What is Tactile Systems Technology's operating income?

Tactile Systems Technology's total operating income in 2025 was $29.28 million, based on the following breakdown: Total Gross Profit: $250.15 million Total Operating Expenses: $220.87 million

Tactile Systems Technology (TCMD) Financials

$29.04 -0.79 (-2.65%)

Closing price 07/13/2026 04:00 PM Eastern

Extended Trading

$30.62 +1.58 (+5.44%)

As of 07:56 AM Eastern

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Annual Income Statements for Tactile Systems Technology

This table shows Tactile Systems Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.45	1.63	5.86	6.62	11	-0.62	-12	-18	29	17	19
Consolidated Net Income / (Loss)	1.39	2.88	5.86	6.62	11	-0.62	-12	-18	29	17	19
Net Income / (Loss) Continuing Operations	1.39	2.88	5.86	6.62	11	-0.62	-12	-18	29	17	19
Total Pre-Tax Income	3.26	4.31	4.19	3.48	11	-2.26	-2.29	-15	16	23	31
Total Operating Income	3.45	4.27	3.90	2.99	10	-3.63	-1.76	-13	18	22	29
Total Gross Profit	46	62	80	102	134	133	148	176	195	217	250
Total Revenue	63	85	109	144	189	187	208	247	274	293	330
Operating Revenue	63	85	109	144	189	187	208	247	274	293	330
Total Cost of Revenue	17	23	29	41	55	54	60	71	79	76	79
Operating Cost of Revenue	17	23	29	41	55	54	60	71	79	76	79
Total Operating Expenses	43	57	76	99	124	136	150	189	177	195	221
Selling, General & Admin Expense	14	19	27	34	39	51	57	61	62	71	89
Marketing Expense	24	34	44	60	79	80	87	106	107	112	121
Research & Development Expense	4.31	4.48	5.06	5.29	5.17	5.26	5.66	7.09	7.82	8.83	8.48
Amortization Expense	-	-	-	-	0.19	0.20	0.74	14	0.08	2.53	2.44
Total Other Income / (Expense), net	-0.19	0.04	0.29	0.49	0.63	1.37	-0.53	-2.72	-2.27	1.31	2.06
Interest Expense	-	-	-	-	-	-	-	2.79	4.15	2.09	1.04
Interest & Investment Income	-	-	-	-	-	-	-	0.06	1.87	3.38	3.10
Other Income / (Expense), net	-0.19	0.04	0.29	0.49	0.63	1.37	-0.53	0.01	0.00	0.01	0.00
Income Tax Expense	1.86	1.43	-1.67	-3.15	0.16	-1.64	9.52	2.39	-13	6.53	12
Weighted Average Basic Shares Outstanding	2.93M	8.91M	17.36M	18.25M	18.92M	19.35M	19.72M	20.07M	22.93M	23.88M	22.87M
Weighted Average Diluted Shares Outstanding	2.93M	10.76M	18.88M	19.35M	19.64M	19.35M	19.72M	20.07M	23.18M	24.14M	23.30M
Weighted Average Basic & Diluted Shares Outstanding	3M	9.10M	17.20M	18.40M	19.15M	19.51M	19.88M	20.25M	23.60M	23.59M	22.44M

This table shows Tactile Systems Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	22	8.20	-2.21	4.30	5.16	9.72	-2.97	3.22	8.21	11	-1.76
Consolidated Net Income / (Loss)	22	8.20	-2.21	4.30	5.16	9.72	-2.97	3.22	8.21	11	-1.76
Net Income / (Loss) Continuing Operations	22	8.20	-2.21	4.30	5.16	9.72	-2.97	3.22	8.21	11	-1.76
Total Pre-Tax Income	7.59	12	-2.81	6.07	7.23	13	-4.07	4.52	11	19	-0.90
Total Operating Income	7.99	12	-2.96	5.85	6.78	13	-4.54	4.08	11	19	-1.53
Total Gross Profit	49	56	43	54	55	64	45	59	65	81	58
Total Revenue	70	78	61	73	73	86	61	79	86	104	75
Operating Revenue	70	78	61	73	73	86	61	79	86	104	75
Total Cost of Revenue	20	22	18	19	18	21	16	20	21	23	18
Operating Cost of Revenue	20	22	18	19	18	21	16	20	21	23	18
Total Operating Expenses	41	44	46	48	48	52	50	55	54	62	59
Selling, General & Admin Expense	16	15	16	17	18	20	20	22	21	25	23
Marketing Expense	26	27	27	29	27	29	28	30	30	34	33
Research & Development Expense	1.96	1.79	2.14	2.23	2.42	2.04	1.74	2.02	2.19	2.53	2.78
Amortization Expense	-3.07	0.63	0.63	0.63	0.63	0.63	0.63	0.62	0.60	0.60	0.60
Total Other Income / (Expense), net	-0.40	-0.04	0.16	0.23	0.45	0.48	0.47	0.44	0.47	0.67	0.64
Interest Expense	-	-	0.57	0.53	0.52	-	0.42	0.41	0.19	0.01	0.03
Interest & Investment Income	-	-	0.71	0.75	0.97	-	0.90	0.85	0.67	0.69	0.67
Income Tax Expense	-15	3.56	-0.60	1.78	2.08	3.28	-1.10	1.31	3.23	8.82	0.87
Weighted Average Basic Shares Outstanding	23.48M	22.93M	23.67M	23.87M	23.99M	23.88M	23.71M	23.09M	22.32M	22.87M	22.56M
Weighted Average Diluted Shares Outstanding	23.85M	23.18M	23.67M	24.10M	24.25M	24.14M	23.71M	23.24M	22.51M	23.30M	22.56M
Weighted Average Basic & Diluted Shares Outstanding	23.50M	23.60M	23.76M	23.97M	24.00M	23.59M	23.25M	22.29M	22.34M	22.44M	22.56M

This table details how cash moves in and out of Tactile Systems Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1.64	24	-6.73	-3.87	2.67	25	-20	-6.30	39	33	-11
Net Cash From Operating Activities	2.40	7.03	4.19	9.01	2.51	2.79	2.63	5.21	36	41	43
Net Cash From Continuing Operating Activities	2.40	7.03	4.19	9.01	2.51	2.79	2.63	5.21	36	41	43
Net Income / (Loss) Continuing Operations	1.39	2.88	5.86	6.62	11	-0.62	-12	-18	29	17	19
Consolidated Net Income / (Loss)	1.39	2.88	5.86	6.62	11	-0.62	-12	-18	29	17	19
Depreciation Expense	0.83	0.80	1.80	3.74	3.54	2.79	3.68	6.27	6.54	6.79	6.64
Non-Cash Adjustments To Reconcile Net Income	0.41	1.89	4.24	11	3.46	13	8.83	18	7.08	7.97	7.08
Changes in Operating Assets and Liabilities, net	-0.23	1.47	-7.75	-12	-15	-12	1.93	-1.18	-6.28	8.93	10
Net Cash From Investing Activities	-0.62	-12	-14	-15	-2.34	20	-82	-1.91	-2.48	-2.50	-2.54
Net Cash From Continuing Investing Activities	-0.62	-12	-14	-15	-2.34	20	-82	-1.91	-2.48	-2.50	-2.54
Purchase of Property, Plant & Equipment	-0.59	-0.78	-3.75	-4.20	-5.45	-2.06	-2.10	-1.78	-2.32	-2.39	-2.38
Acquisitions	-0.02	-0.06	-0.07	-5.35	-0.54	-0.23	-80	-0.14	-0.16	-0.12	-0.16
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	0.00	0.01	0.00	0.01	0.00
Net Cash From Financing Activities	-0.14	28	3.09	1.85	2.50	2.11	60	-9.60	5.73	-4.82	-51
Net Cash From Continuing Financing Activities	-0.14	28	3.09	1.85	2.50	2.11	60	-9.60	5.73	-4.82	-51
Repayment of Debt	-0.01	-	-	-	0.00	0.00	-0.19	-6.04	-28	-3.00	-26
Repurchase of Common Equity	-1.04	-4.78	-0.49	-	-	-	-	0.00	0.00	-3.51	-27
Issuance of Debt	-	-	-	-	0.00	0.00	55	0.00	8.25	0.00	0.00
Issuance of Common Equity	-	41	3.14	2.71	3.05	2.90	2.31	1.29	36	1.66	1.39
Other Financing Activities, net	0.91	0.24	0.45	-0.86	-0.56	-0.79	2.80	-4.85	-11	0.02	0.22
Cash Interest Paid	0.00	-	-	0.01	0.00	0.00	0.13	2.19	4.56	2.11	1.22
Cash Income Taxes Paid	0.24	2.16	0.92	2.88	0.34	0.54	1.59	0.04	7.35	6.87	2.50

This table details how cash moves in and out of Tactile Systems Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	2.82	-5.00	-0.33	13	8.53	12	-11	-2.09	-16	17	-8.45
Net Cash From Operating Activities	4.10	18	0.92	13	10	16	0.42	15	10	17	-0.34
Net Cash From Continuing Operating Activities	4.10	18	0.92	13	10	16	0.42	15	10	17	-0.34
Net Income / (Loss) Continuing Operations	22	8.20	-2.21	4.30	5.16	9.72	-2.97	3.22	8.21	11	-1.76
Consolidated Net Income / (Loss)	22	8.20	-2.21	4.30	5.16	9.72	-2.97	3.22	8.21	11	-1.76
Depreciation Expense	1.65	1.62	1.63	1.71	1.73	1.71	1.73	1.66	1.64	1.62	1.64
Non-Cash Adjustments To Reconcile Net Income	-2.08	1.14	1.91	2.68	1.91	1.47	1.49	2.37	1.40	1.82	2.11
Changes in Operating Assets and Liabilities, net	-18	7.39	-0.41	4.45	1.46	3.44	0.17	7.51	-0.90	3.23	-2.33
Net Cash From Investing Activities	-0.40	-0.94	-0.50	-0.53	-0.98	-0.49	-0.41	-0.40	-1.15	-0.58	-7.06
Net Cash From Continuing Investing Activities	-0.40	-0.94	-0.50	-0.53	-0.98	-0.49	-0.41	-0.40	-1.15	-0.58	-7.06
Purchase of Property, Plant & Equipment	-0.38	-0.90	-0.48	-0.50	-0.95	-0.46	-0.38	-0.37	-1.12	-0.51	-0.82
Acquisitions	-0.02	-0.04	-0.02	-0.04	-0.03	-0.03	-0.03	-0.03	-0.03	-0.07	-6.24
Net Cash From Financing Activities	-0.87	-22	-0.75	0.30	-0.75	-3.62	-11	-16	-25	0.76	-1.05
Net Cash From Continuing Financing Activities	-0.87	-22	-0.75	0.30	-0.75	-3.62	-11	-16	-25	0.76	-1.05
Repayment of Debt	-9.13	-18	-0.75	-0.75	-0.75	-0.75	-0.75	-0.75	-25	-	0.00
Repurchase of Common Equity	-	-	0.00	-	-	-	-10	-17	-	0.00	-1.07
Issuance of Common Equity	-	0.66	-	1.04	-	0.62	0.00	-	-	0.55	0.00
Other Financing Activities, net	0.00	-5.57	0.00	0.00	-	0.02	0.01	-	-	0.21	0.02
Cash Interest Paid	0.89	1.75	0.58	0.52	0.51	0.49	0.44	0.38	0.01	0.38	0.02
Cash Income Taxes Paid	0.59	2.81	0.05	2.12	2.25	2.42	0.02	0.88	0.01	1.60	0.01

This table presents Tactile Systems Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	37	74	88	107	152	174	244	255	281	298	274
Total Current Assets	29	64	77	85	108	124	114	120	145	178	165
Cash & Equivalents	7.06	31	24	20	23	48	28	22	61	94	83
Short-Term Investments	-	11	20	26	31	11	12	16	14	15	16
Accounts Receivable	14	15	18	24	33	44	49	55	43	45	44
Inventories, net	5.78	6.55	11	11	19	19	19	23	23	19	14
Prepaid Expenses	0.60	0.98	2.18	1.76	2.45	2.64	4.14	3.75	4.37	5.05	8.07
Plant, Property, & Equipment, net	1.35	1.56	3.78	4.81	7.41	6.96	6.75	6.08	6.20	5.60	5.12
Total Noncurrent Assets	6.27	8.14	7.80	17	36	44	124	129	130	115	104
Goodwill	-	-	-	-	-	0.00	31	31	31	31	31
Intangible Assets	-	-	2.22	5.34	5.31	1.68	54	50	47	43	39
Noncurrent Deferred & Refundable Income Taxes	0.40	2.79	2.66	8.82	8.97	10	-	0.00	19	18	9.78
Other Noncurrent Operating Assets	3.83	2.53	0.20	1.26	18	22	26	25	22	23	24
Total Liabilities & Shareholders' Equity	37	74	88	107	152	174	244	255	281	298	274
Total Liabilities	9.70	14	16	18	39	49	116	134	88	81	55
Total Current Liabilities	9.50	14	15	16	21	27	34	64	41	41	41
Accounts Payable	3.34	3.78	4.25	5.11	3.84	4.20	5.02	9.98	6.66	5.65	4.97
Accrued Expenses	1.91	1.26	2.62	2.79	4.50	4.42	5.26	9.24	5.90	7.78	8.53
Current Deferred & Payable Income Tax Liabilities	0.90	0.82	0.21	-	0.63	2.66	0.02	2.34	1.47	0.27	1.43
Current Employee Benefit Liabilities	3.36	6.69	6.71	7.42	10	12	12	17	17	18	19
Other Current Liabilities	-	1.24	0.73	0.76	2.36	3.85	9.06	23	7.28	6.13	6.65
Total Noncurrent Liabilities	0.19	0.50	1.14	1.73	18	23	82	69	47	41	14
Noncurrent Deferred Revenue	-	-	-	-	0.05	0.00	0.35	0.30	0.45	0.24	0.28
Other Noncurrent Operating Liabilities	-	0.50	1.14	1.73	18	23	29	23	20	17	14
Total Equity & Noncontrolling Interests	-5.65	60	73	89	113	125	128	121	194	217	219
Total Preferred & Common Equity	27	60	73	89	113	125	128	121	194	217	219
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-5.65	60	73	89	113	125	128	121	194	217	219
Common Stock	0.00	62	70	80	92	105	120	131	175	181	164
Retained Earnings	-5.65	-2.77	3.08	9.71	21	20	8.25	-9.62	19	36	55

