Financial Statements — TELA
Balance Sheet
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.42 | 39.54 | 29.71 | 34.98 | 42.83 | 17.30 | 26.50 | 37.14 | 58.20 | 65.27 | 30.12 | 54.23 | 27.73 | 33.02 | 53.64 | 60.29 | 65.83 |
| Accounts Receivable | 9.64 | 9.72 | 11.27 | 11.24 | 10.56 | 11.22 | 9.10 | 9.96 | 8.07 | 7.89 | 6.65 | 5.69 | 5.31 | 4.31 | 3.57 | 3.55 | 2.80 |
| Inventory | 11.06 | 12.21 | 11.56 | 11.37 | 13.53 | 13.60 | 13.37 | 13.60 | 14.32 | 14.10 | 15.11 | 12.14 | 10.29 | 10.27 | 6.27 | 4.50 | 4.69 |
| Total Current Assets | 54.49 | 64.30 | 56.05 | 60.75 | 69.75 | 44.13 | 51.11 | 62.62 | 82.25 | 89.17 | 53.50 | 73.96 | 45.63 | 50.33 | 65.54 | 70.74 | 75.20 |
| Property, Plant & Equipment | 2.05 | 2.16 | 2.21 | 2.17 | 2.20 | 2.42 | 2.35 | 2.33 | 1.75 | 1.76 | 1.70 | 1.75 | 1.71 | 1.46 | 0.89 | 0.61 | 0.58 |
| Intangible Assets | 1.17 | 1.26 | 1.45 | 1.55 | 1.64 | 1.83 | 1.93 | 2.02 | 2.21 | 2.31 | 2.40 | 2.59 | 2.69 | 2.23 | 2.38 | 2.46 | 2.53 |
| Total Non-current Assets* | 5.25 | 5.59 | 5.54 | 6.79 | 7.51 | 8.88 | 9.10 | 9.22 | 5.07 | 5.22 | 5.29 | 5.61 | 5.70 | 5.03 | 3.27 | 3.06 | 3.12 |
| Total Assets | 59.74 | 69.89 | 61.59 | 67.54 | 77.25 | 53.02 | 60.20 | 71.84 | 87.32 | 94.39 | 58.79 | 79.56 | 51.33 | 55.36 | 68.81 | 73.80 | 78.32 |
| Accounts Payable | 2.88 | 3.89 | 2.37 | 1.74 | 4.00 | 2.48 | 2.31 | 3.36 | 3.09 | 2.25 | 5.22 | 4.86 | 2.25 | 5.70 | 2.33 | 1.28 | 0.97 |
| Total Current Liabilities | 18.22 | 17.83 | 16.98 | 19.06 | 16.54 | 16.86 | 14.99 | 15.18 | 15.33 | 13.05 | 14.41 | 15.21 | 11.93 | 12.29 | 9.38 | 7.29 | 5.64 |
| Long-term Debt | 56.08 | 55.87 | 41.49 | 41.38 | 41.28 | 40.97 | 40.82 | 40.67 | 40.36 | 40.21 | 40.06 | 39.77 | 39.62 | 31.67 | 31.32 | 31.15 | 30.98 |
| Total Non-current Liabilities* | 57.39 | 57.26 | 43.05 | 39.29 | 42.59 | 42.43 | 42.35 | 42.27 | 41.43 | 41.34 | 41.24 | 41.05 | 40.95 | 33.03 | 31.70 | 31.54 | 30.99 |
| Total Liabilities | 75.60 | 75.09 | 60.03 | 58.35 | 59.13 | 59.29 | 57.33 | 57.45 | 56.77 | 54.38 | 55.65 | 56.26 | 52.88 | 45.32 | 41.08 | 38.83 | 36.63 |
| Retained Earnings | (421.10) | (409.83) | (388.52) | (379.92) | (369.99) | (349.52) | (339.15) | (326.55) | (308.00) | (297.04) | (286.25) | (264.25) | (253.53) | (240.79) | (221.31) | (213.04) | (204.79) |
| Total Stockholder Equity | (15.87) | (5.20) | 1.56 | 9.18 | 18.12 | (6.27) | 2.87 | 14.38 | 30.55 | 40.01 | 3.14 | 23.30 | (1.54) | 10.04 | 27.73 | 34.97 | 41.69 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 19.29 | 19.06 | 20.87 | 20.69 | 20.20 | 18.52 | 17.65 | 18.96 | 16.09 | 16.60 | 17.00 | 15.05 | 14.49 | 11.91 | 11.62 | 11.16 | 10.41 | 8.23 | 8.37 | 7.65 |
| Cost of Revenue* | 5.35 | 6.54 | 7.11 | 6.72 | 6.09 | 6.01 | 6.43 | 6.10 | 5.02 | 5.27 | 5.37 | 4.66 | 4.29 | 4.01 | 3.45 | 3.84 | 3.86 | 3.23 | 2.72 | 3.05 |
