Tandem Diabetes Care, Inc. Q4 2025 Earnings Call Summary

Surpassed $1 billion in annual sales in 2025, driven by record fourth-quarter pump shipments and double-digit growth in both U.S. and international markets. Management is fundamentally reshaping the business model by transitioning to a 'pay-as-you-go' (PayGo) reimbursement structure in the pharmacy channel to reduce patient out-of-pocket barriers. The shift to pharmacy is expected to double the lifetime revenue per patient while streamlining the prescription process for healthcare providers and improv ...