Slide 1: Dexcom earnings Q3 2025
bpexcom Dexcom earnings Q3 2025
Slide 2: Safe harbor statement
Safe harbor statement This presentation contains “forward-looking statements” that are based on our management's beliefs and assumptions and on information available to management as of October 30, 2025. We intend for such forward-looking statements to be covered by the safe harbor provisions for fo
Slide 3: Third quarter 2025 highlights
Third quarter 2025 idl © Key Financial Strategic $1.209 billion in revenue Highlights Highlights 20% organic revenue! growth over Q3'24 Achieved record quarterly Launched Al-powered meal logging (21% US; 18% INT'L?) earnings per share of $0.61 feature in both the Stelo and Dexcom Surpassed $100 mill
Slide 4: Third quarter performance
Third quarter performance Total Revenue & Organic Growth Rate”! Non-GAAP Gross Profit and Margin* ($m™) ($MM) $1,500 $900 $1200 $994 $1,114 $1,036 $1,157 $1,209 50 «$626 $661 $596 $696 $741 $900 $600 $600 00 $300 +3% +8% +14% +15% +20% $150 63.0% 59.4% % 60.1% 61.3% $0 $0 Q3'24 Q4'24 Qr2s Q2'25 Q3'2
Slide 5: 2025 Guidance as of October 30, 2025
2025 Guidance as of October 30, 2025 2025 Annual Revenue and Profitability Guidance Non-GAAP Non-GAAP Adjusted Revenue Gross Profit Margin* Operating Margin* EBITDA Margin*! : USD 5 Previous 4, 600-4625 ~62% ~21% ~30% billion USD Updated — 4, 630-4.650 ~61% 20-21% 29-30% billion 1 See appendix for t
Slide 6: Appendix: Revenue Data and GAAP Reconciliations
bpexcom Appendix Revenue Data and GAAP Reconciliations
Slide 7: GAAP to non-GAAP reconciliation
Three Months Ended September 30, Three Months Ended September 30, (In millions) 2025 2024 (In millions, except per share data) 2025 2024 GAAP gross profit $ 731.4 $ 593.8 GAAP net income $ 283.8 $ 134.6 Amortization of intangible assets (1) 7.1 7.1 Amortization of intangible assets (1) 8.0 8.3 Busin
Slide 8: Revenue Metrics By Component
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 YTD' 23 YTD' 24 YTD' 25 Revenue Metrics By Component Sensor & Other Revenue (millions) (1) (2) $ 651.9 $ 778.0 $ 873.8 $ 947.0 $ 854.3 $ 947.0 $ 951.8 $ 1,068.5 $ 997.2 $ 1,117.8 $ 1,175.1 $ 2,303.7 $ 2,753.1 $ 3,290.1 Year over year
Slide 9: Revenue Metrics By Geography
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 YTD' 23 YTD' 24 YTD' 25 Revenue Metrics By Geography US Revenue (millions) $ 526.0 $ 616.6 $ 713.6 $ 769.1 $ 653.2 $ 731.9 $ 701.9 $ 802.8 $ 750.5 $ 841.0 $ 851.9 $ 1,856.2 $ 2,087.0 $ 2,443.4 Year over year growth 17% 21% 24% 27% 24%
Slide 10: Organic Revenue
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 YTD' 23 YTD' 24 YTD' 25 (1) Organic Revenue INT'L Revenue - Reported $ 215.5 $ 254.7 $ 261.4 $ 265.4 $ 267.8 $ 272.4 $ 292.3 $ 310.7 $ 285.5 $ 316.1 $ 357.4 $ 731.6 $ 832.5 $ 959.0 Impact of Acquired Revenue 0.0 0.0 0.0 0.0 0.0 0.0 0.
Slide 11: Non-GAAP definitions
DexCom, Inc. Amortization of intangible assets - We are required under GAAP to record the fair values of the intangible assets of the entity on our balance sheet and amortize them over their useful lives. We exclude these non-cash amortization charges related to acquired intangible assets from our n