Company: TCMD
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001558370-25-010098
Chunk: 1

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1. Financial Statements

​​​​​​​Tactile Systems Technology, Inc.Condensed Consolidated Balance Sheets(Unaudited)​    June 30,    December 31,(In thousands, except share and per share data)    2025    2024Assets​​​​​Current assets​​​​​​Cash​$ 81,528​$ 94,367Accounts receivable, net​  33,086​  44,937Net investment in leases​  14,457​  14,540Inventories​  17,111​  18,666Income taxes receivable​  457​  —Prepaid expenses and other current assets​  6,348​  5,053Total current assets​  152,987​  177,563Non-current assets​​​​​​Property and equipment, net​  4,897​  5,603Right of use operating lease assets​  15,462​  16,633Intangible assets, net​  40,904​  42,789Goodwill​​ 31,063​​ 31,063Deferred income taxes​  18,333​  18,311Other non-current assets​  9,402​  5,962Total non-current assets​  120,061​  120,361Total assets​$ 273,048​$ 297,924Liabilities and Stockholders' Equity​​​​​​Current liabilities​​​​​​Accounts payable​$ 8,025​$ 5,648Note payable​​ 2,956​​ 2,956Accrued payroll and related taxes​  12,678​  17,923Accrued expenses​  8,180​  7,780Income taxes payable​  —​  270Operating lease liabilities​  3,095​  2,980Other current liabilities​  5,469​  3,147Total current liabilities​  40,403​  40,704Non-current liabilities​​​​​​Note payable, non-current​​ 21,743​​ 23,220Accrued warranty reserve, non-current​  1,241​  1,209Income taxes payable, non-current​  355​  239Operating lease liabilities, non-current​​ 14,380​  15,955Total