)
Masimo (MASI) investor relations material
Masimo Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Capital allocation and financing
On December 1, 2025, a new unsecured credit agreement was executed, providing a $250M term loan and a $750M revolving credit facility, with an accordion feature for up to $400M in additional commitments, maturing December 1, 2030.
The agreement includes Bank of America as administrative agent, with several major banks as joint lead arrangers and lenders.
The facility allows for both ABR and Term SOFR loans, with interest rates and unused fees determined by a leverage-based pricing grid.
The agreement contains customary affirmative and negative covenants, including financial covenants: a maximum total net leverage ratio of 3.5x (step-up to 4.0x for certain material investments) and a minimum interest coverage ratio of 3.0x.
The facility includes provisions for letters of credit, cash collateralization, and lender replacement in the event of default or other specified circumstances.
Key financial ratios and metrics
Total net leverage ratio must not exceed 3.5x, with a temporary increase to 4.0x following a material investment, reverting after three quarters.
Interest coverage ratio must be at least 3.0x, calculated on a trailing four-quarter basis.
The agreement defines EBITDA and net leverage in detail, including permitted add-backs and exclusions.
Significant events and developments
The new credit agreement replaces the prior 2022 facility and was executed in connection with the company’s ongoing capital structure management.
The agreement supports general corporate purposes, including permitted acquisitions and share repurchases.
The agreement includes a comprehensive set of representations, warranties, and events of default, including cross-defaults, change of control, and material adverse effect clauses.
Next Masimo earnings date
Next Masimo earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage