	-620K	-11.8M	-17.9M	28.5M	17M	19.1M
Net margin	3.41%	5.36%	4.61%	5.79%	-0.33%	-5.68%	-7.24%	10.4%	5.79%	5.79%
EBITDA	5.1M	5.7M	6.7M	14M	-834K	1.9M	1.7M	24.5M	32.4M	39M
EPS	0.1	0.34	0.36	0.58	-0.03	-0.6	-0.89	1.24	0.71	0.83
Diluted EPS	0.1	0.31	0.34	0.56	-0.03	-0.6	-0.89	1.23	0.7	0.82

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	69.6M	77.7M	61.1M	73.2M	73.1M	85.6M	61.3M	78.9M	85.8M	103.6M	75.3M	85.7M
Cost of revenue	20.2M	21.6M	17.7M	19.1M	18.3M	21.2M	15.9M	20.1M	20.8M	22.6M	17.7M	20.3M
Gross profit	49.4M	56M	43.4M	54.1M	54.8M	64.4M	45.3M	58.8M	65M	81M	57.6M	65.3M
Gross margin	70.9%	72.1%	71.1%	73.9%	75%	75.2%	74%	74.5%	75.8%	78.2%	76.5%	76.3%
Research & development	2M	1.8M	2.1M	2.2M	2.4M	2M	1.7M	2M	2.2M	2.5M	2.8M	2.5M
Selling, general & administrative	42.5M	41.8M	43.6M	45.4M	45M	49.2M	47.5M	52.1M	51.3M	59.1M	55.8M	55.4M
Operating expenses	44.4M	43.6M	45.8M	47.6M	47.4M	51.2M	49.3M	54.1M	53.4M	61.6M	58.6M	57.9M
Operating income	4.9M	12.4M	-3M	5.8M	6.8M	12.5M	-4.5M	4.1M	11M	18.8M	-1.5M	6.8M
Operating margin	7.06%	15.9%	-4.85%	7.99%	9.28%	14.6%	-7.41%	5.17%	12.8%	18.1%	-2.04%	7.97%
Non-operating income, net	2.7M	-593K	155K	225K	452K	-823K	—	1K	—	0	—	—
Pretax income	7.6M	11.8M	-2.8M	6.1M	7.2M	13M	-4.1M	4.5M	11.4M	19.4M	-896K	7.4M
Income tax	-14.7M	3.6M	-600K	1.8M	2.1M	3.3M	-1.1M	1.3M	3.2M	8.8M	867K	-417K
Net income	22.3M	8.2M	-2.2M	4.3M	5.2M	9.7M	-3M	3.2M	8.2M	10.6M	-1.8M	7.8M
Net margin	32%	10.6%	-3.62%	5.87%	7.05%	11.4%	-4.85%	4.08%	9.57%	10.3%	-2.34%	9.08%
EBITDA	3.5M	13.9M	-1.3M	7.6M	8.5M	17.6M	-1.9M	6.6M	13.3M	21.1M	771K	9.2M
EPS	0.95	—	-0.09	0.18	0.21	0.4	-0.13	0.14	0.37	0.47	-0.08	0.34
Diluted EPS	0.94	—	-0.09	0.18	0.21	0.4	-0.13	0.14	0.36	0.46	-0.08	0.34

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	503M	831.4M	1.3B	869.5M	375.3M	230.4M	—	409.1M	663.3M	516.9M
Enterprise value	—	459M	785.5M	1.2B	832.3M	415.2M	264.6M	—	345.3M	580.1M	459.4M
Shares outstanding	16.8M	17.4M	18.3M	18.9M	19.3M	19.7M	20.1M	22.9M	23.9M	22.9M	22.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	85.9	125.5	116.4	—	—	—	—	24.1	34.8	21.3
P/S	—	4.6	5.78	6.74	4.65	1.8	0.93	—	1.4	2.01	1.48
P/B	—	6.91	9.31	11.3	6.97	2.93	1.9	—	1.89	3.03	2.31
EV/EBITDA	—	80.6	116.8	88.4	-997.9	214.2	158	—	10.7	14.9	11
EV/Sales	—	4.2	5.46	6.55	4.45	2	1.07	—	1.18	1.76	1.31