| Gross Profit | 13.94 | 12.52 | 13.76 | 13.97 | 14.11 | 12.51 | 11.22 | 12.86 | 11.07 | 11.34 | 11.62 | 10.39 | 10.20 | 7.90 | 8.18 | 7.32 | 6.55 | 5.00 | 5.66 | 4.60 |
| Research & Development | 2.72 | 2.34 | 2.13 | 2.35 | 2.20 | 2.54 | 2.03 | 2.07 | 2.32 | 2.39 | 2.69 | 2.37 | 2.51 | 2.05 | 2.73 | 2.10 | 2.10 | 2.01 | 1.73 | 1.41 |
| Selling, General & Admin | 4.06 | 4.17 | 3.78 | 3.95 | 4.13 | 3.84 | 3.59 | 3.68 | 3.62 | 3.83 | 4.05 | 3.73 | 3.47 | 3.63 | 3.24 | 3.53 | 3.63 | 3.46 | 3.28 | 3.46 |
| Total Operating Expenses | 23.23 | 23.05 | 20.40 | 21.52 | 23.19 | 22.98 | 19.58 | 22.22 | 22.64 | 23.74 | 23.90 | 20.57 | 20.56 | 19.15 | 17.61 | 16.81 | 16.79 | 14.84 | 13.31 | 11.82 |
| Operating Income | (9.28) | (10.53) | (6.65) | (7.55) | (9.08) | (10.47) | (8.35) | (9.36) | (11.57) | (4.83) | (12.28) | (10.18) | (10.36) | (11.25) | (9.44) | (9.49) | (10.24) | (9.84) | (7.65) | (7.22) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.33 | 1.35 | 1.33 | 1.30 | 1.25 | 1.17 | 1.03 | 0.93 | 0.91 | 0.92 | 0.92 |
| Pretax Income | (11.20) | (12.21) | (8.90) | (8.60) | (9.89) | (11.21) | (9.35) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.06 | 0.06 | 0.14 | 0.00 | 0.03 | 0.05 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (11.26) | (12.27) | (9.04) | (8.60) | (9.92) | (11.26) | (9.21) | (10.37) | (12.60) | (5.66) | (12.89) | (10.96) | (10.79) | (12.03) | (9.98) | (10.71) | (12.74) | (10.86) | (8.62) | (8.27) |
| Basic EPS | (0.20) | (0.21) | (0.17) | (0.19) | (0.22) | (0.25) | (0.17) | (0.42) | (0.51) | (0.23) | (0.50) | (0.45) | (0.46) | (0.63) | (0.45) | (0.64) | (0.88) | (0.75) | (0.60) | -- |
| Diluted EPS | (0.20) | (0.21) | (0.17) | (0.19) | (0.22) | (0.25) | (0.17) | (0.42) | (0.51) | (0.23) | (0.50) | (0.45) | (0.46) | (0.63) | (0.45) | (0.64) | (0.88) | (0.75) | (0.60) | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (9.38) | (11.17) | (4.87) | (5.72) | (7.90) | (9.72) | (7.53) | (8.98) | (10.70) | (14.38) | (11.05) | (6.97) | (11.26) | (11.57) | (10.98) | (7.65) | (11.69) | (10.43) | (9.59) | (6.63) |
| Capital Expenditures | 0.06 | 0.12 | 0.09 | 0.21 | 0.11 | 0.03 | 0.26 | 0.12 | 0.30 | 0.30 | 0.21 | 0.13 | 0.16 | 0.12 | 0.05 | 0.29 | 0.20 | 0.34 | 0.29 | 0.29 |
| Free Cash Flow* | (9.44) | (11.29) | (4.96) | (5.93) | (8.02) | (9.76) | (7.79) | (9.10) | (11.00) | (14.69) | (11.26) | (7.10) | (11.42) | (11.69) | (11.03) | (7.94) | (11.89) | (10.77) | (9.88) | (6.92) |
| Investing Cash Flow | 0.24 | 0.19 | 0.19 | 0.31 | 0.20 | 0.14 | (0.19) | (0.12) | 0.07 | 4.70 | (0.19) | (0.13) | (0.16) | (0.11) | (1.05) | (0.29) | (0.20) | (0.34) | (0.29) | (0.29) |
| Financing Cash Flow | (0.01) | (0.30) | 25.85 | 0.02 | -0.00 | (0.12) | 42.91 | 0.10 | -0.00 | 0.06 | 0.02 | 0.07 | 46.41 | (0.23) | (0.22) | 34.57 | 6.65 | (0.15) | 0.17 | 0.26 |
* Derived from reported values