AXGN
$36.17+2.64%
AXGN financial statements
The full income statement, balance sheet, and cash-flow statement for Axogen Inc. (AXGN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 43.8M2024-09 44.0M2024-12 44.3M2025-03 45.5M2025-06 46.0M2025-09 46.1M2025-12 51.9M2026-03 53.2M2026-06 53.8M+22.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 225M+20.2% | 187M+17.8% | 159M+14.7% | 139M+8.8% | 127M+13.4% | |
| 167M+17.9% | 142M+16.5% | 122M+12.0% | 109M+4.2% | 104M+15.1% | ||
| Cost of revenue | 57.9M+27.5% | 45.4M+22.1% | 37.1M+24.7% | 29.8M+29.8% | 22.9M+6.3% | |
| Research & development | 32.9M+18.4% | 27.8M+1.6% | 27.3M+6.7% | 25.6M+6.0% | 24.2M+35.5% | |
| Selling, general & administrative | 44.6M+14.2% | 39.0M+1.6% | 38.4M-6.1% | 40.9M+26.5% | 32.3M+22.5% | |
| General & administrative | 44.6M+14.2% | 39.0M+1.6% | 38.4M-6.1% | 40.9M+26.5% | 32.3M+22.5% | |
| Selling & marketing | 97.7M+24.6% | 78.5M+1.1% | 77.6M+7.8% | 72.0M-1.8% | 73.3M+5.3% | |
| Amortization of intangibles | 315K+18.0% | 267K-2.2% | 273K+3.0% | 265K+31.2% | 202K+32.0% | |
| Provision for credit losses | 400K-38.5% | 650K+339.9% | -271K-144.3% | 612K+1592.7% | -41.0K+61.0% | |
| Operating income | -7.85M-138.8% | -3.29M+84.7% | -21.5M+27.8% | -29.7M-16.9% | -25.4M-9.6% | |
| Interest expense | 7.70M-6.1% | 8.21M+189.5% | 2.83M+354.3% | 624K-54.0% | 1.36M+28.7% | |
| Other non-operating income | 167K+183.9% | -199K+54.5% | -437K-90.0% | -230K+17.3% | -278K-631.6% | |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net income | -15.7M-57.6% | -9.96M+54.1% | -21.7M+25.0% | -28.9M-7.3% | -27.0M-13.4% | |
| -$0.34-47.8% | -$0.23+54.9% | -$0.51+26.1% | -$0.69-6.2% | -$0.65-8.3% | ||
| EPS (basic) | -$0.34-47.8% | -$0.23+54.9% | -$0.51+26.1% | -$0.69-6.2% | -$0.65-8.3% | |
| Weighted-avg shares (basic) | 46.1M+4.1% | 44.3M+3.2% | 42.9M+1.9% | 42.1M+2.1% | 41.2M+3.1% | |
| Weighted-avg shares (diluted) | 46.1M+4.1% | 44.3M+3.2% | 42.9M+1.9% | 42.1M+2.1% | 41.2M+3.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 120M+21.4% | 99.2M+12.7% | 88.0M-10.3% | 98.1M-22.8% | 127M-12.5% | ||
| Cash & equivalents | 35.5M+29.0% | 27.6M-11.2% | 31.0M+103.0% | 15.3M-53.3% | 32.8M-32.8% | |
| Short-term investments | 5.98M+0.9% | 5.93M | 0.00-100.0% | 33.5M-34.7% | 51.3M-7.0% | |
| Accounts receivable | 26.2M+8.6% | 24.1M-4.1% | 25.1M+13.3% | 22.2M+22.2% | 18.2M+3.1% | |
| Inventory | 42.4M+27.7% | 33.2M+44.1% | 23.0M+21.8% | 18.9M+13.3% | 16.7M+33.2% | |
| Prepaid expenses | 6.35M+159.6% | 2.45M-12.9% | 2.81M+44.6% | 1.94M+4.5% | 1.86M-56.7% | |
| 222M+8.8% | 204M+3.5% | 197M+0.7% | 195M-6.1% | 208M+3.3% | ||
| Property, plant & equipment | — | — | — | — | 62.9M+63.8% | |
| Operating lease right-of-use | 12.7M-10.7% | 14.3M-8.3% | 15.6M+8.3% | 14.4M-5.4% | 15.2M-2.7% | |
| Intangible assets | 6.75M+21.0% | 5.58M+23.1% | 4.53M+24.2% | 3.65M+27.6% | 2.86M+39.2% | |
| Other non-current assets | 0.00 | — | — | — | — | |
| 23.6M-23.0% | 30.6M+0.6% | 30.4M+28.1% | 23.8M-2.2% | 24.3M+6.4% | ||
| Accounts payable | 2.89M-63.9% | 8.01M-32.0% | 11.8M+31.3% | 8.96M+51.3% | 5.92M+28.8% | |
| Accrued liabilities | 21.2M-26.0% | 28.6M-0.8% | 28.9M+28.7% | 22.4M-0.1% | 22.5M+2.2% | |
| Deferred revenue | — | — | — | — | 14.0K+0.0% | |
| Current lease liability | 2.35M+20.1% | 1.96M+27.2% | 1.54M+18.3% | 1.30M-28.6% | 1.82M+115.7% | |
