Record Revenue Growth
Total revenue for Q1 2025 was $143.5 million, representing approximately 48% growth year-over-year and 18% sequential growth from Q4 2024.
Strong Performance in Transplant Services
TransMedics transplant services revenue for Q1 was approximately $55.3 million, up 56% year-over-year and 18.5% sequentially.
Improved Gross Margin
Overall gross margins for Q1 improved to 61.5%, up from 59% in Q4 2024.
Significant Operating Profit Increase
Operating profit was $27.4 million in Q1, representing approximately 19% of total revenue and up significantly from 7% of total revenue in Q4 2024.
Successful Expansion in Logistics
Transplant Logistics services revenue for Q1 was $26.1 million, representing approximately 80% year-over-year and 20% sequential growth.
Raised Full-Year Revenue Guidance
Full-year 2025 revenue guidance was raised to between $565 million and $585 million, representing approximately 28% to 32% growth over full-year 2024.