MERIT MEDICAL SYSTEMS INC

MMSI · XNAS

CIK 856982fmd_0AAHASVQJW1CNFQ6VR8GRC66E7Manufacturing · Surgical & Medical Instruments & ApparatusTemplate: Standard

Coverage: Jan 01, 2009 to Sep 30, 2026, 68 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	604	728	883	995	964	1,075	1,151	1,257	1,357	1,516
Cost of revenue	339	402	488	562	563	589	632	673	713	778
Gross profit	265	326	395	432	401	485	519	584	643	738
Provision for credit losses	–	–	–	–	0	(1)	0	0	1	1
Research and development	45	51	60	66	58	71	76	83	87	97
Selling, general and administrative	184	229	276	327	298	336	343	374	400	455
Total operating expenses	230	293	336	417	403	424	432	460	488	554
Operating income	35	33	59	15	(2)	61	88	124	156	185
Interest expense	9	8	10	12	10	5	6	16	31	26
Interest and investment income	0	0	1	–	–	–	–	–	–	–
Other non-operating income (expense)	(9)	3	(9)	(13)	(12)	(7)	(5)	(12)	(6)	(14)
Income before taxes	25	36	50	2	(13)	54	83	112	150	171
Income tax expense	5	8	8	(3)	(3)	5	8	18	30	42
Net income from continuing operations	20	28	42	5	(10)	48	75	94	120	128
Net income	20	28	42	5	(10)	48	75	94	120	128
Net income to common shareholders	20	28	42	–	–	–	–	–	–	–