Stock Analysis on Net

DexCom Inc. (NASDAQ:DXCM)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2023.

Analysis of Revenues

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Revenues as Reported

DexCom Inc., income statement, revenues

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
United States
Outside of the United States
Revenue

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Revenue Growth
There is a consistent upward trend in total revenue from December 31, 2018, to December 31, 2022. The total revenue increased from $1,031,600 thousand in 2018 to $2,909,800 thousand in 2022, more than doubling over the five-year period. This steady growth indicates robust business expansion and increasing market demand.
Geographical Revenue Trends: United States
Revenue generated within the United States shows continuous and significant growth year over year. Starting at $818,400 thousand in 2018, U.S. revenue rose to $2,142,000 thousand by 2022. This represents an approximate 161.7% increase over the period, highlighting the domestic market as the primary revenue driver.
Geographical Revenue Trends: Outside of the United States
Revenue from regions outside the United States also exhibits a notable upward trajectory. Beginning at $213,200 thousand in 2018, it escalated to $767,800 thousand by 2022, marking an increase of about 260%. Though the absolute values are lower than the domestic revenue, the faster percentage growth indicates expanding international market penetration and growing global presence.
Comparative Insights
While both domestic and international revenues are increasing, the international segment is growing at a faster rate. This suggests diversification of revenue sources and efforts toward expanding beyond the core domestic market. The increasing contribution from outside the United States enhances the company’s geographic revenue balance, potentially reducing dependence on any single market.
Overall Summary
The data reflects strong and consistent revenue growth across both domestic and international segments over the five-year period. The company appears to be successfully expanding its market share and scaling operations, with a particularly rapid international revenue increase complementing the solid growth in the United States. This pattern suggests a healthy financial trajectory and promising sales momentum.