TransMedics Group (TMDX) Revenue & Revenue Breakdown

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TransMedics Group Revenue Highlights

Latest Revenue (Y)

$441.54M

Latest Revenue (Q)

$121.62M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

TransMedics Group Revenue by Period

TransMedics Group Revenue by Year

Date	Revenue	Change
2024-12-31	$441.54M	82.74%
2023-12-31	$241.62M	158.53%
2022-12-31	$93.46M	208.83%
2021-12-31	$30.26M	18.03%
2020-12-31	$25.64M	8.62%
2019-12-28	$23.60M	81.33%
2018-12-31	$13.02M	69.38%
2017-12-31	$7.68M	23.77%
2016-12-31	$6.21M	-

TransMedics Group generated $441.54M in revenue during NA 2024, up 82.74% compared to the previous quarter, and up 1870.62% compared to the same period a year ago.

TransMedics Group Revenue by Quarter

Date	Revenue	Change
2024-12-31	$121.62M	11.83%
2024-09-30	$108.76M	-4.85%
2024-06-30	$114.31M	18.02%
2024-03-31	$96.85M	19.31%
2023-12-31	$81.17M	22.19%
2023-09-30	$66.43M	26.62%
2023-06-30	$52.47M	26.26%
2023-03-31	$41.55M	32.44%
2022-12-31	$31.38M	22.16%
2022-09-30	$25.68M	25.15%
2022-06-30	$20.52M	29.23%
2022-03-31	$15.88M	64.25%
2021-12-31	$9.67M	80.04%
2021-09-30	$5.37M	-34.28%
2021-06-30	$8.17M	15.85%
2021-03-31	$7.05M	-7.53%
2020-12-31	$7.63M	7.56%
2020-09-30	$7.09M	109.11%
2020-06-30	$3.39M	-54.97%
2020-03-31	$7.53M	24.32%
2019-12-28	$6.06M	-15.93%
2019-09-28	$7.21M	27.16%
2019-06-29	$5.67M	21.17%
2019-03-30	$4.68M	31.94%
2018-12-31	$3.54M	-12.26%
2018-09-30	$4.04M	38.56%
2018-06-30	$2.92M	15.72%
2018-03-31	$2.52M	19.61%
2017-12-30	$2.11M	12.80%
2017-09-30	$1.87M	-16.35%
2017-07-01	$2.23M	-

TransMedics Group generated $121.62M in revenue during Q4 2024, up 11.83% compared to the previous quarter, and up 183.09% compared to the same period a year ago.

TransMedics Group Revenue Breakdown

TransMedics Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Service Revenue	$167.67M	$65.55M	$14.22M	-	-
Product	$273.87M	$176.05M	$79.23M	-	-
Ocs Liver Product	-	-	-	$1.91M	$5.25M
Ocs Lung Product	-	-	-	$10.66M	$6.19M
Ocs Heart Product	-	-	-	$17.68M	$14.20M

TransMedics Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (62.03%), and Service Revenue (37.97%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Service	$55.30M	$42.90M	$42.57M	$35.52M	$14.68M	$10.00M	$7.56M	-	-	-	-	-	-	-	-	-	-	-	-	-
Product	$88.23M	$74.95M	$65.86M	$71.73M	$61.33M	$88.51M	$11.09M	$42.46M	$33.99M	-	-	-	-	-	-	-	-	-	-	-
Ocs Liver Product	-	-	-	-	-	-	-	-	-	$12.54M	$9.62M	$7.87M	$1.47M	-	-	$442.00K	$2.12M	$1.00M	$736.00K	-
Ocs Lung Product	-	-	-	-	-	-	-	-	-	$1.60M	$2.84M	$2.30M	$2.14M	$2.52M	$3.57M	$2.43M	$3.09M	$659.00K	$435.00K	-
Ocs Heart Product	-	-	-	-	-	-	-	-	-	$11.54M	$8.06M	$5.71M	$6.05M	$2.85M	$4.60M	$4.18M	$2.42M	$5.43M	$2.22M	-
OCS Lung Product	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.01M
OCS Heart Product	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.13M
OCS Liver Product	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.39M

TransMedics Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Product (61.47%), and Service (38.53%).

