INTUITIVE SURGICAL INC

ISRG 10-Q · Q2 2025

ISRG Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 2,440 2,009.9 +21.4%
Show Product Lines breakouts
Instruments and accessories 1,474.1 1,244.4 +18.5%
Instruments and accessories · Geographic Distribution Domestic 1,017.3 891.4 +14.1%
Instruments and accessories · Geographic Distribution Foreign 456.8 353 +29.4%
Product 2,048.8 1,692.6 +21.0%
Service 391.2 317.3 +23.3%
Service 391.2 317.3 +23.3%
Service · Geographic Distribution Domestic 258.1 203.5 +26.8%
Service · Geographic Distribution Foreign 133.1 113.8 +17.0%
Systems 574.7 448.2 +28.2%
Systems · Geographic Distribution Domestic 354 224.3 +57.8%
Systems · Geographic Distribution Foreign 220.7 223.9 -1.4%
Show Geographic Distribution breakouts
Geographic Distribution Domestic 1,629.4 1,319.2 +23.5%
Geographic Distribution Foreign 810.6 690.7 +17.4%
Cost of Revenue 822.1 637.2 +29.0%
Show Product Lines breakouts
Product 686.2 539.4 +27.2%
Service 135.9 97.8 +39.0%
Gross Profit 1,617.9 1,372.7 +17.9%
Research & Development 313.3 280.1 +11.9%
Selling, General & Administrative 561.2 525.3 +6.8%
Operating Expenses 874.5 805.4 +8.6%
Operating Income 743.4 567.3 +31.0%
Non-Operating Income (Expense) 88.7 87.2 +1.7%
Income Before Taxes 832.1 654.5 +27.1%
Income Tax Expense (Benefit) 167.9 123 +36.5%
Net Income 658.4 526.9 +25.0%
Show Equity Components breakouts
Parent 658.4 526.9 +25.0%
Retained Earnings 658.4 526.9 +25.0%
Comprehensive Income 688.5 512.1 +34.4%
EPS (Basic) 1.84 1.48 +24.3%
EPS (Diluted) 1.81 1.46 +24.0%
Wtd Avg Shares (Basic) 358.5 355 +1.0%
Wtd Avg Shares (Diluted) 364.1 361 +0.9%
Net Income Loss Attributable To Noncontrolling Interest 5.8 4.6 +26.1%
Show Equity Components breakouts
Noncontrolling Interest 5.8 4.6 +26.1%
Show Related Party Transactions By Related Party breakouts
Corporate Joint Venture 5.8 4.6 +26.1%
Foreign Currency Transaction Gain Loss Before Tax 18.8 -13.2 +242.4%
Operating Lease Lease Income 213.8 156.9 +36.3%
Show Deferred Revenue Arrangement Type breakouts
Variable Lease Revenue, Usage-Based Arrangements 130 80.1 +62.3%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 3,403.1
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 2,875.1
Fair Value Inputs Level1 · Money Market Funds 2,590.8
Fair Value Inputs Level1 · US Treasury Securities 284.3
Show Financial Instrument breakouts
Cash 528
Marketable Securities (Current) 1,923.4 1,720.5 +11.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 1,736.7 995.1 +74.5%
Fair Value Inputs Level1 · US Treasury Securities 1,736.7 995.1 +74.5%
Fair Value Inputs Level2 186.7 725.4 -74.3%
Fair Value Inputs Level2 · Corporate Debt Securities 97.5 472.3 -79.4%
Fair Value Inputs Level2 · Municipal Notes 1.4 59 -97.6%
Fair Value Inputs Level2 · US Government Agencies Debt Securities 87.8 194.1 -54.8%
Accounts Receivable 1,269.2 1,109.1 +14.4%
Inventory 1,667 1,383.9 +20.5%
Prepaid Expenses & Other Current Assets 483.2 404.1 +19.6%
Total Current Assets 8,745.9 7,654.3 +14.3%
Non-Current Assets
Property, Plant & Equipment 4,985.3 4,116.8 +21.1%
Marketable Securities (Non-Current) 4,206 2,925.9 +43.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 3,784 2,505.7 +51.0%
Fair Value Inputs Level1 · US Treasury Securities 3,784 2,505.7 +51.0%
Fair Value Inputs Level2 422 420.2 +0.4%
Fair Value Inputs Level2 · Corporate Debt Securities 25.3 141.8 -82.2%
Fair Value Inputs Level2 · US Government Agencies Debt Securities 396.7 277.1 +43.2%
Deferred Tax Assets 1,070.3 946.9 +13.0%
Goodwill 348.7 348 +0.2%
Total Assets 20,163.2 16,649.9 +21.1%
Intangible Assets 17.9 28.7 -37.6%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 3.2 7.1 -54.9%
Technology Based Intangible Assets 14.7 21 -30.0%
Other Assets
Intangible And Other Assets 807 658 +22.6%
Current Liabilities
Accounts Payable 266.8 194.4 +37.2%
Employee Related Liabilities Current 420.8 321.3 +31.0%
Deferred Revenue 499.9 433.9 +15.2%
Other Liabilities Current 505.1 537.9 -6.1%
Total Current Liabilities 1,692.6 1,487.5 +13.8%
Non-Current Liabilities
Liabilities Other Than Longterm Debt Noncurrent 517.5 365.9 +41.4%
Total Liabilities 2,210.1 1,853.4 +19.2%
Accrued Income Taxes Noncurrent 249.9 195.4 +27.9%
Stockholders' Equity
Common Stock 0.4 0.4 0.0%
Additional Paid In Capital Common Stock 10,236.8 9,149.7 +11.9%
Retained Earnings 7,605.5 5,581.7 +36.3%
Accumulated Other Comprehensive Income 3 -23.5 +112.8%
Total Stockholders' Equity 17,845.7 14,708.3 +21.3%
Minority Interest 107.4 88.2 +21.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 17,953.1 14,796.5 +21.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -14.3 0.5 -2960.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent -14.7 7.9 -286.1%
Accumulated Net Unrealized Investment Gain Loss 21.9 -28.4 +177.1%
Accumulated Other Comprehensive Income 3 -23.5 +112.8%
Accumulated Translation Adjustment 10.1 -3.5 +388.6%
Additional Paid In Capital 10,236.8 9,149.7 +11.9%
Common Stock 0.4 0.4 0.0%
Noncontrolling Interest 107.4 88.2 +21.8%
Parent 17,845.7 14,708.3 +21.3%
Retained Earnings 7,605.5 5,581.7 +36.3%
Total Liabilities & Equity 20,163.2 16,649.9 +21.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Net Income 1,367.9 1,078.9 +26.8%
Depreciationand Gain Losson Dispositionof Property Plant Equipment 289.6 211 +37.3%
Amortization Of Intangible Assets 6.6 10.1 -34.7%
Accretion Amortization Of Discounts And Premiums Investments -27.4 -25.9 -5.8%
Increase Decrease In Deferred Income Taxes -29.4 -39.8 +26.1%
Stock-Based Compensation 381.4 326.9 +16.7%
Capitalized Contract Cost Amortization 17.8 17.6 +1.1%
Change in Accounts Receivable -44.1 21 -310.0%
Change in Inventory -494.2 -389.4 -26.9%
Change in Prepaid & Other Assets -141.8 -111.7 -26.9%
Change in Accounts Payable 72.4 -1.6 +4625.0%
Increase Decrease In Employee Related Liabilities -114.9 -115.1 +0.2%
Increase Decrease In Deferred Revenue 48.8 -14.3 +441.3%
Increase Decrease In Other Operating Liabilities -35.7 -81.8 +56.4%
Net Cash from Operations 1,297 885.9 +46.4%
Investing Activities
Payments To Acquire Marketable Securities -691.8 -1,789.4 +61.3%
Proceeds From Sale Of Available For Sale Securities Debt 249.1 100.2 +148.6%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 1,190 1,644.9 -27.7%
Payments To Acquire Productive Assets -271.9 -551.3 +50.7%
Payments To Acquire Businesses Net Of Cash Acquired 1.2
Net Cash from Investing 474.2 -595.6 +179.6%
Financing Activities
Proceeds From Stock Plans 183.7 251.9 -27.1%
Tax Withholding for Share Compensation -386.3 -240.1 -60.9%
Share Repurchases -181
Net Cash from Financing -383.6 3.3 -11724.2%
Supplemental
Unpaid Capital Expenditures 74.8 184.2 -59.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -3.5 3.1 -212.9%
Net Change in Cash 1,384.1 296.7 +366.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3,446.5 3,066.8 +12.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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