• TransMedics average pre-tax profit margin for 2023 was -16.8%, a 78.7% decline from 2022.
• TransMedics average pre-tax profit margin for 2022 was -78.89%, a 36.09% decline from 2021.
• TransMedics average pre-tax profit margin for 2021 was -123.43%, a 2.84% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.