TELA on Nasdaq
TELA Bio, Inc.
We are a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation and.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerTELA on Nasdaq1
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersMalvern, Pennsylvania1
- Incorporated inDE2
- Business address1 Great Valley Parkway, Suite 24, Malvern, Pa 193552
- Filer categoryNon-accelerated filer, Smaller reporting company2
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We are a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation and restoration of the patient’s own anatomy. Our growing product portfolio is purposefully designed to leverage the patient’s natural healing response while minimizing long-term exposure to permanent synthetic materials. We are committed to delivering our advanced technologies with a strong economic value proposition to assist surgeons and institutions in providing next-generation soft-tissue repair solutions to more patients worldwide.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development11¢$9.2M
- Other costs88¢$70.8M
- Income tax0¢$230.0K
Out of $80.3M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $80.3M | $69.3M | $58.5M |
| Cost of revenue (excluding amortization of intangible assets) | $25.6M | $22.4M | $18.0M |
| Amortization of intangible assets | $380.0K | $380.0K | $380.0K |
| Gross profit | $54.3M | $46.5M | $40.1M |
| Sales and marketing | $63.2M | $64.6M | $59.7M |
| General and administrative | $15.7M | $14.7M | $14.9M |
| Research and development | $9.2M | $8.8M | $9.6M |
| Total operating expenses | $88.1M | $88.2M | $84.2M |
| Gain on sale of product line | $7.6M | ||
| Loss from operations | -$33.8M | -$34.1M | -$44.1M |
| Interest expense | -$5.2M | -$5.3M | -$5.2M |
| Loss on extinguishment of debt | -$888.0K | ||
| Other income | $1.3M | $1.4M | $2.6M |
| Total other expense, net | -$4.8M | -$3.9M | -$2.6M |
| Loss before income tax (expense) benefit | -$38.6M | -$38.0M | -$46.7M |
| Income tax (expense) benefit | -$230.0K | $144.0K | |
| Net loss | -$38.8M | -$37.8M | -$46.7M |
| Net loss per common share, basic (in dollars per share) | -$0.83 | -$1.33 | -$2.04 |
| Net loss per common share, diluted (in dollars per share) | -$0.83 | -$1.33 | -$2.04 |
| Weighted average common shares outstanding, basic (in shares) | 46.9M shares | 28.5M shares | 22.9M shares |
| Weighted average common shares outstanding, diluted (in shares) | 46.9M shares | 28.5M shares | 22.9M shares |
| Foreign currency translation adjustment | $1.0K | -$1.0K | -$59.0K |
| Comprehensive loss | -$38.8M | -$37.8M | -$46.7M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $50.8M | $52.7M | ||
| Accounts receivable, net of allowances of $287 and $275 | $10.3M | $10.1M | ||
| Inventory | $11.0M | $12.8M | ||
| Prepaid expenses and other current assets | $3.4M | $2.5M | ||
| Total current assets | $75.6M | $78.1M | ||
| Property and equipment, net | $2.2M | $2.3M | ||
| Intangible assets, net | $1.4M | $1.7M | ||
| Right-of-use assets | $1.5M | $1.7M | ||
| Other long-term assets | $500.0K | $2.3M | ||
| Deferred tax asset, net | $140.0K | |||
| Restricted cash | $250.0K | $265.0K | ||
| Total assets | $81.4M | $86.6M | ||
| Accounts payable | $2.3M | $2.1M | ||
| Accrued expenses and other current liabilities | $15.7M | $13.5M | ||
| Total current liabilities | $18.0M | $15.6M | ||
| Long-term debt | $55.7M | $41.1M | ||
| Other long-term liabilities | $1.5M | $1.4M | ||
| Total liabilities | $75.1M | $58.1M | ||
| Common stock; $0.001 par value: 200,000,000 shares authorized; 44,538,264 and 39,395,712 shares issued and outstanding at December 31, 2025 and 2024, respectively | $44.0K | $39.0K | ||
| Additional paid-in capital | $403.7M | $387.1M | ||
| Accumulated other comprehensive income | $91.0K | $90.0K | ||
| Accumulated deficit | -$397.6M | -$358.7M | ||
| Total stockholders' equity | $6.3M | $28.5M | $18.9M | $14.3M |
| Total liabilities and stockholders' equity | $81.4M | $86.6M | ||
| Accounts receivable, Allowance | $287.0K | $275.0K | ||
| Preferred stock, Par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, Par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 44.5M shares | 39.4M shares | ||
| Common stock, shares outstanding (in shares) | 44.5M shares | 39.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $50.8M | $52.7M | ||
| Accounts receivable, net of allowances of $287 and $275 | $10.3M | $10.1M | ||
| Inventory | $11.0M | $12.8M | ||
| Prepaid expenses and other current assets | $3.4M | $2.5M | ||
| Total current assets | $75.6M | $78.1M | ||
| Property and equipment, net | $2.2M | $2.3M | ||
| Intangible assets, net | $1.4M | $1.7M | ||
| Right-of-use assets | $1.5M | $1.7M | ||
| Other long-term assets | $500.0K | $2.3M | ||
| Deferred tax asset, net | $140.0K | |||
| Restricted cash | $250.0K | $265.0K | ||
| Total assets | $81.4M | $86.6M | ||
| Accounts payable | $2.3M | $2.1M | ||
| Accrued expenses and other current liabilities | $15.7M | $13.5M | ||
| Total current liabilities | $18.0M | $15.6M | ||
| Long-term debt | $55.7M | $41.1M | ||
| Other long-term liabilities | $1.5M | $1.4M | ||
| Total liabilities | $75.1M | $58.1M | ||
| Common stock; $0.001 par value: 200,000,000 shares authorized; 44,538,264 and 39,395,712 shares issued and outstanding at December 31, 2025 and 2024, respectively | $44.0K | $39.0K | ||
| Additional paid-in capital | $403.7M | $387.1M | ||
| Accumulated other comprehensive income | $91.0K | $90.0K | ||
| Accumulated deficit | -$397.6M | -$358.7M | ||
| Total stockholders' equity | $6.3M | $28.5M | $18.9M | $14.3M |
| Total liabilities and stockholders' equity | $81.4M | $86.6M | ||
| Accounts receivable, Allowance | $287.0K | $275.0K | ||
| Preferred stock, Par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, Par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 44.5M shares | 39.4M shares | ||
| Common stock, shares outstanding (in shares) | 44.5M shares | 39.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$38.8M | -$37.8M | -$46.7M |
| Depreciation expense | $630.0K | $632.0K | $428.0K |
| Noncash interest expense | $529.0K | $609.0K | $599.0K |
| Noncash loss on extinguishment of debt | $888.0K | ||
| Amortization of intangible assets | $380.0K | $380.0K | $380.0K |
| Net changes in operating lease ROU assets and liabilities | $302.0K | -$99.0K | -$49.0K |
| Inventory excess and obsolescence charge | $2.4M | $3.0M | $1.4M |
| Stock-based compensation expense | $3.8M | $4.4M | $5.0M |
| Income tax expense (benefit) | $230.0K | -$144.0K | |
| Gain on disposal of fixed assets | -$12.0K | ||
| Gain on sale of product line | -$7.6M | ||
| Accounts receivable, net | -$110.0K | -$762.0K | -$3.1M |
| Inventory | -$503.0K | -$3.0M | -$2.7M |
| Prepaid expenses and other current and long-term assets | $133.0K | $227.0K | -$81.0K |
| Accounts payable | $141.0K | $482.0K | $11.0K |
| Accrued expenses and other current and long-term liabilities | $1.8M | -$1.8M | $4.2M |
| Foreign currency transaction loss | $76.0K | -$35.0K | -$316.0K |
| Net cash used in operating activities | -$28.2M | -$41.6M | -$40.9M |
| Purchase of property and equipment | -$448.0K | -$989.0K | -$611.0K |
| Proceeds from the sale of product line | $1.3M | $5.4M | |
| Proceeds from the sale of property and equipment | $12.0K | ||
| Net cash provided by (used in) investing activities | $846.0K | $4.5M | -$599.0K |
| Proceeds from sale of common stock and pre-funded warrants, net | $11.8M | $42.9M | $46.3M |
| Proceeds from issuance of long-term debt and warrants | $60.0M | ||
| Repayment of long-term debt | -$42.4M | ||
| Payment of debt financing costs | -$3.6M | ||
| Proceeds from exercise of stock options | $1.0K | $226.0K | $127.0K |
| Payment of withholding taxes related to stock-based compensation to employees | -$205.0K | -$369.0K | -$289.0K |
| Proceeds from issuance of common stock under the employee stock purchase plan | $105.0K | $281.0K | $88.0K |
| Net cash provided by financing activities | $25.8M | $43.1M | $46.3M |
| Effect of exchange rate on cash and cash equivalents | -$217.0K | $28.0K | $164.0K |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -$1.8M | $5.9M | $5.0M |
| Cash paid during the period for interest | $4.7M | $4.1M | $4.6M |
| Property and equipment in accounts payable and accrued expenses and other current liabilities | $66.0K | $119.0K | |
| Operating lease ROU asset exchanged for operating lease liabilities | $895.0K | ||
| Offering costs in accrued expenses and other current liabilities | $247.0K | ||
| Issuance of common stock warrants in connection with credit facility | $1.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led TELA Bio, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerHeather C. Getz Aug 5, 2026 to now12
- Chief executive officerAntony Koblish Nov 7, 2019 to Aug 5, 202613
- PresidentJeffrey Blizard Jun 2, 2025 to now14
- Chief financial officerRoberto Cuca Sep 29, 2021 to now15
- Chief financial officerNora Brennan Nov 7, 2019 to Apr 2, 202116
- Chief operating officerRoberto Cuca Sep 29, 2021 to now15
Board members and other officers (25)
- Chief Medical OfficerHoward N. Langstein Mar 11, 2026 to now17
- Chief Accounting OfficerMegan Smeykal Feb 23, 2023 to now18
- Chief Business OfficerGregory A. Firestone Aug 4, 2023 to now19
- Chief Strategic OfficerPaul Talmo Jan 7, 2022 to now20
- Chief Commercial OfficerPeter C. Murphy Jan 29, 2020 to Apr 2, 202421
- Chief Science OfficerEllis Skott Greenhalgh Nov 7, 2019 to Feb 28, 202222
- Chief Medical OfficerMaarten Persenaire Nov 7, 2019 to Feb 26, 202123
- Board memberGuido J. Neels Jun 11, 2026 to now24
- Board memberGuy P. Nohra Jun 11, 2026 to now25
- Board memberJoseph H. Capper Jun 11, 2026 to now26
- Board memberHeather C. Getz Aug 5, 2026 to now12
- Board memberBetty Jo Rocchio Oct 10, 2025 to now27
- Board memberWilliam J. Plovanic Nov 3, 2025 to now28
- Board memberJeffrey Blizard Jun 6, 2024 to now29
- Board memberJohn Nosenzo Jun 4, 2021 to Jun 2, 202330
- Board memberDouglas G. Evans Apr 22, 2020 to now31
- Board memberLisa N. Colleran Apr 22, 2020 to now32
- Board memberAdele C. Oliva Nov 7, 2019 to Jun 8, 202033
- Board memberAntony Koblish Nov 7, 2019 to now13
- Board memberAshley Friedman Nov 7, 2019 to Nov 13, 201934
- Board memberFederica F. O'Brien Nov 7, 2019 to now35
- Board memberKurt Azarbarzin Nov 7, 2019 to now36
- Board memberMatt Zuga Nov 7, 2019 to Nov 13, 201937
- Board memberRonald J. Ellis Jr. Nov 7, 2019 to Nov 13, 201938
- Board memberVincent J. Burgess Nov 7, 2019 to now39
Timeline
Filings
365 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 193 insider forms, 47 large holders, 43 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Oct 6, 20268-K EDGAR
- Oct 5, 20268-K EDGAR
- Sep 29, 20268-K EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20268-K EDGAR
- Sep 16, 20264 EDGAR
- Sep 14, 2026DEF 14A EDGAR
- Sep 4, 2026PRE 14A EDGAR
- Aug 31, 20268-K EDGAR
- Aug 19, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20268-K/A EDGAR
- Aug 11, 2026S-8 EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 2026SCHEDULE 13G EDGAR
- Aug 10, 20268-K EDGAR
- Aug 5, 20264 EDGAR
The 365 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
154 open-market trades by officers, directors and large owners since October 2021: 148 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | Capper Joseph HDirector | Buy | 25,000 | $1.22 | $30.5K | Form 4 |
| Sep 16, 2026 | Capper Joseph HDirector | Buy | 50,000 | $1.17 | $58.5K | Form 4 |
| Sep 15, 2026 | Capper Joseph HDirector | Buy | 50,000 | $1.06 | $53.0K | Form 4 |
| Sep 14, 2026 | Capper Joseph HDirector | Buy | 25,000 | $1.02 | $25.5K | Form 4 |
| Aug 17, 2026 | Getz Heather CChief Executive Officer | Buy | 12,500 | $0.66 | $8.2K | Form 4 |
| Aug 14, 2026 | Getz Heather CChief Executive Officer | Buy | 15,000 | $0.70 | $10.5K | Form 4 |
| Nov 17, 2025 | EW Healthcare Partners Fund 2-UGP, LLC10% owner | Buy | 3,604,000 | $1.11 | $4.0M | Form 4 |
| Oct 24, 2024 | Cuca RobertoCOO and CFO | Buy | 64,444 | $2.25 | $145.0K | Form 4 |
| Oct 24, 2024 | Talmo PaulChief Technology Officer | Buy | 22,222 | $2.25 | $50.0K | Form 4 |
| Oct 24, 2024 | KOBLISH ANTONYChief Executive Officer | Buy | 88,888 | $2.25 | $200.0K | Form 4 |
| Oct 24, 2024 | Firestone Gregory A.Chief Business Officer | Buy | 6,666 | $2.25 | $15.0K | Form 4 |
| Jul 2, 2024 | ORBIMED ADVISORS LLC10% owner | Sale | 36,600 | $4.54 | $166.2K | Form 4 |
| Jul 1, 2024 | ORBIMED ADVISORS LLC10% owner | Sale | 13,700 | $4.68 | $64.1K | Form 4 |
| Jun 28, 2024 | ORBIMED ADVISORS LLC10% owner | Sale | 378,000 | $4.74 | $1.8M | Form 4 |
| Dec 5, 2023 | Firestone Gregory A.Chief Business Officer | Buy | 2,600 | $5.65 | $14.7K | Form 4 |
| Nov 14, 2023 | Cuca RobertoCOO and CFO | Buy | 10,000 | $4.49 | $44.9K | Form 4 |
| Nov 14, 2023 | KOBLISH ANTONYChief Executive Officer | Buy | 11,000 | $4.54 | $49.9K | Form 4 |
| Apr 21, 2023 | ORBIMED ADVISORS LLC10% owner | Sale | 27,700 | $9.41 | $260.7K | Form 4 |
| Apr 20, 2023 | ORBIMED ADVISORS LLC10% owner | Sale | 28,300 | $9.43 | $266.9K | Form 4 |
| Apr 19, 2023 | ORBIMED ADVISORS LLC10% owner | Sale | 136,000 | $9.30 | $1.3M | Form 4 |
All 154 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Nantahala Capital Management, LLCSCHEDULE 13G/A, 4 filings Nov 14, 2024 to Aug 14, 202640
- SILVERARC CAPITAL MANAGEMENT, LLCSCHEDULE 13G/A, 3 filings Feb 12, 2025 to Aug 14, 202641
- EW HEALTHCARE PARTNERS FUND 2, L.P.SCHEDULE 13D, 9 filings Jan 19, 2022 to Jun 9, 202642
- Laurence W. LyttonSCHEDULE 13G/A, 5 filings Jul 22, 2024 to May 15, 202643
- GROW FUNDS, LLC.SCHEDULE 13G/A, 2 filings Jul 30, 2024 to Oct 15, 202544
- NORTH RUN CAPITAL, LPSCHEDULE 13G/A, 2 filings May 30, 202545
- Orin HirschmanSCHEDULE 13G/A, 5 filings Aug 24, 2022 to May 8, 202546
- Stonepine Capital Management, LLCSCHEDULE 13G/A, 2 filings Oct 29, 2024 to Feb 13, 202547
- ORBIMED ADVISORS LLCSC 13D/A, 5 filings Aug 19, 2022 to Oct 25, 202448
- First Light Asset Management, LLCSC 13G/A, 3 filings Oct 6, 2023 to Jun 10, 202449
- RTW INVESTMENTS, LPSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202350
- Quaker BioVentures II LPSC 13G/A, 2 filings Feb 14, 2022 to Jun 23, 202251
- Opaleye Management Inc.SC 13D, 2 filings Jun 3, 2022 to Jun 10, 202252
- PURA VIDA INVESTMENTS, LLCSC 13G/A, 1 filing Feb 14, 202253
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARTELA Bio, Inc. filings on SEC EDGAR
- 2SEC EDGARTELA Bio, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARTELA Bio, Inc. 10-K for fiscal 2025
- 5SEC EDGARTELA Bio, Inc. 10-K for fiscal 2019
- 6SEC EDGARTELA Bio, Inc. 10-K for fiscal 2020
- 7SEC EDGARTELA Bio, Inc. 10-K for fiscal 2021
- 8SEC EDGARTELA Bio, Inc. 10-K for fiscal 2022
- 9SEC EDGARTELA Bio, Inc. 10-Q for fiscal 2026
- 10SEC EDGARTELA Bio, Inc. 10-Q for fiscal 2026
- 11SEC EDGARTELA Bio, Inc. 10-K for fiscal 2019
- 12
- 13
- 14SEC EDGARJeffrey Blizard, President
- 15
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- 20SEC EDGARPaul Talmo, Chief Strategic Officer
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- 24SEC EDGARGuido J. Neels, Board member
- 25SEC EDGARGuy P. Nohra, Board member
- 26SEC EDGARJoseph H. Capper, Board member
- 27SEC EDGARBetty Jo Rocchio, Board member
- 28SEC EDGARWilliam J. Plovanic, Board member
- 29SEC EDGARJeffrey Blizard, Board member
- 30SEC EDGARJohn Nosenzo, Board member
- 31SEC EDGARDouglas G. Evans, Board member
- 32SEC EDGARLisa N. Colleran, Board member
- 33SEC EDGARAdele C. Oliva, Board member
- 34SEC EDGARAshley Friedman, Board member
- 35SEC EDGARFederica F. O'Brien, Board member
- 36SEC EDGARKurt Azarbarzin, Board member
- 37SEC EDGARMatt Zuga, Board member
- 38SEC EDGARRonald J. Ellis Jr., Board member
- 39SEC EDGARVincent J. Burgess, Board member
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