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Tactile Systems Technology (TCMD) Financials

Tactile Systems Technology logo
$23.82 +0.39 (+1.66%)
As of 08/21/2026 04:00 PM Eastern
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Annual Income Statements for Tactile Systems Technology

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

Quarterly Income Statements for Tactile Systems Technology

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 8.20 -2.21 4.30 5.16 9.72 -2.97 3.22 8.21 11 -1.76 7.79
Consolidated Net Income / (Loss)		 8.20 -2.21 4.30 5.16 9.72 -2.97 3.22 8.21 11 -1.76 7.79
Net Income / (Loss) Continuing Operations		 8.20 -2.21 4.30 5.16 9.72 -2.97 3.22 8.21 11 -1.76 7.79
Total Pre-Tax Income 		12 -2.81 6.07 7.23 13 -4.07 4.52 11 19 -0.90 7.37
Total Operating Income		 12 -2.96 5.85 6.78 13 -4.54 4.08 11 19 -1.53 6.83
Total Gross Profit		 56 43 54 55 64 45 59 65 81 58 65
Total Revenue		 78 61 73 73 86 61 79 86 104 75 86
Operating Revenue		 78 61 73 73 86 61 79 86 104 75 86
Total Cost of Revenue		 22 18 19 18 21 16 20 21 23 18 20
Operating Cost of Revenue		 22 18 19 18 21 16 20 21 23 18 20
Total Operating Expenses		 44 46 48 48 52 50 55 54 62 59 59
Selling, General & Admin Expense		 15 16 17 18 20 20 22 21 25 23 23
Marketing Expense		 27 27 29 27 29 28 30 30 34 33 32
Research & Development Expense		 1.79 2.14 2.23 2.42 2.04 1.74 2.02 2.19 2.53 2.78 2.50
Amortization Expense		 0.63 0.63 0.63 0.63 0.63 0.63 0.62 0.60 0.60 0.60 0.65
Total Other Income / (Expense), net		 -0.04 0.16 0.23 0.45 0.48 0.47 0.44 0.47 0.67 0.64 0.54
Interest Expense		 - 0.57 0.53 0.52 - 0.42 0.41 0.19 0.01 0.03 0.02
Interest & Investment Income		 - 0.71 0.75 0.97 - 0.90 0.85 0.67 0.69 0.67 0.56
Other Income / (Expense), net		 2.24 0.01 0.00 0.00 -0.82 - 0.00 0.00 - - 0.00
Income Tax Expense		 3.56 -0.60 1.78 2.08 3.28 -1.10 1.31 3.23 8.82 0.87 -0.42
Weighted Average Basic Shares Outstanding		 22.93M 23.67M 23.87M 23.99M 23.88M 23.71M 23.09M 22.32M 22.87M 22.56M 22.68M
Weighted Average Diluted Shares Outstanding		 23.18M 23.67M 24.10M 24.25M 24.14M 23.71M 23.24M 22.51M 23.30M 22.56M 23.06M
Weighted Average Basic & Diluted Shares Outstanding		 23.60M 23.76M 23.97M 24.00M 23.59M 23.25M 22.29M 22.34M 22.44M 22.56M 22.65M

