TransMedics (TMDX) Research & Development (2018 - 2026)
TransMedics' quarterly Research & Development came in at $24.9 million in Q1 2026, up 44.98% year-on-year from $17.2 million in Q1 2025, and up 20.18% quarter-over-quarter from $20.7 million in Q4 2025.
TransMedics has reported Research & Development for 9 years, with the latest figure at $24.9 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 44.98% year-over-year to $24.9 million; the trailing twelve-month figure through Mar 2026 stood at $76.8 million (up 24.33% YoY), and the FY2025 full-year result was $69.1 million, up 23.38% from the prior year.
- Research & Development for Q1 2026 stood at $24.9 million, up from $20.7 million in the prior quarter.
- The five-year high for Research & Development was $24.9 million in Q1 2026, with the low at $5.8 million in Q4 2022.
- Average Research & Development over 5 years is $12.5 million, with a median of $11.4 million recorded in 2024.
- Year-over-year, Research & Development dropped 22.07% in 2023 and soared 93.83% in 2024.
- Tracing TMDX's Research & Development over 5 years: stood at $5.8 million in 2022, then jumped by 86.95% to $10.8 million in 2023, then surged by 53.0% to $16.5 million in 2024, then grew by 25.73% to $20.7 million in 2025, then advanced by 20.18% to $24.9 million in 2026.
- The last three Research & Development figures came in at $24.9 million (Q1 2026), $20.7 million (Q4 2025), and $15.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 767.00 Mn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 413.00 Mn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 722.00 Mn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 516.00 Mn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 263.30 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -461.27 Mn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 145.30 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 345.00 Mn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 28.80 Mn |
| 10 | TransMedics | 2.32 Bn | 1.86 Bn | 101.16 Mn | 24.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.88 Mn |
| Dec 31, 2025 | 20.70 Mn |
| Sep 30, 2025 | 15.26 Mn |
| Jun 30, 2025 | 15.93 Mn |
| Mar 31, 2025 | 17.16 Mn |
| Dec 31, 2024 | 16.46 Mn |
| Sep 30, 2024 | 14.27 Mn |
| Jun 30, 2024 | 13.86 Mn |
| Mar 31, 2024 | 11.38 Mn |
| Dec 31, 2023 | 10.76 Mn |
| Sep 30, 2023 | 11.13 Mn |
| Jun 30, 2023 | 8.29 Mn |
| Mar 31, 2023 | 5.87 Mn |
| Dec 31, 2022 | 5.76 Mn |
| Sep 30, 2022 | 6.81 Mn |
| Jun 30, 2022 | 6.71 Mn |
| Mar 31, 2022 | 7.53 Mn |
| Dec 31, 2021 | 6.31 Mn |
| Sep 30, 2021 | 5.16 Mn |
| Jun 30, 2021 | 6.30 Mn |
| Mar 31, 2021 | 4.53 Mn |
| Dec 31, 2020 | 4.55 Mn |
| Sep 30, 2020 | 4.16 Mn |
| Jun 30, 2020 | 3.90 Mn |
| Mar 31, 2020 | 6.23 Mn |
| Dec 28, 2019 | 6.26 Mn |
| Sep 28, 2019 | 4.94 Mn |
| Jun 29, 2019 | 4.79 Mn |
| Mar 30, 2019 | 3.88 Mn |
| Dec 29, 2018 | 3.49 Mn |
| Sep 29, 2018 | 3.27 Mn |
| Jun 30, 2018 | 3.43 Mn |
| Mar 31, 2018 | 3.47 Mn |