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Red Flags Detected

  • Material Weakness (worsened) — Material weakness in inventory movement controls remains unresolved; remediation controls implemented but not yet tested.
  • Securities Litigation (worsened) — Securities class action advanced to discovery after partial denial of motion to dismiss.
NASDAQ: TMDX TransMedics Group, Inc. 10-Q

TransMedics revenue up 20.7% to $189.9M, but net income falls 55.7% to $16.5M on surging R&D and HQ costs

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 30, 2025 · ~1 min read

Key Changes

  • high

    Revenue grew 20.7% to $189.9M, but net income dropped 55.7% to $16.5M as operating expenses nearly doubled.

  • high

    Operating income fell, driven by a 98% jump in R&D expense for next-gen OCS and OCS Kidney development.

  • high

    New Somerville HQ finance lease adds right-of-use asset and liability; total capex estimated at -240M through 2030.

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 11, 2026 · How we verify