TELA Bio, Inc. TELA

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 commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation and restoration of the patient's own anatomy. Our growing product portfolio is purposefully designed to leverage the patient's natural healing response while minimizing long-term exposure to permanent synthetic materials. We are committed to delivering our advanced technologies with a strong economic value proposition to assist surgeons and institutions in providing next-generation soft-tissue repair solutions to more patients worldwide.

We are dedicated to building true partnerships with surgeons and healthcare providers to deliver solutions that provide both clinical and economic improvements. We believe that genuine collaboration with surgeons and healthcare providers results in the development of new solutions that empower patient care and addresses unmet needs within the soft tissue reconstruction market.

Last close 0.96 2026-10-23
Market cap $43.3M 2026-06-30 share count
52-week range 0.50 - 1.50

Valuation FY2025 figures against the last close

P/S0.5x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.83

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $80.3M$69.3M$58.5M$41.4M$29.5M$18.2M$15.4M$8.3M$4.2M—
Gross profit $54.3M$46.5M$40.1M$27.0M$18.8M$11.2M$9.3M$2.9M$2.5M—
R&D $9.2M$8.8M$9.6M$8.9M$6.7M$4.3M$4.2M$4.3M$5.8M—
SG&A $15.7M$14.7M$14.9M$13.9M$12.5M$10.1M$6.2M$4.9M$5.0M—
Total operating expenses $88.1M$88.2M$84.2M$66.1M$48.3M$36.5M$28.4M$20.7M$19.5M—
Operating income -$33.8M-$34.1M-$44.1M-$39.0M-$29.5M-$25.3M-$19.2M-$17.8M-$16.9M—
Interest expense $5.2M$5.3M$5.2M$4.1M$3.6M$3.6M$3.6M$1.8M$4.6M—
Pre-tax income -$38.6M-$38.0M-$46.7M-$44.3M——————
Income tax $230.0K$144.0K————————
Net income -$38.8M-$37.8M-$46.7M-$44.3M-$33.3M-$28.8M-$22.4M-$21.1M-$21.3M—
EPS, basic -0.83-1.33-2.04-2.72-2.30-2.23-17.10———
EPS, diluted -0.83-1.33-2.04-2.72-2.30-2.23-17.10-101.41——
Shares, diluted (wtd. avg.) 46.9M28.5M22.9M16.3M14.5M12.9M1.8M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $50.8M$52.7M$47.0M$42.0M$43.9M$74.4M$45.3M$17.3M$11.3M$1.5M
Short-term investments —————$0$9.3M———
Receivables $10.3M$10.1M$9.7M$6.6M$4.2M$2.7M$2.8M$1.3M——
Inventory $11.0M$12.8M$13.2M$11.8M$7.7M$3.9M$4.6M$4.3M——
Total current assets $75.6M$78.1M$71.7M$62.4M$59.1M$83.2M$64.3M$23.3M——
Property, plant and equipment $2.2M$2.3M$2.0M$1.7M$1.2M$626.0K$677.0K$758.0K——
Other intangibles $1.4M$1.7M$2.1M$2.5M$2.3M$2.6M$2.9M———
Total assets $81.4M$86.6M$78.0M$67.9M$62.5M$86.5M$67.9M$27.2M——
Accounts payable $2.3M$2.1M$1.7M$1.5M$2.4M$652.0K$3.2M$3.4M——
Total current liabilities $18.0M$15.6M$17.0M$12.4M$10.6M$6.6M$6.7M$9.6M——
Long-term debt $55.7M$41.1M$40.5M$39.9M$31.5M$30.8M$30.2M———
Total liabilities $75.1M$58.1M$59.2M$53.5M$42.4M$37.4M$37.0M$40.9M——
Retained earnings -$397.6M-$358.7M-$320.9M-$274.2M-$229.9M-$196.7M-$167.9M-$137.9M——
Total equity $6.3M$28.5M$18.9M$14.3M$20.1M$49.0M$31.0M-$137.9M-$108.2M-$81.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$28.2M-$41.6M-$40.9M-$40.7M-$30.4M-$24.5M-$25.5M-$19.9M-$16.4M—
Depreciation and amortisation $630.0K$632.0K$428.0K$383.0K$231.0K$221.0K$278.0K$463.0K$761.0K—
Stock-based compensation $3.8M$4.4M$5.0M$4.0M$3.7M$2.1M$457.0K$216.0K$197.0K—
Capital expenditure $448.0K$989.0K$611.0K$872.0K$627.0K$167.0K$197.0K$62.0K$114.0K—
Investing cash flow $846.0K$4.5M-$599.0K-$1.9M-$627.0K$9.1M-$12.0M-$1.6M-$101.0K—
Financing cash flow $25.8M$43.1M$46.3M$40.9M$585.0K$44.4M$65.5M$27.4M$26.3M—

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 0001104659-26-053117.

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. -50M 0 50M 100M Revenue, FY2017: 4.2M Gross profit, FY2017: 2.5M Net income, FY2017: -21.3M Revenue, FY2018: 8.3M Gross profit, FY2018: 2.9M Net income, FY2018: -21.1M Revenue, FY2019: 15.4M Gross profit, FY2019: 9.3M Net income, FY2019: -22.4M Revenue, FY2020: 18.2M Gross profit, FY2020: 11.2M Net income, FY2020: -28.8M Revenue, FY2021: 29.5M Gross profit, FY2021: 18.8M Net income, FY2021: -33.3M Revenue, FY2022: 41.4M Gross profit, FY2022: 27M Net income, FY2022: -44.3M Revenue, FY2023: 58.5M Gross profit, FY2023: 40.1M Net income, FY2023: -46.7M Revenue, FY2024: 69.3M Gross profit, FY2024: 46.5M Net income, FY2024: -37.8M Revenue, FY2025: 80.3M Gross profit, FY2025: 54.3M Net income, FY2025: -38.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $4.2M $8.3M $15.4M $18.2M $29.5M $41.4M $58.5M $69.3M $80.3M
Gross profit — $2.5M $2.9M $9.3M $11.2M $18.8M $27.0M $40.1M $46.5M $54.3M
Net income — -$21.3M -$21.1M -$22.4M -$28.8M -$33.3M -$44.3M -$46.7M -$37.8M -$38.8M

Recent filings and events

  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • 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
  • 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
  • Officer or director change Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • 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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