Earnings yield	—	1.16%	0.8%	0.86%	—	—	—	—	4.15%	2.88%	4.69%
FCF yield	—	0.07%	-0.06%	-0.27%	0.06%	0.07%	1.43%	—	9.32%	6.07%	2.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.15

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	72.9%	73.4%	71.1%	70.8%	71%	71.2%	71.3%	71.1%	74%	75.9%	76.3%
Operating margin	5.05%	3.57%	2.08%	5.54%	-1.94%	-0.85%	-5.17%	6.57%	7.57%	8.89%	7.96%
Net margin	3.41%	5.36%	4.61%	5.79%	-0.33%	-5.68%	-7.24%	10.4%	5.79%	5.79%	7.1%
ROE	4.83%	8.04%	7.42%	9.74%	-0.5%	-9.21%	-14.7%	14.7%	7.83%	8.72%	11.9%
ROA	3.89%	6.62%	6.19%	7.23%	-0.36%	-4.84%	-7.01%	10.1%	5.69%	6.97%	7.92%
ROIC	15.9%	13.5%	6.89%	13.7%	-4.14%	-1.05%	-8.2%	10.7%	10.5%	13.1%	15.2%
Return on tangible assets	4.16%	6.97%	6.87%	7.77%	-0.36%	-16%	-19.4%	22.7%	11.3%	14.3%	22.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.66	5.29	5.28	5.06	4.63	3.29	1.86	3.54	4.36	4.03	4.12
Quick ratio	4.18	4.53	4.59	4.17	3.93	2.74	1.5	2.99	3.9	3.69	3.68
Debt / equity	—	—	0	0.15	0.17	0.63	0.59	0.26	0.21	0.07	0.06
Debt / assets	—	—	0	0.11	0.12	0.33	0.28	0.18	0.15	0.06	0.05
Net debt / EBITDA	—	—	-6.82	-2.62	44.6	20.6	20.4	-1.01	-1.97	-2.13	-1.59
Interest coverage	—	—	—	—	—	—	—	—	12.3	31.2	149.8
Effective tax rate	33.2%	0%	0%	1.42%	0%	0%	0%	0%	27.8%	39.1%	33.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.02	6.3	7.88	10	9.67	10.6	12.3	12	12.3	14.4	15.6
EPS (basic)	0.1	0.34	0.36	0.58	-0.03	-0.6	-0.89	1.24	0.71	0.83	0.83
EPS (diluted)	0.1	0.31	0.34	0.56	-0.03	-0.6	-0.89	1.23	0.7	0.82	1.07
Book value per share	3.54	4.19	4.89	5.95	6.45	6.5	6.05	8.45	9.07	9.57	9.86
FCF per share	0.37	0.02	-0.03	-0.18	0.03	0.01	0.16	1.46	1.6	1.76	1.16
Cash per share	2.48	2.53	2.51	2.82	3.03	2.06	1.9	3.28	4.56	4.34	3.08
Capex per share	0.05	0.22	0.23	0.29	0.11	0.11	0.09	0.1	0.1	0.01	0.01

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.92%	3.43%	2.92%	2.87%	1.1%	1.01%	0.72%	0.85%	0.81%	0.05%	0.05%
Capex / operating cash flow	23.6%	152.8%	67.1%	-346.7%	-34.5%	153.1%	-30%	5.46%	5.53%	0.36%	0.36%
Payout ratio	285.1%	0%	0%	—	—	—	—	—	—	—	0%
Dividend yield	—	0%	0%	—	—	—	—	—	—	—	—

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$69.6M	$77.7M	$61.1M	$73.2M	$73.1M	$85.6M	$61.3M	$78.9M	$85.8M	$103.6M	$75.3M	$85.7M
