Financial Performance - Total sales for the three months ended September 30, 2025, were $249.3 million, a 2% increase from $244.0 million in the same period of 2024[10] - Gross profit for the nine months ended September 30, 2025, was $378.6 million, compared to $332.1 million for the same period in 2024, reflecting a 14% increase[10] - The net loss for the three months ended September 30, 2025, was $21.2 million, slightly improved from a net loss of $23.3 million in the same period of 2024[10] - For the nine months ended September 30, 2024, the net loss was $96,780,000, compared to a net loss of $204,121,000 for the same period in 2025, indicating a significant increase in losses year-over-year[18] - The company reported a comprehensive loss of $197.006 million for the nine months ended September 30, 2025, compared to a comprehensive loss of $94.279 million for the same period in 2024[10] Assets and Liabilities - Total current assets decreased to $616.9 million as of September 30, 2025, down from $724.5 million at December 31, 2024, representing a 15% decline[8] - Total liabilities increased to $741.7 million as of September 30, 2025, compared to $704.6 million at December 31, 2024, marking a 5% increase[8] - The total stockholders' equity decreased to $133.0 million as of September 30, 2025, down from $263.1 million at December 31, 2024[8] - The company reported an accumulated deficit of $1.25 billion as of September 30, 2025, compared to $1.05 billion at December 31, 2024[8] Cash Flow and Investments - Cash and cash equivalents rose to $91.9 million as of September 30, 2025, up from $69.2 million at December 31, 2024, indicating a 33% increase[8] - The company reported a net cash used in operating activities of $19,510,000 for the nine months ended September 30, 2024, a decline from net cash provided of $13,508,000 in the previous year[18] - The company purchased $56,004,000 in short-term investments during the nine months ended September 30, 2025, compared to $251,361,000 in the previous year, reflecting a strategic shift in investment strategy[18] - As of September 30, 2025, the total fair value of short-term investments was $227,164,000, a decrease from $369,095,000 on December 31, 2024[58] Research and Development - Research and development expenses for the nine months ended September 30, 2025, were $147.0 million, slightly higher than $146.7 million for the same period in 2024[10] - The company incurred $75,217,000 in acquired in-process research and development expenses during the nine months ended September 30, 2025, indicating ongoing investment in innovation[18] Stockholder Equity and Compensation - The total stockholders' equity decreased to $132.965 million as of September 30, 2025, from $263.098 million as of December 31, 2024, a decline of approximately 49%[8] - Total stock-based compensation expense for the nine months ended September 30, 2025, was $72.271 million, slightly down from $73.217 million in the same period of 2024[97] - The company recorded a stock-based compensation expense of $73,018,000 for the nine months ended September 30, 2024, consistent with the previous year's expense of $72,271,000[18] Sales and Revenue - Revenue is primarily generated from sales of insulin pumps, single-use insulin cartridges, and infusion sets, with recognition occurring upon transfer of control to customers[39] - Revenue from the United States for the three months ended September 30, 2025, was $175.6 million, compared to $171.7 million in 2024, reflecting a 2.3% increase[114] - Total sales to distributors accounted for 62% of the Company's United States sales for the three months ended September 30, 2025[115] Legal and Settlement Agreements - The company has a liability of $31.6 million related to a settlement agreement with Roche, which will be amortized over seven years, reflecting ongoing strategic partnerships and legal considerations[33] - The company entered into a settlement agreement with Roche, agreeing to pay $36 million over four years, with an initial payment of $8 million, impacting future cash flows[33] Convertible Senior Notes - The Company completed an offering of $316.3 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029, with net proceeds of $306.8 million[79] - Approximately $246.1 million of the net proceeds from the 2029 Notes were used to repurchase $246.7 million of Convertible Senior Notes due 2025, resulting in a $1.3 million loss on extinguishment of debt[80] - The 2029 Notes have an initial conversion price of approximately $34.56 per share, with a conversion rate of 28.9361 shares per $1,000 principal amount[83] - As of September 30, 2025, the net carrying amount of the Company's convertible senior notes was $309.590 million, down from $348.936 million as of December 31, 2024[88] Warranty and Provisions - The warranty reserve balance at the end of the period was $53.859 million as of September 30, 2025, compared to $51.408 million at December 31, 2024[51] - The Company recognized warranty provisions of $8.918 million and $27.391 million for the three and nine months ended September 30, 2025, respectively[51] Impairments and Lease Costs - The Company recorded a $3.6 million impairment charge in operating expenses in Q1 2025 due to expected sublease income being less than the net book value of the subleased assets[75] - Operating lease costs (excluding sublease income) for the three months ended September 30, 2025, were $4,328,000, compared to $3,603,000 for the same period in 2024, reflecting an increase of 20.1%[77] - The Company’s total lease cost for the nine months ended September 30, 2025, was $17,995,000, compared to $10,749,000 for the same period in 2024, showing an increase of 67.5%[77]

Sales Performance - Worldwide sales for Q3 2025 increased to $249.3 million, up from $244.0 million in Q3 2024, with international sales of $73.6 million compared to $72.3 million[5] - The company achieved record third quarter sales both in the U.S. and internationally, with over 20,000 pumps shipped in the U.S. and more than 9,000 pumps shipped internationally[6] - Total GAAP sales in the United States for Q3 2025 reached $175.631 million, a 2% increase from $171.650 million in Q3 2024[24] - Total sales outside the United States for Q3 2025 were $73.622 million, a 2% increase from $72.321 million in Q3 2024[24] - Total non-GAAP worldwide sales for the nine months ended September 30, 2025, were $724.353 million, reflecting a 10% increase compared to $657.555 million in the same period of 2024[26] Financial Performance - GAAP gross profit for Q3 2025 was $134.3 million, resulting in a gross margin of 54%, an improvement from 51% in Q3 2024[7] - GAAP gross profit for Q3 2025 was $134.292 million, up from $124.653 million in Q3 2024, resulting in a gross margin of 54%[26] - The operating loss for Q3 2025 was $22.9 million, or negative 9% of sales, compared to a loss of $26.1 million, or negative 11% of sales in Q3 2024[7] - The net loss for Q3 2025 was $21.2 million, an improvement from a net loss of $23.3 million in Q3 2024[7] - The company reported a GAAP net loss of $21.165 million for Q3 2025, compared to a net loss of $23.251 million in Q3 2024[26] - Non-GAAP operating loss for the nine months ended September 30, 2025, was $164.433 million, an increase from a loss of $97.900 million in the same period of 2024[26] - Non-GAAP net loss for the nine months ended September 30, 2025, was $173.003 million, compared to a loss of $96.135 million in the same period of 2024[26] Guidance and Estimates - The company reaffirmed its full-year 2025 sales guidance at approximately $1.0 billion, with U.S. sales expected to be around $700 million and international sales approximately $300 million[10] - Gross margin for the full year 2025 is estimated to be between 53% and 54% of sales[10] - Adjusted EBITDA margin for the full year is estimated to be approximately negative 5% of sales, revised from approximately 3%[10] - Non-cash charges included in cost of goods sold and operating expenses are estimated to be approximately $115 million for the full year 2025[10] Other Developments - The company received FDA clearance for the extended wear use of the SteadiSet Infusion Set and filed for Android mobile control of the Tandem Mobi insulin delivery system[6] - The company recorded $11.2 million in impairment charges related to restructuring costs in Q1 2025[27] - The Tandem Choice program concluded in 2024, with no impact on sales for this program in 2025[24] - Free cash flow for Q3 2025 was $4.172 million, down from $21.542 million in Q3 2024[26]

What Happened? Shares of diabetes technology company Tandem Diabetes Care (NASDAQ:TNDM) fell 5.1% in the morning session after analyst projections for its third-quarter 2025 earnings pointed to a year-on-year revenue decline. For the quarter, analysts expected revenue to fall 3.3% to $236 million, a sharp reversal from the 31.4% increase the company posted in the same period of the previous year. The company was also projected to report an adjusted loss of $0.34 per share. Compounding these concerns, the ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Tandem Diabetes Care, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation Details - The investigation is prompted by a press release from Tandem Diabetes Care on August 7, 2025, announcing a voluntary medical device correction for select t:slim X2 insulin pumps, which could lead to a discontinuation of insulin delivery [3]. - Following the announcement, Tandem Diabetes' stock experienced a significant decline of 19.9% on the same day [3]. Group 2: Class Action Information - Shareholders who purchased Tandem Diabetes Care securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [2]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and consistently ranking in the top 4 for settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].

Core Viewpoint - Tandem Diabetes Care, Inc. is set to present updates at two upcoming investor conferences, indicating ongoing engagement with the investment community and potential developments in their business strategy [1] Group 1: Company Updates - The company will present at the Stifel 2025 Healthcare Conference on November 11, 2025, at 10:40 AM Eastern Time [1] - The company will also present at the Piper Sandler 37th Annual Healthcare Conference on December 2, 2025, at 10:30 AM Eastern Time [1]

Core Insights - Tandem Diabetes Care, Inc. has launched the t:slim X2 insulin pump integrated with Abbott's FreeStyle Libre 3 Plus CGM sensor in the U.S. This marks the beginning of a global commercial rollout aimed at enhancing choice and personalization for diabetes patients [1] Company Overview - Tandem Diabetes Care, Inc. is a global player in insulin delivery and diabetes technology, focusing on innovative solutions for diabetes management [1] Product Launch - The t:slim X2 insulin pump features Control-IQ+ automated insulin delivery technology, which is now available with the integration of Abbott's FreeStyle Libre 3 Plus continuous glucose monitoring sensor [1] Market Impact - The integration of these technologies is expected to provide expanded options for individuals living with diabetes, enhancing their management capabilities [1]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Tandem Diabetes Care, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation Details - The investigation is prompted by a press release from Tandem Diabetes Care on August 7, 2025, regarding a voluntary medical device correction for select t:slim X2 insulin pumps, which indicated a potential speaker-related issue that could lead to insulin delivery discontinuation [3]. - Following the announcement, Tandem Diabetes' stock experienced a significant decline of 19.9% on the same day [3]. Group 2: Class Action Information - Shareholders who purchased Tandem Diabetes Care securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [2]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and consistently ranking in the top 4 for securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Tandem Diabetes Care, Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - On August 7, 2025, Tandem disclosed a malfunction in certain insulin pumps that could lead to a discontinuation of insulin delivery, potentially resulting in hyperglycemia and requiring hospitalization [1] - Following the announcement of the malfunction, Tandem's stock price dropped by $2.87 per share, or 19.94%, closing at $11.52 per share on the same day [1] Group 2 - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of fighting for victims of securities fraud and corporate misconduct [2] - The firm has a track record of recovering multimillion-dollar damages awards for class members over its 85-year history [2]

Core Viewpoint - Tandem Diabetes Care, Inc. is set to release its third quarter 2025 financial results on November 6, 2025, after market close [1] Group 1 - The company will hold a conference call and webcast on the same day at 4:30 pm Eastern Time (1:30 pm Pacific Time) to discuss its financial and operating results [1] - A live webcast of the call will be available for interested parties [1]

Core Viewpoint - Tandem Diabetes Care, Inc. is under investigation for potential violations of federal securities laws following a malfunction in its insulin pumps that could endanger patients and lead to significant financial losses for investors [1][2]. Company Summary - On August 7, 2025, Tandem disclosed a malfunction in some of its insulin pumps that could lead to a discontinuation of insulin delivery, potentially resulting in hyperglycemia and requiring hospitalization [2]. - The company notified affected customers between July 22 and 24, 2025, about the issue [2]. - Following this announcement, Tandem's stock price dropped by $2.87, or 19.9%, closing at $11.52 per share on the same day, indicating a significant impact on investor value [3]. Legal and Investigation Context - Glancy Prongay & Murray LLP is leading the investigation on behalf of Tandem investors to explore possible claims for recovering losses incurred due to the stock price decline [1][4]. - The law firm has a strong track record in securities litigation, having recovered billions for investors and consistently ranked among the top firms in securities class action settlements [6][7].