TransMedics Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19
Other Countries	$880.00K	$3.97M	-	-
UNITED STATES	$7.97M	$21.86M	$19.24M	$16.25M
Non Us And Uk	-	$8.40M	$6.40M	-
GERMANY	-	-	-	$1.15M

TransMedics Group's latest annual revenue breakdown by geography, as of Dec 22: UNITED STATES (90.05%), and Other Countries (9.95%).

Quarterly Revenue by Country

Country	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19
UNITED STATES	$2.82M	$37.50M	$29.05M	$23.29M	$18.14M	$13.56M	$7.23M	$5.76M	$5.76M	$5.67M	$5.92M	$2.44M	$5.21M	$4.66M	$4.34M	$4.30M	$2.95M	-
Other Countries	$403.00K	$4.05M	$2.32M	$2.40M	$1.20M	$1.65M	$139.00K	-	-	-	-	-	-	-	-	-	-	-
Non Us And Uk	-	-	-	-	$2.38M	$2.32M	$4.36M	$1.90M	$1.31M	$824.00K	$4.10M	$491.00K	$596.00K	-	-	-	-	-
U S	-	-	-	-	-	-	-	$3.11M	-	-	-	-	-	-	-	-	-	-
Non US And UK	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.21M	-	-	-	-
GERMANY	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$276.00K	$194.00K	$358.00K	-
AUSTRALIA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$251.00K	$175.00K	-
ITALY	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$287.00K	-
Non-US	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.72M

TransMedics Group's latest quarterly revenue breakdown by geography, as of Jun 23: UNITED STATES (87.48%), and Other Countries (12.52%).

TransMedics Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MASI	Masimo	$2.09B	$600.70M
PODD	Insulet	$2.07B	$597.50M
PEN	Penumbra	$1.19B	$324.14M
INSP	Inspire Medical Systems	$802.80M	$201.32M
INMD	InMode	$492.05M	$80.28M
TMDX	TransMedics Group	$441.54M	$121.62M
LUNG	Pulmonx	$83.79M	$22.54M
NPCE	NeuroPace	$79.91M	$21.47M
TELA	TELA Bio	$69.30M	$17.65M
CVRX	CVRx	$51.29M	$15.34M
DCTH	Delcath Systems	$31.02M	$15.10M
OFIX	Orthofix Medical	-	$215.66M

TMDX Revenue FAQ

What is TransMedics Group’s yearly revenue?

TransMedics Group's yearly revenue for 2024 was $441.54M, representing an increase of 82.74% compared to 2023. The company's yearly revenue for 2023 was $241.62M, representing an increase of 158.53% compared to 2022. TMDX's yearly revenue for 2022 was $93.46M, representing an increase of 208.83% compared to 2021.

What is TransMedics Group’s quarterly revenue?

TransMedics Group's quarterly revenue for Q4 2024 was $121.62M, a 11.83% increase from the previous quarter (Q3 2024), and a 49.83% increase year-over-year (Q4 2023). The company's quarterly revenue for Q3 2024 was $108.76M, a -4.85% decrease from the previous quarter (Q2 2024), and a 63.72% increase year-over-year (Q3 2023). TMDX's quarterly revenue for Q2 2024 was $114.3M, a 18.02% increase from the previous quarter (Q1 2024), and a 117.87% increase year-over-year (Q2 2023).

What is TransMedics Group’s revenue growth rate?

TransMedics Group's revenue growth rate for the last 3 years (2022-2024) was 372.44%, and for the last 5 years (2020-2024) was 1622.14%.

What are TransMedics Group’s revenue streams?

TransMedics Group's revenue streams in c 24 are Service Revenue, and Product. Service Revenue generated $167.67M in revenue, accounting 37.97% of the company's total revenue, up 155.78% year-over-year. Product generated $273.87M in revenue, accounting 62.03% of the company's total revenue, up 55.56% year-over-year.

What is TransMedics Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of TransMedics Group was Product. This segment made a revenue of $273.87M, representing 62.03% of the company's total revenue.