DexCom, Inc.
DXCMDexcom beats Q2 estimates with non-GAAP EPS $0.70 and revenue $1.3B, raises 2026 revenue and margin guidance
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View AllDexCom, Inc. is a medical technology company primarily focused on innovating, developing, and marketing continuous glucose monitoring (CGM) systems. Operating across the United States and internationally, the firm provides its solutions for individuals managing diabetes as well as for healthcare practitioners. Its product portfolio features the DexCom G6, a comprehensive CGM system for diabetes management; the Dexcom Real-Time API, enabling authorized third-party developers to integrate live CGM data into their digital health applications; the Dexcom ONE, which aims to supersede traditional finger-prick blood glucose testing for treatment decisions; and Dexcom Share, a remote monitoring platform. The company is also developing the Dexcom G7, its next-generation CGM system. Furthermore, DexCom, Inc. has a licensing and collaboration agreement with Verily Life Sciences LLC and Verily Ireland Limited to advance blood-based or interstitial glucose monitoring products. The company directly sells its offerings to specialists such as endocrinologists, physicians, and diabetes educators. DexCom, Inc. was founded in 1999 and maintains its headquarters in San Diego, California.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.03B | $3.62B | $2.91B | $2.45B | $1.93B | $1.48B | $1.03B | $718.50M |
| Cost of Revenue | $1.59B | $1.33B | $1.03B | $768.00M | $646.60M | $544.50M | $367.70M | $226.40M |
| Gross Profit | $2.44B | $2.29B | $1.88B | $1.68B | $1.28B | $931.50M | $663.90M | $492.10M |
| Gross Margin | 60.46% | 63.19% | 64.72% | 68.63% | 66.44% | 63.11% | 64.36% | 68.49% |
| Operating Expenses | $1.84B | $1.69B | $1.49B | $1.41B | $980.60M | $789.20M | $850.20M | $534.60M |
| Operating Income | $600.00M | $597.70M | $391.20M | $265.80M | $299.50M | $142.30M | $-186.30M | $-42.50M |
| Operating Margin | 14.88% | 16.50% | 13.44% | 10.86% | 15.54% | 9.64% | -18.06% | -5.92% |
| Net Income | $576.20M | $541.50M | $341.20M | $216.90M | $493.60M | $101.10M | $-127.10M | $-50.20M |
| Net Margin | 14.29% | 14.95% | 11.73% | 8.86% | 25.62% | 6.85% | -12.32% | -6.99% |
| EPS (Basic) | $1.46 | $1.44 | $0.88 | $0.56 | $1.31 | $0.28 | $-0.36 | $-0.15 |
| EBITDA | $945.70M | $916.70M | $565.30M | $377.50M | $376.80M | $213.20M | $-74.70M | $-19.70M |
| Stock Option Compensation Expense | $170.40M | $150.80M | $126.50M | $113.40M | $119.40M | $102.70M | $101.90M | $106.20M |
| Price To Earnings Ratio | 54.61 | 88.46 | 129.24 | 239.45 | 70.71 | 197.12 | -83.13 | -98.68 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $31.47B | $47.90B | $44.10B | $51.94B | $34.90B | $19.93B | $10.57B | $4.95B |