NASDAQ : DXCM
DexCom, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 79.93 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 30.16B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
DexCom, Inc. (DXCM) reported revenue of 5.10B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.10B | 4.66B | 4.03B | 3.62B | 2.91B | 2.45B |
| Cost of Revenue | 1.87B | 1.86B | 1.59B | 1.33B | 1.03B | 768.00M |
| Gross Profit | 3.24B | 2.80B | 2.44B | 2.29B | 1.88B | 1.68B |
| Selling, General & Admin | 1.41B | 1.29B | 1.29B | 1.19B | 1.01B | 810.50M |
| Research & Development | 608.10M | 599.10M | 552.40M | 505.80M | 484.20M | 604.20M |
| Operating Expenses | 2.01B | 1.89B | 1.84B | 1.69B | 1.49B | 1.41B |
| Operating Income | 1.22B | 911.80M | 600.00M | 597.70M | 391.20M | 265.80M |
| Interest Expense | -13.40M | -18.30M | -19.00M | -20.30M | -18.60M | -18.80M |
| Interest & Investment Income | 74.20M | 112.70M | 134.20M | 135.00M | 23.80M | 1.70M |
| Other Non Operating Income (Expenses) | 65.90M | 82.20M | -6.20M | -2.00M | -5.60M | -3.40M |
| EBT Excluding Unusual Items | 1.35B | 1.09B | 709.00M | 710.40M | 390.80M | 245.30M |
| Gain (Loss) on Sale of Investments | -88.10M | 11.60M | ||||
| Other Unusual Items | -100.00K | |||||
| Pretax Income | 1.26B | 1.09B | 709.00M | 710.40M | 390.80M | 256.80M |
| Income Tax Expense | 271.40M | 252.10M | 132.80M | 168.90M | 49.60M | 39.90M |
| Net Income | 991.00M | 836.30M | 576.20M | 541.50M | 341.20M | 216.90M |
| Net Income to Common | 991.00M | 836.30M | 576.20M | 541.50M | 341.20M | 216.90M |
| Shares Outstanding (Basic) | 382.10M | 390.20M | 393.60M | 386.00M | 389.40M | 386.90M |
| Shares Outstanding (Diluted) | 391.48M | 405.50M | 412.70M | 425.50M | 427.50M | 428.80M |
| EPS (Basic) | 2.59 | 2.14 | 1.46 | 1.40 | 0.88 | 0.56 |
| EPS (Diluted) | 2.55 | 2.09 | 1.42 | 1.30 | 0.82 | 0.53 |
| Free Cash Flow | 1.10B | 1.08B | 630.70M | 511.90M | 304.70M | 53.30M |
| Free Cash Flow Per Share | 2.81 | 2.66 | 1.53 | 1.20 | 0.71 | 0.12 |
| Gross Margin | 63.42% | 60.10% | 60.46% | 63.19% | 64.72% | 68.63% |
| Operating Margin | 23.97% | 19.56% | 14.88% | 16.50% | 13.44% | 10.86% |
| Profit Margin | 19.41% | 17.94% | 14.29% | 14.95% | 11.73% | 8.86% |
| Free Cash Flow Margin | 21.52% | 23.11% | 15.64% | 14.13% | 10.47% | 2.18% |
| EBITDA | 1.50B | 1.16B | 817.70M | 783.70M | 547.10M | 367.80M |
| EBITDA Margin | 29.36% | 24.96% | 20.28% | 21.63% | 18.80% | 15.02% |
| D&A For EBITDA | 275.00M | 251.80M | 217.70M | 186.00M | 155.90M | 102.00M |
| EBIT | 1.22B | 911.80M | 600.00M | 597.70M | 391.20M | 265.80M |
| EBIT Margin | 23.97% | 19.56% | 14.88% | 16.50% | 13.44% | 10.86% |
| Effective Tax Rate | 21.50% | 23.16% | 18.73% | 23.77% | 12.69% | 15.54% |
| Advertising Expenses | 223.80M | 194.20M | 180.80M | 160.60M | 150.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 961.40M | 917.70M | 606.10M | 566.30M | 642.30M | 1.05B |
