10-Q quarterly report · filed Nov 6, 2025

TANDEM DIABETES CARE INC (TNDM) Q3 2025 10-Q Quarterly Report

Short answer

TANDEM DIABETES CARE INC (TNDM) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $249M (up 2.2% year over year) with net income of −$21M.

Q3 2025 key financials · XBRL

Revenue
$249M
+2.2% YoY · +3.6% QoQ
Net income
−$21M
+9.0% YoY · +59.6% QoQ
Operating margin
-9.2%
Gross margin
53.9%
EPS (diluted)
−$0.30
+14.3% YoY · +61.0% QoQ

Source: XBRL data from the TANDEM DIABETES CARE INC (TNDM) Q3 2025 10-Q on SEC EDGAR. USD.

TANDEM DIABETES CARE INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: CMS proposed competitive bidding process and payment changes for insulin pumps (June 30, 2025) could reduce reimbursement and impact revenue recognition
  • Updated competitive risk: Increased adoption of GLP-1 drugs since 2023 negatively impacts insulin therapy market demand
  • Regulatory risk: CMS and other third-party payors may modify diabetes product coverage and reimbursement, with contracts subject to audit, modification, or termination
  • Operational risk: Dependence on independent U.S. distributors who may prioritize competitor products, risking sales declines if distributors reduce support
  • Financial risk: Accumulated deficit of $1.3 billion as of September 30, 2025, with continued expenses rising faster than sales, risking ongoing operating losses

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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