This table presents Tactile Systems Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	249	276	274	293	272	279	288	280	273	259	272
Total Current Assets	117	145	150	152	141	152	162	160	153	141	153
Cash & Equivalents	23	55	63	66	61	74	82	84	82	66	75
Short-Term Investments	15	14	13	14	14	14	14	15	14	15	15
Accounts Receivable	52	51	47	44	40	42	40	36	33	37	38
Inventories, net	23	20	20	23	21	19	21	19	17	16	17
Prepaid Expenses	3.48	4.88	4.48	4.67	4.91	3.91	5.13	5.90	6.35	7.25	7.85
Plant, Property, & Equipment, net	6.68	5.66	5.77	5.49	6.22	5.69	5.88	5.39	4.90	5.46	5.20
Total Noncurrent Assets	125	124	118	136	125	121	119	115	115	112	114
Goodwill	31	31	31	31	31	31	31	31	31	31	40
Intangible Assets	51	49	49	48	46	45	44	42	41	40	42
Noncurrent Deferred & Refundable Income Taxes	-	-	-	21	19	19	20	18	18	17	8.72
Other Noncurrent Operating Assets	25	24	23	22	21	21	21	24	25	24	23
Total Liabilities & Shareholders' Equity	249	276	274	293	272	279	288	280	273	259	272
Total Liabilities	134	119	115	110	79	78	80	75	78	54	54
Total Current Liabilities	56	51	49	46	33	34	37	35	40	39	36
Accounts Payable	11	9.59	9.30	6.40	5.49	5.09	7.29	7.22	8.03	7.99	7.12
Accrued Expenses	6.95	6.60	5.17	5.33	6.87	6.70	7.09	7.18	8.18	7.86	8.55
Current Deferred & Payable Income Tax Liabilities	0.01	0.00	0.00	2.09	0.73	0.50	0.61	0.00	0.00	1.20	2.16
Current Employee Benefit Liabilities	14	11	14	15	11	12	13	11	13	15	11
Other Current Liabilities	21	21	17	14	6.08	6.87	6.12	7.12	8.56	7.41	7.14
Total Noncurrent Liabilities	78	68	66	65	45	44	43	39	38	15	18
Noncurrent Deferred Revenue	0.30	0.45	0.45	0.44	0.50	0.50	0.50	0.36	0.36	0.33	0.37
Other Noncurrent Operating Liabilities	31	22	22	21	20	19	18	16	16	15	18
Total Equity & Noncontrolling Interests	114	156	159	183	193	201	208	206	195	205	218
Total Preferred & Common Equity	114	156	159	183	193	201	208	206	195	205	218
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	114	156	159	183	193	201	208	206	195	205	218
Common Stock	129	168	170	172	177	180	182	173	159	161	165
Retained Earnings	-14	-12	-12	11	17	21	26	33	36	44	53