Annual Cash Flow Statements for Tactile Systems Technology

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

Quarterly Cash Flow Statements for Tactile Systems Technology

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -5.00 -0.33 13 8.53 12 -11 -2.09 -16 17 -8.45 -5.14
Net Cash From Operating Activities		 18 0.92 13 10 16 0.42 15 10 17 -0.34 3.25
Net Cash From Continuing Operating Activities		 18 0.92 13 10 16 0.42 15 10 17 -0.34 3.25
Net Income / (Loss) Continuing Operations		 8.20 -2.21 4.30 5.16 9.72 -2.97 3.22 8.21 11 -1.76 7.79
Consolidated Net Income / (Loss)		 8.20 -2.21 4.30 5.16 9.72 -2.97 3.22 8.21 11 -1.76 7.79
Depreciation Expense		 1.62 1.63 1.71 1.73 1.71 1.73 1.66 1.64 1.62 1.64 1.81
Non-Cash Adjustments To Reconcile Net Income		 1.14 1.91 2.68 1.91 1.47 1.49 2.37 1.40 1.82 2.11 2.48
Changes in Operating Assets and Liabilities, net		 7.39 -0.41 4.45 1.46 3.44 0.17 7.51 -0.90 3.23 -2.33 -8.82
Net Cash From Investing Activities		 -0.94 -0.50 -0.53 -0.98 -0.49 -0.41 -0.40 -1.15 -0.58 -7.06 -4.32
Net Cash From Continuing Investing Activities		 -0.94 -0.50 -0.53 -0.98 -0.49 -0.41 -0.40 -1.15 -0.58 -7.06 -4.32
Purchase of Property, Plant & Equipment		 -0.90 -0.48 -0.50 -0.95 -0.46 -0.38 -0.37 -1.12 -0.51 -0.82 -1.28
Acquisitions		 -0.04 -0.02 -0.04 -0.03 -0.03 -0.03 -0.03 -0.03 -0.07 -6.24 -0.04
Net Cash From Financing Activities		 -22 -0.75 0.30 -0.75 -3.62 -11 -16 -25 0.76 -1.05 -4.08
Net Cash From Continuing Financing Activities		 -22 -0.75 0.30 -0.75 -3.62 -11 -16 -25 0.76 -1.05 -4.08
Repurchase of Common Equity		 - 0.00 - - - -10 -17 - 0.00 -1.07 -5.28
Issuance of Common Equity		 0.66 - 1.04 - 0.62 0.00 - - 0.55 0.00 1.03
Other Financing Activities, net		 -5.57 0.00 0.00 - 0.02 0.01 - - 0.21 0.02 0.18
Cash Interest Paid		 1.75 0.58 0.52 0.51 0.49 0.44 0.38 0.01 0.38 0.02 0.01
Cash Income Taxes Paid		 2.81 0.05 2.12 2.25 2.42 0.02 0.88 0.01 1.60 0.01 2.63

Annual Balance Sheets for Tactile Systems Technology

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
Current Deferred & Refundable Income Taxes		 1.77 - 2.12 1.79 - - - - - - 0.00
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
Commitments & Contingencies		 - 0.00 0.00 - 0.00 0.00 0.00 0.00 - - 0.00
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

Quarterly Balance Sheets for Tactile Systems Technology

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 276 274 293 272 279 288 280 273 259 272 280
Total Current Assets		 145 150 152 141 152 162 160 153 141 153 158
Cash & Equivalents		 55 63 66 61 74 82 84 82 66 75 70
Short-Term Investments		 14 13 14 14 14 14 15 14 15 15 15
Accounts Receivable		 51 47 44 40 42 40 36 33 37 38 43
Inventories, net		 20 20 23 21 19 21 19 17 16 17 17
Prepaid Expenses		 4.88 4.48 4.67 4.91 3.91 5.13 5.90 6.35 7.25 7.85 12
Current Deferred & Refundable Income Taxes		 0.73 1.78 - - - - 1.19 0.46 - - 0.91
Plant, Property, & Equipment, net		 5.66 5.77 5.49 6.22 5.69 5.88 5.39 4.90 5.46 5.20 5.85
Total Noncurrent Assets		 124 118 136 125 121 119 115 115 112 114 116
Goodwill		 31 31 31 31 31 31 31 31 31 40 40
Intangible Assets		 49 49 48 46 45 44 42 41 40 42 45
Noncurrent Deferred & Refundable Income Taxes		 - - 21 19 19 20 18 18 17 8.72 8.70
Other Noncurrent Operating Assets		 24 23 22 21 21 21 24 25 24 23 23
Total Liabilities & Shareholders' Equity		 276 274 293 272 279 288 280 273 259 272 280
Total Liabilities		 119 115 110 79 78 80 75 78 54 54 56
Total Current Liabilities		 51 49 46 33 34 37 35 40 39 36 38
Accounts Payable		 9.59 9.30 6.40 5.49 5.09 7.29 7.22 8.03 7.99 7.12 7.92
Accrued Expenses		 6.60 5.17 5.33 6.87 6.70 7.09 7.18 8.18 7.86 8.55 8.42
Current Deferred & Payable Income Tax Liabilities		 0.00 0.00 2.09 0.73 0.50 0.61 0.00 0.00 1.20 2.16 0.00
Current Employee Benefit Liabilities		 11 14 15 11 12 13 11 13 15 11 16
Other Current Liabilities		 21 17 14 6.08 6.87 6.12 7.12 8.56 7.41 7.14 6.29
Total Noncurrent Liabilities		 68 66 65 45 44 43 39 38 15 18 18
Noncurrent Deferred Revenue		 0.45 0.45 0.44 0.50 0.50 0.50 0.36 0.36 0.33 0.37 0.37
Other Noncurrent Operating Liabilities		 22 22 21 20 19 18 16 16 15 18 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 - - - - - 0.00
Total Equity & Noncontrolling Interests		 156 159 183 193 201 208 206 195 205 218 224
Total Preferred & Common Equity		 156 159 183 193 201 208 206 195 205 218 224
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		 156 159 183 193 201 208 206 195 205 218 224
Common Stock		 168 170 172 177 180 182 173 159 161 165 163
Retained Earnings		 -12 -12 11 17 21 26 33 36 44 53 61

