A tissue-removing catheter includes a tissue-removing element operatively connected to a drive shaft for rotation of the tissue-removing element about an axis of rotation in a cutting direction. A tissue-removing head of the tissue-removing element defines an annular cutting blade. In some embodiments, angularly spaced cutting teeth form the cutting blade. Inner shearing members extend radially inward from the cutting blade. As the tissue-removing element rotates in the cutting direction and advances axially through a body lumen, the annular cutting edge separates the tissue from the body lumen wall. Leading surfaces of the inner shearing members shear the separated tissue radially inwardly. In some embodiments, the tissue-removing element is an integrally formed, one-piece body made by removing material from a blank to form the cutting blade and inner shearing members.