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Stocks · Health care · Services-Offices & Clinics of Doctors of Medicine

Teladoc Health, Inc.

TDOC Clue Score47
United States Fiscal year ends December CIK 0001477449
$5.77 +4.15% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $5.77 −95.55% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.12Operating income−0.06Net income−0.07Fiscal year 2017Revenue0.23 +89.4%Operating income−0.08Net income−0.11Fiscal year 2018Revenue0.42 +79.1%Operating income−0.07Net income−0.10Fiscal year 2019Revenue0.55 +32.4%Operating income−0.08Net income−0.10EPS, diluted−1.38Fiscal year 2020Revenue1.09 +97.7%Operating income−0.51Net income−0.49EPS, diluted−5.36Fiscal year 2021Revenue2.03 +85.8%Operating income−0.27Net income−0.43EPS, diluted−2.73Fiscal year 2022Revenue2.41 +18.4%Operating income−13.65Net income−13.66EPS, diluted−84.60Fiscal year 2023Revenue2.60 +8.1%Operating income−0.25Net income−0.22EPS, diluted−1.34Fiscal year 2024Revenue2.57 −1.3%Operating income−1.02Net income−1.00EPS, diluted−5.87Fiscal year 2025Revenue2.53 −1.5%Operating income−0.26Net income−0.20EPS, diluted−1.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.12 0.23 0.42 0.55 1.09 2.03 2.41 2.60 2.57 2.53
Growth +89.4% +79.1% +32.4% +97.7% +85.8% +18.4% +8.1% −1.3% −1.5%
Operating income −0.06 −0.08 −0.07 −0.08 −0.51 −0.27 −13.65 −0.25 −1.02 −0.26
Net income −0.07 −0.11 −0.10 −0.10 −0.49 −0.43 −13.66 −0.22 −1.00 −0.20
Growth
EPS, diluted n/a n/a n/a −1.38 −5.36 −2.73 −84.60 −1.34 −5.87 −1.14

