Record Revenue Growth
TransMedics reported total revenue of $157.4 million for Q2 2025, marking a 38% year-over-year growth and a 10% sequential increase. This growth was driven by higher utilization across all organ segments.
Strong Operating Profit
The company achieved an operating profit of $36.6 million, which is more than 23% of total revenue, up from $27.4 million or 19% of total revenue in Q1 2025.
Healthy Cash Position
TransMedics reported strong cash generation, ending Q2 with over $400 million in cash, an increase of approximately $90 million from the previous quarter.
OCS Lung and Heart IDE Approvals
The company received FDA conditional approval for the OCS Lung IDE in July and expects to launch both the OCS Lung and Heart clinical programs before year-end.
Increased Full Year Revenue Guidance
TransMedics raised its full-year 2025 revenue guidance to between $585 million and $605 million, representing approximately 35% growth over full year 2024 at the midpoint.