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Companies / Health Care / TransMedics Group, Inc.
TMDX

TransMedics Group, Inc.

Health CareElectromedical Apparatus
Ticker TMDXANDOVER, MAFiscal year ends DecemberBook value per share $15.26Diluted shares 36.1M

TransMedics Group, Inc. (Nasdaq: TMDX) is a medical technology company focused on organ transplantation for patients with end-stage organ failure. Its Organ Care System (OCS) is a portable, warm-perfusion platform that maintains donor hearts, lungs and livers in a functioning state outside the body, enabling organ… From the company’s description.

Over the twelve months to Sep 30, 2026, TransMedics Group, Inc. reported revenue of $727.65M, up 28.5% from a year earlier, and net income of $144.45M. Its operating margin was 11.9%, and operations generated $112.36M in cash. In fiscal 2025, it reported revenue of $605.49M, up 37.1% from fiscal 2024, and net income of $190.29M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$605.49MFY2025
+37.1% year over year
Last 12 mo $727.65M
17.93%FY2025
+9.4 percentage points
Last 12 mo 11.88%
$190.29MFY2025
+436.6% year over year
Last 12 mo $144.45M
40.22%FY2025
+24.7 percentage points
Last 12 mo 26.23%
Cash & financing
$192.84MFY2025
+295.1% year over year
Last 12 mo $112.36M
$133.59MFY2025
+265.0% year over year
Last 12 mo $44.70M
1.08FY2025
Was 2.23× a year earlier
Last 12 mo 1.56
40.5MFY2025
+15.1% year over year
Last 12 mo 36.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What TransMedics Group, Inc. does

In the company’s own words

TransMedics Group, Inc. (Nasdaq: TMDX) is a medical technology company focused on organ transplantation for patients with end-stage organ failure. Its Organ Care System (OCS) is a portable, warm-perfusion platform that maintains donor hearts, lungs and livers in a functioning state outside the body, enabling organ monitoring and assessment during transport; products include OCS Heart, OCS Lung and OCS Liver. The company also provides its National OCS Program (NOP), an outsourced service combining organ procurement, OCS perfusion management and transplant logistics, including air and ground transportation, for U.S. transplant centers. It sells through the NOP and a direct acquisition model in which centers purchase equipment and disposables and train their own teams. Revenue is primarily from single-use, organ-specific disposable sets and NOP services. TransMedics acquired Summit Aviation in 2023, adding aircraft transportation to its logistics services, and has acquired 22 fixed-wing aircraft. It reports one business, with total revenue of $605.5 million in fiscal 2025 and 898 employees worldwide as of December 31, 2025. Its website is www.transmedics.com.

Company details
Sector
Health Care
Industry (SIC)
Electromedical Apparatus
Headquarters
ANDOVER, MA
Fiscal year end
December
CIK
1756262
SIC
3845

Financial performance, year by year

Fiscal 2019–2025 · USD
$-121.40M$110.16M$341.72M$573.28M$804.84M2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns TransMedics Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

323
funds hold it
0 of 35
superinvestors hold it
$1.38B
held by funds, at market
53.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · TransMedics Group, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.12%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Growth Fund
FCPGX · Fidelity Securities Fund
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

TransMedics Group, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of TransMedics Group, Inc.’s debt, $35.26M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 1.50%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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