Dexcom

Health Care Health Care Equipment San Diego, California Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.7B
                    3y CAGR +17.0%
                    
                    P95
                    
                    +15.6%
                    
                    Net income
                    FY2025
                
$836.3M
                    Net margin +17.9%
                    
                    P73
                    
                    +45.1%
                    
                    Total assets
                    FY2025
                
$6.3B
                    ROA +13.2%
                    
                    P82
                    
                    -2.2%
                    
                    Operating cash flow
                    FY2025
                
$1.4B
                    FCF margin +23.1%
                    
                    P84
                    
                    +45.6%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 3 years

Total assets $6.3B

Total liabilities $3.6B

Shareholders equity $2.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	+27.3%	+7.0%	—
Short Term Investments	-68.2%	-19.9%	—
Accounts Receivable	+11.7%	+3.3%	—
Inventory	+6.0%	-3.0%	—
Prepaid Expenses	+6.1%	+3.2%	—
Other Current Assets	-23.0%	-19.5%	—
Total Current Assets	-4.5%	-2.8%	—
Property,Plant and Equipment	+18.4%	+20.4%	—
Operating Lease Assets	+4.1%	-12.0%	—
Goodwill	-2.0%	-9.5%	—
Intangible Assets	-27.4%	-23.1%	—
Long Term Investments	+138.0%	+209.9%	—
Deferred Tax Assets	-16.0%	+14.7%	—
Other Noncurrent Assets	+92.8%	+130.7%	—
Total Assets	+0.6%	+3.5%	—
Liabilities
Accounts Payable	+11.6%	+24.9%	—
Accrued Liabilities	+6.3%	-8.4%	—
Operating Lease Liabilities	+1.2%	+6.6%	—
Other Current Liabilities	—	—	—
Total Current Liabilities	+17.3%	+88.4%	—
Long Term Debt	—	—	—
Operating Lease Liabilities Noncurrent	-4.3%	-18.9%	—
Other Noncurrent Liabilities	+4.5%	+17.8%	—
Total Liabilities	-7.5%	+4.4%	—
Equity
Preferred Stock	—	—	—
Common Stock	+0.0%	+0.0%	—
Additional Paid In Capital	-19.4%	-40.4%	—
Retained Earnings	+54.4%	+56.4%	—
Treasury Stock	-7.8%	-35.5%	—
Accumulated Other Comprehensive Income	—	—	—
Total Stockholders Equity	+15.2%	+1.6%	—
Total Liabilitiesand Equity	+0.6%	+3.5%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 3 years

Revenue $4.7B

Operating income $911.8M

Net income $836.3M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+13.4%	+11.3%	—
Expenses Cost of Revenue	+18.1%	+19.6%	—
Expenses Research and Development	+8.8%	+9.2%	—
Expenses Selling,General and Administrative	+4.4%	+8.5%	—
Expenses Depreciation and Amortization	+16.4%	+17.0%	—
Expenses Share Based Compensation	+2.9%	+13.0%	—
Expenses Operating Expenses	+5.7%	+8.7%	—
Other Income Expense Gross Profit	+10.6%	+6.5%	—
Other Income Expense Operating Income	+23.5%	+0.4%	—
Other Income Expense Interest Expense	-5.1%	-6.4%	—
Other Income Expense Other Income/expense	+25.2%	-3.3%	—
Other Income Expense Income Before Tax	+23.8%	-0.2%	—
Income Tax Income Tax Expense	+22.2%	-21.4%	—
net Income net Income	+24.3%	+6.4%	—
net Income Comprehensive Income	+33.7%	+9.0%	—
Earnings Per Share Basic Eps	+23.6%	+4.3%	—
Earnings Per Share Diluted Eps	+26.8%	+9.2%	—
Earnings Per Share Weighted Average Shares Basic	+0.5%	+2.0%	—
Earnings Per Share Weighted Average Shares Diluted	-2.4%	-3.0%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $1.4B

Investing cash flow $536.0M

Financing cash flow $-1.7B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+24.3%	+6.4%	—
Operating Activities Depreciation and Amortization	-2.9%	-4.8%	—
Operating Activities Stock Based Compensation	+2.9%	+13.0%	—
Operating Activities Deferred Income Taxes	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-24.6%	-94.2%	—
Operating Activities net Cash From Operating Activities	+38.7%	+32.2%	—
Investing Activities Capital Expenditures	+23.9%	+51.6%	—
Investing Activities Purchases of Investments	-37.6%	-19.5%	—
Investing Activities Proceeds From Sale of Investments	-14.3%	-4.2%	—
Investing Activities Other Investing Activities	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—
Financing Activities Repurchase of Common Stock	-14.8%	+8.9%	—
Financing Activities Proceeds From Stock Issuance	+2.8%	+6.0%	—
Financing Activities Other Financing Activities	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+278.6%	—	—
Cash Reconciliation net Change In Cash	—	—	—
Cash Reconciliation Cash At Beginning of Period	+27.3%	+7.0%	—
Cash Reconciliation Cash At End of Period	+27.3%	+7.0%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+60.1%	+60.5%	+63.2%
Operating margin	+19.6%	+14.9%	+16.5%
Net margin	+17.9%	+14.3%	+14.9%
FCF margin	+23.1%	+15.6%	+14.1%
Growth
Revenue CAGR (3y)	+17.0%	+18.1%	+23.4%
Returns
ROE	+30.5%	+27.4%	+26.2%
ROA	+13.2%	+8.9%	+8.6%
ROIC	+38.3%	+32.6%	+30.3%
Liquidity
Current ratio	1.88x	1.47x	2.84x
Quick ratio	1.00x	0.55x	0.99x
Leverage
D/E	1.31x	2.08x	2.03x
Interest coverage	49.83x	31.58x	29.44x
Efficiency
Asset turnover	0.74x	0.62x	0.58x
Cash conversion cycle	+151d	+136d	+176d

Valuation

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FY2025 fundamentals · no price

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Dexcom

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