Axogen financials
$42.44−2.12%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $225.2M | $187.3M | $159.0M | $138.6M | $127.4M | $112.3M | $106.7M | $83.9M | $60.4M | $41.1M |
| Gross profit | $167.4M | $142.0M | $121.9M | $108.8M | $104.4M | $90.7M | $89.4M | $71.0M | $51.1M | $34.6M |
| Gross margin | 74.3% | 75.8% | 76.6% | 78.5% | 82.0% | 80.8% | 83.7% | 84.6% | 84.6% | 84.3% |
| Operating income | -$7.8M | -$3.3M | -$21.5M | -$29.7M | -$25.4M | -$23.2M | -$31.4M | -$20.5M | -$8.0M | -$8.1M |
| Net income | -$15.7M | -$10.0M | -$21.7M | -$28.9M | -$27.0M | -$23.8M | -$29.1M | -$22.4M | -$10.4M | -$14.4M |
| Net margin | −7.0% | −5.3% | −13.7% | −20.9% | −21.2% | −21.2% | −27.3% | −26.7% | −17.3% | −35.1% |
| Diluted EPS | $-0.34 | $-0.23 | $-0.51 | $-0.69 | $-0.65 | $-0.60 | $-0.74 | $-0.60 | $-0.31 | $-0.47 |
| EBITDA | -$874.0K | $3.4M | -$17.0M | -$26.6M | -$22.5M | -$19.7M | -$28.5M | -$19.6M | -$7.4M | -$7.7M |
| Operating cash flow | $812.0K | $4.5M | -$5.7M | -$16.1M | -$13.4M | -$9.6M | -$19.9M | -$17.9M | -$9.2M | -$11.2M |
| Free cash flow | -$2.9M | $1.4M | -$19.6M | -$36.1M | -$41.2M | -$31.5M | -$24.5M | -$24.1M | -$10.3M | -$12.2M |
| Diluted shares | 46.1M | 44.3M | 42.9M | 42.1M | 41.2M | 40.0M | 39.2M | 37.1M | 33.3M | 30.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $35.5M | $27.6M | $31.0M | $15.3M | $32.8M | $48.8M |
| Short-term investments | $6.0M | $5.9M | $0.00 | $33.5M | $51.3M | $55.2M |
| Total debt | $48.4M | $47.5M | $46.6M | $45.7M | $44.8M | $32.0M |
| Total assets | $221.7M | $203.7M | $196.8M | $195.4M | $208.0M | $201.4M |
| Total liabilities | $92.8M | $99.8M | $101.2M | $94.4M | $95.5M | $78.2M |
| Shareholders' equity | $128.8M | $103.9M | $95.7M | $101.0M | $112.5M | $123.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology