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TACTILE SYSTEMS TECHNOLOGY INC (TCMD) Annual Reports

Q: Where can I read TACTILE SYSTEMS TECHNOLOGY INC (TCMD) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

TACTILE SYSTEMS TECHNOLOGY INC is listed on Nasdaq, classified by the SEC under Surgical & Medical Instruments & Apparatus (SIC 3841). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1027838 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$85.7M	$78.9M	+8.6%
Operating income	$6.8M	$4.1M	+67.2%
Net income	$7.8M	$3.2M	+142.0%
EPS (diluted)	$0.34	$0.14	+142.9%

Company guidance
	Period	Range
Adjusted EBITDA	FY2026	$49M – $51M
Revenue	—	$360M – $368M
Revenue	FY2026	$360M – $366M

Figures are the company’s own outlook as stated in its earnings release, not analyst estimates.

Source: SEC EDGAR (XBRL company facts); guidance from Form 8-K Exhibit 99.1

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 85.7 mn Net income 7.79 mn

Show table：Income statement

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	47.7	10.1	14.8	16.8	21.2	13.7	19.7	22.6	28.5	19.9	26.3	28.3	34.9	26.9	34.1	36.3	46.5	37.6	45.2	49.6	57.1	43.7	35.1	49.1	59.2	42.8	51.1	52.5	61.7	48.0	59.6	65.3	73.9	58.9	68.3	69.6	77.7	61.1	73.2	73.1	85.6	61.3	78.9	85.8	104	75.3	85.7
Gross profit	35.0	7.15	10.4	12.3	16.1	9.89	14.4	16.4	21.0	14.2	19.2	20.8	26.1	19.5	24.5	26.2	32.0	26.3	31.5	35.4	41.1	31.1	24.9	35.0	41.9	30.2	36.2	37.0	44.8	33.9	43.2	46.8	52.1	41.5	48.3	49.4	56.0	43.4	54.1	54.8	64.4	45.4	58.8	65.0	81.0	57.6	65.3
Operating income	3.80	-1.48	0.23	1.46	3.25	-1.79	1.79	0.97	3.29	-2.93	0.73	1.17	4.93	-1.83	1.31	1.37	2.14	-1.80	3.05	3.20	6.05	-4.45	-7.96	1.79	6.99	-4.08	-0.08	-1.37	3.77	-14.9	-4.09	-1.62	7.85	-3.81	2.06	7.99	11.8	-2.96	5.85	6.78	12.5	-4.54	4.08	11.0	18.8	-1.53	6.83
Net income	2.07	—	0.14	0.88	1.26	-0.98	0.99	0.49	2.38	-1.50	3.79	1.34	2.23	-0.05	2.57	1.75	2.36	1.47	2.79	2.43	4.28	-1.31	-13.8	2.42	12.1	-2.27	1.31	-3.35	-7.49	-15.6	-4.64	-2.28	4.62	-1.89	-0.1	22.3	8.20	-2.21	4.30	5.16	9.72	-2.97	3.22	8.21	10.6	-1.76	7.79

Balance sheet

Quarterly · In mn (USD)

Total assets 280 mn Total liabilities 55.8 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	—	29.4	—	27.5	61.1	64.2	60.5	66.8	71.7	76.9	75.2	81.2	89.2	85.0	85.8	94.1	103	108	112	105	114	124	123	127	107	114	103	107	117	120	145	150	152	145	141	152	162	178	160	153	141	165	153	158
Total assets	—	—	—	—	37.0	—	35.8	66.9	73.9	70.8	77.9	83.1	88.5	87.1	92.7	102	107	114	122	144	152	156	142	158	174	175	182	249	244	233	237	249	255	276	274	293	281	272	279	288	298	280	273	259	274	272	280
Current liabilities	—	—	—	—	9.50	—	7.93	10.7	13.8	11.1	11.1	14.0	14.5	12.7	12.5	16.8	16.1	17.3	18.7	24.1	21.4	24.7	20.5	25.6	26.7	28.0	26.6	31.3	34.5	40.3	46.5	55.7	64.3	51.4	48.5	45.6	41.1	33.1	34.2	37.1	40.7	35.4	40.4	39.2	41.0	36.0	38.3
Total liabilities	—	—	—	—	9.70	—	8.12	10.9	14.3	11.7	11.7	14.6	15.7	13.9	14.0	18.3	17.8	21.5	22.8	39.8	39.2	42.5	38.1	48.6	49.3	50.1	48.9	117	116	118	123	134	134	119	115	110	87.8	78.6	78.1	79.8	81.3	74.6	78.1	54.2	55.0	54.3	55.8
Equity	-6.43	—	—	-6.59	-5.65	-6.94	-6.32	56.1	59.6	59.2	66.2	68.5	72.8	73.2	78.8	83.4	89.3	92.0	99.0	104	113	113	103	109	125	125	133	132	128	115	114	114	121	156	159	183	194	193	201	208	217	206	195	205	219	218	224

Cash flow

Quarterly · In mn (USD)