This table displays calculated financial ratios and metrics derived from Tactile Systems Technology's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.71%	34.47%	29.26%	31.54%	31.82%	-1.25%	11.18%	18.61%	11.20%	6.76%	12.47%
EBITDA Growth	-9.26%	25.10%	18.20%	17.75%	101.94%	-96.92%	214.03%	-566.64%	479.53%	17.90%	23.95%
EBIT Growth	-14.18%	32.33%	-2.78%	-17.04%	220.17%	-120.32%	-1.42%	-455.82%	241.57%	22.98%	31.95%
NOPAT Growth	-28.77%	93.34%	90.88%	4.59%	81.66%	-124.54%	51.43%	-624.06%	465.28%	-50.90%	11.34%
Net Income Growth	-32.71%	106.68%	103.37%	13.12%	65.65%	-105.65%	-1,805.00%	-51.27%	259.60%	-40.52%	12.54%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	342.08%	193.16%	-40.40%	114.86%	-72.13%	11.31%	-5.83%	97.99%	588.33%	13.39%	5.30%
Free Cash Flow Firm Growth	0.00%	127.36%	-206.95%	-60.70%	37.82%	-73.59%	-712.74%	101.46%	1,427.26%	71.86%	7.74%
Invested Capital Growth	0.00%	-11.25%	60.92%	50.25%	36.49%	11.78%	114.95%	-7.07%	11.60%	-9.27%	-10.58%
Revenue Q/Q Growth	0.00%	0.00%	6.23%	8.75%	-15.43%	33.90%	1.21%	5.19%	1.39%	2.78%	5.78%
EBITDA Q/Q Growth	0.00%	0.00%	64.01%	-24.52%	27.41%	127.97%	-74.00%	49.34%	41.11%	0.06%	20.73%
EBIT Q/Q Growth	0.00%	0.00%	68.61%	-44.12%	54.57%	46.66%	-191.83%	32.87%	65.44%	-0.32%	27.19%
NOPAT Q/Q Growth	0.00%	0.00%	-0.38%	-5.67%	25.36%	20.42%	-126.96%	24.25%	1.26%	7.53%	6.09%
Net Income Q/Q Growth	0.00%	0.00%	-2.48%	1.92%	-84.77%	99.13%	-251.48%	40.41%	14.36%	9.80%	5.05%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	1.91%	53.55%	14.84%	-67.59%	229.59%	27.47%	-25.16%	67.88%	-4.73%	2.30%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-90.94%	6.60%	-5.11%	14.11%	-92.33%	116.30%	14.59%	1.95%
Invested Capital Q/Q Growth	0.00%	0.00%	7.63%	15.75%	14.74%	15.18%	-6.43%	5.33%	-1.46%	-3.50%	-3.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.11%	72.87%	73.45%	71.14%	70.84%	70.97%	71.24%	71.31%	71.11%	73.96%	75.91%
EBITDA Margin	6.50%	6.04%	5.53%	4.95%	7.58%	0.24%	0.67%	-2.62%	8.96%	9.89%	10.90%
Operating Margin	5.49%	5.05%	3.57%	2.08%	5.54%	-1.94%	-0.85%	-5.17%	6.57%	7.57%	8.89%
EBIT Margin	5.18%	5.10%	3.83%	2.42%	5.87%	-1.21%	-1.10%	-5.16%	6.57%	7.57%	8.89%
Profit (Net Income) Margin	2.22%	3.41%	5.36%	4.61%	5.79%	-0.33%	-5.68%	-7.24%	10.39%	5.79%	5.79%
Tax Burden Percent	42.77%	66.80%	139.74%	190.54%	98.58%	27.42%	515.09%	115.47%	180.82%	72.20%	60.90%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	121.40%	87.40%	105.85%	107.03%
Effective Tax Rate	57.23%	33.20%	-39.74%	-90.54%	1.42%	0.00%	0.00%	0.00%	-80.82%	27.80%	39.10%
Return on Invested Capital (ROIC)	14.60%	14.96%	23.27%	15.77%	20.17%	-4.05%	-1.18%	-6.51%	23.32%	11.38%	14.06%
ROIC Less NNEP Spread (ROIC-NNEP)	16.95%	14.85%	22.31%	13.71%	18.92%	-7.48%	46.33%	-78.44%	46.59%	9.92%	12.69%
Return on Net Nonoperating Assets (RNNOA)	-4.39%	-8.33%	-14.43%	-7.59%	-9.30%	3.53%	-8.15%	-7.81%	-5.22%	-3.11%	-5.30%
Return on Equity (ROE)	10.21%	6.62%	8.84%	8.17%	10.87%	-0.52%	-9.34%	-14.31%	18.10%	8.27%	8.77%
Cash Return on Invested Capital (CROIC)	-185.40%	26.87%	-23.43%	-24.39%	-10.68%	-15.17%	-74.18%	0.82%	12.35%	21.10%	25.24%
Operating Return on Assets (OROA)	8.81%	7.77%	5.16%	3.56%	8.60%	-1.39%	-1.10%	-5.11%	6.73%	7.66%	10.24%
Return on Assets (ROA)	3.77%	5.19%	7.21%	6.77%	8.48%	-0.38%	-5.65%	-7.16%	10.63%	5.85%	6.68%
Return on Common Equity (ROCE)	-2.12%	4.12%	8.84%	8.17%	10.87%	-0.52%	-9.34%	-14.31%	18.10%	8.27%	8.77%
Return on Equity Simple (ROE_SIMPLE)	5.11%	4.83%	8.04%	7.42%	9.74%	-0.50%	-9.21%	-14.72%	14.73%	7.83%	0.00%
Net Operating Profit after Tax (NOPAT)	1.48	2.85	5.45	5.70	10	-2.54	-1.23	-8.93	33	16	18
NOPAT Margin	2.35%	3.38%	4.98%	3.96%	5.46%	-1.36%	-0.59%	-3.62%	11.89%	5.47%	5.41%
Net Nonoperating Expense Percent (NNEP)	-2.35%	0.10%	0.95%	2.06%	1.25%	3.43%	-47.51%	71.94%	-23.27%	1.47%	1.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-5.25%	14.64%	6.60%	8.15%
Cost of Revenue to Revenue	26.89%	27.13%	26.55%	28.86%	29.16%	29.03%	28.76%	28.69%	28.89%	26.04%	24.09%
SG&A Expenses to Revenue	21.82%	22.55%	24.63%	23.38%	20.82%	27.44%	27.30%	24.64%	22.62%	24.28%	26.92%
R&D to Revenue	6.86%	5.29%	4.63%	3.68%	2.73%	2.81%	2.72%	2.87%	2.85%	3.01%	2.57%
Operating Expenses to Revenue	67.62%	67.81%	69.88%	69.06%	65.30%	72.91%	72.08%	76.48%	64.53%	66.39%	67.03%
Earnings before Interest and Taxes (EBIT)	3.26	4.31	4.19	3.48	11	-2.26	-2.29	-13	18	22	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.08	5.11	6.04	7.11	14	0.44	1.39	-6.48	25	29	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	4.63	7.05	9.43	11.41	7.00	2.94	1.91	1.74	1.90	2.96
Price to Tangible Book Value (P/TBV)	0.00	4.63	7.27	10.03	11.97	7.09	8.76	5.79	2.90	2.88	4.36
Price to Revenue (P/Rev)	0.00	3.26	4.69	5.85	6.78	4.66	1.81	0.94	1.22	1.40	1.97
Price to Earnings (P/E)	0.00	169.07	87.62	127.05	117.09	0.00	0.00	0.00	11.78	24.24	33.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.59%	1.14%	0.79%	0.85%	0.00%	0.00%	0.00%	8.49%	4.13%	2.95%
Enterprise Value to Invested Capital (EV/IC)	0.00	13.05	16.25	18.34	20.79	12.30	2.75	1.83	1.96	2.45	4.58
Enterprise Value to Revenue (EV/Rev)	0.00	2.77	4.29	5.53	6.50	4.35	1.88	0.98	1.06	1.12	1.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	45.84	77.68	111.87	85.74	1,842.49	281.90	0.00	11.79	11.33	15.27
Enterprise Value to EBIT (EV/EBIT)	0.00	54.34	111.95	228.87	110.63	0.00	0.00	0.00	16.07	14.80	18.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	82.08	86.12	139.64	118.97	0.00	0.00	0.00	8.89	20.50	30.76
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	33.30	111.90	88.32	490.53	291.48	148.72	46.49	8.09	8.08	12.81
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	45.68	0.00	0.00	0.00	0.00	0.00	214.05	16.78	11.06	17.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.43	0.40	0.15	0.12	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.40	0.38	0.14	0.11	0.00
