Axogen, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $225.2M | $187.3M | $159.0M | $138.6M | $127.4M | $112.3M | $106.7M | $83.9M |
| Cost of Revenue | $57.9M | $45.4M | $37.1M | $29.8M | $22.9M | $21.6M | $17.3M | $12.9M |
| Gross Profit | $167.4M | $142.0M | $121.9M | $108.8M | $104.4M | $90.7M | $89.4M | $71.0M |
| Gross Margin | 74.3% | 75.8% | 76.6% | 78.5% | 82.0% | 80.8% | 83.7% | 84.6% |
| Operating Expenses | ||||||||
| Research & Development | $32.9M | $27.8M | $27.3M | $25.6M | $24.2M | $17.8M | $17.5M | $11.8M |
| SG&A Expense | $44.6M | $39.0M | $38.4M | $40.9M | $32.3M | $26.4M | $31.3M | $23.1M |
| Operating Income | $-7.8M | $-3.3M | $-21.5M | $-29.7M | $-25.4M | $-23.2M | $-31.4M | $-20.5M |
| Operating Margin | -3.5% | -1.8% | -13.5% | -21.4% | -20.0% | -20.6% | -29.4% | -24.4% |
| Interest Expense | — | — | $2.8M | $624.0K | $1.4M | $1.1M | $40.0K | $1.2M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-15.7M | $-10.0M | $-21.7M | $-28.9M | $-27.0M | $-23.8M | $-29.1M | $-22.4M |
| Net Margin | -7.0% | -5.3% | -13.7% | -20.9% | -21.2% | -21.2% | -27.3% | -26.7% |
| EPS (Basic) | $-0.34 | $-0.23 | $-0.51 | $-0.69 | $-0.65 | $-0.60 | $-0.74 | $-0.60 |
| EPS (Diluted) | $-0.34 | $-0.23 | $-0.51 | $-0.69 | $-0.65 | $-0.60 | $-0.74 | $-0.60 |
| Shares Outstanding (Basic) | 46.1M | 44.3M | 42.9M | 42.1M | 41.2M | 40.0M | 39.2M | 38.9M |
| Shares Outstanding (Diluted) | 46.1M | 44.3M | 42.9M | 42.1M | 41.2M | 40.0M | 39.2M | 38.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |