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DexCom Shares Sink to Five-Year Low as GLP-1 Fears Overshadow Strong Q3 Sales

Investors now weigh a lower valuation against uncertainty over future CGM demand.

Overview

  • Shares have fallen to levels last seen in 2020 after the latest earnings update.
  • DexCom is down about 25% year to date in 2025.
  • Third-quarter revenue reported on Oct. 30 was $1.2 billion, up 22% from a year earlier.
  • Concerns center on whether GLP-1 weight-loss drugs could reduce long-term need for continuous glucose monitors.
  • The stock now trades near 26 times forward earnings, below its historical average.