Company: ISRG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001035267-25-000209
Chunk: 1

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 1
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(51.3)Total Intuitive Surgical, Inc. stockholders’ equity16,929.7 16,433.7 Noncontrolling interest in joint venture112.4 95.9 Total stockholders’ equity17,042.1 16,529.6 Total liabilities and stockholders’ equity$19,351.8 $18,743.2 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements (Unaudited).

3

INTUITIVE SURGICAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(UNAUDITED)

Three Months Ended September 30,Nine Months Ended September 30,in millions (except per share amounts)2025202420252024Revenue:Product$2,109.2 $1,709.2 $6,048.4 $4,978.9 Service395.9 328.9 1,150.1 959.7 Total revenue2,505.1 2,038.1 7,198.5 5,938.6 Cost of revenue:Product699.4 555.4 2,056.3 1,649.2 Service143.3 108.8 404.2 297.4 Total cost of revenue842.7 664.2 2,460.5 1,946.6 Gross profit1,662.4 1,373.9 4,738.0 3,992.0 Operating expenses:Selling, general, and administrative573.3 510.6 1,697.9 1,527.4 Research and development329.4 286.0 958.9 850.6 Total operating expenses902.7 796.6 2,656.8 2,378.0 Income from operations759.7 577.3 2,081.2 1,614.0 Interest and other income, net95.5 93.7 274.6 250.0 Income before taxes855.2 671.0 2,355.8 1,864.0 Income tax expense146.0 100.4 278.7 214.5 Net income709.2 570.6 2,077.1 1,649.5 Less: