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Tactile Systems (TCMD) investor relations material
Tactile Systems Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary3 Nov, 2025
Executive summary
Q3 2025 revenue reached $85.8 million, up 17% year-over-year, with strong growth in both lymphedema and airway clearance segments.
Net income rose 59% to $8.2 million for the quarter, with nine-month net income at $8.5 million.
Lymphedema revenue grew 11% year-over-year to $72.4 million; airway clearance revenue surged 71% to $13.4 million.
Gross margin improved to 76%, and adjusted EBITDA rose 34% to $14.4 million year-over-year.
Announced a $25 million share repurchase program and fully repaid a $24 million term loan.
Financial highlights
Q3 total revenue increased by $12.7 million (17%) year-over-year to $85.8 million.
Gross margin rose to 76% from 75% in Q3 2024, driven by lower manufacturing and warranty costs.
Operating income increased 62% to $11 million; net income rose 59% to $8.2 million ($0.36 per diluted share).
Adjusted EBITDA reached $14.4 million, up from $10.7 million in the prior year.
Cash and cash equivalents at quarter end were $66 million, with no outstanding borrowings.
Outlook and guidance
Full-year 2025 revenue guidance raised to $317–$321 million, up 8–10% year-over-year.
Adjusted EBITDA guidance increased to $38–$39.5 million for 2025.
Lymphedema product growth expected at 3–4%; airway clearance products at 52–55%.
GAAP gross margin expected at 75%; operating expenses to rise ~11% year-over-year.
Management expects continued growth, supported by investments in commercial infrastructure and product innovation.
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Next Tactile Systems earnings date
Piper Sandler 37th Annual Healthcare Conference2 Dec, 2025
Next Tactile Systems earnings date
Piper Sandler 37th Annual Healthcare Conference2 Dec, 2025
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Frequently asked questions
Tactile Systems Technology, Inc., also known as Tactile Medical, develops and provides medical devices for the treatment of chronic diseases at home. The company specializes in advanced compression therapy solutions designed to manage conditions such as lymphedema and chronic venous insufficiency. Tactile Medical's products aim to improve patients' quality of life by promoting circulation, reducing swelling, and supporting disease management outside of clinical settings. The company is headquartered in Minneapolis, Minnesota, and its shares are listed on the NASDAQ.
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