Tandem Diabetes Care, Inc. (TNDM) Stock Price & Analysis

Tandem Diabetes Care, Inc. (TNDM) closed at USD 19.68 on Wednesday, October 28, 2026, up 2.39% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 19.22; the Oct 28, 2026 session ranged USD 18.75–19.71 on volume of 2,137,718 shares. Market capitalization is $1.37B, with a 52-week range of USD 12.26–29.65 (NGM). Source: Nexqual, retrieved October 29, 2026 at 11:01 UTC.

Also available as compact Markdown for AI agents: nexqual.com/TNDM.md

Key facts (TNDM)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TNDM)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$703M$801M$748M$940M$1.01B$1.04B
Gross profit$376M$413M$368M$490M$546M—
Operating income$22.7M-$92.8M-$233M-$99.1M-$187M-$45.8M
Net income$15.6M-$94.6M-$223M-$96.0M-$205M-$63.3M
EPS (diluted)$0.24-$1.47-$3.43-$1.47-$3.04—
Free cash flow$97.2M$16.4M-$58.6M$5.0M-$29.7M-$26.6M
Gross margin53.5%51.5%49.2%52.1%53.8%—
Operating margin3.2%-11.6%-31.2%-10.5%-18.5%-4.4%
Net margin2.2%-11.8%-29.8%-10.2%-20.2%-6.1%
Revenue growth+40.9%+14.0%-6.7%+25.7%+7.9%—
Cash + short-term investments$624M$617M$468M$438M$293M—
Total debt$281M$283M$285M$349M$310M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (TNDM)

P/S 1.3x · EV/Sales 1.5x · P/B 10.5x · FCF yield -1.94% · Earnings yield -4.62% · Net debt $147M · EV $1.52B

Analysts (TNDM)

Consensus Buy (mean 2.40 on a 1–5 scale), 25 analysts; mean target USD 27.76 (low 18, high 50).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-07BarclaysInitiatedEqual-Weight$18
2026-09-30CitigroupTarget loweredNeutral$24 → $20
2026-09-24Truist SecuritiesTarget loweredBuy$31 → $28
2026-08-21William BlairInitiatedOutperform
2026-08-07CitigroupTarget raisedNeutral$17 → $21
2026-08-07RBC CapitalTarget loweredOutperform$30 → $26
2026-07-15MizuhoTarget loweredNeutral$24 → $20

Total return (dividends reinvested) (TNDM)

1Y (from 2025-10-29)5Y (from 2021-10-25)
Total return+29.9%-85.6%
S&P 500 (SPY)+13.6%+79.8%
Per year+30.0%-32.0%
Volatility (annualized)74.6%69.3%
Max drawdown-54.6% (Feb 2026→May 2026)-92.9% (Dec 2021→Aug 2025)

TNDM earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 6, 2026Quarter ended Jun 30, 2026−$0.31−$0.32Beat +3.1%+14.2%
May 7, 2026Quarter ended Mar 31, 2026−$0.30−$0.44Beat +31.8%-14.1%
Feb 19, 2026Quarter ended Dec 31, 2025−$0.01−$0.09Beat +88.9%+29.7%
Nov 6, 2025Quarter ended Sep 30, 2025−$0.31−$0.34Beat +8.8%+10.8%
Aug 6, 2025————-24.0%
Apr 30, 2025————+19.1%
Feb 26, 2025————-34.8%
Nov 6, 2024————+0.6%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

TNDM recent SEC filings (last 120 days)

FiledFormWhat it says
Aug 6, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 6, 20268-KQuarterly results
Aug 6, 2026Schedule 13G/AVoya Financial, Inc.: 0.2% of shares, passive 5%+ holder (amended)

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

TNDM revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Supplies and other$139.9M55.0%+8.6%
Pump$114.7M45.0%+2.5%
Total revenue$254.6M100%—

TNDM revenue by region (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
United States$179.3M70.4%+5.3%
International$75.3M29.6%+6.8%
Total revenue$254.6M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

TNDM company outlook (results filed Aug 6, 2026)

Quoted word-for-word from the SEC 8-K results press release.

TNDM analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.24$-0.20−$0.04$265.8M20
Next quarter (ends Dec 2026)$0.18$0.13+41.1%$304.4M20
Current fiscal year (ends Dec 2026)$-0.66$-0.71+$0.05$1.07B21
Next fiscal year (ends Dec 2027)$0.16$0.07+129.2%$1.20B21

TNDM options: expected move

Options price a move of about ±21.0% (±$4.08) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±18.4% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 202622104.8%±21.0%
Dec 18, 20265087.6%±25.9%
Jan 15, 20277867.1%±24.6%
Feb 19, 202711364.0%±28.1%
May 21, 202720475.8%±44.0%

30-day implied volatility 99.4% vs 51.7% realized over the last 30 trading days. Put/call ratio (volume) 0.1. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 11:01 UTC)

PriceUSD 19.68
Change▲ 2.39% (up)
Previous CloseUSD 19.22
OpenUSD 18.93
Day RangeUSD 18.75 – 19.71
52-Week RangeUSD 12.26 – 29.65
Volume2,137,718 shares
Market Cap$1.37B
ExchangeNGM

Technical Analysis (TNDM)

Nexqual's technical model rates TNDM "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 29, 2026 at 11:01 UTC.