Financial Leverage	-0.26	-0.56	-0.65	-0.55	-0.49	-0.47	-0.18	0.10	-0.11	-0.31	-0.42
Leverage Ratio	1.36	1.28	1.23	1.21	1.28	1.37	1.65	2.00	1.70	1.41	1.31
Compound Leverage Factor	1.36	1.28	1.23	1.21	1.28	1.37	1.65	2.43	1.49	1.49	1.41
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.92%	28.70%	13.08%	10.78%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.62%	1.74%	1.33%	1.22%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28.30%	26.96%	11.75%	9.56%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	120.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-20.71%	100.00%	100.00%	100.00%	100.00%	100.00%	70.08%	71.30%	86.92%	89.22%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	39.45	-7.54	1.19	0.90	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	10.11	-1.67	-1.88	-2.85	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	37.31	-7.09	1.06	0.80	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-44.39	-5.47	0.89	1.63	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-11.38	-1.21	-1.41	-5.17	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-41.99	-5.14	0.80	1.45	0.00
Altman Z-Score	0.00	13.68	21.94	30.71	22.05	12.48	3.21	2.05	4.02	4.98	9.44
Noncontrolling Interest Sharing Ratio	120.71%	37.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.09	4.66	5.29	5.29	5.06	4.63	3.29	1.86	3.54	4.36	4.03
Quick Ratio	2.23	4.11	4.24	4.37	4.05	3.83	2.62	1.44	2.88	3.78	3.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-19	5.13	-5.48	-8.81	-5.48	-9.51	-77	1.13	17	30	32
Operating Cash Flow to CapEx	405.24%	907.48%	111.91%	214.66%	46.09%	135.70%	125.11%	294.46%	1,542.81%	1,708.19%	1,798.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.41	4.17	14.24	30.82
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.87	8.65	19.50	41.24
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.23	8.09	18.36	38.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.70	1.52	1.35	1.47	1.46	1.15	0.99	0.99	1.02	1.01	1.15
Accounts Receivable Turnover	4.44	5.80	6.70	6.85	6.56	4.84	4.46	4.73	5.60	6.65	7.42
Inventory Turnover	2.92	3.72	3.30	3.73	3.65	2.89	3.17	3.34	3.47	3.70	4.86
Fixed Asset Turnover	46.71	58.12	40.94	33.49	31.02	26.05	30.36	38.48	44.72	49.67	61.48
Accounts Payable Turnover	5.07	6.45	7.23	8.86	12.34	13.51	12.98	9.44	9.53	12.40	14.95
Days Sales Outstanding (DSO)	82.15	62.93	54.48	53.26	55.64	75.38	81.86	77.13	65.17	54.88	49.19
Days Inventory Outstanding (DIO)	124.80	98.13	110.66	97.77	99.90	126.40	115.21	109.13	105.07	98.53	75.16
Days Payable Outstanding (DPO)	72.02	56.58	50.50	41.18	29.57	27.01	28.12	38.68	38.31	29.44	24.41
Cash Conversion Cycle (CCC)	134.93	104.49	114.65	109.85	125.98	174.77	168.96	147.58	131.94	123.98	99.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	18	29	43	59	66	142	132	148	134	120
Invested Capital Turnover	6.22	4.43	4.67	3.98	3.69	2.98	2.00	1.80	1.96	2.08	2.60
Increase / (Decrease) in Invested Capital	20	-2.27	11	15	16	6.97	76	-10	15	-14	-14
Enterprise Value (EV)	0.00	234	469	796	1,231	814	391	242	290	328	549
Market Capitalization	0.00	276	513	841	1,285	873	377	231	336	411	648
Book Value per Share	($1.93)	$3.55	$4.11	$4.83	$5.92	$6.42	$6.47	$6.02	$8.24	$9.03	$9.80
Tangible Book Value per Share	($1.93)	$3.55	$3.99	$4.54	$5.64	$6.34	$2.17	$1.98	$4.93	$5.95	$6.66
Total Capital	27	60	73	89	113	125	183	170	223	243	219
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	55	49	29	26	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	52	46	26	23	0.00
Net Debt	-7.06	-42	-44	-46	-53	-59	14	11	-46	-83	-99
Capital Expenditures (CapEx)	0.59	0.78	3.75	4.20	5.45	2.06	2.10	1.77	2.32	2.38	2.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	8.75	18	23	34	38	41	20	32	31	25
Debt-free Net Working Capital (DFNWC)	20	50	62	69	87	97	82	58	107	140	124
Net Working Capital (NWC)	20	50	62	69	87	97	79	55	104	137	124
Net Nonoperating Expense (NNE)	0.08	-0.03	-0.41	-0.93	-0.62	-1.92	11	8.94	4.11	-0.94	-1.25
Net Nonoperating Obligations (NNO)	-7.06	-42	-44	-46	-53	-59	14	11	-46	-83	-99
Total Depreciation and Amortization (D&A)	0.83	0.80	1.85	3.64	3.23	2.70	3.68	6.27	6.54	6.79	6.64
Debt-free, Cash-free Net Working Capital to Revenue	20.36%	10.34%	16.87%	16.00%	17.69%	20.49%	19.87%	8.24%	11.65%	10.55%	7.59%
Debt-free Net Working Capital to Revenue	31.58%	59.66%	57.06%	47.92%	45.86%	51.78%	39.43%	23.66%	39.06%	47.72%	37.69%
Net Working Capital to Revenue	31.58%	59.66%	57.06%	47.92%	45.86%	51.78%	38.01%	22.46%	37.98%	46.71%	37.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	2.93M	8.91M	17.36M	18.25M	18.92M	19.35M	19.72M	20.07M	22.93M	23.88M	22.87M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	2.93M	10.76M	18.88M	19.35M	19.64M	19.35M	19.72M	20.07M	23.18M	24.14M	23.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3M	16.90M	18.00M	18.74M	19.15M	19.51M	19.88M	20.25M	23.60M	23.59M	22.44M
Normalized Net Operating Profit after Tax (NOPAT)	2.42	2.85	2.73	2.09	10	-2.54	-1.23	-8.93	13	16	18
Normalized NOPAT Margin	3.84%	3.38%	2.50%	1.46%	5.46%	-1.36%	-0.59%	-3.62%	4.60%	5.47%	5.41%
Pre Tax Income Margin	5.18%	5.10%	3.83%	2.42%	5.87%	-1.21%	-1.10%	-6.27%	5.75%	8.02%	9.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.57	4.35	10.64	28.21
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.20	7.87	7.68	17.18
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.21	3.79	9.50	25.92
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.84	7.31	6.54	14.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	285.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	74.73%	450.99%	8.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.68%	139.16%

