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TELA logoTELA Bio, Inc.(TELA)Earnings, Financials & Key Ratios

TELA•NASDAQ
$0.99
$40M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryMedical DevicesSub-IndustrySurgical tools, endoscopy, and robotics
AboutTELA Bio, Inc., a commercial-stage medical technology company, focuses on providing soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation and restoration of the patient's anatomy. It provides a portfolio of OviTex Reinforced Tissue Matrix (OviTex) products for hernia repair and abdominal wall reconstruction; and OviTex PRS Reinforced Tissue Matrix products to address the unmet needs in plastic and reconstructive surgery, as well as OviTex for Laparoscopic and Robotic Procedures, a sterile reinforced tissue matrix derived from ovine rumen with polypropylene fiber intended to be used in laparoscopic and robotic-assisted hernia surgical repairs. The company markets its products through a single direct sales force, principally in the United States. TELA Bio, Inc. was incorporated in 2012 and is headquartered in Malvern, Pennsylvania.Show more
  • Revenue$69M+18.6%
  • EBITDA-$33M+23.5%
  • Net Income-$38M+18.9%
  • EPS (Diluted)-1.33+34.8%
  • Gross Margin67.08%-2.2%
  • EBITDA Margin-47.77%+35.5%
  • Operating Margin-49.23%+34.7%
  • Net Margin-54.6%+31.6%
  • ROE-159.87%+43.2%
  • ROIC-151.56%+34.3%
  • Debt/Equity1.51-33.2%
  • Interest Coverage-6.45+23.6%
Technical→

TELA Key Insights

TELA Bio, Inc. (TELA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 35.0%
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 24.7% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TELA Price & Volume

TELA Bio, Inc. (TELA) stock price & volume — 10-year historical chart

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TELA Growth Metrics

TELA Bio, Inc. (TELA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years35.02%
3 Years32.99%
TTM12.24%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM6.08%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM47.34%

Return on Capital

10 Years-80.07%
5 Years-56.03%
3 Years-66.55%
Last Year-51.37%

TELA Peer Comparison

TELA Bio, Inc. (TELA) competitors in Surgical tools, endoscopy, and robotics — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
XTNT logoXTNTXtant Medical Holdings, Inc.Direct Competitor80.8M0.58-4.8128.44%1.32%3.77%0.82
ATRC logoATRCAtriCure, Inc.Direct Competitor1.42B28.01-116.7114.88%-0.83%-0.95%0.18
NVCR logoNVCRNovoCure LimitedDirect Competitor1.88B16.50-13.528.28%-25.66%-50.82%0.85
OSUR logoOSUROraSure Technologies, Inc.Direct Competitor215.9M3.00-3.19-38.1%-61.93%-19.46%0.04
MMSI logoMMSIMerit Medical Systems, Inc.Product Competitor3.68B61.6328.9311.66%9.03%8.95%0.57
ANIK logoANIKAnika Therapeutics, Inc.Product Competitor202.62M15.12-19.89-5.91%-9.52%-7.74%0.17
AHCO logoAHCOAdaptHealth Corp.Product Competitor1.55B11.41-21.93-0.49%-2.78%-5.09%1.25
ANGO logoANGOAngioDynamics, Inc.Product Competitor459.4M11.05-13.31-3.76%-9.02%-15.71%

Compare TELA vs Peers

TELA Bio, Inc. (TELA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs XTNT

Most directly comparable listed peer for TELA.

Scale Benchmark

vs ISRG

Larger-name benchmark to compare TELA against a more recognizable public peer.

Peer Set

Compare Top 5

vs XTNT, ATRC, NVCR, OSUR

TELA Income Statement

TELA Bio, Inc. (TELA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue4.25M8.27M15.45M18.21M29.46M41.42M58.45M69.3M77.06M
Revenue Growth %-94.91%86.68%17.91%61.77%40.58%41.13%18.56%12.24%
Cost of Goods Sold1.71M5.33M6.17M6.98M10.65M14.37M18.34M22.81M25.25M
COGS % of Revenue40.35%64.44%39.97%38.32%36.15%34.7%31.38%32.92%-
Gross Profit
2.53M▲ 0%
2.94M▲ 16.2%
9.27M▲ 215.2%
11.23M▲ 21.2%
18.81M▲ 67.5%
27.04M▲ 43.8%
40.11M▲ 48.3%
46.49M▲ 15.9%
51.81M▲ 0%
Gross Margin %59.65%35.56%60.03%61.68%63.85%65.3%68.62%67.08%67.23%
Gross Profit Growth %-16.19%215.16%21.16%67.46%43.75%48.32%15.9%-
Operating Expenses19.46M22.88M28.43M36.51M48.26M66.05M84.19M80.6M87.27M
OpEx % of Revenue458.33%276.58%184.09%200.46%163.81%159.47%144.03%116.31%-
Selling, General & Admin13.67M18.55M24.28M32.25M41.52M57.11M74.57M79.37M78.15M
SG&A % of Revenue322.03%224.14%157.21%177.09%140.93%137.9%127.57%114.53%-
Research & Development5.79M4.34M4.15M4.25M6.74M8.94M9.62M8.81M9.12M
R&D % of Revenue136.3%52.44%26.87%23.36%22.89%21.58%16.46%12.72%-
Other Operating Expenses94K70K00000-7.58M0
Operating Income
-16.92M▲ 0%
-17.78M▼ 5.1%
-19.16M▼ 7.8%
-25.27M▼ 31.9%
-29.45M▼ 16.5%
-39.01M▼ 32.4%
-44.08M▼ 13.0%
-34.12M▲ 22.6%
-35.46M▲ 0%
Operating Margin %-398.68%-214.91%-124.06%-138.77%-99.96%-94.18%-75.4%-49.23%-46.02%
Operating Income Growth %--5.07%-7.76%-31.9%-16.52%-32.45%-12.99%22.6%-
EBITDA-16.16M-16.53M-18.58M-24.75M-28.92M-37.82M-43.27M-33.1M-34.41M
EBITDA Margin %-380.75%-199.83%-120.29%-135.89%-98.14%-91.31%-74.02%-47.77%-44.66%
EBITDA Growth %--2.3%-12.37%-33.21%-16.83%-30.79%-14.4%23.49%7.33%
D&A (Non-Cash Add-back)761K1.25M582K525K535K1.19M808K1.01M1.05M
EBIT-16.78M-19.29M-18.82M-25.23M-29.68M-40.24M-41.44M-32.7M-34.17M
Net Interest Income-4.56M-1.8M-3.61M-3.56M-3.6M-4.05M-5.22M-5.29M-4.89M
Interest Income000000000
Interest Expense4.56M1.8M3.61M3.56M3.6M4.05M5.22M5.29M4.89M
Other Income/Expense-4.41M-3.31M-3.26M-3.52M-3.83M-5.29M-2.59M-3.87M-3.6M
Pretax Income
-21.33M▲ 0%
-21.09M▲ 1.1%
-22.43M▼ 6.3%
-28.79M▼ 28.4%
-33.28M▼ 15.6%
-44.3M▼ 33.1%
-46.66M▼ 5.3%
-37.98M▲ 18.6%
-39.06M▲ 0%
Pretax Margin %-502.57%-254.92%-145.18%-158.1%-112.94%-106.95%-79.83%-54.81%-50.69%
Income Tax0000000-144K-59K
Effective Tax Rate %0%0%0%0%0%0%0%0.38%0.15%
Net Income
-21.33M▲ 0%
-21.09M▲ 1.1%
-22.43M▼ 6.3%
-28.79M▼ 28.4%
-33.28M▼ 15.6%
-44.3M▼ 33.1%
-46.66M▼ 5.3%
-37.84M▲ 18.9%
-39M▲ 0%
Net Margin %-502.57%-254.92%-145.18%-158.1%-112.94%-106.95%-79.83%-54.6%-50.61%
Net Income Growth %-1.13%-6.32%-28.4%-15.57%-33.12%-5.35%18.91%6.08%
Net Income (Continuing)-21.33M-21.09M-22.43M-28.79M-33.28M-44.3M-46.66M-37.84M-39M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-3.29▲ 0%
-3.25▲ 1.2%
-2.26▲ 30.5%
-2.23▲ 1.3%
-2.30▼ 3.1%
-2.73▼ 18.7%
-2.04▲ 25.3%
-1.33▲ 34.8%
-0.86▲ 0%
EPS Growth %-1.22%30.46%1.33%-3.14%-18.7%25.27%34.8%47.34%
EPS (Basic)-3.29-3.25-2.26-2.23-2.30-2.73-2.04-1.33-
Diluted Shares Outstanding6.49M6.49M11.41M12.93M14.47M16.27M22.87M28.53M45.42M
Basic Shares Outstanding6.49M6.49M11.41M12.93M14.47M16.27M22.87M28.53M45.42M
Dividend Payout Ratio---------

