DEXCOM INC · Surgical & Medical Instruments & Apparatus

DXCM

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The short version

A high-quality, profitable business with growing sales. Institutions are adding.

Going well

Sales up 13% in the latest quarter vs a year ago
Profitable, keeps 18% of sales as profit
Sales up 16% last year

Money moves

Insiders sold $366K in the last 30 days, all through pre-planned sales
Institutions added 6.6% to their holdings in the quarter ending June 2026 (505 bought, 440 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$78.55+0.8% that day

Company value: $29.6B; Share price times all shares
Price vs profit (P/E): 31.2x; You pay about $31 for each $1 of yearly profit
Price vs sales: 6.0x; Company value is 6.0 times a year of sales
Cash vs value: 4%; Cash as a share of company value

From DXCM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.3B+13% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $5.0B, up 16% from the 12 months before. Over 5 years, sales grew about 19% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of DXCM. Starting points are the company's recent numbers.

Sales growth+16% a yearRecently: +16% a yearProfit margin20%Last 12 months: 20.1%P/E at the end31xToday: 31.2x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$10.4B

Profit in 5 years$2.1B

Price these guesses point to$189.71+142% vs $78.55 todayAbout +19% a year, before dividends

What today's price needs: with a 20% margin and a 31x P/E, sales could shrink about 2.8% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.34.5%
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.17.9%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.1B
PassShare count not growingNot diluting owners. Falling means buybacks.-5.1% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.60.1%

Revenue: $4.7B; +15.6% vs prior year
5-year growth: +19.3%/yr; revenue, per year
Current ratio: 1.88x; short-term assets / bills due
Free cash flow: $1.1B; 23.1% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 30

Revenue: $1.3B; +13.1% YoY
EPS: $0.64; vs $0.45
Op. margin: 24.3%; +5.9 pts
Gross margin: 63.4%; +3.9 pts
Free cash flow: $184.5M
Share count: -4.4%; vs a year ago

Insider rating

Last 90 days

46Mixed

Pre-planned sales of $366K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 2.6
vs normal: 0.4x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+6.6%

Institutions added 6.6% to their holdings. 505 bought, 440 sold.

Shares held by institutions386.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-0.9%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

Total liabilities $3.8B

Shares outstandingLatest reported

377M

Earnings reports

Last 12

Next reportIn 1 days (est.)Estimated from the same quarter last year

Results filedJul 30
Results filedApr 30
Results filedFeb 12
Results filedJan 12
Results filedOct 30, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$366K2 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Michael Jon BrownEVP Chief Legal Compliance Off	Sell	2K	$85.48	$145K	98K	Oct 15Filing ↗
-1.7% of their holdings Pre-planned sale (10b5-1) Filed 4 days after
Sadie SternEVP Chief People & Culture Off	Sell	3K	$86.15	$221K	123K	Sep 28Filing ↗
-2% of their holdings Pre-planned sale (10b5-1) Filed 2 days after