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Operating Expense Breakdown
Details spending across R&D, sales and marketing, general & admin, and other areas to show how efficiently Teladoc is investing for growth. Watch shifts in expense mix for signs of prioritization, margin pressure, or steps toward profitability.Marketing remains the largest recurring line but has been pulled back from its 2022–23 peaks and now runs in a lower, steadier band; R&D and acquisition/integration spend have trended down as integrations complete, while depreciation & amortization stayed elevated from prior M&A and goodwill write‑downs. These cuts underpin management’s EBITDA and free‑cash‑flow guidance (and planned ad/SBC reductions), but reduced marketing and R&D raise execution risk: BetterHelp’s D2C weakness must be offset by insurance traction and Integrated Care growth for the margins story to hold.
Date | Research and Development | General and Administrative | Marketing | Depreciation and Amortization | Goodwill Impairment | Sales | Legal and Regulatory | Acquisition and Integration |
|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $62.86M | $104.03M | $143.40M | $90.91M | $0.00 | $49.39M | $0.00 | $1.69M |
Mar 31, 2026 | $67.86M | $102.09M | $151.53M | $92.29M | $0.00 | $51.28M | $0.00 | $1.06M |
Dec 31, 2025 | $71.61M | $108.42M | $149.66M | $94.84M | $0.00 | $47.66M | $0.00 | $2.23M |
Sep 30, 2025 | $67.57M | $102.58M | $167.99M | $88.37M | $12.63M | $48.21M | $0.00 | $1.93M |
Jun 30, 2025 | $68.78M | $108.11M | $167.55M | $93.00M | $0.00 | $49.95M | $0.00 | $2.66M |
Mar 31, 2025 | $69.96M | $112.77M | $168.19M | $87.87M | $59.14M | $48.69M | $0.00 | $2.19M |
Dec 31, 2024 | $76.75M | $100.00M | $174.73M | $89.52M | $0.00 | $52.73M | $0.00 | $456.00K |
Sep 30, 2024 | $72.38M | $114.25M | $177.46M | $89.57M | $0.00 | $47.47M | $0.00 | $457.00K |
Jun 30, 2024 | $76.75M | $109.55M | $170.27M | $96.56M | $0.00 | $50.44M | $0.00 | $457.00K |
Mar 31, 2024 | $81.39M | $111.70M | $183.33M | $97.89M | $0.00 | $54.36M | $0.00 | $373.00K |