TELA Balance Sheet

TELA Bio, Inc. (TELA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets14.35M23.25M64.33M83.22M59.05M62.45M71.73M78.07M56.05M
Cash & Short-Term Investments11.35M17.28M54.59M74.39M43.93M42.02M46.73M52.67M29.71M
Cash Only11.35M17.28M45.3M74.39M43.93M42.02M46.73M52.67M29.71M
Short-Term Investments009.29M000000
Accounts Receivable757K1.3M2.84M2.68M4.23M6.62M9.74M10.1M13.17M
Days Sales Outstanding65.0957.2667.0253.7752.4558.3560.853.1956.21
Inventory1.81M4.35M4.6M3.91M7.66M11.79M13.16M12.78M11.56M
Days Inventory Outstanding386.73297.64272.12204.34262.46299.44261.93204.5177.97
Other Current Assets000002.02M2.1M2.52M1.6M
Total Non-Current Assets1.19M3.97M3.59M3.23M3.49M5.41M6.32M9.25M5.54M
Property, Plant & Equipment1.16M758K677K626K1.19M2.91M3.94M4.08M3.77M
Fixed Asset Turnover3.66x10.92x22.82x29.09x24.84x14.24x14.84x16.99x19.87x
Goodwill000000000
Intangible Assets03.21M2.91M2.61M2.3M2.5M2.12M1.74M1.45M
Long-Term Investments24K00000265K2.54M6.08M
Other Non-Current Assets000000000
Total Assets
15.53M▲ 0%
27.23M▲ 75.3%
67.92M▲ 149.5%
86.46M▲ 27.3%
62.54M▼ 27.7%
67.86M▲ 8.5%
78.05M▲ 15.0%
87.33M▲ 11.9%
61.59M▲ 0%
Asset Turnover0.27x0.30x0.23x0.21x0.47x0.61x0.75x0.79x1.05x
Asset Growth %-75.3%149.47%27.29%-27.66%8.49%15.02%11.89%47.77%
Total Current Liabilities6.15M9.56M6.71M6.61M10.57M12.4M16.97M15.6M16.98M
Accounts Payable1.51M3.42M3.17M652K2.41M1.53M1.67M2.15M2.37M
Days Payables Outstanding321.11234.18187.4734.182.7338.9533.1734.3537.09
Short-Term Debt905K0000340K565K545K521K
Deferred Revenue (Current)1.59M00000000
Other Current Liabilities1.94M985K1.19M2.24M3.15M4.11M5.52M5.56M7.32M
Current Ratio2.33x2.43x9.58x12.60x5.58x5.03x4.23x5.01x5.01x
Quick Ratio2.04x1.98x8.90x12.01x4.86x4.08x3.45x4.19x4.19x
Cash Conversion Cycle130.72120.72151.67224232.18318.83289.56223.33197.09
Total Non-Current Liabilities117.56M155.53M30.25M30.83M31.87M41.15M42.2M43.27M43.05M
Long-Term Debt3.61M29.73M30.24M30.83M31.49M39.92M40.52M41.12M41.49M
Capital Lease Obligations000001.2M1.69M1.39M1.39M
Deferred Tax Liabilities0000000756K756K
Other Non-Current Liabilities113.94M125.8M4K0380K31K004.12M
Total Liabilities123.7M165.09M36.96M37.43M42.45M53.55M59.17M58.87M60.03M
Total Debt4.51M29.73M30.24M30.83M31.49M41.46M42.77M43.06M42.02M
Net Debt-6.83M12.46M-15.06M-43.57M-12.44M-563K-3.96M-9.61M12.3M
Debt / Equity--0.98x0.63x1.57x2.90x2.26x1.51x1.51x
Debt / EBITDA---------1.22x
Net Debt / EBITDA---------0.36x
Interest Coverage-3.71x-9.87x-5.31x-7.09x-8.19x-9.63x-8.44x-6.45x-6.99x
Total Equity
-108.17M▲ 0%
-137.86M▼ 27.4%
30.96M▲ 122.5%
49.03M▲ 58.3%
20.1M▼ 59.0%
14.3M▼ 28.8%
18.88M▲ 32.0%
28.46M▲ 50.7%
1.56M▲ 0%
Equity Growth %--27.45%122.46%58.34%-59.01%-28.82%31.99%50.72%421.54%
Book Value per Share-16.67-21.252.713.791.390.880.831.000.03
Total Shareholders' Equity-108.17M-137.86M30.96M49.03M20.1M14.3M18.88M28.46M1.56M
Common Stock7K011K14K15K19K24K39K40K
Retained Earnings-108.17M-137.86M-167.86M-196.65M-229.93M-274.23M-320.89M-358.73M-388.52M
Treasury Stock000000000
Accumulated OCI-2.79M-3.24M-19K-71K-52K150K91K90K91K
Minority Interest000000000

