ISRG · XBRL financial data
Intuitive Surgical financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (ISRG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | †Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 4,358 | 5,710 | 6,222 | 7,124 | 8,352 | 10,065 |
| Cost of goods and services sold | 1,497 | 1,752 | 2,026 | 2,395 | 2,718 | 3,422 |
| Gross profit | 2,861 | 3,959 | 4,196 | 4,730 | 5,634 | 6,642 |
| Research and development | 595 | 671 | 879 | 999 | 1,145 | 1,312 |
| Selling, general and administrative | 1,216 | 1,467 | 1,740 | 1,964 | 2,140 | 2,385 |
| Total operating expenses | 1,811 | 2,138 | 2,619 | 2,963 | 3,285 | 3,697 |
| Operating income (loss) | 1,050 | 1,821 | 1,577 | 1,767 | 2,349 | 2,946 |
| Income tax expense (benefit) | 140 | 162 | 262 | 142 | 336 | 435 |
| Net income (loss) | 1,061 | 1,705 | 1,322 | 1,798 | 2,323 | 2,856 |
| Earnings per share, basic USD per share | 9.06 | 4.79 | 3.72 | 5.12 | 6.54 | 8.00 |
| Earnings per share, diluted USD per share | 8.82 | 4.66 | 3.65 | 5.03 | 6.42 | 7.87 |
| Weighted average shares, basic millions of shares | 117 | 356 | 356 | 351 | 355 | 357 |
| Weighted average shares, diluted millions of shares | 120 | 366 | 362 | 357 | 362 | 363 |
- † Share count changed about 3x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (ISRG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | †Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,623 | 1,291 | 1,581 | 2,750 | 2,027 | 3,368 |
| Marketable securities | 3,489 | 2,913 | 2,537 | 2,473 | 1,986 | 2,567 |
| Marketable securities, non-current | 1,758 | 4,416 | 2,624 | 2,120 | 4,819 | 3,099 |
| Accounts receivable | 646 | 783 | 942 | 1,130 | 1,225 | 1,527 |
| Inventory | 602 | 587 | 893 | 1,221 | 1,487 | 1,840 |
| Prepaid and other current assets | 268 | 271 | 300 | 314 | 385 | 477 |
| Total current assets | 6,626 | 5,845 | 6,253 | 7,888 | 7,111 | 9,780 |
| Property and equipment, net | 1,577 | 1,876 | 2,374 | 3,538 | 4,647 | 5,342 |
| Right-of-use asset | 64 | 74 | 82 | 79 | 136 | 151 |
| Goodwill | 337 | 344 | 349 | 349 | 348 | 370 |
| Total assets | 11,169 | 13,555 | 12,974 | 15,442 | 18,743 | 20,459 |
| Accounts payable | 82 | 121 | 147 | 189 | 193 | 255 |
| Total current liabilities | 965 | 1,150 | 1,422 | 1,659 | 1,745 | 2,006 |
| Lease liability, non-current | 58 | 67 | 70 | 65 | 113 | 132 |
| Total liabilities | 1,410 | 1,604 | 1,861 | 2,044 | 2,214 | 2,517 |
| Retained earnings | 3,261 | 4,761 | 3,500 | 4,743 | 6,803 | 7,012 |
| Total stockholders' equity | 9,732 | 11,901 | 11,042 | 13,308 | 16,434 | 17,824 |
| Total liabilities and equity | 11,169 | 13,555 | 12,974 | 15,442 | 18,743 | 20,459 |
| Common shares outstanding (cover page) millions of shares | 118 | 358 | 350 | 352 | 357 | 355 |
- † Share count changed about 3x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (ISRG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | †Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 1,061 | 1,705 | 1,322 | 1,798 | 2,323 | 2,856 |
| Stock-based compensation | 395 | 449 | 513 | 593 | 677 | 788 |
| Net cash from operating activities | 1,485 | 2,089 | 1,491 | 1,814 | 2,415 | 3,031 |
| Net cash from investing activities | (941) | (2,462) | 1,371 | (360) | (3,273) | 666 |
| Share repurchases | 134 | 0 | 2,607 | 416 | 0 | 2,295 |
| Net cash from financing activities | (86) | 43 | (2,572) | (288) | 151 | (2,364) |
| Net change in cash | 456 | (333) | 295 | 1,169 | (708) | 1,345 |
- † Share count changed about 3x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 3842 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3842 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Intuitive Surgical | 2,978 | 3,049 | 1,224* | 346.6M | — | 10-QSep 30, 2026 |
| Boston Scientific | 609 | 5,138 | 1,048* | 1.4B | — | 10-QSep 30, 2026 |
| Stryker | 3,271 | 6,520 | 1,461* | 380.7M | — | 10-QSep 30, 2026 |
| Medtronic | 1,691 | 9,756 | 1,793 | 1.3B | — | 10-QJul 31, 2026 |
| 3M | 4,835 | 6,584 | 486* | 516.7M | — | 10-QSep 30, 2026 |
| Becton Dickinson | 708 | 4,983 | not reported | 272.4M | — | 10-QJun 30, 2026 |
| MiniMed Group | 207 | 843 | (49) | 281.3M | 2.3 quarters | 10-QJul 31, 2026 |
| Edwards Lifesciences | 2,907 | 1,741 | 652* | 576.4M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.