This table displays calculated financial ratios and metrics derived from Tactile Systems Technology's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	23,585,175.00	23,248,353.00	22,292,145.00	-	22,438,926.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	23,585,175.00	23,248,353.00	22,292,145.00	-	22,438,926.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.13	0.14	0.37	-	-0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.63%	5.08%	3.81%	7.14%	5.04%	10.22%	0.29%	7.77%	17.32%	21.04%	22.85%
EBITDA Growth	1,416.98%	39.50%	62.93%	172.20%	-2.87%	-14.40%	-113.17%	-24.03%	47.99%	43.34%	103.73%
EBIT Growth	421.94%	45.79%	41.47%	397.87%	-4.64%	-16.71%	-53.71%	-30.18%	61.67%	50.02%	66.23%
NOPAT Growth	2,171.14%	56.49%	22.12%	2,553.51%	-79.42%	13.77%	-53.24%	-29.85%	62.82%	9.67%	66.23%
Net Income Growth	1,078.46%	77.49%	-17.13%	4,398.00%	-76.88%	18.46%	-34.63%	-25.15%	59.24%	9.45%	40.72%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	81.72%	376.06%	284.06%	-5.51%	150.39%	-11.00%	-54.87%	12.29%	0.83%	5.90%	-181.30%
Free Cash Flow Firm Growth	-102.91%	-146.44%	-139.14%	-236.91%	2,241.72%	423.83%	182.48%	380.32%	41.56%	6.03%	-65.18%
Invested Capital Growth	19.30%	11.60%	8.36%	8.81%	-7.36%	-9.27%	-9.70%	-12.41%	-10.51%	-10.58%	-3.71%
Revenue Q/Q Growth	1.82%	11.59%	-21.33%	19.86%	-0.17%	17.09%	-28.41%	28.79%	8.68%	20.80%	-27.34%
EBITDA Q/Q Growth	222.80%	69.63%	-108.78%	762.55%	15.18%	49.49%	-119.79%	303.94%	119.41%	61.85%	-99.49%
EBIT Q/Q Growth	521.72%	85.06%	-123.88%	316.23%	19.08%	61.65%	-136.29%	189.92%	168.44%	71.26%	-108.17%
NOPAT Q/Q Growth	14,023.13%	-64.97%	-125.22%	299.48%	16.77%	93.67%	-133.97%	191.32%	171.02%	30.46%	-110.46%
Net Income Q/Q Growth	22,399.00%	-63.22%	-126.93%	294.57%	19.94%	88.48%	-130.61%	208.17%	155.18%	29.54%	-116.58%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-70.55%	348.05%	-94.97%	1,322.29%	-21.96%	59.25%	-97.45%	3,438.85%	-29.92%	67.26%	-101.96%
Free Cash Flow Firm Q/Q Growth	65.77%	-861.10%	-88.43%	45.65%	317.60%	45.32%	-52.01%	84.71%	9.89%	8.84%	-84.24%
Invested Capital Q/Q Growth	15.42%	-1.46%	-0.48%	-3.86%	-1.73%	-3.50%	-0.95%	-6.76%	0.41%	-3.58%	6.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.93%	72.13%	71.09%	73.89%	74.96%	75.21%	74.01%	74.51%	75.80%	78.20%	76.55%
EBITDA Margin	13.27%	20.17%	-1.92%	10.63%	12.27%	15.66%	-4.60%	7.28%	14.69%	19.69%	0.14%
Operating Margin	11.48%	15.20%	-4.85%	7.99%	9.28%	14.62%	-7.41%	5.17%	12.78%	18.12%	-2.04%
EBIT Margin	10.90%	18.08%	-4.60%	8.30%	9.90%	13.66%	-7.41%	5.18%	12.78%	18.12%	-2.04%
Profit (Net Income) Margin	32.05%	10.56%	-3.62%	5.87%	7.05%	11.35%	-4.85%	4.08%	9.57%	10.27%	-2.34%
Tax Burden Percent	293.99%	69.72%	78.64%	70.76%	71.27%	74.79%	73.05%	71.11%	71.78%	54.68%	196.76%
Interest Burden Percent	100.00%	83.81%	100.00%	100.00%	100.00%	111.11%	89.63%	110.77%	104.32%	103.59%	58.41%
Effective Tax Rate	-193.99%	30.28%	0.00%	29.24%	28.73%	25.21%	0.00%	28.89%	28.22%	45.32%	0.00%
Return on Invested Capital (ROIC)	66.38%	20.79%	-6.66%	11.75%	13.07%	22.77%	-10.89%	8.31%	21.75%	25.76%	-3.77%
ROIC Less NNEP Spread (ROIC-NNEP)	77.19%	20.93%	-6.26%	11.39%	12.44%	22.22%	-11.23%	7.83%	21.30%	25.35%	-2.92%
Return on Net Nonoperating Assets (RNNOA)	-5.71%	-2.34%	1.20%	-2.81%	-3.26%	-6.98%	3.37%	-2.59%	-7.74%	-10.59%	1.13%
Return on Equity (ROE)	60.67%	18.44%	-5.45%	8.94%	9.81%	15.79%	-7.52%	5.72%	14.01%	15.17%	-2.64%
Cash Return on Invested Capital (CROIC)	5.80%	12.35%	13.21%	15.69%	17.97%	21.10%	20.93%	23.63%	23.88%	25.24%	18.37%
Operating Return on Assets (OROA)	10.89%	18.50%	-4.65%	8.45%	9.71%	13.82%	-7.87%	5.61%	14.56%	20.89%	-2.54%
Return on Assets (ROA)	32.02%	10.81%	-3.65%	5.98%	6.92%	11.48%	-5.15%	4.42%	10.91%	11.83%	-2.91%
Return on Common Equity (ROCE)	60.67%	18.44%	-5.45%	8.94%	9.81%	15.79%	-7.52%	5.72%	14.01%	15.17%	-2.64%
Return on Equity Simple (ROE_SIMPLE)	13.64%	0.00%	14.57%	16.24%	7.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	23	8.23	-2.07	4.14	4.83	9.36	-3.18	2.90	7.87	10	-1.07
NOPAT Margin	33.75%	10.59%	-3.40%	5.65%	6.61%	10.94%	-5.19%	3.68%	9.18%	9.91%	-1.43%
Net Nonoperating Expense Percent (NNEP)	-10.81%	-0.14%	-0.40%	0.36%	0.63%	0.55%	0.34%	0.48%	0.45%	0.41%	-0.84%
Return On Investment Capital (ROIC_SIMPLE)	-	3.69%	-	-	-	3.86%	-1.38%	1.32%	3.84%	4.69%	-0.49%
Cost of Revenue to Revenue	29.07%	27.87%	28.91%	26.11%	25.04%	24.79%	25.99%	25.49%	24.20%	21.80%	23.45%
SG&A Expenses to Revenue	23.64%	19.57%	26.62%	22.92%	24.79%	23.34%	32.64%	27.92%	25.00%	24.36%	30.62%
R&D to Revenue	2.82%	2.31%	3.51%	3.05%	3.31%	2.38%	2.84%	2.56%	2.56%	2.44%	3.69%
Operating Expenses to Revenue	59.45%	56.93%	75.94%	65.90%	65.68%	60.59%	81.43%	69.34%	63.01%	60.07%	78.58%
Earnings before Interest and Taxes (EBIT)	7.59	14	-2.81	6.07	7.23	12	-4.54	4.08	11	19	-1.53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.23	16	-1.18	7.79	8.97	13	-2.82	5.74	13	20	0.11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.80	1.74	1.97	1.41	1.68	1.90	1.52	1.21	1.51	2.96	2.69
Price to Tangible Book Value (P/TBV)	3.17	2.90	3.27	2.27	2.63	2.88	2.35	1.92	2.30	4.36	4.31
Price to Revenue (P/Rev)	1.22	1.22	1.38	1.01	1.23	1.40	1.06	0.79	0.99	1.97	1.71
Price to Earnings (P/E)	13.22	11.78	13.54	8.71	22.67	24.24	19.25	15.60	16.98	33.94	28.89
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.56%	8.49%	7.38%	11.49%	4.41%	4.13%	5.19%	6.41%	5.89%	2.95%	3.46%
Enterprise Value to Invested Capital (EV/IC)	1.98	1.96	2.28	1.59	2.03	2.45	1.80	1.33	1.83	4.58	3.89
Enterprise Value to Revenue (EV/Rev)	1.10	1.06	1.21	0.80	0.99	1.12	0.81	0.55	0.73	1.66	1.44
Enterprise Value to EBITDA (EV/EBITDA)	17.02	11.79	13.79	7.67	9.70	11.33	8.69	6.41	7.65	15.27	12.77
Enterprise Value to EBIT (EV/EBIT)	27.19	16.07	18.87	9.91	12.62	14.80	11.59	8.73	9.89	18.73	15.37
Enterprise Value to NOPAT (EV/NOPAT)	9.20	8.89	11.18	6.86	18.87	20.50	15.91	11.94	13.55	30.76	26.13
