Teladoc Health Financial Statements
NYSE: TDOCHealth CareMedical/Nursing ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Teladoc Health revenue and earnings
In fiscal 2025, Teladoc Health generated $2.53 billion in revenue, down 1.5% from fiscal 2024, its first annual decline since 2024. Teladoc Health reported a net loss of $200.3 million, compared with a loss of $1.00 billion a year earlier. Gross margin was 69.5% (down from 70.8%) and operating margin -10.4%.
Diluted earnings per share came in at -$1.14. Over the last 5 fiscal years, TDOC's revenue has grown at a 18.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Teladoc Health income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.53B | 2.57B | 2.60B | 2.41B | 2.03B | 1.09B | 553.31M | 417.91M | 233.28M | 123.16M |
| Revenue growth (YoY) | -1.54% | -1.26% | +8.13% | +18.41% | +85.81% | +97.71% | +32.40% | +79.14% | +89.42% | +59.15% |
| Cost of Revenue | 771.59M | 751.27M | 760.03M | 743.99M | 650.26M | 390.83M | 184.47M | 128.74M | 61.62M | 31.97M |
| Gross Profit | 1.76B | 1.82B | 1.84B | 1.66B | 1.38B | 703.13M | 368.84M | 289.17M | 171.66M | 91.19M |
| Operating Expenses | 2.02B | 2.84B | 2.09B | 15.32B | 1.65B | 1.21B | 449.28M | 360.03M | 247.05M | 153.85M |
| Research & Development | 277.92M | 307.27M | 348.52M | 333.63M | 311.88M | 164.94M | 64.64M | 54.37M | 34.46M | 21.82M |
| Selling, General & Admin | 626.41M | 640.48M | 678.44M | 677.03M | 688.59M | 660.74M | 229.37M | 176.07M | 117.77M | 74.81M |
| Operating Income | -262.95M | -1.02B | -248.55M | -13.65B | -265.63M | -506.42M | -80.44M | -70.85M | -75.39M | -62.66M |
| Interest Expense | 19.71M | 23.80M | 22.28M | 21.94M | 81.14M | — | — | — | — | — |
| Other Income (Expense) | 10.37M | -6.04M | 4.45M | -859.00K | 5.09M | -545.00K | 342.00K | — | — | — |
| Pretax Income | -235.53M | -993.65M | -219.61M | -13.66B | -384.66M | -575.99M | -109.45M | -96.97M | -107.01M | -73.71M |
| Income Tax | -35.21M | 7.59M | 760.00K | -3.81M | 44.14M | -90.86M | -10.59M | 118.00K | -225.00K | 510.00K |
| Net Income | -200.32M | -1.00B | -220.37M | -13.66B | -428.79M | -485.14M | -98.86M | -97.08M | -106.78M | -74.22M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -1.14 | -5.87 | -1.34 | -84.60 | -2.73 | -5.36 | -1.38 | -1.47 | -1.93 | -1.75 |
| EPS (Diluted) | -1.14 | -5.87 | -1.34 | -84.60 | -2.73 | -5.36 | -1.38 | -1.47 | -1.93 | -1.75 |
| Shares Outstanding (Basic) | 176.22M | 170.56M | 164.58M | 161.46M | 156.94M | 90.51M | 71.84M | 65.84M | 55.43M | 42.33M |
| Shares Outstanding (Diluted) | 176.22M | 170.56M | 164.58M | 161.46M | 156.94M | 90.51M | 71.84M | 65.84M | 55.43M | 42.33M |
| EBITDA | — | — | — | -13.40B | -61.39M | -436.93M | -41.49M | -35.25M | -56.30M | -54.39M |
| Gross Margin | 69.50% | 70.76% | 70.80% | 69.09% | 68.01% | 64.27% | 66.66% | 69.20% | 73.58% | 74.04% |
| Operating Margin | -10.39% | -39.73% | -9.55% | -567.27% | -13.07% | -46.29% | -14.54% | -16.95% | -32.32% | -50.88% |
| Net Margin | -7.92% | -38.97% | -8.47% | -567.53% | -21.09% | -44.35% | -17.87% | -23.23% | -45.77% | -60.26% |
This table shows 10 annual periods of Teladoc Health's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow TDOC's reporting calendar. What is a income statement?