Stocks · Health care · Surgical & Medical Instruments & Apparatus

TANDEM DIABETES CARE INC

TNDM Clue Score37
United States Fiscal year ends December CIK 0001438133
$16.11 +2.78% Close, 9 Oct 2026
Price $16.11 −87.45% 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 2016Revenue84.2Operating income−78.1Net income−83.4Fiscal year 2017Revenue107.6 +27.7%Operating income−62.9Net income−73.0Fiscal year 2018Revenue183.9 +70.9%Operating income−44.6Net income−122.6Fiscal year 2019Revenue362.3 +97.0%Operating income−16.7Net income−24.8EPS, diluted−0.42Fiscal year 2020Revenue498.8 +37.7%Operating income−8.0Net income−34.4EPS, diluted−0.56Fiscal year 2021Revenue702.8 +40.9%Operating income22.7Net income15.6EPS, diluted0.24Fiscal year 2022Revenue801.2 +14.0%Operating income−92.8Net income−94.6 −707.7%EPS, diluted−1.47 −712.5%Fiscal year 2023Revenue747.7 −6.7%Operating income−233.2Net income−222.6EPS, diluted−3.43Fiscal year 2024Revenue940.2 +25.7%Operating income−99.1Net income−96.0EPS, diluted−1.47Fiscal year 2025Revenue1,014.7 +7.9%Operating income−187.3Net income−204.7EPS, diluted−3.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 84.2 107.6 183.9 362.3 498.8 702.8 801.2 747.7 940.2 1,014.7
Growth +27.7% +70.9% +97.0% +37.7% +40.9% +14.0% −6.7% +25.7% +7.9%
Operating income −78.1 −62.9 −44.6 −16.7 −8.0 22.7 −92.8 −233.2 −99.1 −187.3
Net income −83.4 −73.0 −122.6 −24.8 −34.4 15.6 −94.6 −222.6 −96.0 −204.7
Growth −707.7%
EPS, diluted n/a n/a n/a −0.42 −0.56 0.24 −1.47 −3.43 −1.47 −3.04
Growth −712.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin28.0%Operating margin−92.6%Net margin−99.0%Free cash flow margin−83.2%Fiscal year 2017Gross margin41.0%Operating margin−58.5%Net margin−67.9%Free cash flow margin−66.8%Fiscal year 2018Gross margin48.9%Operating margin−24.3%Net margin−66.7%Free cash flow margin−6.1%Fiscal year 2019Gross margin53.6%Operating margin−4.6%Net margin−6.8%Free cash flow margin6.2%Fiscal year 2020Gross margin52.2%Operating margin−1.6%Net margin−6.9%Free cash flow margin−0.5%Fiscal year 2021Gross margin53.5%Operating margin3.2%Net margin2.2%Free cash flow margin13.8%Fiscal year 2022Gross margin51.5%Operating margin−11.6%Net margin−11.8%Free cash flow margin2.0%Fiscal year 2023Gross margin49.2%Operating margin−31.2%Net margin−29.8%Free cash flow margin−7.8%Fiscal year 2024Gross margin52.1%Operating margin−10.5%Net margin−10.2%Free cash flow margin0.5%Fiscal year 2025Gross margin53.8%Operating margin−18.5%Net margin−20.2%Free cash flow margin−2.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 28.0% 41.0% 48.9% 53.6% 52.2% 53.5% 51.5% 49.2% 52.1% 53.8%
Operating margin −92.6% −58.5% −24.3% −4.6% −1.6% 3.2% −11.6% −31.2% −10.5% −18.5%
Net margin −99.0% −67.9% −66.7% −6.8% −6.9% 2.2% −11.8% −29.8% −10.2% −20.2%
Free cash flow margin −83.2% −66.8% −6.1% 6.2% −0.5% 13.8% 2.0% −7.8% 0.5% −2.9%

