Tactile Systems Technology (TCMD) Releases Q1 2026 Earnings: Revenue Up, Strong Gross Margin but Operating Loss

Tactile Systems Technology (TCMD) reported first-quarter 2026 revenue of $75.3 million, up 22.85% year-over-year and above the revenue estimate of $72.0 million.

Gross profit: $57.6 million (+27.05% year-over-year); cost of sales: $17.7 million (+10.87% year-over-year).

Gross margin was roughly 77%.

Profitability and per-share results:

Operating profit declined 66.23% year-over-year to -$1.5 million.

Net loss attributable to common shareholders was -$1.8 million, down 40.72% year-over-year; diluted EPS was -0.08 versus an estimate of -0.0959.

Cash flows and balance sheet:

Cash and cash equivalents totaled $75.0 million, down 10.32% year-over-year.

Cash from operating activities was -$0.3 million, a decline of 181.29% year-over-year.

Purchases of property, plant and equipment rose 116.62% year-over-year to -$0.8 million.

Total liabilities were $54.3 million, down 27.29% year-over-year.

Key takeaways:

Revenue growth was strong and outpaced the rise in cost of sales, supporting a notable expansion in gross profit.

Despite healthy gross margins, the company reported an operating loss and a small net loss for the quarter.

Operating cash flow turned negative and capital spending increased, while the balance sheet maintained a cash position of about $75.0 million.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Tactile Systems Technology Inc. Insider Trading Activity

Tactile Systems Technology Inc. insiders have traded $TCMD stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $TCMD stock by insiders over the last 6 months:

SHERI LOUISE DODD (Chief Executive Officer) has made 0 purchases and 3 sales selling 26,233 shares for an estimated $749,389.
KRISTIE BURNS (Sr. VP Mktg & Clinical Affairs) has made 0 purchases and 4 sales selling 15,824 shares for an estimated $454,636.
ELAINE M. BIRKEMEYER (CHIEF FINANCIAL OFFICER) has made 0 purchases and 3 sales selling 13,219 shares for an estimated $379,023.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

Tactile Systems Technology Inc. Hedge Fund Activity

We have seen 96 institutional investors add shares of Tactile Systems Technology Inc. stock to their portfolio, and 70 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CADIAN CAPITAL MANAGEMENT, LP removed 971,664 shares (-47.3%) from their portfolio in Q4 2025, for an estimated $28,178,256
MORGAN STANLEY removed 829,873 shares (-36.2%) from their portfolio in Q4 2025, for an estimated $24,066,317
CAPITOLIS LIQUID GLOBAL MARKETS LLC removed 707,662 shares (-78.4%) from their portfolio in Q4 2025, for an estimated $20,522,198
CAPITOLIS LIQUID GLOBAL MARKETS LLC removed 707,662 shares (-78.4%) from their portfolio in Q4 2025, for an estimated $20,522,198
DRIEHAUS CAPITAL MANAGEMENT LLC added 565,642 shares (+inf%) to their portfolio in Q4 2025, for an estimated $16,403,618
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 529,367 shares (+485.7%) to their portfolio in Q4 2025, for an estimated $15,351,643
NEXT CENTURY GROWTH INVESTORS LLC added 389,980 shares (+inf%) to their portfolio in Q4 2025, for an estimated $11,309,420

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Tactile Systems Technology Inc. Analyst Ratings

Wall Street analysts have issued reports on $TCMD in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 02/18/2026
Piper Sandler issued a "Overweight" rating on 02/18/2026

To track analyst ratings and price targets for Tactile Systems Technology Inc., check out Quiver Quantitative's $TCMD forecast page.

Tactile Systems Technology Inc. Price Targets

Multiple analysts have issued price targets for $TCMD recently. We have seen 3 analysts offer price targets for $TCMD in the last 6 months, with a median target of $38.0.

Here are some recent targets:

Ryan Zimmerman from BTIG set a target price of $38.0 on 02/18/2026
Adam Maeder from Piper Sandler set a target price of $42.0 on 02/18/2026
Kyle Bauser from B. Riley Securities set a target price of $32.0 on 02/18/2026