| Short-Term Investments | 856.50M | 1.08B | 1.97B | 2.16B | 1.81B | 1.68B |
| Cash & Short-Term Investments | 1.82B | 2.00B | 2.58B | 2.72B | 2.46B | 2.73B |
| Accounts Receivable | 1.19B | 1.22B | 1.01B | 973.90M | 713.30M | 514.30M |
| Other Receivables | 19.00M | 73.80M | 38.50M | 13.60M | 38.90M | 2.30M |
| Receivables | 1.21B | 1.29B | 1.04B | 987.50M | 752.20M | 516.60M |
| Inventory | 770.70M | 629.10M | 542.60M | 591.10M | 374.50M | 369.40M |
| Prepaid Expenses | 72.40M | 66.40M | 87.50M | 58.70M | 48.90M | 39.80M |
| Other Current Assets | 49.80M | 49.20M | 47.70M | 64.50M | 37.00M | 27.40M |
| Total Current Assets | 3.92B | 4.03B | 4.30B | 4.43B | 3.67B | 3.68B |
| Property, Plant & Equipment | 1.63B | 1.64B | 1.40B | 1.18B | 1.14B | 889.90M |
| Long-Term Investments | 217.50M | 218.00M | 119.30M | 38.50M | 19.00M | 4.50M |
| Goodwill | 24.00M | 24.20M | 22.80M | 25.20M | 25.70M | 26.50M |
| Other Intangible Assets | 107.30M | 70.80M | 103.40M | 134.50M | 173.30M | 31.50M |
| Long-Term Deferred Tax Assets | 305.40M | 295.60M | 481.20M | 419.40M | 341.20M | 290.50M |
| Other Long-Term Assets | 41.80M | 60.70M | 53.70M | 36.50M | 28.10M | 6.00M |
| Total Assets | 6.24B | 6.34B | 6.48B | 6.26B | 5.39B | 4.93B |
| Accounts Payable | 308.50M | 344.30M | 345.30M | 276.40M | 237.90M | 189.40M |
| Accrued Expenses | 1.87B | 1.74B | 1.34B | 1.22B | 772.50M | 440.30M |
| Current Portion of Long-Term Debt | 1.20B | 772.60M | ||||
| Current Portion of Leases | 20.70M | 28.30M | 22.50M | 21.10M | 20.50M | 20.50M |
| Current Income Taxes Payable | 25.60M | 8.90M | 3.90M | 7.50M | 12.90M | 40.60M |
| Current Unearned Revenue | 18.40M | 10.10M | 2.10M | |||
| Other Current Liabilities | 24.00M | 18.10M | 13.90M | 12.60M | 12.80M | 27.90M |
| Total Current Liabilities | 2.25B | 2.14B | 2.93B | 1.56B | 1.84B | 720.80M |
| Long-Term Debt | 1.24B | 1.24B | 1.24B | 2.43B | 1.20B | 1.98B |
| Long-Term Leases | 128.50M | 127.20M | 123.50M | 138.70M | 154.20M | 155.60M |
| Long-Term Unearned Revenue | 7.40M | 19.00M | 16.10M | |||
| Long-Term Deferred Tax Liabilities | 5.90M | |||||
| Other Long-Term Liabilities | 78.60M | 83.30M | 89.40M | 59.60M | 49.70M | 11.00M |
| Total Liabilities | 3.70B | 3.59B | 4.38B | 4.20B | 3.26B | 2.89B |
| Common Stock | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K |
| Additional Paid-In Capital | 2.43B | 2.28B | 2.09B | 3.51B | 2.26B | 2.11B |
| Retained Earnings | 3.16B | 2.43B | 1.60B | 1.02B | 479.90M | 138.70M |
| Treasury Stock | -3.13B | -2.08B | -1.58B | -2.45B | -595.00M | -206.20M |
| Comprehensive Income & Other | 85.50M | 115.00M | -8.00M | -16.70M | -11.60M | 500.00K |
| Shareholders' Equity | 2.54B | 2.75B | 2.10B | 2.07B | 2.13B | 2.04B |
| Total Liabilities & Equity | 6.24B | 6.34B | 6.48B | 6.26B | 5.39B | 4.93B |
| Total Debt | 1.39B | 1.40B | 2.59B | 2.59B | 2.15B | 2.16B |
| Net Cash (Debt) | 425.00M | 602.30M | -8.00M | 130.10M | 311.20M | 573.30M |