YoY change	+6.63%	+5.08%	+3.81%	+7.14%	+5.04%	+10.2%	+0.29%	+7.77%	+17.3%	+21%	+22.8%	+8.61%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	41.7M	43.9M	45.9M	53.4M	58.6M	40.7M	38.1M	75.2M	108.9M	99.2M
Receivables	15M	17.6M	24.3M	33.4M	43.8M	49.5M	54.8M	43.2M	44.9M	43.9M
Inventory	6.6M	11M	11.2M	19.1M	18.6M	19.2M	23.1M	22.5M	18.7M	14M
Total current assets	64.2M	76.9M	85M	108.3M	123.6M	113.5M	119.8M	145.3M	177.6M	165.2M
Property, plant & equipment	1.6M	3.8M	4.8M	23.3M	27.1M	30.7M	27.4M	25.3M	22.2M	18.9M
Goodwill & intangibles	4.8M	4.4M	10.7M	10.6M	3.4M	170.3M	162.9M	155.6M	147.7M	140.5M
Total assets	73.9M	88.4M	107.1M	151.8M	174.1M	244.3M	255M	281.4M	297.9M	273.9M
Accounts payable	3.8M	4.3M	5.1M	3.8M	4.2M	5M	10M	6.7M	5.6M	5M
Short-term debt	—	—	—	1.5M	2M	5.5M	5.5M	5.8M	5.9M	3.2M
Total current liabilities	13.8M	14.5M	16.1M	21.4M	26.7M	34.5M	64.3M	41.1M	40.7M	41M
Long-term debt	—	—	0	15.1M	19.4M	75.1M	66.8M	44.6M	39.2M	12.8M
Total liabilities	14.3M	15.7M	17.8M	39.2M	49.3M	116M	133.6M	87.8M	81.3M	55M
Shareholders' equity	59.6M	72.8M	89.3M	112.6M	124.8M	128.2M	121.4M	193.6M	216.6M	218.9M
Total debt	—	—	0	16.6M	21.4M	80.6M	72.2M	50.4M	45.1M	16M
Net debt	—	—	-20.1M	-6.2M	-26.5M	52.4M	50.3M	-10.7M	-49.3M	-67.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	79.6M	75.2M	75M	87.2M	96.1M	108.9M	98.5M	96M	80.8M	99.2M	90.2M	84.8M
Receivables	43.9M	43.2M	40.5M	41.9M	40M	44.9M	35.7M	33.1M	37.3M	43.9M	38.2M	43.1M
Inventory	23.5M	22.5M	20.8M	18.8M	21.2M	18.7M	18.9M	17.1M	16.1M	14M	16.6M	16.8M
Total current assets	151.7M	145.3M	141.3M	151.9M	162.4M	177.6M	160.1M	153M	141.4M	165.2M	152.8M	157.6M
Property, plant & equipment	24.8M	25.3M	24.7M	23.5M	23.4M	22.2M	21.6M	20.4M	20.2M	18.9M	18.5M	18.4M
Goodwill & intangibles	157.4M	155.6M	153.7M	151.9M	149.5M	147.7M	145.9M	143.9M	142.2M	140.5M	163.7M	168.6M
Total assets	293.3M	281.4M	272M	278.8M	287.7M	297.9M	280.2M	273M	259.2M	273.9M	272.1M	279.7M
Accounts payable	6.4M	6.7M	5.5M	5.1M	7.3M	5.6M	7.2M	8M	8M	5M	7.1M	7.9M
Short-term debt	5.6M	5.8M	5.7M	5.8M	5.8M	5.9M	6M	6.1M	3.1M	3.2M	3.2M	3.1M
Total current liabilities	45.6M	41.1M	33.1M	34.2M	37.2M	40.7M	35.4M	40.4M	39.2M	41M	36M	38.3M
Long-term debt	62.6M	44.6M	43.3M	41.8M	40.7M	39.2M	37.7M	36.1M	13.6M	12.8M	11.9M	11.3M
Total liabilities	110.5M	87.8M	78.6M	78.1M	79.8M	81.3M	74.6M	78.1M	54.2M	55M	54.3M	55.8M