TELA Cash Flow Statement

TELA Bio, Inc. (TELA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-16.37M-19.92M-25.52M-24.46M-30.43M-40.75M-40.86M-41.59M-41.59M
Operating CF Margin %-385.58%-240.8%-165.24%-134.28%-103.29%-98.38%-69.9%-60.02%-
Operating CF Growth %--21.73%-28.1%4.18%-24.44%-33.9%-0.27%-1.81%126.68%
Net Income-21.33M-21.09M-22.43M-28.79M-33.28M-44.3M-46.66M-37.84M-39M
Depreciation & Amortization761K1.25M582K525K535K1.19M808K1.01M1.05M
Stock-Based Compensation197K216K457K2.06M3.66M3.99M5.03M4.36M3.12M
Deferred Taxes-40K1.22M5K014K00-144K85K
Other Non-Cash Items3.97M2.94M2.09M1.84M2.1M4.13M1.64M-4.12M4.44M
Working Capital Changes75K-4.46M-6.24M-86K-3.47M-5.76M-1.67M-4.87M-574K
Change in Receivables-578K-541K-1.53M149K-1.55M-2.42M-3.06M-762K-59K
Change in Inventory-127K-4.76M-1.84M-620K-5.19M-6.07M-2.72M-2.97M-844K
Change in Payables-748K1.91M-773K-2M1.6M-884K11K482K50K
Cash from Investing-101K-1.56M-11.98M9.12M-627K-1.87M-599K4.45M464K
Capital Expenditures-114K-1.56M-2.7M-167K-627K-872K-611K0-621K
CapEx % of Revenue2.69%18.88%17.46%0.92%2.13%2.11%1.05%1.43%-
Acquisitions13K4K000000523K
Investments---------
Other Investing13K4K000-1M12K4.45M562K
Cash from Financing26.34M27.41M65.53M44.41M585K40.85M46.27M43.06M42.81M
Debt Issued (Net)12.2M25M00010M000
Equity Issued (Net)03.98M65.52M44.72M585K34.4M46.34M42.92M43.02M
Dividends Paid000000000
Share Repurchases00000000-14K
Other Financing14.14M-1.56M14K-313K0-3.55M-74K138K-209K
Net Change in Cash
9.87M▲ 0%
5.93M▼ 39.9%
28.02M▲ 372.4%
29.09M▲ 3.8%
-30.46M▼ 204.7%
-1.91M▲ 93.7%
4.97M▲ 360.2%
5.94M▲ 19.4%
12.41M▲ 0%
Free Cash Flow
-16.48M▲ 0%
-21.49M▼ 30.4%
-28.22M▼ 31.3%
-24.62M▲ 12.7%
-31.06M▼ 26.1%
-42.62M▼ 37.2%
-41.47M▲ 2.7%
-42.58M▼ 2.7%
-31.5M▲ 0%
FCF Margin %-388.27%-259.68%-182.7%-135.19%-105.42%-102.9%-70.94%-61.45%-40.88%
FCF Growth %--30.36%-31.34%12.75%-26.14%-37.22%2.7%-2.69%31.59%
FCF per Share-2.54-3.31-2.47-1.90-2.15-2.62-1.81-1.49-1.49
FCF Conversion (FCF/Net Income)0.77x0.94x1.14x0.85x0.91x0.92x0.88x1.10x0.81x
Interest Paid0002.98M03.39M4.62M01.89M
Taxes Paid000000000

TELA Key Ratios

TELA Bio, Inc. (TELA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2018201920202021202220232024TTM
Return on Equity (ROE)--72.43%-72%-96.28%-257.51%-281.23%-159.87%-272.13%
Return on Invested Capital (ROIC)---177.48%-336.79%-273.41%-230.69%-151.56%-151.56%
Gross Margin35.56%60.03%61.68%63.85%65.3%68.62%67.08%67.23%
Net Margin-254.92%-145.18%-158.1%-112.94%-106.95%-79.83%-54.6%-50.61%
Debt / Equity-0.98x0.63x1.57x2.90x2.26x1.51x1.51x
Interest Coverage-9.87x-5.31x-7.09x-8.19x-9.63x-8.44x-6.45x-6.99x
FCF Conversion0.94x1.14x0.85x0.91x0.92x0.88x1.10x0.81x
Revenue Growth94.91%86.68%17.91%61.77%40.58%41.13%18.56%12.24%

TELA Frequently Asked Questions

TELA Bio, Inc. (TELA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

TELA Bio, Inc. (TELA) reported $77.1M in revenue for fiscal year 2024. This represents a 1715% increase from $4.2M in 2017.

TELA Bio, Inc. (TELA) grew revenue by 18.6% over the past year. This is strong growth.

TELA Bio, Inc. (TELA) reported a net loss of $39.0M for fiscal year 2024.

Dividend & Returns

TELA Bio, Inc. (TELA) has a return on equity (ROE) of -159.9%. Negative ROE indicates the company is unprofitable.

TELA Bio, Inc. (TELA) had negative free cash flow of $31.5M in fiscal year 2024, likely due to heavy capital investments.

Explore More TELA

TELA Bio, Inc. (TELA) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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