| Net Cash Per Share | 1.09 | 1.49 | -0.02 | 0.31 | 0.73 | 1.34 |
| Filing Date Shares Outstanding | 372.95M | 384.86M | 390.77M | 385.52M | 386.30M | 388.26M |
| Total Common Shares Outstanding | 373.00M | 384.80M | 390.70M | 385.40M | 386.30M | 388.00M |
| Working Capital | 1.66B | 1.89B | 1.37B | 2.87B | 1.83B | 2.96B |
| Book Value Per Share | 6.80 | 7.14 | 5.38 | 5.37 | 5.52 | 5.26 |
| Tangible Book Value | 2.40B | 2.65B | 1.98B | 1.91B | 1.93B | 1.98B |
| Tangible Book Value Per Share | 6.45 | 6.89 | 5.06 | 4.95 | 5.00 | 5.11 |
| Machinery | 1.22B | 1.06B | 949.10M | 720.20M | 481.80M | 303.60M |
| Construction In Progress | 326.80M | 593.50M | 354.60M | 328.10M | 542.60M | 360.70M |
| Leasehold Improvements | 298.80M | 302.10M | 293.80M | 283.40M | 264.40M | 251.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 991.00M | 836.30M | 576.20M | 541.50M | 341.20M | 216.90M |
| Depreciation & Amortization | 291.70M | 268.50M | 234.40M | 202.50M | 172.30M | 120.00M |
| Asset Writedown & Restructuring Costs | 87.10M | |||||
| Loss (Gain) From Sale of Investments | -11.60M | |||||
| Loss (Gain) on Equity Investments | 10.00M | -78.10M | 1.40M | -1.90M | ||
| Stock-Based Compensation | 154.10M | 159.60M | 170.40M | 150.80M | 126.50M | 113.40M |
| Other Operating Activities | 69.80M | 151.00M | -101.70M | -147.60M | 2.80M | 48.70M |
| Change in Accounts Receivable | -83.50M | -201.90M | -35.00M | -260.10M | -199.90M | -75.50M |
| Change in Inventory | -164.60M | -63.70M | 12.40M | -252.60M | 49.30M | -112.20M |
| Change in Accounts Payable | 134.30M | 347.00M | 211.70M | 466.50M | 295.10M | 58.00M |
| Change in Unearned Revenue | -17.20M | -11.50M | -8.00M | -2.60M | 11.10M | 8.70M |
| Change in Other Net Operating Assets | 28.80M | 33.50M | -72.30M | 52.00M | -128.90M | -11.00M |
| Operating Cash Flow | 1.41B | 1.44B | 989.50M | 748.50M | 669.50M | 442.50M |
| Capital Expenditures | -316.10M | -363.50M | -358.80M | -236.60M | -364.80M | -389.20M |
| Cash Acquisitions | -41.20M | -3.90M | -30.20M | |||
| Investment in Securities | 618.40M | 898.90M | 166.80M | -272.50M | -153.00M | 193.20M |
| Other Investing Activities | 100.00K | 600.00K | -15.50M | 1.90M | 200.00K | 10.10M |
| Investing Cash Flow | 261.20M | 536.00M | -207.50M | -507.20M | -521.50M | -216.10M |
| Long-Term Debt Issued | 1.23B | |||||
| Total Debt Issued | 1.23B | |||||
| Long-Term Debt Repaid | -1.21B | -787.30M | ||||
| Total Debt Repaid | -1.21B | -1.21B | -787.30M | |||
| Net Debt Issued (Repaid) | -1.21B | -1.21B | 443.30M | |||
| Issuance of Common Stock | 24.70M | 28.10M | 28.20M | 26.60M | 22.50M | 20.30M |
| Repurchase of Common Stock | -1.36B | -500.00M | -750.00M | -688.70M | -557.70M | |
| Other Financing Activities | -7.60M | -7.00M | -13.00M | -99.80M | -17.30M | -9.90M |
| Financing Cash Flow | -2.55B | -1.69B | -734.80M | -318.60M | -552.50M | 10.40M |
| Foreign Exchange Rate Adjustments | -5.00M | 21.50M | -7.40M | 1.50M | -5.80M | -1.40M |
