Filing Flows › Tactile Systems Technology (TCMD) › Q4 2025
Tactile Systems Technology (TCMD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Tactile Systems Technology (TCMD) reported revenue of $104M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and +21% from the quarter before. Operating margin was 18.1%, net earnings $10.6M (10.3% of revenue).
Tactile Systems Technology, Q4 2025: revenue $104M (+21% year over year), operating margin 18.1%, net earnings $10.6M, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | +21% | +21% |
| Gross profit | $81.0M | +25% | +26% |
| Operating profit | $18.8M | +71% | +50% |
| Net earnings | $10.6M | +30% | +9% |
| Operating cash flow | $17.3M | +67% | +6% |
| Free cash flow | $16.8M | +82% | +6% |
What changed
Revenue was $103.6M in Q4 2025, up 21% year over year and up 21% from the previous quarter. Lymphedema products was the largest line at 86% of revenue.
Gross margin was 78.2%, up 3.0 points from a year earlier. Operating profit was $18.8M, a 18.1% margin (up 3.5 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 15% margin then. Operating expenses grew 20% against revenue growth of 21%. The fastest-growing cost line was General & admin (+26%). Net earnings were $10.6M, up 9% year over year. The effective tax rate was 45.3%.
Operating cash flow was $17.3M (up 6% year over year), 163% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $510K left free cash flow of $16.8M.
Questions
What was Tactile Systems Technology's revenue in the fourth quarter 2025?
Tactile Systems Technology (TCMD) reported revenue of $104M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and +21% from the quarter before.
Was Tactile Systems Technology profitable in the fourth quarter 2025?
Operating profit was $18.8M (18.1% of revenue) and net earnings $10.6M.