Operating 3.25 mn Investing -4.32 mn Financing -4.07 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	-0.99	—	-0.57	0.41	2.57	-0.86	1.53	3.67	2.70	-0.32	-2.70	3.05	4.16	-2.17	0.77	5.08	5.32	1.27	-0.42	1.57	0.09	0.91	-8.89	5.74	5.04	-0.8	-1.12	-1.06	5.61	-3.21	2.31	2.25	3.86	-0.5	13.9	4.10	18.4	0.92	13.1	10.3	16.3	0.42	14.8	10.3	17.3	-0.34	3.25
Investing	-0.35	—	-0.26	-0.18	-0.18	-0.11	-0.21	-0.22	-11.3	-9.76	-1.98	-1.46	-0.82	4.57	-10.0	0.22	-9.50	3.73	-0.01	-7.00	0.95	9.61	6.13	4.95	-0.5	-0.31	-0.43	-80.5	-0.95	-0.17	-0.24	-1.43	-0.06	-0.29	-0.85	-0.4	-0.94	-0.5	-0.52	-0.98	-0.49	-0.41	-0.4	-1.15	-0.58	-7.06	-4.32
Financing	0.22	—	0.55	0.31	-1.00	-0.3	-0.39	29.1	0.01	0.09	2.06	-0.03	0.98	-1.05	1.25	0.52	1.14	-1.55	1.93	0.21	1.91	-0.99	1.81	0.18	1.12	0.18	3.63	55.0	1.17	-3.70	0.14	-0.75	-5.29	33.9	-4.86	-0.87	-22.4	-0.75	0.3	-0.75	-3.62	-10.8	-16.4	-24.8	0.76	-1.05	-4.07
Cash at period end	5.42	—	5.13	5.67	7.06	5.79	6.72	39.3	30.7	20.7	18.1	19.6	24.0	25.3	17.3	23.1	20.1	23.6	25.0	19.8	22.8	32.3	31.3	42.2	47.9	46.9	49.0	22.4	28.2	21.1	23.4	23.4	21.9	55.0	63.2	66.0	61.0	60.7	73.6	82.2	94.4	83.6	81.5	66.0	83.5	75.0	69.8

Profitability

Quarterly · %

Gross margin 76.3% Operating margin 8.0% Net margin 9.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	73.4%	70.6%	70.2%	73.5%	76.0%	72.2%	73.0%	72.3%	73.6%	71.7%	73.2%	73.4%	74.7%	72.8%	71.8%	72.1%	68.9%	69.8%	69.7%	71.3%	72.0%	71.2%	70.9%	71.2%	70.7%	70.7%	70.9%	70.4%	72.6%	70.6%	72.5%	71.7%	70.5%	70.5%	70.7%	70.9%	72.1%	71.1%	73.9%	75.0%	75.2%	74.0%	74.5%	75.8%	78.2%	76.5%	76.3%
Operating margin	8.0%	-14.7%	1.5%	8.7%	15.3%	-13.0%	9.1%	4.3%	11.6%	-14.8%	2.8%	4.2%	14.1%	-6.8%	3.8%	3.8%	4.6%	-4.8%	6.7%	6.5%	10.6%	-10.2%	-22.7%	3.6%	11.8%	-9.6%	-0.1%	-2.6%	6.1%	-31.1%	-6.8%	-2.5%	10.6%	-6.5%	3.0%	11.5%	15.2%	-4.8%	8.0%	9.3%	14.6%	-7.4%	5.2%	12.8%	18.1%	-2.0%	8.0%
Net margin	4.3%	—	0.9%	5.2%	6.0%	-7.2%	5.0%	2.2%	8.3%	-7.6%	14.4%	4.7%	6.4%	-0.2%	7.5%	4.8%	5.1%	3.9%	6.2%	4.9%	7.5%	-3.0%	-39.4%	4.9%	20.4%	-5.3%	2.6%	-6.4%	-12.1%	-32.5%	-7.8%	-3.5%	6.3%	-3.2%	-0.1%	32.0%	10.6%	-3.6%	5.9%	7.0%	11.3%	-4.8%	4.1%	9.6%	10.3%	-2.3%	9.1%

