NASDAQ : TELA
TELA Bio, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 0.8101 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 36.57M
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Financial statements
TELA Bio, Inc. (TELA) reported revenue of 79.91M 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 | 79.91M | 80.28M | 69.30M | 58.45M | 41.42M | 29.46M |
| Cost of Revenue | 25.34M | 25.55M | 22.43M | 17.96M | 13.57M | 10.35M |
| Gross Profit | 54.57M | 54.72M | 46.87M | 40.49M | 27.85M | 19.12M |
| Selling, General & Admin | 78.66M | 78.88M | 79.37M | 74.57M | 57.11M | 41.52M |
| Research & Development | 9.54M | 9.22M | 8.81M | 9.62M | 8.94M | 6.74M |
| Amortization of Goodwill & Intangibles | 380.00K | 380.00K | 380.00K | 380.00K | 804.00K | 304.00K |
| Operating Expenses | 88.58M | 88.48M | 88.56M | 84.57M | 66.86M | 48.57M |
| Operating Income | -34.01M | -33.76M | -41.70M | -44.08M | -39.01M | -29.45M |
| Interest Expense | -6.97M | -5.25M | -5.29M | -5.22M | -4.05M | -3.60M |
| Other Non Operating Income (Expenses) | 952.00K | 1.29M | 1.42M | 2.63M | -10.00K | -228.00K |
| EBT Excluding Unusual Items | -40.03M | -37.71M | -45.56M | -46.66M | -43.07M | -33.28M |
| Gain (Loss) on Sale of Assets | 7.58M | |||||
| Other Unusual Items | -888.00K | -888.00K | -1.23M | |||
| Pretax Income | -40.91M | -38.60M | -37.98M | -46.66M | -44.30M | -33.28M |
| Income Tax Expense | 265.00K | 230.00K | -144.00K | |||
| Net Income | -41.18M | -38.83M | -37.84M | -46.66M | -44.30M | -33.28M |
| Net Income to Common | -41.18M | -38.83M | -37.84M | -46.66M | -44.30M | -33.28M |
| Shares Outstanding (Basic) | 52.96M | 46.95M | 28.53M | 22.87M | 16.27M | 14.47M |
| Shares Outstanding (Diluted) | 52.96M | 46.95M | 28.53M | 22.87M | 16.27M | 14.47M |
| EPS (Basic) | -0.78 | -0.83 | -1.33 | -2.04 | -2.72 | -2.30 |
| EPS (Diluted) | -0.78 | -0.83 | -1.33 | -2.04 | -2.72 | -2.30 |
| Free Cash Flow | -31.62M | -28.67M | -42.58M | -41.47M | -41.62M | -31.06M |
| Free Cash Flow Per Share | -0.60 | -0.61 | -1.49 | -1.81 | -2.56 | -2.15 |
| Gross Margin | 68.29% | 68.17% | 67.63% | 69.27% | 67.24% | 64.89% |
| Operating Margin | -42.56% | -42.05% | -60.17% | -75.40% | -94.18% | -99.96% |
| Profit Margin | -51.53% | -48.37% | -54.61% | -79.83% | -106.95% | -112.94% |
| Free Cash Flow Margin | -39.57% | -35.71% | -61.45% | -70.94% | -100.49% | -105.42% |
| EBITDA | -33.01M | -32.74M | -40.68M | -43.27M | -37.82M | -28.92M |
| EBITDA Margin | -41.31% | -40.79% | -58.71% | -74.02% | -91.31% | -98.14% |
| D&A For EBITDA | 1.00M | 1.01M | 1.01M | 808.00K | 1.19M | 535.00K |
| EBIT | -34.01M | -33.76M | -41.70M | -44.08M | -39.01M | -29.45M |
| EBIT Margin | -42.56% | -42.05% | -60.17% | -75.40% | -94.18% | -99.96% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.42M | 50.84M | 52.67M | 46.73M | 42.02M | 43.93M |
| Cash & Short-Term Investments | 30.42M | 50.84M | 52.67M | 46.73M | 42.02M | 43.93M |
| Receivables | 9.64M | 10.35M | 10.10M | 9.74M | 6.62M | 4.23M |
| Inventory | 11.06M | 11.02M | 12.78M | 13.16M | 11.79M | 7.66M |
| Prepaid Expenses | 3.37M | 3.37M | 2.52M | 2.10M | 2.02M | 3.23M |
| Total Current Assets | 54.49M | 75.58M | 78.07M | 71.73M | 62.45M | 59.05M |
