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TNDM Financials Tandem Diabetes Care Inc

14 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 15.3% per year over the past 5 years.
  • Operating margin has contracted, at -18.5% in the latest year.

Financial health

  • Total debt ($310M) exceeds cash ($91M); net debt is $219M.
  • Total debt has grown slower than revenue (4.3% vs 15.3% per year).
  • Operating income covered interest expense -23.7× in the latest year.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 3.1 years of cash runway.
Revenue & net income
-$223M $396M $1B $0 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-99% -23% 54% 0% 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-146% 631% 1408% 0% 2012 2014 2016 2018 2020 2022 2024
ROEROA
Free cash flow (CFO − capex)
-$72M $13M $97M $0 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $174M $349M 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$296M $9M $314M $0 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.0B -$205M 53.8% -18.5% -131.9% -23.2% -$30M $310M $91M
2024 $940M -$96M 52.1% -10.5% -36.5% -9.9% $5M $349M $69M
2023 $748M -$223M 49.2% -31.2% -71.0% -23.4% -$59M $285M $59M
2022 $801M -$95M 51.5% -11.6% -21.5% -9.0% $16M $173M
2021 $703M $16M 53.5% 3.2% 3.6% 1.7% $97M $71M
2020 $499M -$34M 52.2% -1.6% -9.4% -4.8% -$3M $95M
2019 $362M -$25M 53.6% -4.6% -12.7% -7.6% $22M $51M
2018 $184M -$123M 48.9% -24.3% -93.4% -59.4% -$11M $42M
2017 $108M -$73M 41.0% -58.5% 250.6% -76.6% -$72M $83M $14M
2016 $84M -$83M 28.0% -92.6% 1407.9% -74.2% -$70M $81M $45M
2015 -$72M -114.1% -58.1% $30M $43M
2014 -$80M -145.7% -74.7% $30M $31M
2013 -$63M -54.6% -38.9% $124M
2012 -$33M 31.1% $17M

Valuation over time

How the market has priced TNDM 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.

Price / sales (P/S)
0.0 2.4 4.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is TNDM growing its revenue and profit?

Over the past 5 years, Tandem Diabetes Care Inc's revenue has grown 15.3% per year. These are computed facts, not advice.

How much debt does TNDM have?

As of FY2025, Tandem Diabetes Care Inc reported $310M of total debt against $91M of cash; operating income covered interest expense -23.7×.

What is TNDM's profit margin?

In FY2025, gross margin was 53.8%, operating margin -18.5%, and net margin -20.2%.

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.