Enterprise Value to Operating Cash Flow (EV/OCF)	13.88	8.09	8.99	6.14	6.58	8.08	5.95	3.94	5.44	12.81	11.80
Enterprise Value to Free Cash Flow (EV/FCFF)	37.12	16.78	17.98	10.55	10.84	11.06	8.16	5.26	7.26	17.14	20.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.15	0.15	0.14	0.13	0.12	0.12	0.13	0.00	0.00	0.00
Long-Term Debt to Equity	0.24	0.14	0.13	0.12	0.12	0.11	0.11	0.11	0.00	0.00	0.00
Financial Leverage	-0.07	-0.11	-0.19	-0.25	-0.26	-0.31	-0.30	-0.33	-0.36	-0.42	-0.39
Leverage Ratio	1.82	1.70	1.57	1.54	1.49	1.41	1.38	1.39	1.32	1.31	1.30
Compound Leverage Factor	1.82	1.43	1.57	1.54	1.49	1.57	1.24	1.55	1.38	1.36	0.76
Debt to Total Capital	20.29%	13.08%	12.80%	12.11%	11.46%	10.78%	11.01%	11.25%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	1.29%	1.33%	1.33%	1.29%	1.26%	1.22%	1.28%	1.35%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	19.00%	11.75%	11.47%	10.82%	10.20%	9.56%	9.73%	9.90%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.71%	86.92%	87.20%	87.89%	88.54%	89.22%	88.99%	88.75%	100.00%	100.00%	100.00%
Debt to EBITDA	2.67	1.19	1.17	0.95	0.93	0.90	0.93	0.96	0.00	0.00	0.00
Net Debt to EBITDA	-1.90	-1.88	-1.92	-2.04	-2.39	-2.85	-2.66	-2.78	0.00	0.00	0.00
Long-Term Debt to EBITDA	2.50	1.06	1.05	0.85	0.83	0.80	0.82	0.85	0.00	0.00	0.00
Debt to NOPAT	1.44	0.89	0.95	0.85	1.81	1.63	1.69	1.79	0.00	0.00	0.00
Net Debt to NOPAT	-1.03	-1.41	-1.56	-1.82	-4.65	-5.17	-4.87	-5.18	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.35	0.80	0.85	0.76	1.61	1.45	1.50	1.58	0.00	0.00	0.00
Altman Z-Score	3.28	3.97	4.46	3.87	4.36	4.87	4.20	3.63	5.47	9.32	8.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.33	3.54	4.26	4.44	4.37	4.36	4.52	3.79	3.61	4.03	4.24
Quick Ratio	2.71	2.88	3.49	3.77	3.66	3.78	3.79	3.19	3.01	3.49	3.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.74	-7.11	-13	-7.29	16	23	11	20	22	24	3.85
Operating Cash Flow to CapEx	1,075.07%	2,039.11%	191.70%	2,628.40%	1,079.58%	3,550.65%	110.03%	3,999.19%	921.66%	3,391.37%	-41.29%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	26.08	49.82	116.29	2,220.86	137.51
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.98	35.99	53.58	1,572.36	-12.11
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.09	35.09	47.77	1,526.00	-41.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	1.02	1.01	1.02	0.98	1.01	1.06	1.08	1.14	1.15	1.24
Accounts Receivable Turnover	5.66	5.60	6.05	6.36	6.80	6.65	7.70	7.97	8.07	7.42	9.30
Inventory Turnover	3.42	3.47	3.90	4.02	3.43	3.70	3.76	4.20	4.19	4.86	4.58
Fixed Asset Turnover	44.51	44.72	46.61	49.13	50.17	49.67	50.51	56.45	54.95	61.48	64.89
Accounts Payable Turnover	9.04	9.53	10.55	10.93	11.21	12.40	11.73	11.52	10.21	14.95	11.31
Days Sales Outstanding (DSO)	64.52	65.17	60.36	57.36	53.68	54.88	47.43	45.81	45.24	49.19	39.27
Days Inventory Outstanding (DIO)	106.86	105.07	93.71	90.87	106.26	98.53	97.20	86.85	87.17	75.16	79.76
Days Payable Outstanding (DPO)	40.37	38.31	34.58	33.39	32.57	29.44	31.12	31.69	35.75	24.41	32.28
Cash Conversion Cycle (CCC)	131.01	131.94	119.49	114.84	127.38	123.98	113.51	100.98	96.67	99.94	86.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	150	148	147	141	139	134	133	124	124	120	128
Invested Capital Turnover	1.97	1.96	1.96	2.08	1.98	2.08	2.10	2.26	2.37	2.60	2.64
Increase / (Decrease) in Invested Capital	24	15	11	11	-11	-14	-14	-18	-15	-14	-4.92
Enterprise Value (EV)	297	290	335	224	281	328	239	164	228	549	496
Market Capitalization	330	336	382	284	350	411	312	236	309	648	586
Book Value per Share	$7.79	$8.24	$8.18	$8.45	$8.67	$9.03	$8.72	$8.38	$9.19	$9.80	$9.71
Tangible Book Value per Share	$4.44	$4.93	$4.93	$5.25	$5.55	$5.95	$5.63	$5.29	$6.00	$6.66	$6.06
Total Capital	229	223	222	228	235	243	231	220	205	219	218
Total Debt	47	29	28	28	27	26	25	25	0.00	0.00	0.00
Total Long-Term Debt	44	26	25	25	24	23	22	22	0.00	0.00	0.00
Net Debt	-33	-46	-47	-60	-69	-83	-73	-71	-81	-99	-90
Capital Expenditures (CapEx)	0.38	0.90	0.48	0.50	0.95	0.46	0.38	0.37	1.12	0.51	0.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	32	36	33	32	31	29	20	21	25	27
Debt-free Net Working Capital (DFNWC)	109	107	111	121	128	140	128	116	102	124	117
Net Working Capital (NWC)	106	104	108	118	125	137	125	113	102	124	117
Net Nonoperating Expense (NNE)	1.19	0.03	0.13	-0.16	-0.32	-0.36	-0.21	-0.31	-0.34	-0.37	0.69
Net Nonoperating Obligations (NNO)	-33	-46	-47	-60	-69	-83	-73	-71	-81	-99	-90
Total Depreciation and Amortization (D&A)	1.65	1.62	1.63	1.71	1.73	1.71	1.73	1.66	1.64	1.62	1.64
Debt-free, Cash-free Net Working Capital to Revenue	10.86%	11.65%	13.04%	11.88%	11.25%	10.55%	9.96%	6.54%	6.87%	7.59%	7.75%
Debt-free Net Working Capital to Revenue	40.28%	39.06%	40.16%	42.84%	44.97%	47.72%	43.55%	38.66%	32.81%	37.69%	34.01%
Net Working Capital to Revenue	39.19%	37.98%	39.09%	41.79%	43.93%	46.71%	42.54%	37.67%	32.81%	37.69%	34.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	23.48M	22.93M	23.67M	23.87M	23.99M	23.88M	23.71M	23.09M	22.32M	22.87M	22.56M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	23.85M	23.18M	23.67M	24.10M	24.25M	24.14M	23.71M	23.24M	22.51M	23.30M	22.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.50M	23.60M	23.76M	23.97M	24.00M	23.59M	23.25M	22.29M	22.34M	22.44M	22.56M
Normalized Net Operating Profit after Tax (NOPAT)	5.59	8.23	-2.07	4.14	4.83	9.36	-3.18	2.90	7.87	10	-1.07
Normalized NOPAT Margin	8.04%	10.59%	-3.40%	5.65%	6.61%	10.94%	-5.19%	3.68%	9.18%	9.91%	-1.43%
Pre Tax Income Margin	10.90%	15.15%	-4.60%	8.30%	9.90%	15.18%	-6.64%	5.73%	13.34%	18.77%	-1.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-10.71	9.96	56.80	1,706.82	-54.79
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-7.50	7.08	40.77	933.23	-38.35
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-11.61	9.06	50.99	1,660.45	-84.11
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-8.39	6.18	34.96	886.86	-67.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	20.68%	83.52%	198.95%	165.51%	139.16%	86.79%

