TransMedics (TMDX) Research & Development (2018 - 2026)
TransMedics (TMDX) posted quarterly Research & Development of $24.9 million for Q1 2026, up 44.98% year-over-year from $17.2 million in Q1 2025, and up 20.18% quarter-over-quarter from $20.7 million in Q4 2025.
TransMedics (TMDX) Research & Development (2018 - 2026) Analysis & Trends
TransMedics' Research & Development history runs 9 years deep, the most recent figure standing at $24.9 million for Q1 2026.
- In Q1 2026, Research & Development rose 44.98% year-over-year to $24.9 million; the TTM figure through Mar 2026 stood at $76.8 million (up 24.33% YoY), while the FY2025 annual figure 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.
- The 5-year median for Research & Development is $11.4 million (2024), against an average of $12.5 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development retreated 22.07% in 2023, then soared 93.83% in 2024.
- TransMedics' Research & Development stood at $5.8 million in 2022, then surged by 86.95% to $10.8 million in 2023, then soared by 53.0% to $16.5 million in 2024, then advanced by 25.73% to $20.7 million in 2025, then rose by 20.18% to $24.9 million in 2026.
- Business Quant data shows TMDX's Research & Development at $24.9 million in Q1 2026, $20.7 million in Q4 2025, and $15.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.61 Bn | 194.01 Bn | 7.27 Bn | 892.00 Mn |
| 2 | Stryker | 127.81 Bn | 124.34 Bn | 4.50 Bn | 434.00 Mn |
| 3 | Medtronic | 119.04 Bn | 109.82 Bn | 6.41 Bn | 671.00 Mn |
| 4 | Boston Scientific | 73.68 Bn | 73.14 Bn | 3.85 Bn | 554.00 Mn |
| 5 | Edwards Lifesciences | 51.96 Bn | 47.71 Bn | 1.35 Bn | 278.90 Mn |
| 6 | Dexcom | 34.36 Bn | 32.41 Bn | 830.00 Mn | 153.00 Mn |
| 7 | GE HealthCare Technologies | 33.83 Bn | 31.72 Bn | 2.18 Bn | 323.00 Mn |
| 8 | Koninklijke Philips | 26.36 Bn | 23.04 Bn | 4.55 Bn | -562.58 Mn |
| 9 | Steris | 23.06 Bn | 22.58 Bn | 684.20 Mn | 28.60 Mn |
| 10 | TransMedics | 3.19 Bn | 2.72 Bn | 113.20 Mn | 31.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.63 Mn |
| 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 |