Company: TCMD
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001104659-25-105543
Chunk: 3

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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Item 1. Financial Statements

​​​​​​​Tactile Systems Technology, Inc.Condensed Consolidated Balance Sheets(Unaudited)​    September 30,    December 31,(In thousands, except share and per share data)    2025    2024Assets​​​​​Current assets​​​​​​Cash​$ 65,965​$ 94,367Accounts receivable, net​  37,257​  44,937Net investment in leases​  14,843​  14,540Inventories​  16,084​  18,666Prepaid expenses and other current assets​  7,250​  5,053Total current assets​  141,399​  177,563Non-current assets​​​​​​Property and equipment, net​  5,460​  5,603Right of use operating lease assets​  14,751​  16,633Intangible assets, net​  40,023​  42,789Goodwill​​ 31,063​​ 31,063Deferred income taxes​  16,745​  18,311Other non-current assets​  9,736​  5,962Total non-current assets​  117,778​  120,361Total assets​$ 259,177​$ 297,924Liabilities and Stockholders' Equity​​​​​​Current liabilities​​​​​​Accounts payable​$ 7,989​$ 5,648Note payable​​ —​​ 2,956Accrued payroll and related taxes​  14,727​  17,923Accrued expenses​  7,862​  7,780Income taxes payable​  1,200​  270Operating lease liabilities​  3,144​  2,980Other current liabilities​  4,264​  3,147Total current liabilities​  39,186​  40,704Non-current liabilities​​​​​​Note payable, non-current​​ —​​ 23,220Accrued warranty reserve, non-current​  1,121​  1,209Income taxes payable, non-current​  334​  239Operating lease liabilities, non-current​​ 13,587​  15,955Total non-current liabilities​  15,042​  40,