| Finance lease liability (current) | 18.0K+100.0% | 9.00K+50.0% | 6.00K-14.3% | 7.00K-22.2% | 9.00K-47.1% | |
| 92.8M-7.0% | 99.8M-1.3% | 101M+7.2% | 94.4M-1.1% | 95.5M+22.0% | ||
| Long-term debt | 48.4M+1.9% | 47.5M+1.9% | 46.6M+1.9% | 45.7M+2.0% | 44.8M+39.9% | |
| Deferred revenue (non-current) | — | — | — | — | 0.00-100.0% | |
| Non-current lease liability | 16.8M-12.3% | 19.2M-9.1% | 21.1M+3.6% | 20.4M-2.0% | 20.8M-0.3% | |
| Operating lease liability (total) | — | — | — | — | 22.6M+4.2% | |
| Finance lease liability (total) | — | — | — | — | 13.0K-56.7% | |
| Finance lease liability | 32.0K+6.7% | 30.0K+57.9% | 19.0K+5.6% | 18.0K+350.0% | 4.00K-69.2% | |
| Other non-current liabilities | 141K+50.0% | 94.0K | 0.00 | — | 0.00-100.0% | |
| 129M+24.0% | 104M+8.6% | 95.7M-5.3% | 101M-10.3% | 113M-8.6% | ||
| Common stock | 472K+7.0% | 441K+2.3% | 431K+1.7% | 424K+1.7% | 417K+2.7% | |
| Additional paid-in capital | 435M+10.3% | 395M+4.8% | 377M+4.5% | 360M+5.1% | 343M+5.0% | |
| Retained earnings | -307M-5.4% | -291M-3.5% | -281M-8.4% | -260M-12.6% | -231M-13.3% | |
| Total liabilities & equity | 222M+8.8% | 204M+3.5% | 197M+0.7% | 195M-6.1% | 208M+3.3% | |
| Common shares issued | 47.2M+6.9% | 44.1M+2.4% | 43.1M+1.6% | 42.4M+1.7% | 41.7M+2.8% | |
| Common shares outstanding | 47.2M+6.9% | 44.1M+2.4% | 43.1M+1.6% | 42.4M+1.7% | 41.7M+2.8% | |
| Shares outstanding (cover) | 51.9M+17.0% | 44.3M+2.6% | 43.2M+1.4% | 42.6M+1.9% | 41.8M+2.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 812K-82.1% | 4.54M+179.3% | -5.72M+64.4% | -16.1M-19.9% | -13.4M-39.3% | ||
| Depreciation & amortization | 6.66M+3.0% | 6.47M+53.3% | 4.22M+49.2% | 2.83M+3.0% | 2.74M+79.3% | |
| Intangible amortization | 315K+18.0% | 267K-2.2% | 273K+3.0% | 265K+31.2% | 202K+32.0% | |
| Share-based compensation | 30.1M+89.3% | 15.9M+10.3% | 14.4M-7.5% | 15.6M+42.8% | 10.9M+28.9% | |
| Change in receivables | 2.46M+728.6% | -392K-114.6% | 2.69M-42.0% | 4.64M+829.7% | 499K-21.4% | |
| Change in inventory | 9.19M-9.6% | 10.2M+147.0% | 4.12M+118.1% | 1.89M-74.8% | 7.48M+721.8% | |
| -5.32M+48.4% | -10.3M-153.5% | 19.3M+701.7% | -3.20M+86.5% | -23.6M-39.4% | ||
| Capital expenditure | 3.75M+20.8% | 3.10M-77.6% | 13.9M-30.9% | 20.1M-27.8% | 27.8M+27.0% | |
| Free cash flow | -2.93M-304.5% | 1.43M+107.3% | -19.6M+45.8% | -36.1M+12.3% | -41.2M-30.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 13.7M+137.7% | 5.77M-43.4% | 10.2M-74.0% | 39.2M-42.9% | 68.7M-11.7% | |
| 10.5M+358.5% | 2.29M+17.2% | 1.95M+8.9% | 1.79M-91.2% | 20.5M-49.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 15.0M-57.1% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 5.99M+272.6% | -3.47M-122.4% | 15.5M+188.7% | -17.5M-5.2% | -16.6M-219.6% | |
| Interest paid | 6.81M-6.7% | 7.30M+275.6% | 1.94M | 0.00-100.0% | 495K-39.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.70B+132.4% | 731M+148.6% | 294M-30.3% | 422M+7.8% | 392M-46.3% | |
| P/S | 7.5×+93.4% | 3.9×+102.0% | 1.9×-38.7% | 3.2×+2.5% | 3.1×-52.6% | |
| P/B | 13.2×+87.4% | 7.0×+134.0% | 3.0×-27.7% | 4.2×+19.6% | 3.5×-41.2% | |
| P/FCF | — | 509.6× | — | — | — | |
| FCF yield | — | 0.20% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AXGN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AXGN filings on SEC EDGAR → Not investment advice.