TELA Bio, Inc. · Surgical & Medical Instruments & Apparatus

TELA

High riskNext report: Around Nov 12 (est.)

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The short version

A company still losing money with steady sales, with high risk. Institutions are adding.

Going well

Sales up 16% last year

Watch out for

About 22 months of cash left at its current burn
Share count growing 42.4% a year (dilution)
Losing money, losses are large next to sales

Money moves

No insider buying or selling in the last 30 days
Institutions added 18% to their holdings in the quarter ending June 2026 (22 bought, 11 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$1.01+2.0% that day

Company value: $45M; Share price times all shares
Price vs sales: 0.57x; No profit over the last year, so this compares value with sales instead
Cash vs value: 67%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 91%; Debt as a share of company value

From TELA'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

$19.3M-4.5% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $79.9M, up 6.1% from the 12 months before. Over 5 years, sales grew about 35% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of TELA. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+6% a yearRecently: +6.1% a yearProfit margin10%Last 12 months: -51.5%P/E at the end15xMany steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$107M

Profit in 5 years$11M

Price these guesses point to$2.22+120% vs $1.01 todayAbout +17% a year, before dividends

What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 9.4% 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.

1/6Weak

MissDebt under half of equityNot relying on borrowed money.6.56x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-48.3%
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$28.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+188.6% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.67.7%

Revenue: $80.3M; +15.8% vs prior year
5-year growth: +34.5%/yr; revenue, per year
Total debt: $41.4M; 6.56x equity
Current ratio: 4.20x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.