Tandem Diabetes Care (TNDM) Operating Expenses (2013 - 2026)
Tandem Diabetes Care (TNDM) reported Operating Expenses of $154.2 million for Q1 2026, down 35.55% on a YoY basis from $239.3 million in Q1 2025, and down 3.11% quarter-over-quarter from $159.2 million in Q4 2025.
Tandem Diabetes Care (TNDM) Operating Expenses (2013 - 2026) Analysis & Trends
Tandem Diabetes Care has reported Operating Expenses for 14 years, with the latest figure at $154.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 35.55% year-over-year to $154.2 million; the trailing twelve-month figure through Mar 2026 stood at $648.2 million (down 6.28% YoY), and the FY2025 full-year result was $733.3 million, up 24.56% from the prior year.
- Operating Expenses for Q1 2026 stood at $154.2 million, down from $159.2 million in the prior quarter.
- The five-year high for Operating Expenses was $239.3 million in Q1 2025, with the low at $106.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $151.9 million across 5 years, with a median of $150.7 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 97.99% — and 2026, when it sank 35.55%.
- Tandem Diabetes Care's Operating Expenses stood at $133.3 million in 2022, then slipped by 3.71% to $128.4 million in 2023, then grew by 23.12% to $158.0 million in 2024, then gained by 0.72% to $159.2 million in 2025, then decreased by 3.11% to $154.2 million in 2026.
- The last three Operating Expenses figures came in at $154.2 million (Q1 2026), $159.2 million (Q4 2025), and $157.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Tandem Diabetes Care | 1.04 Bn | 474.17 Mn | 136.79 Mn | 154.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 154.22 Mn |
| Dec 31, 2025 | 159.17 Mn |
| Sep 30, 2025 | 157.16 Mn |
| Jun 30, 2025 | 177.67 Mn |
| Mar 31, 2025 | 239.29 Mn |
| Dec 31, 2024 | 158.04 Mn |
| Sep 30, 2024 | 150.75 Mn |
| Jun 30, 2024 | 143.57 Mn |
| Mar 31, 2024 | 136.35 Mn |
| Dec 31, 2023 | 128.36 Mn |
| Sep 30, 2023 | 121.30 Mn |
| Jun 30, 2023 | 140.54 Mn |
| Mar 31, 2023 | 210.72 Mn |
| Dec 31, 2022 | 133.30 Mn |
| Sep 30, 2022 | 151.92 Mn |
| Jun 30, 2022 | 114.19 Mn |
| Mar 31, 2022 | 106.43 Mn |
| Dec 31, 2021 | 100.99 Mn |
| Sep 30, 2021 | 89.03 Mn |
| Jun 30, 2021 | 87.02 Mn |