13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.3% per year over the past 5 years.
Operating margin has expanded, at -10.4% in the latest year.
Financial health
Total debt has grown faster than revenue (31.0% vs 18.3% per year).
Operating income covered interest expense -13.3× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.5B
-$200M
0.0%
-10.4%
$285M
—
$781M
2024
$2.6B
-$1.0B
0.0%
-39.7%
$283M
—
$1.3B
2023
$2.6B
-$220M
0.0%
-9.6%
$339M
—
$1.1B
2022
$2.4B
-$13.7B
69.1%
-567.3%
$173M
—
$918M
2021
$2.0B
-$429M
68.0%
-13.1%
$185M
—
$893M
2020
$1.1B
-$485M
64.3%
-46.3%
-$58M
—
$733M
2019
—
-$99M
—
—
$26M
—
$514M
2018
—
-$97M
—
—
-$9M
—
$424M
2017
—
-$107M
—
—
-$37M
—
$43M
2016
—
-$74M
—
—
-$54M
$44M
$50M
2015
—
-$58M
—
—
-$53M
$26M
$55M
2014
—
-$17M
—
—
—
$26M
$46M
2013
—
-$6M
—
—
—
—
$3M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$614M
-$64M
0.0%
-10.1%
$8M
—
$751M
Dec '25
$642M
-$25M
0.0%
-5.6%
$85M
—
$781M
Sep '25
$626M
-$50M
0.0%
-8.3%
$97M
—
$726M
Jun '25
$632M
-$33M
0.0%
-8.6%
$90M
—
$680M
Mar '25
$629M
-$93M
0.0%
-19.2%
$13M
—
$1.2B
Dec '24
$640M
-$48M
0.0%
-7.5%
$80M
—
$1.3B
Sep '24
$641M
-$33M
0.0%
-6.9%
$109M
—
$1.2B
Jun '24
$642M
-$838M
0.0%
-130.9%
$87M
—
$1.2B
Mar '24
$646M
-$82M
0.0%
-13.5%
$8M
—
$1.1B
Dec '23
$661M
-$29M
0.0%
-5.3%
$129M
—
$1.1B
Sep '23
$660M
-$57M
0.0%
-9.8%
$100M
—
$1.0B
Jun '23
$652M
-$65M
70.8%
-11.0%
$99M
—
$959M
Mar '23
$629M
-$69M
69.8%
-12.3%
$11M
—
$889M
Dec '22
$638M
-$3.8B
70.4%
-598.3%
$59M
—
$918M
Sep '22
$611M
-$73M
69.6%
-11.7%
$59M
—
$900M
Jun '22
$592M
-$3.1B
69.2%
-522.7%
$90M
—
$881M
Mar '22
$565M
-$6.7B
66.9%
-1179.7%
-$36M
—
$836M
Dec '21
$554M
-$11M
68.4%
-7.5%
$80M
—
$893M
Sep '21
$522M
-$84M
67.6%
-11.6%
$75M
—
$824M
Jun '21
$503M
-$134M
68.1%
-15.7%
$50M
—
$784M
Valuation over time
How the market has priced TDOC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 0.6× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is TDOC growing its revenue and profit?
Over the past 5 years, Teladoc Health, Inc.'s revenue has grown 18.3% per year. These are computed facts, not advice.
How much debt does TDOC have?
As of FY2025, Teladoc Health, Inc. reported — of total debt against $781M of cash; operating income covered interest expense -13.3×.
What is TDOC's profit margin?
In FY2025, gross margin was —, operating margin -10.4%, and net margin -7.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.