Returns & leverage

Quarterly · %

ROE 11.9% ROA 9.0% Debt ratio 20.0%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	—	—	—	—	7.1%	10.7%	9.0%	17.2%	9.6%	8.8%	11.1%	8.4%	8.6%	8.2%	9.9%	9.4%	9.7%	10.9%	8.0%	-8.3%	-7.9%	-0.5%	-1.3%	11.5%	6.5%	-9.3%	-20.9%	-25.2%	-24.3%	-14.3%	-3.1%	0.3%	16.8%	18.1%	16.1%	18.1%	7.9%	8.3%	8.1%	7.6%	8.8%	8.8%	9.6%	11.9%
ROA	—	—	—	—	—	—	6.0%	2.6%	5.2%	3.3%	9.1%	8.0%	7.2%	9.3%	7.1%	7.0%	6.8%	8.1%	7.8%	7.4%	8.5%	6.1%	-6.4%	-5.6%	-0.4%	-0.9%	8.4%	3.8%	-5.7%	-12.3%	-14.8%	-12.0%	-7.2%	-1.6%	0.1%	9.2%	10.6%	10.3%	11.8%	5.3%	5.8%	5.9%	5.5%	6.6%	6.7%	7.3%	9.0%
Debt ratio	—	—	—	—	26.2%	—	22.7%	16.2%	19.3%	16.5%	15.0%	17.6%	17.7%	16.0%	15.1%	18.0%	16.6%	19.0%	18.7%	27.7%	25.8%	27.3%	26.9%	30.8%	28.3%	28.6%	26.9%	47.0%	47.5%	50.7%	51.9%	54.0%	52.4%	43.3%	42.0%	37.7%	31.2%	28.9%	28.0%	27.7%	27.3%	26.6%	28.6%	20.9%	20.1%	19.9%	20.0%

EPS

Quarterly · US$

EPS US$0.34

Show table：EPS

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.02	-0.51	-0.12	0.03	0.06	-0.45	0.04	0.01	0.13	-0.09	0.20	0.07	0.12	0.00	0.13	0.09	0.12	0.08	0.14	0.12	0.22	-0.07	-0.72	0.12	0.61	-0.12	0.07	-0.17	-0.38	-0.78	-0.23	-0.11	0.23	-0.09	0.00	0.94	0.35	-0.09	0.18	0.21	0.40	-0.13	0.14	0.36	0.46	-0.08	0.34

Revenue & profit

Year-to-date · In mn (USD)

Revenue 161 mn Net income 6.02 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 280 mn Total liabilities 55.8 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 2.92 mn Investing -11.4 mn Financing -5.13 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 76.4% Operating margin 3.3% Net margin 3.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 11.9% ROA 9.0% Debt ratio 20.0%

EPS

Year-to-date · US$

EPS US$0.26

Revenue & profit

Annual · In mn (USD)

Revenue 330 mn Net income 19.1 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	62.9	84.5	109	144	189	187	208	247	274	293	330
Gross profit	46.0	61.6	80.3	102	134	133	148	176	195	217	250
Operating income	3.45	4.27	3.90	2.99	10.5	-3.63	-1.76	-12.8	18.0	22.2	29.3
Net income	—	2.88	5.86	6.62	11.0	-0.62	-11.8	-17.9	28.5	17.0	19.1

Balance sheet

Annual · In mn (USD)

Total assets 274 mn Total liabilities 55.0 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	29.4	64.2	76.9	85.0	108	124	114	120	145	178	165
Total assets	37.0	73.9	88.5	107	152	174	244	255	281	298	274
Current liabilities	9.50	13.8	14.5	16.1	21.4	26.7	34.5	64.3	41.1	40.7	41.0
Total liabilities	9.70	14.3	15.7	17.8	39.2	49.3	116	134	87.8	81.3	55.0
Equity	-5.65	59.6	72.8	89.3	113	125	128	121	194	217	219

Cash flow

Annual · In mn (USD)

Operating 42.8 mn Investing -2.53 mn Financing -51.2 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	—	7.03	4.19	9.01	2.51	2.79	2.63	5.21	35.9	40.7	42.8
Investing	—	-11.8	-14.0	-14.7	-2.33	20.2	-82.2	-1.91	-2.48	-2.50	-2.53
Financing	—	28.4	3.09	1.85	2.50	2.11	59.9	-9.60	5.73	-4.82	-51.2
Cash at period end	7.06	30.7	24.0	20.1	22.8	47.9	28.2	21.9	61.0	94.4	83.5

Profitability

Annual · %

Gross margin 75.9% Operating margin 8.9% Net margin 5.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	73.1%	72.9%	73.5%	71.1%	70.8%	71.0%	71.2%	71.3%	71.1%	74.0%	75.9%
Operating margin	5.5%	5.0%	3.6%	2.1%	5.5%	-1.9%	-0.8%	-5.2%	6.6%	7.6%	8.9%
Net margin	—	3.4%	5.4%	4.6%	5.8%	-0.3%	-5.7%	-7.2%	10.4%	5.8%	5.8%

Returns & leverage

Annual · %

ROE 8.8% ROA 6.7% Debt ratio 20.1%

Show table：Returns & leverage

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	—	10.7%	8.8%	8.2%	10.9%	-0.5%	-9.3%	-14.3%	18.1%	8.3%	8.8%
ROA	—	5.2%	7.2%	6.8%	8.5%	-0.4%	-5.7%	-7.2%	10.6%	5.8%	6.7%
Debt ratio	26.2%	19.3%	17.7%	16.6%	25.8%	28.3%	47.5%	52.4%	31.2%	27.3%	20.1%

EPS

Annual · US$

EPS US$0.83

Show table：EPS

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	-0.54	-0.27	0.30	0.34	0.56	-0.06	-0.60	-0.89	1.20	0.70	0.83

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read TACTILE SYSTEMS TECHNOLOGY INC (TCMD) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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