Annual Metrics And Ratios for Tactile Systems Technology

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%

Quarterly Metrics And Ratios for Tactile Systems Technology

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - 23,585,175.00 23,248,353.00 22,292,145.00 - 22,438,926.00 22,556,260.00
DEI Adjusted Shares Outstanding		 - - - - - 23,585,175.00 23,248,353.00 22,292,145.00 - 22,438,926.00 22,556,260.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.13 0.14 0.37 - -0.08 0.35
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.08% 3.81% 7.14% 5.04% 10.22% 0.29% 7.77% 17.32% 21.04% 22.85% 8.61%
EBITDA Growth		 39.50% 62.93% 172.20% -2.87% -14.40% -113.17% -24.03% 47.99% 43.34% 103.73% 50.39%
EBIT Growth		 45.79% 41.47% 397.87% -4.64% -16.71% -53.71% -30.18% 61.67% 50.02% 66.23% 67.14%
NOPAT Growth		 56.49% 22.12% 2,553.51% -79.42% 13.77% -53.24% -29.85% 62.82% 9.67% 66.23% 148.41%
Net Income Growth		 77.49% -17.13% 4,398.00% -76.88% 18.46% -34.63% -25.15% 59.24% 9.45% 40.72% 142.00%
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		 376.06% 284.06% -5.51% 150.39% -11.00% -54.87% 12.29% 0.83% 5.90% -181.30% -77.95%
Free Cash Flow Firm Growth		 -146.44% -139.14% -236.91% 2,241.72% 423.83% 182.48% 380.32% 41.56% 6.03% -65.18% -140.17%
Invested Capital Growth		 11.60% 8.36% 8.81% -7.36% -9.27% -9.70% -12.41% -10.51% -10.58% -3.71% 12.47%
Revenue Q/Q Growth		 11.59% -21.33% 19.86% -0.17% 17.09% -28.41% 28.79% 8.68% 20.80% -27.34% 13.86%
EBITDA Q/Q Growth		 69.63% -108.78% 762.55% 15.18% 49.49% -119.79% 303.94% 119.41% 61.85% -99.49% 8,125.71%
EBIT Q/Q Growth		 85.06% -123.88% 316.23% 19.08% 61.65% -136.29% 189.92% 168.44% 71.26% -108.17% 544.98%
NOPAT Q/Q Growth		 -64.97% -125.22% 299.48% 16.77% 93.67% -133.97% 191.32% 171.02% 30.46% -110.46% 771.66%
Net Income Q/Q Growth		 -63.22% -126.93% 294.57% 19.94% 88.48% -130.61% 208.17% 155.18% 29.54% -116.58% 541.58%
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		 348.05% -94.97% 1,322.29% -21.96% 59.25% -97.45% 3,438.85% -29.92% 67.26% -101.96% 1,059.88%
Free Cash Flow Firm Q/Q Growth		 -861.10% -88.43% 45.65% 317.60% 45.32% -52.01% 84.71% 9.89% 8.84% -84.24% -313.07%
Invested Capital Q/Q Growth		 -1.46% -0.48% -3.86% -1.73% -3.50% -0.95% -6.76% 0.41% -3.58% 6.66% 8.91%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 72.13% 71.09% 73.89% 74.96% 75.21% 74.01% 74.51% 75.80% 78.20% 76.55% 76.26%
EBITDA Margin		 20.17% -1.92% 10.63% 12.27% 15.66% -4.60% 7.28% 14.69% 19.69% 0.14% 10.08%
Operating Margin		 15.20% -4.85% 7.99% 9.28% 14.62% -7.41% 5.17% 12.78% 18.12% -2.04% 7.97%
EBIT Margin		 18.08% -4.60% 8.30% 9.90% 13.66% -7.41% 5.18% 12.78% 18.12% -2.04% 7.97%
Profit (Net Income) Margin		 10.56% -3.62% 5.87% 7.05% 11.35% -4.85% 4.08% 9.57% 10.27% -2.34% 9.08%
Tax Burden Percent		 69.72% 78.64% 70.76% 71.27% 74.79% 73.05% 71.11% 71.78% 54.68% 196.76% 105.66%
Interest Burden Percent		 83.81% 100.00% 100.00% 100.00% 111.11% 89.63% 110.77% 104.32% 103.59% 58.41% 107.94%
Effective Tax Rate		 30.28% 0.00% 29.24% 28.73% 25.21% 0.00% 28.89% 28.22% 45.32% 0.00% -5.66%
