Teladoc Health, Inc. (TDOC) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Health Care
Services-Offices & Clinics of Doctors of MedicineSEC EDGAR

Teladoc Health, Inc. (TDOC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Teladoc Health, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Global virtual care leader offering integrated healthcare services via technology platforms to employers, health plans, and individuals
  • New emphasis on AI-enhanced capabilities: Advanced AI-driven predictive analytics, personalized engagement, and AI-enabled clinical documentation improvements launched in Prism platform
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Management Discussion & Analysis

  • Revenue details for FY2025 vs FY2024 omitted; see 2024 10-K filed Feb 27, 2025 for full YoY analysis
  • U.S. Integrated Care members +9% YoY, increased by 8.0 million to 101.8 million as of Dec 31, 2025
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Risk Factors

  • Regulatory risk: Impact of Patient Protection and Affordable Care Act (PPACA) and related laws reducing Medicare payments up to 2% annually through 2030
  • Geopolitical/macroeconomic threat: Revenue risk from potential Client mergers/acquisitions causing contract cancellations or non-renewals impacting 19% total revenue from top five Clients
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Teladoc Health, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$2.5B

-1.5% YoY

Net Income

-$200M

+80.0% YoY

Operating Margin

-10.4%

+2934bp YoY

Net Margin

-7.9%

+3105bp YoY

ROE

-14.5%

+5269bp YoY

Total Assets

$2.9B

-18.7% YoY

EPS (Diluted)

$-1.14

+80.6% YoY

Operating Cash Flow

$294M

+0.2% YoY

Source: XBRL data from Teladoc Health, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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