TransMedics Group, Inc. (TMDX) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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TransMedics Group, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $21,997,000.00Depreciation and amortization expense → Operating adjustments reconciliation: $22,106,000.00Stock-based compensation expense → Operating adjustments reconciliation: $18,558,000.00Non-cash interest expense → Operating adjustments reconciliation: $9,232,000.00Deferred taxes → Operating adjustments reconciliation: $4,866,000.00Accounts payable → Operating adjustments reconciliation: $2,724,000.00Non-cash operating lease expense → Operating adjustments reconciliation: $1,229,000.00Unrealized foreign currency transaction (gains) losses → Operating adjustments reconciliation: $652,000.00Deferred revenue → Operating adjustments reconciliation: $225,000.00Operating adjustments reconciliation → Net cash from operating activities: $19,845,000.00Operating adjustments reconciliation → Accounts receivable: $19,948,000.00Operating adjustments reconciliation → Inventory: $10,246,000.00Operating adjustments reconciliation → Accrued expenses and other current liabilities: $5,335,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $2,388,000.00Operating adjustments reconciliation → Operating lease liabilities: $1,588,000.00Operating adjustments reconciliation → Other non-current assets: $242,000.00Proceeds from issuance of common stock upon exercise of stock options → financing reconciliation: $3,221,000.00Proceeds from issuance of common stock in connection with employee stock purchase plan → financing reconciliation: $1,688,000.00financing reconciliation → Net cash from financing activities: $4,732,000.00financing reconciliation → Tax withholding payments related to net settlement of restricted stock units: $177,000.00Net cash used in investing activities → investing reconciliation: $43,749,000.00investing reconciliation → Purchases of property, plant and equipment: $43,749,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $488,866,000.00Net cash from operating activities → Cash sources and uses: $41,842,000.00Net cash from financing activities → Cash sources and uses: $4,732,000.00Cash sources and uses → Exchange-rate effect: $578,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $491,113,000.00Cash sources and uses → Net cash used in investing activities: $43,749,000.00Net income: $21,997,000.00Net income+$22.00 MDepreciation and amortization expense: $22,106,000.00Depreciation & amortization+$22.11 MStock-based compensation expense: $18,558,000.00Stock-based compensation+$18.56 MDeferred taxes: $4,866,000.00Deferred income taxes+$4.87 MNon-cash interest expense: $9,232,000.00Non-cash interest expense+$9.23 MNon-cash operating lease expense: $1,229,000.00Non-cash operating lease expense+$1.23 MUnrealized foreign currency transaction (gains) losses: $652,000.00Unrealized FX gain & loss+$652.00 KAccounts receivable: -$19,948,000.00Accounts receivable−$19.95 MInventory: -$10,246,000.00Inventories−$10.25 MPrepaid expenses and other current assets: -$2,388,000.00Prepaid & other assets−$2.39 MAccounts payable: $2,724,000.00Accounts payable+$2.72 MOther non-current assets: -$242,000.00Other noncurrent assets−$242.00 KAccrued expenses and other current liabilities: -$5,335,000.00Accrued & other liabilities−$5.34 MDeferred revenue: $225,000.00Deferred revenue+$225.00 KOperating lease liabilities: -$1,588,000.00Operating lease liabilities−$1.59 MNet cash from operating activities: $41,842,000.00Operating cash+$41.84 MOperating adjustments reconciliation: $59,592,000.00Tax withholding payments related to net settlement of restricted stock units: -$177,000.00Stock-award tax withholding−$177.00 KProceeds from issuance of common stock upon exercise of stock options: $3,221,000.00Stock option exercises+$3.22 MProceeds from issuance of common stock in connection with employee stock purchase plan: $1,688,000.00Stock plan proceeds+$1.69 MNet cash from financing activities: $4,732,000.00Financing cash+$4.73 Mfinancing reconciliation: $4,909,000.00Purchases of property, plant and equipment: -$43,749,000.00PP&E purchases−$43.75 MNet cash used in investing activities: -$43,749,000.00. Cash required to fund net payments.Investing cash−$43.75 Minvesting reconciliation: $43,749,000.00Cash sources and uses: $535,440,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $488,866,000.00Beginning cash$488.87 MEnding cash: Cash, cash equivalents, and restricted cash: $491,113,000.00Ending cash$491.11 MExchange-rate effect: -$578,000.00FX effect−$578.00 KCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$1.91 MOperating cash − cash spent on PP&ECash flow / Net income1.90×Operating cash flow ÷ net incomeNet cash change+$2.25 MEnding cash − beginning cash
Chart details

TransMedics Group, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
488,866,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
41,842,000 US dollars. Net cash provided.
Net income
21,997,000 US dollars
Depreciation and amortization expense
22,106,000 US dollars
Stock-based compensation expense
18,558,000 US dollars
Deferred taxes
4,866,000 US dollars
Non-cash interest expense
9,232,000 US dollars
Non-cash operating lease expense
1,229,000 US dollars
Unrealized foreign currency transaction (gains) losses
652,000 US dollars
Accounts receivable
negative 19,948,000 US dollars
Inventory
negative 10,246,000 US dollars
Prepaid expenses and other current assets
negative 2,388,000 US dollars
Accounts payable
2,724,000 US dollars
Other non-current assets
negative 242,000 US dollars
Accrued expenses and other current liabilities
negative 5,335,000 US dollars
Deferred revenue
225,000 US dollars
Operating lease liabilities
negative 1,588,000 US dollars
Investing activities
negative 43,749,000 US dollars. Net cash used.
Purchases of property, plant and equipment
negative 43,749,000 US dollars
Financing activities
4,732,000 US dollars. Net cash provided.
Tax withholding payments related to net settlement of restricted stock units
negative 177,000 US dollars
Proceeds from issuance of common stock upon exercise of stock options
3,221,000 US dollars
Proceeds from issuance of common stock in connection with employee stock purchase plan
1,688,000 US dollars
Operating adjustment reconciliation
59,592,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
4,909,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
43,749,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 578,000 US dollars
Ending cash on Jun 30, 2026
491,113,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
535,440,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
2,247,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.90×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
41,842,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
43,749,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 1,907,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $19.85M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 41,842,000 US dollars minus 43,749,000 US dollars equals negative 1,907,000 US dollars.
TransMedics Group, Inc. (TMDX) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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