Return on Invested Capital (ROIC)		 20.79% -6.66% 11.75% 13.07% 22.77% -10.89% 8.31% 21.75% 25.76% -3.77% 22.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 20.93% -6.26% 11.39% 12.44% 22.22% -11.23% 7.83% 21.30% 25.35% -2.92% 21.71%
Return on Net Nonoperating Assets (RNNOA)		 -2.34% 1.20% -2.81% -3.26% -6.98% 3.37% -2.59% -7.74% -10.59% 1.13% -8.09%
Return on Equity (ROE)		 18.44% -5.45% 8.94% 9.81% 15.79% -7.52% 5.72% 14.01% 15.17% -2.64% 14.35%
Cash Return on Invested Capital (CROIC)		 12.35% 13.21% 15.69% 17.97% 21.10% 20.93% 23.63% 23.88% 25.24% 18.37% 6.01%
Operating Return on Assets (OROA)		 18.50% -4.65% 8.45% 9.71% 13.82% -7.87% 5.61% 14.56% 20.89% -2.54% 10.10%
Return on Assets (ROA)		 10.81% -3.65% 5.98% 6.92% 11.48% -5.15% 4.42% 10.91% 11.83% -2.91% 11.52%
Return on Common Equity (ROCE)		 18.44% -5.45% 8.94% 9.81% 15.79% -7.52% 5.72% 14.01% 15.17% -2.64% 14.35%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 14.57% 16.24% 7.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 8.23 -2.07 4.14 4.83 9.36 -3.18 2.90 7.87 10 -1.07 7.21
NOPAT Margin		 10.59% -3.40% 5.65% 6.61% 10.94% -5.19% 3.68% 9.18% 9.91% -1.43% 8.42%
Net Nonoperating Expense Percent (NNEP)		 -0.14% -0.40% 0.36% 0.63% 0.55% 0.34% 0.48% 0.45% 0.41% -0.84% 0.73%
Return On Investment Capital (ROIC_SIMPLE)		 3.69% - - - 3.86% -1.38% 1.32% 3.84% 4.69% -0.49% 3.22%
Cost of Revenue to Revenue		 27.87% 28.91% 26.11% 25.04% 24.79% 25.99% 25.49% 24.20% 21.80% 23.45% 23.75%
SG&A Expenses to Revenue		 19.57% 26.62% 22.92% 24.79% 23.34% 32.64% 27.92% 25.00% 24.36% 30.62% 27.26%
R&D to Revenue		 2.31% 3.51% 3.05% 3.31% 2.38% 2.84% 2.56% 2.56% 2.44% 3.69% 2.92%
Operating Expenses to Revenue		 56.93% 75.94% 65.90% 65.68% 60.59% 81.43% 69.34% 63.01% 60.07% 78.58% 68.29%
Earnings before Interest and Taxes (EBIT)		 14 -2.81 6.07 7.23 12 -4.54 4.08 11 19 -1.53 6.83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 -1.18 7.79 8.97 13 -2.82 5.74 13 20 0.11 8.64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.74 1.97 1.41 1.68 1.90 1.52 1.21 1.51 2.96 2.69 3.00
Price to Tangible Book Value (P/TBV)		 2.90 3.27 2.27 2.63 2.88 2.35 1.92 2.30 4.36 4.31 4.81
Price to Revenue (P/Rev)		 1.22 1.38 1.01 1.23 1.40 1.06 0.79 0.99 1.97 1.71 1.92
Price to Earnings (P/E)		 11.78 13.54 8.71 22.67 24.24 19.25 15.60 16.98 33.94 28.89 27.01
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		 8.49% 7.38% 11.49% 4.41% 4.13% 5.19% 6.41% 5.89% 2.95% 3.46% 3.70%
Enterprise Value to Invested Capital (EV/IC)		 1.96 2.28 1.59 2.03 2.45 1.80 1.33 1.83 4.58 3.89 4.22
Enterprise Value to Revenue (EV/Rev)		 1.06 1.21 0.80 0.99 1.12 0.81 0.55 0.73 1.66 1.44 1.68
Enterprise Value to EBITDA (EV/EBITDA)		 11.79 13.79 7.67 9.70 11.33 8.69 6.41 7.65 15.27 12.77 14.06
Enterprise Value to EBIT (EV/EBIT)		 16.07 18.87 9.91 12.62 14.80 11.59 8.73 9.89 18.73 15.37 16.76
Enterprise Value to NOPAT (EV/NOPAT)		 8.89 11.18 6.86 18.87 20.50 15.91 11.94 13.55 30.76 26.13 25.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.09 8.99 6.14 6.58 8.08 5.95 3.94 5.44 12.81 11.80 19.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.78 17.98 10.55 10.84 11.06 8.16 5.26 7.26 17.14 20.75 74.30