| Property, Plant & Equipment | 3.43M | 3.73M | 4.08M | 3.94M | 2.91M | 1.19M |
| Other Intangible Assets | 1.17M | 1.36M | 1.74M | 2.12M | 2.50M | 2.30M |
| Long-Term Deferred Tax Assets | 140.00K | |||||
| Other Long-Term Assets | 651.00K | 750.00K | 2.54M | 265.00K | ||
| Total Assets | 59.74M | 81.42M | 86.57M | 78.05M | 67.86M | 62.54M |
| Accounts Payable | 2.88M | 2.31M | 2.15M | 1.67M | 1.53M | 2.41M |
| Accrued Expenses | 7.26M | 7.12M | 7.36M | 9.36M | 6.56M | 5.01M |
| Current Portion of Leases | 530.00K | 524.00K | 545.00K | 565.00K | 340.00K | |
| Current Income Taxes Payable | 862.00K | 725.00K | 476.00K | |||
| Other Current Liabilities | 6.68M | 7.29M | 5.07M | 5.38M | 3.97M | 3.15M |
| Total Current Liabilities | 18.22M | 17.98M | 15.60M | 16.97M | 12.40M | 10.57M |
| Long-Term Debt | 56.08M | 55.65M | 41.12M | 40.52M | 39.92M | 31.49M |
| Long-Term Leases | 1.30M | 1.48M | 1.69M | |||
| Other Long-Term Liabilities | 1.39M | 1.23M | 380.00K | |||
| Total Liabilities | 75.60M | 75.11M | 58.11M | 59.17M | 53.55M | 42.45M |
| Common Stock | 45.00K | 44.00K | 39.00K | 24.00K | 19.00K | 15.00K |
| Additional Paid-In Capital | 405.10M | 403.74M | 387.06M | 339.65M | 288.36M | 250.06M |
| Retained Earnings | -421.10M | -397.56M | -358.73M | -320.89M | -274.23M | -229.93M |
| Comprehensive Income & Other | 84.00K | 91.00K | 90.00K | 91.00K | 150.00K | -52.00K |
| Total Common Equity | -15.87M | 6.31M | 28.46M | 18.88M | 14.30M | 20.10M |
| Shareholders' Equity | -15.87M | 6.31M | 28.46M | 18.88M | 14.30M | 20.10M |
| Total Liabilities & Equity | 59.74M | 81.42M | 86.57M | 78.05M | 67.86M | 62.54M |
| Total Debt | 57.92M | 57.65M | 41.67M | 42.77M | 40.26M | 31.49M |
| Net Cash (Debt) | -27.49M | -6.81M | 11.00M | 3.96M | 1.76M | 12.44M |
| Net Cash Per Share | -0.52 | -0.15 | 0.39 | 0.17 | 0.11 | 0.86 |
| Filing Date Shares Outstanding | 44.89M | 44.74M | 39.55M | 24.65M | 19.22M | 14.55M |
| Total Common Shares Outstanding | 44.83M | 44.54M | 39.40M | 24.49M | 19.17M | 14.53M |
| Working Capital | 36.27M | 57.61M | 62.47M | 54.76M | 50.04M | 48.48M |
| Book Value Per Share | -0.35 | 0.14 | 0.72 | 0.77 | 0.75 | 1.38 |
| Tangible Book Value | -17.04M | 4.95M | 26.72M | 16.76M | 11.81M | 17.80M |
| Tangible Book Value Per Share | -0.38 | 0.11 | 0.68 | 0.68 | 0.62 | 1.22 |
| Machinery | 3.18M | 4.07M | 3.81M | 3.51M | 3.06M | |
| Leasehold Improvements | 2.54M | 2.93M | 2.51M | 2.31M | 1.88M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -41.18M | -38.83M | -37.84M | -46.66M | -44.30M | -33.28M |
| Depreciation & Amortization | 1.00M | 1.01M | 1.01M | 808.00K | 1.19M | 535.00K |
| Loss (Gain) From Sale of Assets | 18.00K | -7.58M | -12.00K | 2.00K | ||
| Stock-Based Compensation | 3.20M | 3.80M | 4.36M | 5.03M | 3.99M | 3.66M |
| Other Operating Activities | 4.89M | 4.31M | 3.32M | 1.96M | 3.71M | 2.10M |
| Change in Accounts Receivable | 1.51M | -110.00K | -762.00K | -3.06M | -2.42M | -1.55M |
| Change in Inventory | -2.41M | -503.00K | -2.97M | -2.72M | -6.07M | -5.19M |
| Change in Accounts Payable | 1.17M | 141.00K | 482.00K | 11.00K | -884.00K | 1.60M |
| Change in Other Net Operating Assets | 662.00K | 1.97M | -1.62M | 3.78M | 4.04M | 1.69M |
