financial statements

The full income statement, balance sheet, and cash-flow statement for DexCom Inc. (DXCM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live DXCM chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.66B YoY+15.6%	4.03B YoY+11.3%	3.62B YoY+24.5%	2.91B YoY+18.8%	2.45B YoY+27.1%
	2.80B YoY+14.9%	2.44B YoY+6.5%	2.29B YoY+21.5%	1.88B YoY+12.1%	1.68B YoY+31.3%
Cost of revenue	1.86B YoY+16.6%	1.59B YoY+19.6%	1.33B YoY+29.9%	1.03B YoY+33.7%	768M YoY+18.8%
	1.89B YoY+2.8%	1.84B YoY+8.7%	1.69B YoY+13.4%	1.49B YoY+5.5%	1.41B YoY+44.3%
Research & development	599M YoY+8.5%	552M YoY+9.2%	506M YoY+4.5%	484M YoY-6.4%	517M YoY+43.7%
Selling, general & administrative	1.29B YoY+0.4%	1.29B YoY+8.5%	1.19B YoY+17.6%	1.01B YoY+24.3%	811M YoY+31.1%
Selling & marketing	310M YoY+3.9%	299M YoY+12.9%	265M YoY+15.9%	228M	—
Amortization of intangibles	4.20M YoY-37.3%	6.70M YoY-17.3%	8.10M YoY+8.0%	7.50M YoY+102.7%	3.70M YoY+48.0%
Operating income	912M YoY+52.0%	600M YoY+0.4%	598M YoY+52.8%	391M YoY+47.2%	266M YoY-11.3%
Interest expense	18.3M YoY-3.7%	19.0M YoY-6.4%	20.3M YoY+9.1%	18.6M YoY-1.1%	18.8M YoY+6.2%
Other non-operating income	177M YoY+62.0%	109M YoY-3.3%	113M YoY+28275.0%	-400K YoY+95.6%	-9.00M YoY-155.9%
Pre-tax income	1.09B YoY+53.5%	709M YoY-0.2%	710M YoY+81.8%	391M YoY+52.2%	257M YoY-13.8%
Income tax	252M YoY+89.8%	133M YoY-21.4%	169M YoY+240.5%	49.6M YoY+24.3%	39.9M YoY+115.8%
Net income	836M YoY+45.1%	576M YoY+6.4%	542M YoY+58.7%	341M YoY+57.3%	217M YoY-60.5%
	$2.09 YoY+47.2%	$1.42 YoY+9.2%	$1.30 YoY+58.5%	$0.82 YoY+54.7%	$0.53 YoY-60.2%
EPS (basic)	$2.14 YoY+46.6%	$1.46 YoY+4.3%	$1.40 YoY+59.1%	$0.88 YoY+57.1%	$0.56 YoY-61.6%
Weighted-avg shares (basic)	390M YoY-0.9%	394M YoY+2.0%	386M YoY-0.9%	389M YoY+0.6%	387M YoY+2.5%
Weighted-avg shares (diluted)	406M YoY-1.7%	413M YoY-3.0%	426M YoY-0.5%	428M YoY-0.3%	429M YoY+2.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.03B YoY-6.2%	4.30B YoY-2.8%	4.43B YoY+20.6%	3.67B YoY-0.4%	3.68B YoY+7.6%
Cash & equivalents	918M YoY+51.4%	606M YoY+7.0%	566M YoY-11.8%	642M YoY-39.0%	1.05B YoY+28.7%
Short-term investments	250M YoY+0.0%	250M YoY+0.0%	250M YoY+0.0%	250M YoY+0.0%	250M YoY+0.0%
Cash & short-term investments	669M YoY+0.0%	669M YoY+0.0%	669M YoY+0.0%	669M YoY+0.0%	669M YoY+0.0%
Accounts receivable	1.22B YoY+20.9%	1.01B YoY+3.3%	974M YoY+36.5%	713M YoY+38.7%	514M YoY+20.0%
Inventory	629M YoY+15.9%	543M YoY-3.0%	560M YoY+82.5%	307M YoY-14.2%	357M YoY+52.2%
Prepaid expenses	189M YoY+9.0%	174M YoY+3.2%	168M YoY-12.6%	193M YoY+136.0%	81.6M YoY+51.4%
Other current assets	29.2M YoY+0.3%	29.1M YoY-41.0%	49.3M YoY+84.0%	26.8M YoY-2.2%	27.4M
	6.34B YoY-2.2%	6.48B YoY+3.5%	6.26B YoY+16.2%	5.39B YoY+9.3%	4.93B YoY+15.0%
Property, plant & equipment	1.08B YoY+0.0%	1.08B YoY+0.0%	1.08B YoY+1.9%	1.06B YoY+31.7%	802M YoY+55.6%
Operating lease right-of-use	77.4M YoY+23.2%	62.8M YoY-12.0%	71.4M YoY-10.8%	80.0M YoY-9.2%	88.1M YoY-5.6%
Goodwill	24.2M YoY+6.1%	22.8M YoY-9.5%	25.2M YoY-1.9%	25.7M YoY-3.0%	26.5M YoY+37.3%
Intangible assets	70.8M YoY-31.5%	103M YoY-23.1%	135M YoY-22.4%	173M YoY+450.2%	31.5M YoY+15650.0%
Long-term investments	218M YoY+82.7%	119M YoY+209.9%	38.5M YoY+102.6%	19.0M	—
Deferred tax assets	296M YoY-38.6%	481M YoY+14.7%	419M YoY+22.9%	341M YoY+17.5%	291M YoY-5.6%
Other non-current assets	279M YoY+61.1%	173M YoY+130.7%	75.0M YoY+59.2%	47.1M YoY+348.6%	10.5M YoY-50.9%
	2.14B YoY-26.9%	2.93B YoY+88.4%	1.56B YoY-15.4%	1.84B YoY+155.2%	721M YoY+17.4%
Accounts payable	344M YoY-0.3%	345M YoY+24.9%	276M YoY+16.2%	238M YoY+25.6%	189M YoY+16.0%
Deferred revenue	2.90M YoY-63.7%	8.00M YoY-56.5%	18.4M YoY+82.2%	10.1M YoY+381.0%	2.10M YoY-4.5%
Current lease liability	21.6M YoY-4.0%	22.5M YoY+6.6%	21.1M YoY+2.9%	20.5M YoY+0.0%	20.5M YoY+24.2%
Other current liabilities	7.70M YoY-3.8%	8.00M	—	—	—
	3.59B YoY-18.0%	4.38B YoY+4.4%	4.20B YoY+28.7%	3.26B YoY+12.8%	2.89B YoY+17.3%
Long-term debt	2.90M YoY+0.0%	2.90M YoY+0.0%	2.90M YoY+0.0%	2.90M YoY+0.0%	2.90M YoY+0.0%
Deferred revenue (non-current)	8.50M YoY-10.5%	9.50M YoY+28.4%	7.40M YoY-61.1%	19.0M YoY+18.0%	16.1M YoY+96.3%
Non-current lease liability	73.4M YoY+12.9%	65.0M YoY-18.9%	80.1M YoY-15.3%	94.6M YoY-4.1%	98.6M YoY-3.1%
Deferred tax liabilities	4.60M YoY+0.0%	4.60M YoY+0.0%	4.60M YoY-6.1%	4.90M YoY-16.9%	5.90M
Other non-current liabilities	137M YoY-7.3%	148M YoY+17.8%	126M YoY-2.1%	128M YoY+42.6%	90.0M YoY+11.2%
	2.75B YoY+30.6%	2.10B YoY+1.6%	2.07B YoY-3.0%	2.13B YoY+4.4%	2.04B YoY+31.6%
Additional paid-in capital	2.28B YoY+9.0%	2.09B YoY-40.4%	3.51B YoY+55.6%	2.26B YoY+7.1%	2.11B YoY+22.1%
Retained earnings	2.43B YoY+52.3%	1.60B YoY+56.4%	1.02B YoY+112.8%	480M YoY+246.0%	139M YoY+277.4%
Treasury stock	2.08B YoY+31.8%	1.58B YoY-35.5%	2.45B YoY+311.9%	595M YoY+188.6%	206M YoY+106.2%
Accumulated other comprehensive income	115M YoY+1537.5%	-8.00M YoY+52.1%	-16.7M YoY-44.0%	-11.6M YoY-2420.0%	500K YoY-84.4%
Total equity incl. non-controlling	2.10B YoY+0.0%	2.10B YoY+1.6%	2.07B YoY-3.0%	2.13B YoY+4.4%	2.04B YoY+11.8%
Total liabilities & equity	6.34B YoY-2.2%	6.48B YoY+3.5%	6.26B YoY+16.2%	5.39B YoY+9.3%	4.93B YoY+15.0%
Common shares issued	411M YoY+0.4%	409M YoY+0.4%	407M YoY+3.6%	393M YoY+0.5%	391M YoY+303.9%
Common shares outstanding	385M YoY-1.5%	391M YoY+1.4%	385M YoY-0.2%	386M YoY-0.4%	388M YoY+303.7%
Shares outstanding (cover)	390M YoY-0.1%	391M YoY+1.1%	386M YoY+0.0%	386M YoY+298.5%	96.9M YoY+0.9%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.44B YoY+45.6%	990M YoY+32.2%	749M YoY+11.8%	670M YoY+51.3%	443M YoY-7.0%
Depreciation & amortization	252M YoY+15.7%	218M YoY+17.0%	186M YoY+19.3%	156M YoY+52.8%	102M YoY+52.0%
Share-based compensation	160M YoY-6.3%	170M YoY+13.0%	151M YoY+19.2%	127M YoY+11.6%	113M YoY-5.0%
Deferred income taxes	182M YoY+516.0%	-43.8M YoY+20.4%	-55.0M YoY-154.6%	-21.6M YoY-236.7%	15.8M YoY+106.1%
Change in receivables	202M YoY+476.9%	35.0M YoY-86.5%	260M YoY+30.1%	200M YoY+164.8%	75.5M YoY-46.9%
Change in inventory	63.7M YoY+613.7%	-12.4M YoY-104.9%	253M YoY+612.4%	-49.3M YoY-143.9%	112M YoY-2.0%
	536M YoY+358.3%	-208M YoY+59.1%	-507M YoY+2.7%	-522M YoY-141.3%	-216M YoY+78.8%
Capital expenditure	364M YoY+1.3%	359M YoY+51.6%	237M YoY-35.1%	365M YoY-6.3%	389M YoY+95.6%
Acquisitions	—	0.00	0.00 YoY-100.0%	3.90M YoY-87.1%	30.2M
Other investing activities	-600K YoY-103.9%	15.5M YoY+915.8%	-1.90M YoY-850.0%	-200K YoY+98.0%	-10.1M YoY-189.4%
	-1.69B YoY-129.5%	-735M YoY-130.6%	-319M YoY+42.3%	-553M YoY-5412.5%	10.4M YoY-98.9%
Common stock issued	28.1M YoY-0.4%	28.2M YoY+6.0%	26.6M YoY+18.2%	22.5M YoY+10.8%	20.3M YoY+32.7%
Common stock repurchased	500M YoY-33.3%	750M YoY+8.9%	689M YoY+23.5%	558M	0.00
Other financing activities	-7.00M YoY+46.2%	-13.0M YoY-966.7%	1.50M YoY+108.7%	-17.3M YoY-74.7%	-9.90M YoY-5.3%
FX effect on cash	21.5M YoY+390.5%	-7.40M YoY-593.3%	1.50M YoY+125.9%	-5.80M YoY-314.3%	-1.40M YoY-166.7%
Net change in cash	312M YoY+683.4%	39.8M YoY+152.5%	-75.8M YoY+81.5%	-410M YoY-274.3%	235M YoY-36.7%
Interest paid	11.4M YoY+0.0%	11.4M YoY-8.1%	12.4M YoY+1.6%	12.2M YoY+5.2%	11.6M YoY+9.4%
Income taxes paid	94.4M YoY-52.3%	198M YoY-6.7%	212M YoY+85.9%	114M YoY+579.8%	16.8M YoY+366.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	25.9B YoY-14.8%	30.4B YoY-36.6%	47.9B YoY+9.6%	43.7B YoY+236.2%	13.0B YoY+46.6%
P/E	31.0× YoY-41.3%	52.7× YoY-58.7%	127.7× YoY-29.9%	182.1× YoY+203.6%	60.0× YoY+271.5%
P/S	5.6× YoY-26.3%	7.5× YoY-46.7%	14.1× YoY-11.1%	15.9× YoY+199.6%	5.3× YoY+15.3%
P/B	9.4× YoY-34.8%	14.4× YoY-31.9%	21.2× YoY-12.9%	24.4× YoY+282.4%	6.4× YoY+11.4%
P/FCF	24.0× YoY-50.1%	48.2× YoY-50.0%	96.3× YoY-43.4%	170.1× YoY-30.3%	244.1× YoY+660.7%
Earnings yield	3.2% YoY+70.3%	1.9% YoY+142.2%	0.8% YoY+42.7%	0.5% YoY-67.1%	1.7% YoY-73.1%
FCF yield	4.2% YoY+100.4%	2.1% YoY+99.9%	1.0% YoY+76.7%	0.6% YoY+43.5%	0.4% YoY-86.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DXCM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DXCM filings on SEC EDGAR → Not investment advice.

DXCM▼ financial statements

About this data

financial statements