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.15 0.15 0.14 0.13 0.12 0.12 0.13 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.14 0.13 0.12 0.12 0.11 0.11 0.11 0.00 0.00 0.00 0.00
Financial Leverage		 -0.11 -0.19 -0.25 -0.26 -0.31 -0.30 -0.33 -0.36 -0.42 -0.39 -0.37
Leverage Ratio		 1.70 1.57 1.54 1.49 1.41 1.38 1.39 1.32 1.31 1.30 1.32
Compound Leverage Factor		 1.43 1.57 1.54 1.49 1.57 1.24 1.55 1.38 1.36 0.76 1.42
Debt to Total Capital		 13.08% 12.80% 12.11% 11.46% 10.78% 11.01% 11.25% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 1.33% 1.33% 1.29% 1.26% 1.22% 1.28% 1.35% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 11.75% 11.47% 10.82% 10.20% 9.56% 9.73% 9.90% 0.00% 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		 86.92% 87.20% 87.89% 88.54% 89.22% 88.99% 88.75% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 1.19 1.17 0.95 0.93 0.90 0.93 0.96 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -1.88 -1.92 -2.04 -2.39 -2.85 -2.66 -2.78 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 1.06 1.05 0.85 0.83 0.80 0.82 0.85 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.89 0.95 0.85 1.81 1.63 1.69 1.79 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -1.41 -1.56 -1.82 -4.65 -5.17 -4.87 -5.18 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.80 0.85 0.76 1.61 1.45 1.50 1.58 0.00 0.00 0.00 0.00
Altman Z-Score		 3.97 4.46 3.87 4.36 4.87 4.20 3.63 5.47 9.32 8.52 9.37
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		 3.54 4.26 4.44 4.37 4.36 4.52 3.79 3.61 4.03 4.24 4.12
Quick Ratio		 2.88 3.49 3.77 3.66 3.78 3.79 3.19 3.01 3.49 3.57 3.34
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -7.11 -13 -7.29 16 23 11 20 22 24 3.85 -8.20
Operating Cash Flow to CapEx		 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% 254.02%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 26.08 49.82 116.29 2,220.86 137.51 -431.77
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.98 35.99 53.58 1,572.36 -12.11 171.26
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.09 35.09 47.77 1,526.00 -41.43 103.84
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.02 1.01 1.02 0.98 1.01 1.06 1.08 1.14 1.15 1.24 1.27
Accounts Receivable Turnover		 5.60 6.05 6.36 6.80 6.65 7.70 7.97 8.07 7.42 9.30 9.19
Inventory Turnover		 3.47 3.90 4.02 3.43 3.70 3.76 4.20 4.19 4.86 4.58 4.79
Fixed Asset Turnover		 44.72 46.61 49.13 50.17 49.67 50.51 56.45 54.95 61.48 64.89 65.20
Accounts Payable Turnover		 9.53 10.55 10.93 11.21 12.40 11.73 11.52 10.21 14.95 11.31 10.20
Days Sales Outstanding (DSO)		 65.17 60.36 57.36 53.68 54.88 47.43 45.81 45.24 49.19 39.27 39.71
Days Inventory Outstanding (DIO)		 105.07 93.71 90.87 106.26 98.53 97.20 86.85 87.17 75.16 79.76 76.18
Days Payable Outstanding (DPO)		 38.31 34.58 33.39 32.57 29.44 31.12 31.69 35.75 24.41 32.28 35.78
Cash Conversion Cycle (CCC)		 131.94 119.49 114.84 127.38 123.98 113.51 100.98 96.67 99.94 86.74 80.11
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 148 147 141 139 134 133 124 124 120 128 139
Invested Capital Turnover		 1.96 1.96 2.08 1.98 2.08 2.10 2.26 2.37 2.60 2.64 2.67
Increase / (Decrease) in Invested Capital		 15 11 11 -11 -14 -14 -18 -15 -14 -4.92 15
