Axogen, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-15.7M | $-10.0M | $-21.7M | $-28.9M | $-27.0M | $-23.8M | $-29.1M | $-22.4M |
| Depreciation & Amortization | $6.7M | $6.5M | $4.2M | $2.8M | $2.7M | $1.5M | — | — |
| Depreciation | $6.7M | $6.5M | $4.2M | $2.8M | $2.7M | $1.5M | $933.0K | $774.0K |
| Amortization | $315.0K | $267.0K | $273.0K | $265.0K | $202.0K | $153.0K | $123.0K | $77.0K |
| Stock-Based Compensation | $30.1M | $15.9M | $14.4M | $15.6M | $10.9M | $8.5M | $10.3M | $7.6M |
| Net Cash from Operating Activities | $812.0K | $4.5M | $-5.7M | $-16.1M | $-13.4M | $-9.6M | $-19.9M | $-17.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $3.7M | $3.1M | $13.9M | $20.1M | $27.8M | $21.9M | $4.7M | $6.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-5.3M | $-10.3M | $19.3M | $-3.2M | $-23.6M | $-17.0M | $27.3M | $-98.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $10.5M | $2.3M | $2.0M | $1.8M | $20.5M | $40.5M | $4.0M | $109.8M |
| Net Change in Cash | $6.0M | $-3.5M | $15.5M | $-17.5M | $-16.6M | $13.9M | $11.4M | $-6.2M |
| Free Cash Flow | $-2.9M | $1.4M | $-19.6M | $-36.1M | $-41.2M | $-31.5M | $-24.5M | $-24.1M |