Filing Flows › TransMedics Group (TMDX) › How it makes money
How TransMedics Group (TMDX) makes money
TransMedics Group (TMDX) made $203M of revenue in the third quarter 2026 (Q3 2026), +41% from a year earlier. Product brought in $113M (56%); Service brought in $89.6M (44%). Of every dollar of revenue, 58¢ was left as gross profit, 14¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $113M | 55.9% | +2% | +29% |
| Service | $89.6M | 44.1% | +14% | +60% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $203M | 100.0% |
| Cost of revenue | $84.3M | 41.5% |
| Gross profit | $119M | 58.5% |
| Operating expenses | $90.5M | 44.6% |
| Operating profit | $28.1M | 13.9% |
| Income tax | $7.0M | 3.5% |
| Net earnings | $17.1M | 8.4% |
| Operating cash flow | $36.0M | 17.7% |
| Free cash flow | $27.6M | 13.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $203M | +41% |
| Q2 2026 | $190M | +21% |
| Q1 2026 | $174M | +21% |
| Q4 2025 | $161M | +32% |
| Q3 2025 | $144M | +32% |
| Q2 2025 | $157M | +38% |
| Q1 2025 | $144M | +48% |
From TransMedics Group's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does TransMedics Group make money?
TransMedics Group (TMDX) made $203M of revenue in the third quarter 2026 (Q3 2026), +41% from a year earlier. Product brought in $113M (56%); Service brought in $89.6M (44%). Of every dollar of revenue, 58¢ was left as gross profit, 14¢ was left as operating profit, 8¢ was left as net earnings.
What is TransMedics Group's biggest business?
Product: $113M in the third quarter 2026, 56% of revenue, +29% from a year earlier.
What is TransMedics Group's profit margin?
Net earnings were $17.1M, 8.4% of revenue, in the third quarter 2026; the operating margin was 13.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.