Overall SignalBUY
RSI (14)70.89 (overbought)
vs SMA50Above (USD 18.16)
MACD0.31 (positive)

Analyst Ratings (TNDM)

Wall Street analysts rate TNDM "Buy" based on 25 analysts, with a mean price target of USD 27.76 (range USD 18–50), per Nexqual as of October 29, 2026 at 11:01 UTC.

Consensus RatingBuy
Analyst Count25
Mean TargetUSD 27.76
High TargetUSD 50
Low TargetUSD 18
Buy / Hold / Sell13 / 12 / 0

Earnings (TNDM)

Next Earnings Date2026-11-05
EPS EstimateUSD -0.24
Revenue Estimate$265.85M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.31 vs est -0.32 ▲ beat
2026-03-31USD -0.3 vs est -0.44 ▲ beat
2025-12-31USD -0.01 vs est -0.09 ▲ beat
2025-09-30USD -0.31 vs est -0.34 ▲ beat

Source: Nexqual, October 29, 2026 at 11:01 UTC.

Financials & Fundamentals (TNDM)

Total Revenue$1.04B
Revenue Growth (latest quarter, YoY)+5.80%
Gross Margin+56.01%
Operating Margin-5.42%
Profit Margin-6.08%
ROE-48.03%
Debt / Equity5.67
Current Ratio3.18
Total Cash$456.00M
Total Debt$739.25M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)-$26.62M (-2.6% of revenue)

Source: Nexqual, October 29, 2026 at 11:01 UTC.

Financial Health Score (TNDM)

Nexqual rates Tandem Diabetes Care, Inc.'s overall financial health "Weak" across five dimensions, as of October 29, 2026 at 11:01 UTC.

GrowthSolid — Revenue +8% YoY (annual)
ProfitabilityMixed — Gross margin 56%, operating -4% (last 4 quarters to Jun 2026, SEC)
Balance SheetWeak — $456M cash and investments vs $603M debt (Jun 2026, SEC)
Cash FlowWeak — FCF negative: -$27M (last 4 quarters to Jun 2026, SEC), burning cash
EfficiencyCritical — ROE -49%, ROA -5.5% (last 4 quarters, SEC)

Ownership (TNDM)

Insider Ownership+1.17%
Institutional Ownership+115.64%
Shares Outstanding69.58M
Float63.76M
Short % of Float+29.04%

Source: Nexqual, October 29, 2026 at 11:01 UTC.

Leadership (TNDM)

Tandem Diabetes Care, Inc. is led by John F. Sheridan, President, CEO & Director, per Nexqual as of October 29, 2026 at 11:01 UTC.

President, CEO & DirectorJohn F. Sheridan
Executive VP, CFO & TreasurerLeigh A. Vosseller
Executive VP and Chief Strategy & Product OfficerElizabeth Anne Gasser
Executive VP & COOJean-Claude E. Kyrillos
Executive VP & CTORick A. Carpenter

Major Backers & Investors (TNDM)

Notable institutional backers of Tandem Diabetes Care, Inc. include Sessa Capital IM, L.P., First Light Asset Management, LLC, GW&K Investment Management, LLC, according to Nexqual as of October 29, 2026 at 11:01 UTC.

Active Investors

InvestorStake
Sessa Capital IM, L.P.7.33%
First Light Asset Management, LLC4.86%
GW&K Investment Management, LLC3.69%
Jennison Associates LLC3.35%
Paradice Investment Management, LLC2.89%
Jacobs Levy Equity Management, Inc.2.88%
Fidelity2.23%

Index Funds (Passive)

FundStake
BlackRock16.65%
Vanguard Group10.63%
State Street4.1%

Source: Nexqual, October 29, 2026 at 11:01 UTC.

From Tandem Diabetes Care, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
INSPInspire Medical Systems, Inc.USD 70.97▼ 0.46%
ESTAEstablishment Labs Holdings IncUSD 68.97▲ 3.02%
BFLYButterfly Network, Inc.USD 7.81▲ 5.83%
UFPTUFP Technologies, Inc.USD 286▼ 3%
TMDXTransMedics Group, Inc.USD 66.9▼ 4.06%
ALMRAlamar Biosciences, Inc.USD 34.3▲ 7.42%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 11:01 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt