DEXCOM INC DXCM

Healthcare SIC 3841 - Surgical & Medical Instruments & Apparatus NAICS Manufacturing › Miscellaneous Manufacturing › Medical Equipment and Supplies Manufacturing › Surgical and Medical Instrument Manufacturing derived Nasdaq

We are a medical device company primarily focused on the design, development and commercialization of continuous glucose monitoring, or CGM, systems for the management of diabetes and metabolic health by patients, caregivers, and clinicians around the world.

We received approval from the Food and Drug Administration, or FDA, and commercialized our first product in 2006. We launched our latest generation systems, the Dexcom G7 Continuous Glucose Monitoring System, or G7, in 2023, and the Dexcom G7 15 Day Continuous Glucose Monitoring System, or G7 15 Day, in late 2025. In August 2024, we launched Stelo, our biosensor designed for adults with prediabetes and Type 2 diabetes who do not use insulin, as the first over-the-counter glucose biosensor in the U.S.

Last close 77.94 2026-10-23
Market cap $29.41B 2026-06-30 share count
52-week range 54.11 - 92.59

Valuation FY2025 figures against the last close

P/S6.3x
P/E37.3x
P/FCF27.3x
EV/EBITDA25.3x
Dividend yield—
Diluted EPS2.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.66B$4.03B$3.62B$2.91B$2.45B$1.93B$1.48B$1.03B$718.5M$573.3M
Cost of revenue $1.86B$1.59B$1.33B$1.03B$768.0M$646.6M$544.5M$367.7M$226.4M$194.9M
Gross profit $2.80B$2.44B$2.29B$1.88B$1.68B$1.28B$931.5M$663.9M$492.1M$378.4M
R&D $599.1M$552.4M$505.8M$484.2M$517.1M$359.9M$273.5M$199.7M$185.4M$156.1M
SG&A $1.29B$1.29B$1.19B$1.01B$810.5M$618.2M$515.7M$432.8M$349.2M$286.2M
Total operating expenses $1.89B$1.84B$1.69B$1.49B$1.41B$980.6M$789.2M$850.2M$534.6M$442.3M
Operating income $911.8M$600.0M$597.7M$391.2M$265.8M$299.5M$142.3M-$186.3M-$42.5M-$63.9M
Interest expense $18.3M$19.0M$20.3M$18.6M$18.8M$17.7M$60.3M$22.7M$12.8M$700.0K
Pre-tax income $1.09B$709.0M$710.4M$390.8M$256.8M$297.9M$104.2M-$126.5M-$48.6M-$64.9M
Income tax $252.1M$132.8M$168.9M$49.6M$39.9M$251.8M$3.1M$600.0K$1.6M$700.0K
Net income $836.3M$576.2M$541.5M$341.2M$216.9M$549.7M$101.1M-$127.1M-$50.2M-$65.6M
EPS, basic 2.141.461.400.880.561.461.11-1.44-0.58—
EPS, diluted 2.091.421.300.820.531.331.10-1.44-0.58-0.78
Shares, diluted (wtd. avg.) 405.5M412.7M425.5M427.5M428.8M420.4M92.3M88.2M86.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $917.7M$606.1M$566.3M$643.3M$1.05B$818.2M$446.4M$1.14B$441.5M$94.5M
Short-term investments —$1.73B$2.16B$1.81B$1.36B——$92.7M$107.1M$29.2M
Receivables $1.22B$1.01B$973.9M$713.3M$514.3M$428.5M$286.3M$226.7M$134.3M$101.7M
Inventory $629.1M$542.6M$559.6M$306.7M$357.3M$234.7M$119.8M$70.7M$45.2M$45.4M
Total current assets $4.03B$4.30B$4.43B$3.67B$3.68B$3.42B$1.97B$1.70B$744.7M$280.0M
Property, plant and equipment ————$801.8M$515.3M$321.3M$183.1M$145.6M$109.4M
Goodwill $24.2M$22.8M$25.2M$25.7M$26.5M$19.3M$18.6M$18.7M$12.1M$11.3M
Other intangibles $70.8M$103.4M$134.5M$173.3M$31.5M————$200.0K
Total assets $6.34B$6.48B$6.26B$5.39B$4.93B$4.29B$2.40B$1.92B$904.1M$402.8M
Total current liabilities $2.14B$2.93B$1.56B$1.84B$720.8M$614.1M$360.2M$222.4M$138.9M$102.4M
Total liabilities $3.59B$4.38B$4.20B$3.26B$2.89B$2.46B$1.51B$1.25B$484.7M$119.0M
Retained earnings $2.43B$1.60B$1.02B$479.9M$138.7M-$78.2M-$695.7M-$798.9M-$671.8M-$621.0M
Total equity $2.75B$2.10B$2.07B$2.13B$2.04B$1.55B$882.6M$663.3M$419.4M$283.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.44B$989.5M$748.5M$669.5M$442.5M$475.6M$314.5M$123.2M$92.0M$56.2M
Depreciation and amortisation $251.8M$217.7M$186.0M$155.9M$102.0M$67.1M$48.7M$29.1M$16.1M$15.0M
Stock-based compensation $159.6M$170.4M$150.8M$126.5M$113.4M$119.4M$102.7M$101.9M$106.2M$110.8M
Capital expenditure $363.5M$358.8M$236.6M$364.8M$389.2M$199.0M$180.0M$67.1M$66.0M$55.7M
Investing cash flow $536.0M-$207.5M-$507.2M-$521.5M-$216.1M-$1.02B-$1.02B-$139.8M-$144.4M-$55.9M
Financing cash flow -$1.69B-$734.8M-$318.6M-$552.5M$10.4M$912.1M$10.7M$710.4M$399.1M$8.1M
Buybacks $500.0M$750.0M$688.7M$557.7M$0$0$0$100.0M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001093557-26-000061.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 573.3M Gross profit, FY2016: 378.4M Net income, FY2016: -65.6M Revenue, FY2017: 718.5M Gross profit, FY2017: 492.1M Net income, FY2017: -50.2M Revenue, FY2018: 1B Gross profit, FY2018: 663.9M Net income, FY2018: -127.1M Revenue, FY2019: 1.5B Gross profit, FY2019: 931.5M Net income, FY2019: 101.1M Revenue, FY2020: 1.9B Gross profit, FY2020: 1.3B Net income, FY2020: 549.7M Revenue, FY2021: 2.4B Gross profit, FY2021: 1.7B Net income, FY2021: 216.9M Revenue, FY2022: 2.9B Gross profit, FY2022: 1.9B Net income, FY2022: 341.2M Revenue, FY2023: 3.6B Gross profit, FY2023: 2.3B Net income, FY2023: 541.5M Revenue, FY2024: 4B Gross profit, FY2024: 2.4B Net income, FY2024: 576.2M Revenue, FY2025: 4.7B Gross profit, FY2025: 2.8B Net income, FY2025: 836.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $573.3M $718.5M $1.03B $1.48B $1.93B $2.45B $2.91B $3.62B $4.03B $4.66B
Gross profit $378.4M $492.1M $663.9M $931.5M $1.28B $1.68B $1.88B $2.29B $2.44B $2.80B
Net income -$65.6M -$50.2M -$127.1M $101.1M $549.7M $216.9M $341.2M $541.5M $576.2M $836.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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