Core Insights - Tandem Diabetes Care, Inc. (TNDM) reported a second-quarter 2025 loss of 48 cents per share, missing the Zacks Consensus Estimate of a loss of 40 cents per share, while GAAP loss was 78 cents per share compared to a loss of 47 cents in the prior year [1][9] - Following the earnings announcement, TNDM stock experienced a decline of 20% [1] Revenue Performance - Non-GAAP revenues for the quarter reached $240.7 million, reflecting an 8.5% year-over-year increase and surpassing the Zacks Consensus Estimate by 0.9% [2][9] - GAAP revenues also totaled $240.7 million, marking an 8.5% increase year over year [2] Geographic Sales Breakdown - In the United States, non-GAAP sales amounted to $170.2 million, a 9% increase year over year, with approximately 21,000 pumps shipped [4] - Outside the United States, non-GAAP sales were $70.5 million, up from $65.2 million in the prior-year period [5] Margin and Expense Analysis - Gross profit for the quarter was $125.9 million, an 11.6% increase year over year, with gross margin expanding by 146 basis points to 52.3% despite a 5.2% rise in cost of sales [6][9] - SG&A expenses rose by 16.3% to $109.6 million, while R&D expenses decreased by 2.4% to $48.1 million [6] Financial Position - At the end of the second quarter of 2025, Tandem Diabetes had cash, cash equivalents, and short-term investments totaling $315.4 million, down from $368.6 million at the end of the first quarter [7] Future Guidance - The company provided full-year 2025 GAAP financial guidance, estimating sales to be approximately $1.00 billion, with U.S. sales expected to be $700 million and international sales projected at $300 million [10] Product Developments - During the second quarter, Tandem initiated an early access program for the t:slim X2 insulin pump with Control-IQ+ technology and received CE Mark for the Tandem Mobi insulin delivery system with Control-IQ+ technology [12]