TransMedics Group, Inc. (TMDX) saw its stock price surge 8.86% in after-hours trading on Tuesday, following the release of its fourth-quarter and full-year 2025 financial results.
The company reported Q4 2025 revenue of $160.8 million, representing 32% year-over-year growth and beating analyst expectations. Net income for the quarter reached $105.4 million, significantly boosted by an $83.8 million tax benefit related to the release of a valuation allowance on deferred tax assets. For the full year 2025, revenue grew 37% to $605.5 million.
TransMedics also provided strong guidance for fiscal year 2026, projecting revenue between $727 million and $757 million, representing 20% to 25% growth. The company highlighted increased utilization of its Organ Care System (OCS) with 5,139 U.S. cases completed in 2025, expansion of its aviation fleet to 22 owned aircraft, and recent FDA trial approvals as key growth drivers.