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−61.2Capital expenditure−8.9Free cash flow−70.1Fiscal year 2017Operating cash flow−66.1Capital expenditure−5.7Free cash flow−71.9Fiscal year 2018Operating cash flow−8.3Capital expenditure−3.0Free cash flow−11.3Fiscal year 2019Operating cash flow41.9Capital expenditure−19.5Free cash flow22.4Fiscal year 2020Operating cash flow24.7Capital expenditure−27.4Free cash flow−2.7 −112.2%Fiscal year 2021Operating cash flow111.4Capital expenditure−14.2Free cash flow97.2Fiscal year 2022Operating cash flow50.5Capital expenditure−34.1Free cash flow16.4 −83.2%Buybacks0.0Fiscal year 2023Operating cash flow−31.8Capital expenditure−26.8Free cash flow−58.6 −458.1%Buybacks0.0Fiscal year 2024Operating cash flow24.2Capital expenditure−19.2Free cash flow5.0Buybacks−30.0Fiscal year 2025Operating cash flow−9.7Capital expenditure−19.9Free cash flow−29.7 −694.1%Buybacks0.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −61.2 −66.1 −8.3 41.9 24.7 111.4 50.5 −31.8 24.2 −9.7
Capital expenditure −8.9 −5.7 −3.0 −19.5 −27.4 −14.2 −34.1 −26.8 −19.2 −19.9
Free cash flow −70.1 −71.9 −11.3 22.4 −2.7 97.2 16.4 −58.6 5.0 −29.7
Growth −112.2% −83.2% −458.1% −694.1%
Buybacks n/a n/a n/a n/a n/a n/a 0.0 0.0 −30.0 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash44.7Total debt81.1Net cash (debt)−36.4Shareholders’ equity−5.9Fiscal year 2017Cash13.7Total debt82.7Net cash (debt)−69.0Shareholders’ equity−29.1Fiscal year 2018Cash41.8Shareholders’ equity131.3Fiscal year 2019Cash51.2Shareholders’ equity195.0Fiscal year 2020Cash94.6Shareholders’ equity366.3Fiscal year 2021Cash71.2Shareholders’ equity433.1Fiscal year 2022Cash172.5Shareholders’ equity439.9Fiscal year 2023Cash58.9Total debt285.0Net cash (debt)−226.2Shareholders’ equity313.6Debt to equity0.91Fiscal year 2024Cash69.2Total debt348.9Net cash (debt)−279.7Shareholders’ equity263.1Debt to equity1.33Fiscal year 2025Cash90.6Total debt310.0Net cash (debt)−219.4Shareholders’ equity155.2Debt to equity2.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 44.7 13.7 41.8 51.2 94.6 71.2 172.5 58.9 69.2 90.6
Total debt 81.1 82.7 n/a n/a n/a n/a n/a 285.0 348.9 310.0
Net cash (debt) −36.4 −69.0 n/a n/a n/a n/a n/a −226.2 −279.7 −219.4
Shareholders’ equity −5.9 −29.1 131.3 195.0 366.3 433.1 439.9 313.6 263.1 155.2
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.91 1.33 2.00

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

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. 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
Operations
−61.2 −66.1 −8.3 41.9 24.7 111.4 50.5 −31.8 24.2 −9.7
Growth −41.1% +351.4% −54.7% −163.0% −140.1%
5.5 6.9 5.8 6.1 10.5 13.8 14.3 15.7 16.6 17.7
Investment
−8.9 −5.7 −3.0 −19.5 −27.4 −14.2 −34.1 −26.8 −19.2 −19.9
calc −70.1 −71.9 −11.3 22.4 −2.7 97.2 16.4 −58.6 5.0 −29.7
Growth −112.2% −83.2% −458.1% −694.1%
calc n/a n/a n/a 0.38 −0.04 1.51 0.26 −0.90 0.08 −0.44
10.4 2.8 −90.7 −57.0 −296.1 −186.9 33.2 −85.7 −23.5 72.9
Financing
52.3 40.4 117.2 24.2 314.4 51.9 16.9 4.1 8.4 −43.4
n/a n/a n/a n/a n/a n/a 0.0 0.0 −30.0 0.0

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.