Tandem Diabetes Care
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 499m | 703m | 801m | 748m | 890m | 989m | 1.1b |
% growth | 38 % | 41 % | 14 % | (7 %) | 19 % | 11 % | 11 % |
EBITDA | (8.0m) | 22.7m | (30.8m) | (118m) | 1.2m | 39.0m | 77.9m |
% EBITDA margin | (2 %) | 3 % | (4 %) | (16 %) | - | 4 % | 7 % |
Profit | (34.4m) | 15.6m | (94.6m) | (223m) | (115m) | (79.8m) | (45.9m) |
% profit margin | (7 %) | 2 % | (12 %) | (30 %) | (13 %) | (8 %) | (4 %) |
EV / revenue | 12.2x | 13.1x | 3.6x | 2.3x | 3.2x | 2.8x | 2.5x |
EV / EBITDA | -761.5x | 407.1x | -93.9x | -14.8x | 2459.2x | 71.1x | 34.8x |
R&D budget | 63.6m | 92.1m | 139m | 170m | - | - | - |
R&D % of revenue | 13 % | 13 % | 17 % | 23 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$13.0m | Series B | ||
$53.0m | Series C | ||
N/A | $12.0m | Debt | |
$74.0m | Series D | ||
N/A | $80.0m | Debt | |
N/A | $120m Valuation: $321m | IPO | |
N/A | $23.1m | Post IPO Equity | |
N/A | $69.0m | Post IPO Equity | |
N/A | $115m | Post IPO Equity | |
* | N/A | $275m | Post IPO Convertible |
Total Funding | €127m |
Recent News about Tandem Diabetes Care
EditTandem Diabetes Care, Inc. is a medical device company that specializes in the development and commercialization of innovative insulin pump technologies for people with diabetes. The company primarily serves individuals aged six and older who require insulin therapy to manage their diabetes. Tandem operates in the healthcare and medical devices market, focusing on improving the quality of life for diabetes patients through advanced technology.
The flagship product of Tandem Diabetes is the t:slim X2 insulin pump, which is designed for the subcutaneous (under the skin) delivery of insulin. This pump is equipped with interoperable technology, meaning it can work with other diabetes management devices and software. One of its key features is the Basal-IQ technology, which helps prevent hypoglycemia (low blood sugar) by using continuous glucose monitoring (CGM) data to predict and suspend insulin delivery when necessary.
Tandem's business model revolves around the sale of its insulin pumps and related accessories, such as infusion sets and cartridges. Additionally, the company generates revenue through the sale of software updates and subscriptions for its advanced diabetes management features. By offering a combination of hardware and software solutions, Tandem creates a recurring revenue stream that supports its long-term growth and innovation.
The company makes money by selling its insulin pumps directly to consumers, healthcare providers, and through partnerships with distributors. Tandem also benefits from ongoing sales of consumable supplies and software services, ensuring a steady income from existing customers who need to regularly replace these items.
In summary, Tandem Diabetes Care is a forward-thinking company dedicated to enhancing diabetes management through cutting-edge insulin pump technology and integrated software solutions. Its focus on user-friendly, interoperable devices positions it well in the competitive medical devices market.
Keywords: insulin pump, diabetes management, Basal-IQ, t:slim X2, CGM, healthcare, medical devices, innovation, recurring revenue, subcutaneous delivery.