| Operating Cash Flow | -31.14M | -28.22M | -41.59M | -40.86M | -40.75M | -30.43M |
| Capital Expenditures | -480.00K | -448.00K | -989.00K | -611.00K | -872.00K | -627.00K |
| Sale of Property, Plant & Equipment | 1.41M | 1.29M | 5.44M | 12.00K | ||
| Sale (Purchase) of Intangibles | -1.00M | |||||
| Investing Cash Flow | 933.00K | 846.00K | 4.45M | -599.00K | -1.87M | -627.00K |
| Long-Term Debt Issued | 60.00M | 40.00M | ||||
| Total Debt Issued | 60.00M | 60.00M | 40.00M | |||
| Long-Term Debt Repaid | -42.42M | -30.00M | ||||
| Total Debt Repaid | -42.42M | -42.42M | -30.00M | |||
| Net Debt Issued (Repaid) | 17.58M | 17.58M | 10.00M | |||
| Issuance of Common Stock | 11.90M | 11.93M | 43.43M | 46.56M | 34.47M | 585.00K |
| Repurchase of Common Stock | -119.00K | -205.00K | -369.00K | -289.00K | -157.00K | |
| Other Financing Activities | -3.80M | -3.55M | -3.46M | |||
| Financing Cash Flow | 25.56M | 25.75M | 43.06M | 46.27M | 40.85M | 585.00K |
| Foreign Exchange Rate Adjustments | 33.00K | -217.00K | 28.00K | 164.00K | -144.00K | 11.00K |
| Net Cash Flow | -4.62M | -1.84M | 5.94M | 4.97M | -1.91M | -30.46M |
| Free Cash Flow | -31.62M | -28.67M | -42.58M | -41.47M | -41.62M | -31.06M |
| Free Cash Flow Margin | -39.57% | -35.71% | -61.45% | -70.94% | -100.49% | -105.42% |
| Free Cash Flow Per Share | -0.60 | -0.61 | -1.49 | -1.81 | -2.56 | -2.15 |
| Levered Free Cash Flow | -17.71M | -16.95M | -26.73M | -25.81M | -27.42M | -19.41M |
| Unlevered Free Cash Flow | -13.36M | -13.68M | -23.43M | -22.55M | -24.89M | -17.16M |
| Cash Interest Paid | 5.70M | 4.72M | 4.07M | 4.62M | 3.39M | 2.93M |
| Change in Working Capital | 928.00K | 1.50M | -4.87M | -1.99M | -5.34M | -3.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 36.08M | 52.55M | 118.95M | 162.12M | 220.33M | 185.65M |
| Enterprise Value | 63.58M | 66.41M | 144.64M | 145.69M | 207.49M | 163.32M |
| Last Close Price | 0.81 | 1.18 | 3.02 | 6.62 | 11.50 | 12.80 |
| PS Ratio | 0.46 | 0.66 | 1.72 | 2.77 | 5.32 | 6.30 |
| PB Ratio | 8.32 | 4.18 | 8.59 | 15.40 | 9.24 | |
| P/TBV Ratio | 10.61 | 4.45 | 9.67 | 18.66 | 10.43 | |
| EV/Sales Ratio | 0.80 | 0.83 | 2.09 | 2.49 | 5.01 | 5.54 |
| Debt / Equity Ratio | -3.65 | 9.13 | 1.46 | 2.27 | 2.81 | 1.57 |
| Net Debt / Equity Ratio | -1.73 | 1.08 | -0.39 | -0.21 | -0.12 | -0.62 |
| Net Debt / EBITDA Ratio | -0.83 | -0.21 | 0.27 | 0.09 | 0.05 | 0.43 |
| Net Debt / FCF Ratio | -0.87 | -0.24 | 0.26 | 0.10 | 0.04 | 0.40 |
| Asset Turnover | 1.26 | 0.96 | 0.84 | 0.80 | 0.64 | 0.40 |
| Inventory Turnover | 2.26 | 2.15 | 1.73 | 1.44 | 1.40 | 1.79 |
| Quick Ratio | 2.20 | 3.40 | 4.02 | 3.33 | 3.92 | 4.55 |
| Current Ratio | 2.99 | 4.21 | 5.00 | 4.23 | 5.04 | 5.58 |
| Return on Equity (ROE) | -223.35% | -159.87% | -281.23% | -257.51% | -96.28% | |
| Return on Assets (ROA) | -33.40% | -25.12% | -31.66% | -37.76% | -37.39% | -24.71% |
| Return on Capital Employed (ROCE) | -81.90% | -53.20% | -58.70% | -72.20% | -70.30% | -56.70% |
| Earnings Yield | -97.28% | -73.90% | -31.81% | -28.78% | -20.10% | -17.92% |
| FCF Yield | -86.46% | -54.56% | -35.80% | -25.58% | -18.89% | -16.73% |
| Buyback Yield / Dilution | -36.23% | -64.58% | -24.74% | -40.58% | -12.40% | -11.90% |