Enterprise Value (EV)		 290 335 224 281 328 239 164 228 549 496 587
Market Capitalization		 336 382 284 350 411 312 236 309 648 586 672
Book Value per Share		 $8.24 $8.18 $8.45 $8.67 $9.03 $8.72 $8.38 $9.19 $9.80 $9.71 $9.92
Tangible Book Value per Share		 $4.93 $4.93 $5.25 $5.55 $5.95 $5.63 $5.29 $6.00 $6.66 $6.06 $6.19
Total Capital		 223 222 228 235 243 231 220 205 219 218 224
Total Debt		 29 28 28 27 26 25 25 0.00 0.00 0.00 0.00
Total Long-Term Debt		 26 25 25 24 23 22 22 0.00 0.00 0.00 0.00
Net Debt		 -46 -47 -60 -69 -83 -73 -71 -81 -99 -90 -85
Capital Expenditures (CapEx)		 0.90 0.48 0.50 0.95 0.46 0.38 0.37 1.12 0.51 0.82 1.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 32 36 33 32 31 29 20 21 25 27 35
Debt-free Net Working Capital (DFNWC)		 107 111 121 128 140 128 116 102 124 117 119
Net Working Capital (NWC)		 104 108 118 125 137 125 113 102 124 117 119
Net Nonoperating Expense (NNE)		 0.03 0.13 -0.16 -0.32 -0.36 -0.21 -0.31 -0.34 -0.37 0.69 -0.57
Net Nonoperating Obligations (NNO)		 -46 -47 -60 -69 -83 -73 -71 -81 -99 -90 -85
Total Depreciation and Amortization (D&A)		 1.62 1.63 1.71 1.73 1.71 1.73 1.66 1.64 1.62 1.64 1.81
Debt-free, Cash-free Net Working Capital to Revenue		 11.65% 13.04% 11.88% 11.25% 10.55% 9.96% 6.54% 6.87% 7.59% 7.75% 9.87%
Debt-free Net Working Capital to Revenue		 39.06% 40.16% 42.84% 44.97% 47.72% 43.55% 38.66% 32.81% 37.69% 34.01% 34.07%
Net Working Capital to Revenue		 37.98% 39.09% 41.79% 43.93% 46.71% 42.54% 37.67% 32.81% 37.69% 34.01% 34.07%
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		 22.93M 23.67M 23.87M 23.99M 23.88M 23.71M 23.09M 22.32M 22.87M 22.56M 22.68M
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		 23.18M 23.67M 24.10M 24.25M 24.14M 23.71M 23.24M 22.51M 23.30M 22.56M 23.06M
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		 23.60M 23.76M 23.97M 24.00M 23.59M 23.25M 22.29M 22.34M 22.44M 22.56M 22.65M
Normalized Net Operating Profit after Tax (NOPAT)		 8.23 -2.07 4.14 4.83 9.36 -3.18 2.90 7.87 10 -1.07 4.78
Normalized NOPAT Margin		 10.59% -3.40% 5.65% 6.61% 10.94% -5.19% 3.68% 9.18% 9.91% -1.43% 5.58%
Pre Tax Income Margin		 15.15% -4.60% 8.30% 9.90% 15.18% -6.64% 5.73% 13.34% 18.77% -1.19% 8.60%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -10.71 9.96 56.80 1,706.82 -54.79 359.26
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -7.50 7.08 40.77 933.23 -38.35 379.60
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -11.61 9.06 50.99 1,660.45 -84.11 291.84
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -8.39 6.18 34.96 886.86 -67.67 312.18
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% 20.68% 83.52% 198.95% 165.51% 139.16% 86.79% 25.56%

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.

08/23/26 11:34 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 financial year ends in December. Their financial 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. See Tactile Systems Technology's forecast for analyst expectations on what's next for the company.

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 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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