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Stock research / United States / TDOC · Services-Offices & Clinics Of Doctors Of Medicine · NYSE

Teladoc Health, Inc. (TDOC)

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Teladoc Health, Inc. (TDOC) reported revenue of $605 million for Q3 FY2026, the quarter ended 30 September 2026, down 3.4% on the same quarter a year earlier. Net income was -$27 million, and diluted earnings per share $-0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 29 October 2026.

Revenue$605 milliondown 3.4%
Net income-$27 million
Diluted EPS$-0.15
QuarterQ3 FY2026ended 30 September 2026

Teladoc Health (TDOC) in brief

Teladoc Health (TDOC) reported revenue of $2.5 billion for fiscal 2025, the year ended 31 December 2025, down 1.5% on the year before.
Read moreNet loss was $200 million and the diluted loss per share $1.14. Revenue was $2.6 billion in fiscal 2024, $2.6 billion in fiscal 2023, $2.4 billion in fiscal 2022 and $2.0 billion in fiscal 2021. Net income in the same years was a loss of $1.0 billion, a loss of $220 million, a loss of $13.7 billion and a loss of $429 million. Over the twelve months to 30 September 2026, Teladoc Health reported revenue of $2.5 billion and net loss of $155 million. Revenue grew 18.3% a year, compounded, over the five years to fiscal 2025. Teladoc Health had 182 million shares outstanding at the latest filed count. At 30 September 2026 it carried $998 million of debt and $850 million of cash. At the close of 29 October 2026 the market cap of Teladoc Health was $1.6 billion.

Ratios

From the filings

ROE-12.0%
ROCE-7.1%
Operating margin-6.6%
Net margin-6.3%
FCF margin10.6%
Interest cover-8.00
Debt to equity0.77
Cash conversionn/a
Share count, last 12 months2.8%
Sales CAGR, 3 years1.7%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.86

At the close of 29 October 2026

Price$8.73
Market cap$1.6 billion
Stock P/En/a
Price to book1.23
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.64
52-week high$9.72
52-week low$4.47
Price, 1 year6.1%
Price CAGR, 3 years-18.5%
Price CAGR, 5 years-43.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Teladoc Health, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
TDOCgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TDOC

Dividendsno dividend in its filings for fiscal 2013 onward
Filings25 in twelve months: 14 current reports (8-K), about 9 officer or director change; 4 results of operations; 4 regulation FD disclosure; 1 shareholder vote
Planned insider sales30 Form 144 notices in twelve months, $2.4 million; latest 11 September 2026
Options tapeput/call 0.52 by open interest at the 29 October 2026 close; the straddle prices a 8.8% move to 6 November 2026
13F holders348 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading37 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest32.1 million shares short, 8.21 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue554565592611638629652660661646642641640629632626642614607605
Cost of revenue175187182186189190191186193195188180189197191187197198191190
Gross profit379378410426449439462474467452454461452433441439445416416415
Gross margin68%67%69%70%70%70%71%72%71%70%71%72%71%69%70%70%69%68%69%69%
R&D72.987.478.784.677.687.087.384.389.981.476.872.476.870.068.867.671.667.962.965.5
Operating income-41.4-6,669-3,097-71.7-3,816-77.1-71.6-64.7-35.1-87.1-841-44.4-48.2-121-54.4-52.0-36.0-61.8-37.1-28.1
Operating margin-7%-1180%-523%-12%-598%-12%-11%-10%-5%-13%-131%-7%-8%-19%-9%-8%-6%-10%-6%-5%
Interest expensen/an/a5.66.1n/a5.35.85.65.55.65.65.76.85.84.54.55.05.45.14.9
Pre-tax income-60.7-6,674-3,103-74.6-3,812-68.5-66.1-59.6-25.4-79.2-834-32.5-48.2-111-40.4-50.2-33.6-60.8-37.9-26.3
Net income-11.0-6,675-3,101-73.5-3,810-69.2-65.2-57.1-28.9-81.9-838-33.3-48.4-93.0-32.7-49.5-25.1-63.8-38.9-26.9
Net margin-2%-1181%-524%-12%-597%-11%-10%-9%-4%-13%-130%-5%-8%-15%-5%-8%-4%-10%-6%-4%
Diluted EPS-$0.03-$41.58-$19.22-$0.45-$23.49-$0.42-$0.40-$0.35-$0.17-$0.49-$4.92-$0.19-$0.28-$0.53-$0.19-$0.28-$0.14-$0.36-$0.21-$0.15
Operating cash flow83.2-31.792.563.065.513.21011061308.988.711085.915.991.499.387.79.564.7106
Capital expenditure2.93.92.53.86.22.41.95.81.41.11.91.66.12.71.32.32.61.70.91.2
Free cash flow80.3-35.789.959.259.410.899.399.81297.886.810979.813.290.297.085.17.963.7105
Shares outstanding160m161m162m162m163m164m165m166m167m169m171m172m173m175m177m177m178m180m182m182m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 13 fiscal years and the trailing twelve months

FY2013FY2014 †FY2015FY2016FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue19.943.577.41232334185531,0942,0332,4072,6022,5702,5302,468
Cost of revenue4.29.921.032.061.6129184391650744760751772776
Gross profit15.733.656.391.21722893697031,3821,6631,8421,8181,7581,692
Gross margin79.0%77.2%72.8%74.0%73.6%69.2%66.7%64.3%68.0%69.1%70.8%70.8%69.5%68.6%
Research and development3.57.614.221.834.554.464.6165312334349307278268
Operating income-5.9-15.2-55.8-62.7-75.4-70.9-80.4-506-266-13,653-249-1,021-263-163
Operating margin-29.5%-34.8%-72.1%-50.9%-32.3%-17.0%-14.5%-46.3%-13.1%-567.3%-9.6%-39.7%-10.4%-6.6%
Interest expensen/an/an/an/an/an/an/an/a81.121.922.323.819.720.4
Pre-tax income-5.9-16.6-58.0-73.7-107-97.0-109-576-385-13,663-220-994-236-159
Income tax0.10.40.00.5-0.20.1-10.6-90.944.1-3.80.87.6-35.2-3.8
Net income-6.0-17.0-58.0-74.2-107-97.1-98.9-485-429-13,660-220-1,001-200-155
Net margin-30.2%-39.1%-75.0%-60.3%-45.8%-23.2%-17.9%-44.3%-21.1%-567.5%-8.5%-39.0%-7.9%-6.3%
Diluted EPS-$8.05-$10.25-$2.91-$1.75-$1.93-$1.47-$1.38-$5.36-$2.73-$84.60-$1.34-$5.87-$1.14-$0.86
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Integrated Care1,4691,5291,58062.4%
BetterHelp1,1341,04195037.6%
Integrated CareBetterHelp
2,602FY20232,570FY20242,530FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Access Fees2,2832,2152,09282.7%
Other32035443817.3%
Access FeesOther
2,602FY20232,570FY20242,530FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States2,2382,1602,07281.9%
Non-US36541045818.1%
United StatesNon-US
2,602FY20232,570FY20242,530FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2013FY2014 †FY2015FY2016FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-6.1-11.4-47.2-51.9-34.4-4.929.9-53.5194189350294294268
Capital expenditure0.21.16.32.12.64.03.54.08.516.511.510.88.96.4
Free cash flow-6.3-12.4-53.5-54.0-37.1-8.926.4-57.5185173339283285262
Free cash flow margin-31.4%-28.6%-69.1%-43.8%-15.9%-2.1%4.8%-5.3%9.1%7.2%13.0%11.0%11.3%10.6%
Cash from investingn/an/a-10826.1-448-25725.0-591-73.0-168-156-124-266-143
Cash from financingn/an/a16420.747564635.185940.96.510.98.3-552-0.1
Depreciation and amortisation0.82.34.98.319.135.639.069.5204256n/an/an/an/a
Share-based compensation0.30.53.17.730.643.866.747630321820214680.451.4
Buybacks0.10.4n/an/an/an/an/an/an/an/an/an/an/an/a
Diluted shares, weightedn/an/an/an/an/an/a72m91m157m161m165m171m176m182m
Shares outstanding at period endn/a2m39m46m62m71m73m150m160m163m167m173m178m182m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2013FY2014 †FY2015FY2016FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-55.5-67.51792315591,0131,01415,88416,0462,3082,3261,4911,3861,295
Debtn/a25.926.544.42074154401,4221,2261,5351,5391,542995998
Operating lease liabilitiesn/an/an/an/an/a0.025.043.141.838.042.832.134.228.1
Other liabilitiesn/a13424.728.458.1101123406421464485451443455
Total liabilities and equityn/a92.02303048241,5291,60317,75517,7354,3454,3923,5172,8582,775
Owned
Fixed assetsn/a1.16.37.59.010.110.328.627.229.632.029.527.024.4
Goodwill14.828.556.318849973774614,58114,5041,0731,073283283283
Intangible assetsn/a7.515.324.91602472252,0211,9101,8371,6781,4311,2971,117
Investmentsn/an/a82.315.879.554.52.753.22.50.0n/an/an/an/a
Cash and equivalents3.246.455.150.042.84245147338939181,1241,298781850
Receivablesn/a6.812.113.827.143.656.9169169211217214193231
Inventoryn/an/an/an/an/an/a0.056.573.156.329.538.138.230.7
Other assetsn/a1.72.43.57.712.047.0112155221239222239239
Total assetsn/a92.02303048241,5291,60317,75517,7354,3454,3923,5172,8582,775
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded41.7%18.3%1.7%-2.4%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-75.9%-137.1%-30.4%-14.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Teladoc Health's revenue in fiscal 2025?

Teladoc Health (TDOC) reported revenue of $2.5 billion for fiscal 2025, the year ended 31 December 2025, down 1.5% on the year before.

How much did Teladoc Health earn in fiscal 2025?

Net loss was $200 million for fiscal 2025, and the diluted loss per share $1.14.

What is Teladoc Health's market cap?

The market cap of Teladoc Health was $1.6 billion at the close of 29 October 2026.

How much debt does Teladoc Health have?

At 30 September 2026 Teladoc Health carried $998 million of debt and $850 million of cash.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Hims & Hers Health, Inc. HIMS$6.9 billionn/a-43.8%-6.0%28.0%4.21n/a
Ardent Health, Inc. ARDT$1.7 billion22.345.8%3.2%3.3%0.82n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Healthcare Services Group Inc. HCSG$1.7 billion16.5719.7%n/a4.0%0.00n/a
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
Teladoc Health, Inc. TDOC$1.6 billionn/a-12.0%-6.6%-2.4%0.77n/a
Pennant Group, Inc. PNTG$1.5 billion47.188.0%5.6%37.9%0.49n/a
agilon health, Inc. AGL$1.4 billion26.42-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion97.757.2%9.4%11.3%0.492.1%
InnovAge Holding Corp. INNV$1.3 billionn/a-1.1%0.3%15.9%0.21n/a
Starling Oncology, Inc. STLN$667 millionn/an/a-4.4%38.4%n/an/a
SBC Medical Group Holdings Inc. SBC$583 million12.0918.6%37.3%-6.9%0.14n/a
All 49 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$100.8 billion15.84n/a12.5%5.8%n/a0.6%
Natera, Inc. NTRA$62.6 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$29.8 billion30.4511.6%10.4%6.4%0.680.8%
Quest Diagnostics Inc. DGX$27.8 billion25.2014.8%14.6%9.1%0.731.3%
Guardant Health, Inc. GH$24.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.5 billion7.8553.3%24.4%6.2%2.40n/a
Encompass Health Corp. EHC$13.0 billion21.4123.9%18.0%9.5%1.010.6%
Davita Inc. DVA$12.3 billion14.24n/a15.0%6.4%n/an/a
BrightSpring Health Services, Inc. BTSG$11.9 billionn/an/an/an/a1.07n/a
Ensign Group, Inc. ENSG$10.9 billion27.7315.6%9.0%17.5%0.080.1%
Universal Health Services Inc. UHS$10.6 billion7.1920.3%11.4%10.0%0.650.5%
Caris Life Sciences, Inc. CAI$10.2 billion100.4417.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.9 billion29.7124.2%7.4%16.6%0.22n/a
Grail, Inc. GRAL$7.1 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$7.0 billion25.9132.8%13.9%5.2%0.270.5%
Hims & Hers Health, Inc. HIMS$6.9 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.8224.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.3 billion26.6041.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.2 billion104.853.4%4.9%20.4%0.19n/a
Option Care Health, Inc. OPCH$4.8 billion23.9416.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$4.2 billion37.008.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.8 billion29.9227.5%23.4%38.9%0.00n/a
National Healthcare Corp. NHC$3.3 billion23.7712.5%9.3%6.9%0.001.2%
Surgery Partners, Inc. SGRY$3.0 billionn/a-5.3%11.4%4.0%2.25n/a
Aveanna Healthcare Holdings, Inc. AVAH$2.9 billion10.7895.6%10.5%19.5%4.52n/a
Privia Health Group, Inc. PRVA$2.8 billion104.713.6%1.9%24.1%0.00n/a
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Brookdale Senior Living Inc. BKD$2.5 billionn/an/a3.5%-4.4%n/an/a
Addus HomeCare Corp. ADUS$2.3 billion21.799.2%10.0%15.9%0.05n/a
Pediatrix Medical Group, Inc. MD$2.3 billion15.8417.7%10.9%1.9%0.68n/a
Fortrea Holdings Inc. FTRE$2.2 billionn/a-12.9%0.5%-3.4%1.98n/a
Progyny, Inc. PGNY$2.2 billion30.8817.3%8.6%5.5%0.00n/a
GeneDx Holdings Corp. WGS$2.1 billionn/a-43.5%-20.3%25.4%0.41n/a
Ardent Health, Inc. ARDT$1.7 billion22.345.8%3.2%3.3%0.82n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Healthcare Services Group Inc. HCSG$1.7 billion16.5719.7%n/a4.0%0.00n/a
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
Teladoc Health, Inc. TDOC$1.6 billionn/a-12.0%-6.6%-2.4%0.77n/a
Pennant Group, Inc. PNTG$1.5 billion47.188.0%5.6%37.9%0.49n/a
agilon health, Inc. AGL$1.4 billion26.42-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion97.757.2%9.4%11.3%0.492.1%
InnovAge Holding Corp. INNV$1.3 billionn/a-1.1%0.3%15.9%0.21n/a
Omada Health, Inc. OMDA$1.2 billion393.201.7%-0.1%n/a0.00n/a
Castle Biosciences Inc. CSTL$1.2 billionn/a-4.1%-9.0%3.2%0.020.0%
AdaptHealth Corp. AHCO$808 millionn/a-16.6%-4.5%-0.4%1.37n/a
Starling Oncology, Inc. STLN$667 millionn/an/a-4.4%38.4%n/an/a
Fulgent Genetics, Inc. FLGT$596 millionn/a-8.4%-37.7%6.8%0.00n/a
SBC Medical Group Holdings Inc. SBC$583 million12.0918.6%37.3%-6.9%0.14n/a
3 companies share its SEC industry code (Services-Offices & Clinics Of Doctors Of Medicine); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 September 202629 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR