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DEXCOM INC (DXCM)

As-reported financials and recent SEC filings for DEXCOM INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About DEXCOM INC

Dexcom Inc is a medical device company that designs, develops, and sells continuous glucose monitoring systems for diabetes and metabolic health management. Its main products include the Dexcom G7 and G7 15 Day systems, which provide real-time glucose readings and alerts to patients, caregivers, and clinicians. The company serves people with diabetes, including those using insulin, as well as adults with prediabetes and Type 2 diabetes who do not use insulin.

Snapshot

Revenue
$4.66B
Revenue growth (YoY)
15.6%
Net income
$836.3M
Diluted EPS
$2.09
Gross margin
60.1%
Operating margin
19.6%
Net margin
17.9%
FCF margin
23.1%
ROE
30.5%
P/E (TTM)
31.5×
Market cap
$28.31B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Dexcom

  • Revenue grew 15.6% to $4.7B in FY2025, faster than the 11.3% the year before.
  • Operating margin is 19.6% in FY2025, +8.7 pp against 10.9% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $1.2B, up 15.0% from Q1 FY2025.
  • Free cash flow was $1.1B in FY2025, 23.1% of revenue.
  • Net income rose 45.1% to $836M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Dexcom’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin60.1%
43rd percentile of 77
Operating margin19.6%
92nd percentile of 80
Net margin17.9%
90th percentile of 81
FCF margin23.1%
93rd percentile of 74
Revenue growth (YoY)+15.6%
57th percentile of 87
ROE30.5%
95th percentile of 79
P/E (TTM)31.5×
48th percentile of 32
Short interest4.37d
37th percentile of 88

Dexcom’s return on equity of 30.5% ranks in the 95th percentile of the 79 medical device companies reporting it. Dexcom’s FCF margin of 23.1% ranks in the 93rd percentile of the 74 medical device companies reporting it. Dexcom’s operating margin of 19.6% ranks in the 92nd percentile of the 80 medical device companies reporting it.

No open-market insider buys in the last 90 days; 11 insider sales totaling $7.3M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$572.6M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$136.5M2.2MReduced
Citadel AdvisorsquantQ1 2026$131.4M2.1MAdded
Millennium ManagementquantQ1 2026$101.9M1.6MAdded
Renaissance TechnologiesquantQ1 2026$99.4M1.6MAdded
Two Sigma InvestmentsquantQ1 2026$70.0M1.1MAdded
Point72 Asset ManagementquantQ1 2026$16.2M257.3KReduced
Bridgewater AssociatesQ1 2026$8.8M139.7KReduced
Gotham Asset ManagementQ1 2026$6.8M108.0KAdded
D. E. ShawquantQ1 2026$1.7M27.7KReduced
First Eagle Investment ManagementQ1 2026$3,64258Held

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
11
$7.3M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-20
filed 2026-07-21
SAYER KEVIN RExecutive ChairSell26.8K$76.32$2.0M
2026-07-15
filed 2026-07-16
Brown Michael JonEVP Chief Legal Compliance OffSell1.7K$74.42$127K
2026-07-06
filed 2026-07-07
SAYER KEVIN RExecutive ChairSell26.8K$72.00$1.9M
2026-06-15
filed 2026-06-17
FOLETTA MARK GDirectorSell3.8K$74.10$282K
2026-06-15
filed 2026-06-17
Brown Michael JonEVP Chief Legal Compliance OffSell1.7K$75.55$128K
2026-06-15
filed 2026-06-17
FOLETTA MARK GDirectorSell199$74.82$15K
2026-06-04
filed 2026-06-05
Coleman JonEVP, Chief Commercial OfficerSell4.9K$74.13$364K
2026-06-03
filed 2026-06-05
Coleman JonEVP, Chief Commercial OfficerSell4.9K$73.00$359K
2026-05-21
filed 2026-05-26
SAYER KEVIN RExecutive ChairSell26.8K$72.00$1.9M
2026-05-15
filed 2026-05-19
Brown Michael JonEVP, Chief Legal OfficerSell1.7K$59.91$102K
2026-05-12
filed 2026-05-14
Heller Bridgette PDirectorSell1.0K$60.01$61K
2026-04-15
filed 2026-04-16
Brown Michael JonEVP, Chief Legal OfficerSell1.7K$63.04$107K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
18.7M
settled 2026-07-15
Change vs prior
+3.0%
vs previous settlement
Days to cover
4.37
at avg daily volume
Avg daily volume
4.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1518.7M+3.0%4.37
2026-06-3018.1M+6.4%3.60
2026-06-1517.0M-2.2%3.17
2026-05-2917.4M-1.0%2.06
2026-05-1517.6M-4.1%2.78
2026-04-3018.3M+20.6%3.96
2026-04-1515.2M+3.2%4.06
2026-03-3114.7M-9.7%3.50

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.66B$4.03B$3.62B$2.91B$2.45B
Gross profit$2.80B$2.44B$2.29B$1.88B$1.68B
Operating income$911.8M$600.0M$597.7M$391.2M$265.8M
Net income$836.3M$576.2M$541.5M$341.2M$216.9M
Diluted EPS$2.09$1.42$1.30$0.82$0.53

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$917.7M$606.1M$566.3M$642.3M$1.05B
Current assets$4.03B$4.30B$4.43B$3.67B$3.68B
Total assets$6.34B$6.48B$6.26B$5.39B$4.93B
Current liabilities$2.14B$2.93B$1.56B$1.84B$720.8M
Long-term debt
Total liabilities$3.59B$4.38B$4.20B$3.26B$2.89B
Total equity$2.75B$2.10B$2.07B$2.13B$2.04B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.44B$989.5M$748.5M$669.5M$442.5M
Capital expenditure$363.5M$358.8M$236.6M$364.8M$389.2M
Free cash flow$1.08B$630.7M$511.9M$304.7M$53.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.19B15.0%$199.5M$0.51
Q4 FY2025$1.26B13.1%$267.3M$0.67
Q3 FY2025$1.21B21.6%$283.8M$0.70
Q2 FY2025$1.16B15.2%$179.8M$0.45
Q1 FY2025$1.04B12.5%$105.4M$0.27
Q4 FY2024$1.11B7.6%$151.7M$0.37
Q3 FY2024$994.2M2.0%$134.6M$0.34
Q2 FY2024$1.00B15.3%$143.5M$0.35

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2018
SEC CIK1093557

Recent SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-05-28
View on EDGAR →
8-K2026-05-15
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

DXCM head to head

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.