| Net Cash Flow | -875.40M | 311.80M | 39.80M | -75.80M | -410.30M | 235.40M |
| Free Cash Flow | 1.10B | 1.08B | 630.70M | 511.90M | 304.70M | 53.30M |
| Free Cash Flow Margin | 21.52% | 23.11% | 15.64% | 14.13% | 10.47% | 2.18% |
| Free Cash Flow Per Share | 2.81 | 2.66 | 1.53 | 1.20 | 0.71 | 0.12 |
| Levered Free Cash Flow | 811.90M | 719.54M | 559.12M | 477.07M | 253.38M | -134.82M |
| Unlevered Free Cash Flow | 820.27M | 730.98M | 571.00M | 489.76M | 265.00M | -123.08M |
| Cash Interest Paid | 11.40M | 11.40M | 11.40M | 12.40M | 12.20M | 11.60M |
| Cash Income Tax Paid | 94.40M | 94.40M | 198.00M | 212.30M | 114.20M | 16.80M |
| Change in Working Capital | -102.20M | 103.40M | 108.80M | 3.20M | 26.70M | -132.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 31.41B | 25.89B | 30.38B | 47.95B | 43.74B | 52.04B |
| Enterprise Value | 30.98B | 25.14B | 30.48B | 47.42B | 43.50B | 51.23B |
| Last Close Price | 82.29 | 66.37 | 77.77 | 124.09 | 113.24 | 134.24 |
| PE Ratio | 33.02 | 30.95 | 52.72 | 88.54 | 128.19 | 239.94 |
| Forward PE | 28.56 | 27.74 | 40.19 | 76.14 | 110.80 | 168.87 |
| PS Ratio | 6.01 | 5.55 | 7.53 | 13.24 | 15.03 | 21.25 |
| PB Ratio | 12.11 | 9.43 | 14.45 | 23.18 | 20.52 | 25.48 |
| P/TBV Ratio | 12.77 | 9.76 | 15.37 | 25.12 | 22.63 | 26.23 |
| P/FCF Ratio | 27.94 | 24.03 | 48.16 | 93.66 | 143.55 | 976.40 |
| P/OCF Ratio | 21.70 | 17.97 | 30.70 | 64.06 | 65.33 | 117.61 |
| PEG Ratio | 1.33 | 1.28 | 1.62 | 2.92 | 4.01 | 12.06 |
| EV/Sales Ratio | 5.93 | 5.39 | 7.56 | 13.09 | 14.95 | 20.92 |
| EV/EBITDA Ratio | 20.19 | 21.60 | 37.27 | 60.51 | 79.51 | 139.28 |
| EV/EBIT Ratio | 24.73 | 27.57 | 50.79 | 79.34 | 111.20 | 192.73 |
| EV/FCF Ratio | 27.56 | 23.34 | 48.32 | 92.64 | 142.76 | 961.12 |
| Debt / Equity Ratio | 0.55 | 0.51 | 1.23 | 1.25 | 1.01 | 1.06 |
| Debt / EBITDA Ratio | 0.91 | 1.17 | 3.03 | 3.17 | 3.69 | 5.40 |
| Debt / FCF Ratio | 1.27 | 1.30 | 4.10 | 5.07 | 7.04 | 40.49 |
| Net Debt / Equity Ratio | -0.17 | -0.22 | 0.00 | -0.06 | -0.15 | -0.28 |
| Net Debt / EBITDA Ratio | -0.28 | -0.52 | 0.01 | -0.17 | -0.57 | -1.56 |
| Net Debt / FCF Ratio | -0.39 | -0.56 | 0.01 | -0.25 | -1.02 | -10.76 |
| Asset Turnover | 0.74 | 0.73 | 0.63 | 0.62 | 0.56 | 0.53 |
| Inventory Turnover | 2.72 | 3.17 | 2.81 | 2.76 | 2.76 | 2.54 |
| Quick Ratio | 1.34 | 1.53 | 1.24 | 2.38 | 1.74 | 4.51 |
| Current Ratio | 1.74 | 1.88 | 1.47 | 2.84 | 2.00 | 5.11 |
| Return on Equity (ROE) | 37.67% | 34.50% | 27.63% | 25.78% | 16.35% | 11.21% |
| Return on Assets (ROA) | 11.13% | 8.89% | 5.88% | 6.41% | 4.74% | 3.60% |
| Return on Invested Capital (ROIC) | 45.93% | 32.94% | 24.09% | 24.24% | 20.77% | 18.50% |
| Return on Capital Employed (ROCE) | 30.70% | 21.70% | 16.90% | 12.70% | 11.00% | 6.30% |
| Earnings Yield | 3.03% | 3.23% | 1.90% | 1.13% | 0.78% | 0.42% |
| FCF Yield | 3.58% | 4.16% | 2.08% | 1.07% | 0.70% | 0.10% |
| Buyback Yield / Dilution | 3.92% | 1.75% | 3.01% | 0.47% | 0.30% | -2.00% |