Financials Breakdown Chart

Key Financial Trends

Tactile Systems Technology (NASDAQ: TCMD) showed a sharp step down in performance in Q1 2026 after a much stronger finish to 2025. Revenue growth remained healthy, but profitability, operating cash flow, and cash balance all weakened meaningfully versus recent quarters.

Revenue continued to grow year over year in Q1 2026. Sales rose to $75.3 million from $61.1 million in Q1 2025, showing the top line is still expanding.
Gross profit remained strong. Q1 2026 gross profit was $57.6 million, reflecting solid gross margin performance despite higher sales costs.
The balance sheet still carries a sizable cash cushion. TCMD ended Q1 2026 with $75.0 million in cash and equivalents plus $15.2 million in short-term investments.
Long-term debt appears manageable relative to equity. Total liabilities were $54.3 million versus $217.9 million in common equity at quarter-end.
Operating expense discipline is still a key swing factor. Marketing expense remained the largest cost line, and profitability will depend heavily on whether TCMD can keep those expenses from outpacing revenue growth.
The quarter included a large acquisition-related cash outflow. TCMD spent $6.24 million on acquisitions in Q1 2026, which may affect near-term cash and integration risk.
Share count remained fairly stable. Diluted weighted average shares in Q1 2026 were 22.6 million, close to recent quarters, so dilution was not a major issue in the period.
TCMD posted a net loss in Q1 2026. Net loss was $1.8 million, compared with net income of $10.6 million in Q4 2025 and a loss of $3.0 million in Q1 2025.
Operating income turned negative again. Q1 2026 operating loss was $1.5 million, reversing Q4 2025 operating income of $18.8 million and highlighting the business’ quarterly volatility.
Operating cash flow slipped back into negative territory. TCMD used $0.3 million in operating cash in Q1 2026, versus generating $17.3 million in Q4 2025 and $0.4 million in Q1 2025.

Looking at the multi-year trend, TCMD’s business has improved at times but remains uneven. Revenue has generally trended higher from 2023 into 2025, but margins and earnings have been volatile, with some quarters producing solid profits and others swinging to losses. The good news is that the company still has a healthy liquidity position. The concern is that the latest quarter shows expenses and acquisition spending can quickly pressure earnings and cash flow.

From an investor’s perspective, the main question is whether TCMD can sustain revenue growth while bringing operating expenses under better control. If it can, the company has room to convert that top-line growth into more consistent profits. If not, earnings volatility could continue despite a strong cash balance.

07/14/26 07:28 AM ETAI Generated. May Contain Errors.

Tactile Systems Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tactile Systems Technology's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Tactile Systems Technology's net income appears to be on an upward trend, with a most recent value of $19.09 million in 2025, rising from $1.39 million in 2015. The previous period was $16.96 million in 2024. Find out what analysts predict for Tactile Systems Technology in the coming months.

Tactile Systems Technology's total operating income in 2025 was $29.28 million, based on the following breakdown:

Total Gross Profit: $250.15 million
Total Operating Expenses: $220.87 million

Over the last 10 years, Tactile Systems Technology's total revenue changed from $62.87 million in 2015 to $329.52 million in 2025, a change of 424.1%.

Tactile Systems Technology's total liabilities were at $55.04 million at the end of 2025, a 32.3% decrease from 2024, and a 467.7% increase since 2015.

In the past 10 years, Tactile Systems Technology's cash and equivalents has ranged from $7.06 million in 2015 to $94.37 million in 2024, and is currently $83.45 million as of their latest financial filing in 2025.

Over the last 10 years, Tactile Systems Technology's book value per share changed from -1.93 in 2015 to 9.80 in 2025, a change of -608.2%.

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Financial statements for NASDAQ:TCMD last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tactile Systems Technology (TCMD) Financials

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