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin74.0%Operating margin−50.9%Net margin−60.3%Free cash flow margin−43.8%Fiscal year 2017Gross margin73.6%Operating margin−32.3%Net margin−45.8%Free cash flow margin−15.9%Fiscal year 2018Gross margin69.2%Operating margin−17.0%Net margin−23.2%Free cash flow margin−2.1%Fiscal year 2019Operating margin−14.5%Net margin−17.9%Free cash flow margin4.8%Fiscal year 2020Operating margin−46.3%Net margin−44.3%Free cash flow margin−5.3%Fiscal year 2021Operating margin−13.1%Net margin−21.1%Free cash flow margin9.1%Fiscal year 2022Operating margin−567.3%Net margin−567.5%Free cash flow margin7.2%Fiscal year 2023Operating margin−9.6%Net margin−8.5%Free cash flow margin13.0%Fiscal year 2024Operating margin−39.7%Net margin−39.0%Free cash flow margin11.0%Fiscal year 2025Operating margin−10.4%Net margin−7.9%Free cash flow margin11.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 74.0% 73.6% 69.2% n/a n/a n/a n/a n/a n/a n/a
Operating margin −50.9% −32.3% −17.0% −14.5% −46.3% −13.1% −567.3% −9.6% −39.7% −10.4%
Net margin −60.3% −45.8% −23.2% −17.9% −44.3% −21.1% −567.5% −8.5% −39.0% −7.9%
Free cash flow margin −43.8% −15.9% −2.1% 4.8% −5.3% 9.1% 7.2% 13.0% 11.0% 11.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.05Capital expenditure−0.00Free cash flow−0.05Fiscal year 2017Operating cash flow−0.03Capital expenditure−0.00Free cash flow−0.04Fiscal year 2018Operating cash flow−0.00Capital expenditure−0.00Free cash flow−0.01Fiscal year 2019Operating cash flow0.03Capital expenditure−0.00Free cash flow0.03Fiscal year 2020Operating cash flow−0.05Capital expenditure−0.00Free cash flow−0.06 −318.3%Fiscal year 2021Operating cash flow0.19Capital expenditure−0.01Free cash flow0.19Fiscal year 2022Operating cash flow0.19Capital expenditure−0.02Free cash flow0.17 −6.8%Fiscal year 2023Operating cash flow0.35Capital expenditure−0.01Free cash flow0.34 +95.9%Fiscal year 2024Operating cash flow0.29Capital expenditure−0.01Free cash flow0.28 −16.4%Fiscal year 2025Operating cash flow0.29Capital expenditure−0.01Free cash flow0.29 +0.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.05 −0.03 −0.00 0.03 −0.05 0.19 0.19 0.35 0.29 0.29
Capital expenditure −0.00 −0.00 −0.00 −0.00 −0.00 −0.01 −0.02 −0.01 −0.01 −0.01
Free cash flow −0.05 −0.04 −0.01 0.03 −0.06 0.19 0.17 0.34 0.28 0.29
Growth −318.3% −6.8% +95.9% −16.4% +0.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.05Total debt0.04Net cash (debt)0.01Shareholders’ equity0.23Debt to equity0.19Fiscal year 2017Cash0.04Shareholders’ equity0.56Fiscal year 2018Cash0.42Shareholders’ equity1.01Fiscal year 2019Cash0.51Total debt0.00Net cash (debt)0.51Shareholders’ equity1.01Debt to equity0.00Fiscal year 2020Cash0.73Total debt0.04Net cash (debt)0.69Shareholders’ equity15.88Debt to equity0.00Fiscal year 2021Cash0.89Total debt0.00Net cash (debt)0.89Shareholders’ equity16.05Debt to equity0.00Fiscal year 2022Cash0.92Shareholders’ equity2.31Fiscal year 2023Cash1.12Shareholders’ equity2.33Fiscal year 2024Cash1.30Shareholders’ equity1.49Fiscal year 2025Cash0.78Shareholders’ equity1.39
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.05 0.04 0.42 0.51 0.73 0.89 0.92 1.12 1.30 0.78
Total debt 0.04 n/a n/a 0.00 0.04 0.00 n/a n/a n/a n/a
Net cash (debt) 0.01 n/a n/a 0.51 0.69 0.89 n/a n/a n/a n/a
Shareholders’ equity 0.23 0.56 1.01 1.01 15.88 16.05 2.31 2.33 1.49 1.39
Debt to equity 0.19 n/a n/a 0.00 0.00 0.00 n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
74.0% 73.6% 69.2% n/a n/a n/a n/a n/a n/a n/a
−50.9% −32.3% −17.0% −14.5% −46.3% −13.1% −567.3% −9.6% −39.7% −10.4%
−59.8% −45.9% −23.2% −19.8% −52.7% −18.9% −567.7% −8.4% −38.7% −9.3%
−60.3% −45.8% −23.2% −17.9% −44.3% −21.1% −567.5% −8.5% −39.0% −7.9%
−43.8% −15.9% −2.1% 4.8% −5.3% 9.1% 7.2% 13.0% 11.0% 11.3%
Spending
17.7% 14.8% 13.0% 11.7% 15.1% 15.3% 13.9% 13.4% 12.0% 11.0%
39.4% 34.2% 28.0% 29.7% 46.3% 21.5% 18.7% 17.9% 16.9% 17.1%
1.7% 1.1% 1.0% 0.6% 0.4% 0.4% 0.7% 0.4% 0.4% 0.4%
Returns
−32.1% −19.1% −9.6% −9.7% −3.1% −2.7% −591.9% −9.5% −67.1% −14.5%
−24.4% −13.0% −6.4% −6.2% −2.7% −2.4% −314.3% −5.0% −28.5% −7.0%
Balance and payout
0.19 n/a n/a 0.00 0.00 0.00 n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a n/a 47.0% 57.6% 51.5%