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	143.8	157.4	143.5	121.6	108.8	114.3
Total Revenues %Chg	32.2%	37.7%	48.2%	49.8%	63.7%	117.9%
Net Product Revenue
Service Revenue
Cost of Sales	59.2	60.8	55.3	49.6	47.9	45
Cost of Net Product Revenue
Cost of Service Revenue
Gross Profit	84.6	96.6	88.2	72	60.8	69.3
Gross Profit
Gross Profit Margin	58.8%	61.4%	61.5%	59.2%	55.9%	60.6%
Selling, General & Administrative Expenses	46	44.1	43.6	46.9	42.7	42.9
Selling, General and Administrative
Research & Development Expenses	15.3	15.9	17.2	16.5	14.3	13.9
Research, Development and Clinical Trials
Acquired in-Process Research and Development Expenses
Operating Profit	23.3	36.6	27.4	8.6	3.9	12.5
Income from Operations
Operating Margin	16.2%	23.2%	19.1%	7.1%	3.6%	10.9%
Interest and Investment Income	3.2	3.1	2.7	1.9	3.9	3.3
Interest Income and Other Income (Expense), Net
Interest Income and Other Income, Net
Interest Expense	-3.5	-3.5	-3.5	-3.6	-3.6	-3.6
Interest Expense
Non-Operating Income	—	—	—	—	—	—
Change in Fair Value of Preferred Stock Warrant Liability
Other Income
Total Non-Operating Income	-0.3	-0.4	-0.8	-1.7	0.3	-0.4
Income Before Provision for Income Taxes	23	36.2	26.7	7	4.2	12.2
Income Before Income Taxes
Provision for Income Taxes	-1.3	1.3	1	0.1	0	-0
(Provision) Benefit for Income Taxes
Consolidated Net Income	24.3	34.9	25.7	6.9	4.2	12.2
Net Income
Net Income Attributable to Common Shareholders	24.3	34.9	25.7	6.9	4.2	12.2
Net Income
Basic EPS	0.7	1	0.8	0.2	0.1	0.4
Diluted EPS	0.7	0.9	0.7	0.2	0.1	0.4
Basic Weighted Average Shares Outstanding	34.1	33.9	33.7	33.6	33.4	33.1
Total Shares Outstanding	34.1	34	33.8	33.6	33.6	33.3
Diluted Weighted Average Shares Outstanding	40.7	40.6	39.9	35.2	35.7	35.3
EBITDA	30.1	43.3	33.6	14.3	9.1	17.1
Effective Tax Rate	-5.6%	3.5%	3.7%	1.9%	0.7%	-0.3%