TransMedics Group, Inc., a commercial-stage medical technology company, engages in transforming organ transplant therapy for end-stage organ failure patients in the United States and internationally. The company offers Organ Care System (OCS), a portable organ perfusion, optimization, and monitoring system that utilizes its proprietary and customized technology to replicate near-physiologic conditions for donor organs outside of the human body. Its Organ Care System includes OCS LUNG for the preservation of standard criteria donor lungs for double-lung transplantation; OCS Heart, a technology for extracorporeal perfusion and preservation of donor hearts; and OCS Liver for the preservation of donor livers. The company was founded in 1998 and is headquartered in Andover, Massachusetts.

TransMedics Group, Inc.

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	566.4	531.3	488.2	441.5	401.1	358.8
Total Revenues %Chg	41.2%	48.1%	64.4%	82.7%	109.1%	137.5%
Net Product Revenue
Service Revenue
Cost of Sales	224.9	213.6	197.9	179.5	163.1	141
Cost of Net Product Revenue
Cost of Service Revenue
Gross Profit	341.4	317.7	290.3	262.1	238	217.8
Gross Profit
Gross Profit Margin	60.3%	59.8%	59.5%	59.4%	59.3%	60.7%
Selling, General & Administrative Expenses	180.6	177.3	176.1	168.6	156.3	144.3
Selling, General and Administrative
Research & Development Expenses	64.8	63.8	61.7	56	50.3	47.1
Research, Development and Clinical Trials
Acquired in-Process Research and Development Expenses
Operating Profit	96	76.6	52.5	37.5	31.5	-0.8
Income from Operations
Operating Margin	16.9%	14.4%	10.8%	8.5%	7.8%	-0.2%
Interest and Investment Income	—	—	—	12.7	—	—
Interest Income and Other Income, Net
Interest Expense	-14	-14.1	-14.3	-14.4	-14.4	-14.4
Interest Expense
Non-Operating Income	—	—	—	—	—	—
Change in Fair Value of Preferred Stock Warrant Liability
Total Non-Operating Income	-14	-14.1	-14.3	-1.7	-14.4	-14.4
Income Before Provision for Income Taxes	92.9	74.1	50.1	35.8	32.7	1.5
Income Before Income Taxes
Provision for Income Taxes	1.1	2.4	1.1	0.3	0	-1.5
(Provision) Benefit for Income Taxes
Consolidated Net Income	91.8	71.7	48.9	35.5	32.6	3
Net Income
Net Income Attributable to Common Shareholders	91.8	71.7	48.9	35.5	32.6	3
Net Income
Basic EPS	2.7	2.1	1.5	1.1	1	0.1
Diluted EPS	2.5	1.9	1.4	1	0.9	0
Basic Weighted Average Shares Outstanding	33.8	33.7	33.5	33.2	33	32.8
Total Shares Outstanding	34.1	34	33.8	33.6	33.6	33.3
Diluted Weighted Average Shares Outstanding	39.1	37.8	36.5	35.2	35	34.2
EBITDA	121.4	100.3	74.1	57.3	49.1	13.6
Effective Tax Rate	1.2%	3.3%	2.2%	0.9%	0%	-102.7%