Shareholders' equity	182.8M	193.6M	193.5M	200.7M	207.9M	216.6M	205.6M	194.9M	204.9M	218.9M	217.9M	223.8M
Total debt	68.2M	50.4M	49M	47.6M	46.6M	45.1M	43.6M	42.2M	16.7M	16M	15.2M	14.4M
Net debt	2.2M	-10.7M	-11.7M	-26M	-35.6M	-49.3M	-40M	-39.4M	-49.2M	-67.5M	-59.8M	-55.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.9M	5.9M	6.6M	11M	-620K	-11.8M	-17.9M	28.5M	17M	19.1M
Depreciation & amortization	799K	1.8M	3.7M	3.5M	2.8M	3.7M	6.3M	6.5M	6.8M	6.6M
Stock-based compensation	1.9M	4.2M	8M	9.8M	10.7M	10.2M	9.6M	7.5M	7.8M	8.4M
Change in working capital	-1.7M	-9.6M	-5.9M	-25.8M	-15M	-10.7M	-15.7M	21.8M	10.4M	3.6M
Operating cash flow	3.3M	2.5M	6.3M	-1.6M	-6M	1.4M	-5.9M	42.6M	43M	42.8M
Capital expenditure	-775K	-3.7M	-4.2M	-5.4M	-2.1M	-2.1M	-1.8M	-2.3M	-2.4M	-155K
Investing cash flow	-11.8M	-13.9M	-9.4M	-1.8M	20.4M	-81.9M	-1.8M	-2.3M	-2.4M	-155K
Dividends paid	-8.2M	0	0	—	—	—	—	—	—	—
Share repurchases	0	-493K	0	0	—	—	—	—	-3.5M	-26.6M
Financing cash flow	28.2M	-880K	-2.4M	-3.4M	-1.9M	78.6M	-11M	4.2M	-6.5M	-52.8M
Net change in cash	19.7M	-12.4M	-5.5M	-6.8M	12.6M	-1.9M	-18.7M	44.4M	34.1M	-10.2M
Free cash flow	6.2M	372K	-539K	-3.5M	503K	276K	3.3M	33.4M	38.1M	40.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	22.3M	8.2M	-2.2M	4.3M	5.2M	9.7M	-3M	3.2M	8.2M	10.6M	-1.8M	7.8M
Depreciation & amortization	1.6M	1.6M	1.6M	1.7M	1.7M	1.7M	1.7M	1.7M	1.6M	1.6M	1.6M	1.8M
Stock-based compensation	1.8M	1.9M	2M	1.9M	2.1M	1.9M	2.1M	1.9M	1.8M	2.5M	1.8M	2.3M
Change in working capital	1.1M	3.7M	6.1M	3.3M	2.4M	-1.5M	8.5M	6.4M	-3.8M	-8.2M	6.4M	-3.7M
Operating cash flow	2.4M	16.8M	7.7M	11.1M	11M	13.2M	9.6M	14.8M	10.3M	17.3M	-339K	3.3M
Capital expenditure	-381K	-900K	-482K	-488K	-950K	-460K	-379K	—	-32K	-67K	—	—
Investing cash flow	-381K	-900K	-482K	-488K	-950K	-460K	-379K	—	-32K	-67K	-6.2M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	-10M	-16.5M	0	1K	-1.1M	-5.3M
Financing cash flow	-9.1M	-23.1M	-750K	-750K	-750K	-750K	-10.8M	-17.3M	-24.8M	1K	-1.1M	-5.3M
Net change in cash	-7.1M	-7.2M	6.4M	9.9M	9.3M	12M	-1.6M	-2.5M	-14.4M	17.2M	-7.6M	-2M
Free cash flow	3.7M	17.4M	422K	12.6M	9.3M	15.8M	10K	14.4M	9.2M	16.7M	-1.2M	1.9M

Tactile Systems Technology, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement